StocksToTrade is a stock screener and analysis platform for active traders. Built for day traders and swing traders this platform combines real time market data, technical analysis tools and news integration to help you find trading opportunities in the stock market.
Platform Features and UI
StocksToTrade has a customizable interface where you can set up your workspace to your liking. The main dashboard has multiple chart layouts, watchlists and scanning capabilities. You can access Level 2 data, time and sales and create complex technical analysis charts with over 40 built in indicators. The interface is comprehensive but may require a learning curve for beginners due to the professional grade features. One of the best features is the ability to save multiple workspace configurations so you can switch between different setups based on your trading strategy or market conditions.
Scanning and Filtering
The scanning engine is one of the best features of the platform, allowing you to filter stocks based on technical and fundamental criteria. You can create custom scans using price action, volume, market cap and technical indicators. There are pre-built scanners for common trading strategies like momentum trades, breakouts and gap plays. Real time scanning allows you to see opportunities as they develop rather than waiting for end of day data. The scanner also has pattern recognition tools that can identify specific chart patterns and candlestick formations.
News and Research
StocksToTrade’s news integration aggregates information from multiple sources including social media, SEC filings and major news outlets. The proprietary Breaking News Chat feature gives you real time alerts and analysis of market moving news events. You can set up custom news filters to focus on specific types of corporate events like earnings releases, merger announcements or FDA approvals. The platform also has tools to analyze social media sentiment and track unusual trading activity so you can stay ahead of the market catalysts.
Paper Trading and Education
The platform has a paper trading feature where you can practice trading without risking real money. This simulation environment is a real market simulator with all the analysis tools. StocksToTrade also has education through the Breaking News Chat where experienced traders share their insights and analysis. The platform has regular webinars and training sessions to help you get the most out of the software. The paper trading module tracks performance metrics and generates reports so you can analyze your strategy and improve your decision making.
Pricing and Platform Requirements
StocksToTrade is a subscription based platform with multiple pricing tiers to fit different trader needs. The basic platform is around $179 per month and then additional for the Breaking News Chat and Oracle. The pricing may seem high compared to some basic screening tools but it’s for professional grade features. The software requires a decent computer to run smoothly especially when using multiple charts and real time data feeds. You may need to additional data feed subscriptions depending on your trading needs which will add to the overall cost of the platform.
Rating: ★★★★
