The stock trading industry is rife with all kinds of software systems to help traders make money. While many of these systems turn out to be too good to be true, one of the systems that have stood the test of time is Trade Ideas. In simple terms, Trade Ideas may be defined as a stock scanning tool. It has been available in the market for more than 12 years and is widely considered as one of the best scanning tools available today.
In this Trade Ideas review, you will get to know about various features of this platform and what makes it one of the best standalone scanners available today. One of the most useful features of this platform is that it offers all kinds of scans that allow traders to find unique trading opportunities. It won’t be wrong to say that this platform can be used as an end-all for traders who want a huge pipeline of ideas during the day.
You can combine a variety of parameters to find all kinds of stocks. For instance, you can add filters to find stocks with outstanding float of less than 20 million shares or stocks with market cap of less than USD 300 million or stocks priced between USD 3 to USD 20 or stocks that are up at least USD 10 from the previous close or have a particular volume or have their earnings date in the next week or any other thing you can think of. In other words, it is extremely flexible allowing you to discover stocks that you would want to trade. You can set up a variety of scans to cover all kinds of market situations.
The platform is extremely flexible and users can create their own strategies by simple drag-and-drop. It is an extremely user-friendly platform and the user interface is intuitive enough to allow even first-time users to create complex scans using a variety of filters. The company also offers a lot of video tutorials to help new subscribers learn everything they need to know about the software. The program can be downloaded and used as a standalone program but it can also be used via a browser.
The company was founded in 2002 and it initially started as a market scanner. Over the years, it has evolved into a much bigger idea generation platform. In the recent years, the company has also introduced artificial intelligence technology in order to generate profitable ideas for users. There is also a live community chat room with a huge community of active traders. The co-founder of the software is also an active trader who regularly posts on social media about various trades. Another good thing about this particular platform is that all the processing is done at the back end and only the filtered stock ideas are pushed to the end user.
As far as the features of this platform are concerned, it has all kinds of features a trader needs to execute their strategies. For instance, you can view all kinds of charts including candlesticks, bars, and other common indicators. The platform also comes loaded with several preconfigured scans. However, a user is free to use filters to generate the kind of scans they want.
This flexibility allows traders to come up with their own strategies. There is also an alerts window where the results of the scans show up. There is also a backtest feature. This particular feature allows traders to backtest the strategy in minutes. This feature is widely praised by traders as it allows them to optimize their strategies before they make a play.
As far as the pricing is concerned, there are currently two kinds of subscriptions offered by the company. The standard package is the lower priced package that offers all the basic scanning tools. This package also includes alerts, top stocks as well as charts. There is also the premium package that includes the backtesting feature, the artificial intelligence engine as well as advanced windows among some other features.
Overall, many traders regard Trade Ideas to be one of the best scanners for intraday traders. The software is capable of generating a huge flow of ideas. It also comes with a live chat room where you can interact with other traders. It also features other auto trading and allows users to come up with their own strategies. If you are a day trader, you will definitely find this software system to be a worthwhile investment.
Learn more about Trade Ideas here: tradingreview.net/trade-ideas-review/
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