Trade Ideas is the best stock screener for day trading. Advanced artificial intelligence tools like the AI Gen. 2 Money Machine, or the AI Gen. 1 HOLLY AI, real-time picture-in-picture charts and indicators, broker integration, automated trading, backtesting, a live trading room and great support set Trade Ideas apart from the competition.
Trade Ideas has also been rewarded by Investopedia as the Best Short Term Stock Screener. But is it worth the cost? My Trade Ideas review breaks down all the features, compares the plans and includes examples.
Pros
- Artificial Intelligence engine with real-time trade alerts
- Scans over 8,000 stocks and ETFs
- Trading chat room with desk sharing
- Broker integration, backtesting and trade automation
Cons
- Only U.S. markets supported (NYSE, Nasdaq, OTC)
| 🚀 Features | Stock screener, trade alerts, charts, simulated trading, automated trading, chat room |
| 💻 Technology | Installable software and web-based application |
| 💰 Subscription | Monthly, yearly |
| 👛 Coupons, discounts | Yes |
| 📆 Founded | 2003 |
| 🏢 Headquarters | United States |
Transparency: We may get compensated when you click on links in this article.
Trade Ideas Plans
Trade Ideas Basic
Trade Ideas Basic is the entry level subscription. With the Basic version you get access to all the classic stock scanner features with real time data (pre market and after hours), customizable scans, charts, trading simulator and more.
Trade Ideas Premium
Trade Ideas Premium includes all features. Compared to the Basic version you get free access to the Portfolio Master Challenge (a tournament where you can win prizes), Multi-Strategy Windows, custom Stock Races and unlimited watchlists. But more importantly, you access to the most powerful features:
- Full access to Trade Ideas artificial intelligence features Gen. 1 Trade Ideas HOLLY and Gen. 2 Trade Ideas Money Machine with AI trade alerts
- Strategy backtesting (backtest all your scanner setting alerts without coding)
- Auto trading via the broker API (e.g., connects with Interactive Brokers and E-Trade)
Trade Ideas Costs
| Trade Ideas Plan | Trade Ideas Basic | Trade Ideas Premium |
|---|---|---|
| Monthly Plan | $127 per month | $254 per month |
| Annual Plan | $1,068 per year (equals $89 per month) | $2,136 per year (equals $178 per month) |
(There is a free version available, where you don’t need a Trade Ideas subscription right from the start. You can try the free web version, to get a basic understanding of the features, with 15 minute delayed quotes, one picture-in-picture charts and pre-built layouts to test and try out.)
Trade Ideas Discount
As an official Trade Ideas Partner, we provide 100% verified Trade Ideas coupon codes and a helpful, step-by-step guide that shows you how to apply the discount.
- Use the code DAYTRADINGZ for 15% Off (Write down the code, or use STRG+C to copy it.)
- Select your subscription (monthly or annual Basic or Premium plan).
- Now you see a field “Got a Promo Code?”, where you enter the provided discount code.
- Important: Click on the orange button with the little white arrow next to the promo code to finally apply the discount.
- Now you can subscribe with the discounted rate.
Trade Ideas Platform
Trade Ideas AI
Trade Ideas AI scans the market conditions and evaluates buy and sell signals based on high probability setups. It’s free for all Trade Ideas Premium Alpha Pro subscribers.
To use Trade Ideas AI technology open the software, go to the Channel Bar and click on HOLLY AI. Now you get the trading signals in real time with details like entry time, long/short label, stock symbol, number of shares traded, entry price, profit target and more.
The trades are active as long as the stop is not hit. So you can use the signals for short term day trading or longer term swing trading.
To see historical trades right click on the Strategy Trades window, select History and then choose how far back in time you want to go to see previous trade signals. To see the current trades in real time select Realtime in the Strategy Trades window and restart the HOLLY AI channel.
Trade Ideas Charts
Your broker platform probably allows you to open multiple charts at the same time and apply different time frames to each one. Monitoring multiple time frames is helpful to stay on top of the overall trend.
Trade Ideas goes a bit further and let you combine two time frames in one window. So, if you want to combine a 1-minute time frame relative to the performance on the daily chart over the past weeks, you can do and the so-called Picture-in-Picture charting looks like this:
Trade Ideas Stock Scanner
Trade Ideas is the best stock scanner for day traders and comes with multiple pre-configured scanner layouts.
MarketScope 360
Trade Ideas is fully powerful when installed as a Windows application. But the web version has also been improved. The so called MarketScope is the web version where you can use most features from any device with a web browser. Market data supports real-time updates and asset selection to help you make better decisions.
Trade Ideas Stock Racing
The Trade Ideas stock racing feature let’s you compare stocks based on chosen metrics like performance over the past 5 minutes, over the past day, or one of the other filters and alert types available (over 500). Here is how this type of stock market action visualization looks like:
Trade Ideas Automated Trading
Trade Ideas comes with a free and fully integrated automated trading system. You can send a trading signal directly to your broker (via API to e.g. Interactive Brokers and E-Trade) and automate the trade flow so a trade alert triggers a buy or sell order which then gets sent to the broker and stock exchange for execution. You can also use the Trade Ideas paper trading account to test your automated trading systems risk free.
Trade Ideas Brokerage Plus API
Trade Ideas Brokerage Plus currently includes a free paper trading account and connections to E-Trade and Interactive Brokers. TD Ameritrade will be added soon. With Trade Ideas Brokerage Plus active traders can trade from a chart, alert window or by using the customizable buy and sell buttons. It can also be used as a trading robot for automated trade execution and management. And you see the performance graphs and statistics.
Idea Surfing
When you open Trade Ideas for the first time the highlighted stocks in any of the channels will start to change by themselves. What’s going on? This is called “idea surfing”. Trade Ideas helps investors get started. The founders know how hard it is to just get started so the software will automatically start to scan different stocks in the channel.
This means without doing anything Trade Ideas is already showing you stocks and situations you wouldn’t have seen otherwise. Mousing over a chart will pause idea surfing so you can investigate the chart further.
Realtime Streaming Alerts
Trade Ideas streaming alerts show ideas as they happen in real time. Streaming real time alerts are the backbone of Trade Ideas. While Trade Ideas has been around for over 20 years there is still no competition to this technology. You can see the timestamp on each new event.
One window can be set up to see a stock on extremely high volume making a new 20 day high while crossing the 50 day moving average and a stock that just traded below its last weeks low after earnings. The platform is customizable. You can set up windows to look for anything you want.
This streaming technology is the magic behind the scenes that makes Trade Ideas a game changer for the seasoned investor and the beginner. Now you won’t just be watching what everyone else is watching. You will be seeing information before the competition knows about it.
Chart Based Halt Notification
Sometimes stocks move so fast the exchange computer systems can’t keep up. This triggers a halt and that halt notification will show up at the top of the Trade Ideas charts and in an alert window that is set to notify you of stocks that have halted. In the stock market it’s all about being aware of what’s happening before your competition and that’s where Trade Ideas shines.
Chart Based Trading
Chart Based Trading is one of the features showing how the Trade Ideas designers are active in the financial markets. Every time a new chart comes up the Trade Ideas software assumes you might want to buy or sell the stock. So it provides visual risk guidelines based on your typical behavior. There are visual Risk and Reward levels for every stock. Trading buttons are located right next to the customization menu for each chart. These buttons on the chart are linked to your paper trading or real account. When you click on a button you will send an order to buy or sell based on the chart levels.
Trade Ideas Backtesting
Other products like TradeStation and MetaStock have backtesting but only Trade Ideas lets subscribers backtest trading strategies by asking questions. For example, is the 200 day moving average cross on stocks you like a good stock market strategy right now? Is it systematic? Maybe it’s a better stock investment strategy to play the downside or shorting. And unlike all others today, trying to find what indicator works as a signal for a given stock, Trade Ideas tells you what real time event turns out to be a Buy or Sell signal.
The feature is called OddsMaker. It allows you to see the trade performance of every stock trading strategy and its variations in seconds without any programming or coding knowledge.
Trade Ideas Channels
Like Hulu, Netflix and other streaming services Trade Ideas has themed channels to view any type of market environment. There’s a Channel Bar on the left of the screen where these market views are located. Clicking on any channel changes the layout to that view and shows an “ON” in the selected channel icon.
Trade Ideas Support
Trade Ideas support is designed for maximum user experience. The training gets you up and running with the Trade Ideas platform. The help section has pictures and videos for every feature. That’s why Trade Ideas is an Inc. 5000 fastest-growing privately held US-based company.
Trade Ideas Review Summary
Trade Ideas is the best stock scanner for day traders. Subscribers get access to AI trading signals via the Money Machine, or HOLLY, can use real-time stock scanning for over 8,000 U.S.-listed stocks (with pre-configured scanner layouts and over 500 available data points to build a scanner from scratch). There is also a brokerage API, automated trading, backtesting and charting.
If you are an active trader looking for the best stock scanner, Trade Ideas is the right choice. Investors and market technicians consider using TradingView or TrendSpider.
What are the Best Trade Ideas Scanner Settings?
You can customize the Trade Ideas scanner settings and screeners with your own parameters, create a scanner from scratch at any time and use over 500 filters and alert types. You can also select stock exchanges, specific stocks or create your own list of stocks to apply the screener to.
Rating: ★★★★★
