Categories: Tips

Trade Ideas Stock Scanner Review – Not Your Average Stock Scanner

What Is Trade Ideas Stock Scanner?

Launched in 2002 and based in California, Trade Ideas is an AI-powered stock scanner and research platform that targets experienced traders. Trade Ideas’ proprietary A.I. software, called Holly, is a highly customizable algorithm that conducts thousands of scans every day and sends personalized recommendations based on your risk tolerance, long-term goals, and funds available.

Trade Ideas can be synchronized with your Interactive Brokers account so you can place orders directly from the Trade Ideas dashboard after conducting your research. The Trade Ideas software is available as a web-based application or downloadable for Windows OS. The web application is available on all operating systems.

In this quick Trade Ideas Stock Scanner summary, I will go over all the best features of this platform. If you want to read a more in-depth analysis, check out our full Trade Ideas Stock Scanner review.

Pros & Cons of Trade Ideas Stock Scanner

Pros

  • Proprietary A.I. robo advisor
  • Supports 60+ intraday trading strategies
  • Choose a risk profile and get personalized recommendations
  • Advanced charting tools and real-time market scanners
  • Actionable recommendations, including entry and exit points
  • Test your strategies in a safe environment
  • Comprehensive educational resources
  • Available as a web-based app
  • Downloadable version for Windows

Cons

  • High fees
  • Trading experience recommended

Find Trading Opportunities With An A.I. Trading Assistant

Trade Ideas is powered by an advanced A.I. robo advisor that runs hundreds of algorithms every second and studies thousands of scenarios and trading opportunities. As a Trading Ideas Premium user, you’ll receive real-time alerts and suggestions – including detailed entry and exit times – whenever Holly finds a promising opportunity.

The A.I. assistant Holly can be customized to fit your strategies and your long-term goals; it supports dozens of the most successful day trading strategies, including:

  • The 5-Day Bounce
  • Alpha Predators
  • Breakout
  • Bullish Pullback
  • Bullish Trend Change
  • Topping Formation (Short)
  • Trend Play
  • Bear/Bull Trap (Short)

You can choose from over 60 strategies, and Holly will come up with recommendations every morning, sent directly to your email. If you want to read more about Holly, check our Holly robo-advisor overview, where we break down this robo-advisor and the two Trade Ideas subscriptions.

Get Personalized Recommendations That Fit Your Risk Profile

Holly is one of the most advanced robot advisors in the market right now, and you can fully customize it to match your long-term goals. Holly will match your investments based on the A.I. risk profiles you choose:

  • Conservative Mode: Holly will consider five exit reasons (Stop Hit, Target Hit, Profit Save, Reduce Risk, and Timed Exit)
  • Moderate Mode: Holly will consider two exit reasons (Stop Hit and Timed Exit)
  • Aggressive Mode: Holly will consider one exit reason (Timed Exit)

You can also customize the size of the trades using parameters like the exact amount you want to spend, the number of shares, and risk. Holly completes between 5 and 25 trades daily if it finds trades that fit your criteria.

Safely Test Your Strategies In A Backtesting Environment

For experienced investors, Trade Ideas offers access to a backtesting environment called Oddsmaker. The Oddsmaker is an excellent tool if you want to test how your strategies would perform in a realistic environment without risking any of your money.

The Oddsmaker uses historical data from the last couple of years, and you can fully customize starting parameters like equity, position size, broker’s commission, and more.

Trade Ideas Stock Scanner

With the Trade Ideas proprietary stock scanner, you can track price fluctuations and events in real-time from the Trade Ideas alert window. If you’re an advanced trader, you can use the scanner and filter by parameters like volume, asset type, or timeframe (like pre-market or after-hours) – Trade Ideas is not your average stock scanner.

Complete Synchronization With Interactive Brokers

The Trade Ideas stock scanner is compatible with Interactive Brokers, one of the largest online brokerages worldwide, and offers complete synchronization; you can automate and place orders directly from the Trade Ideas dashboard.

Educational Resources

For beginners, Trade Ideas offers a comprehensive host of educational resources, including video series and free guides. Trade Ideas’ most requested video series is the Getting Started Series, which covers:

  • Downloading & installing the Trade Ideas software
  • How to Use The Toolbar & Right Click Magic
  • Intro to Scans
  • Intro to Charts

For more experienced traders, there’s a Trading Room where you can interact with professional day and swing options traders who are very familiar with the platform and who will be more than happy to answer all your questions.

Trade Ideas Stock Scanner Fees

  • Standard Trade Ideas Subscription: $118/month (or $999/year)
  • Premium Trade Ideas Subscription: $228/month (or $1,999/year)
  • TI Swing Picks: $17/month

If you use our link to sign up, you will only pay $84 or $167/month for the Standard and Premium subscriptions, respectively. You can also opt-in for the TI Swing Picks weekly newsletters that include weekly alerts and trade ideas sent directly to your email every Sunday.

Sign-Up Process

Anyone can register and create a Trade Ideas account; all you need is your name, a valid address, and banking information to purchase a subscription. Here are the steps:

  • Visit the Trade Ideas Stock Scanner website
  • Click Login on the top right
  • Select a subscription
  • Fill in some of your basic information

Trade Ideas Stock Scanner Trustpilot Reviews

Trade Ideas Stock Scanner has decent reviews from its users, and it holds an average rating of 3.8 on Trustpilot. Here’s what some of those users have to say about Trade Ideas Stock Scanner:

1. “I was a beginner trader and didn’t know where to turn. Stumbled upon Trade Ideas from several review sites, so I thought I’d give it a shot. I tried their Test Drive, which gave me two-week access for only $10, and became quite intrigued, so I committed to a subscription. I haven’t regretted it since..” – EB J.

2. “Love this app, a great tool for traders interested in momentum trading. Use the screener to find trades and set up alerts that notify you when parameters are triggered. They have a great affiliate program as well. It’s very in-depth; you can tell they strongly rely on new members by their referral program..” – Kamuhel A.

3. “This is the best trading tool I have ever used. I would not trade without it..” – Kayla A.

4. “They sell you something you get from a good broker for free, a normal scanner for stocks. Interactive brokers or any other better broker will give you a better scanner. The price is way overpriced. I’m surprised nobody wrote any review about this site yet..” – Bill Bob.

If you are not entirely convinced that this particular service is for you after reading these reviews, we recommend checking our Trade Ideas For the Average Trader review, discussing how novice or intermediate traders can benefit from this platform.

Final Thoughts

Trade Ideas Stock Scanner is an advanced stock scanner tool for experienced investors. Trade Ideas comes with cutting-edge research tools, compatibility with one of the largest online brokerages, and AI-powered trading recommendations. Whether you’re a professional investor looking for an advanced A.I. robo advisor, or a beginner looking for actionable recommendations and educational videos, Trade Ideas’ got something for you,

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