If you’re a trader or thinking about becoming a trader you’ve probably looking for the best trading tool to dramatically increase your returns. This is exactly what Trade Ideas Pro, promises to help do.
It comes with industry leading cutting-edge features including real-time data, trading automation, extensive market coverage, and professional-level algorithms.
We’re going to cover some of the reasons you might want to use Trade Ideas Pro, but if you’re looking for a more in-depth look you might want to check out those this article looking if Trade Ideas Pro worth it.
Who and what is Holly?
Holly is the artificial intelligence that is built to make you a better trader. It does this by providing statistically weighted entry and exit signals. Basically, it tells you what it thinks are the best times to buy and sell. It’s a powerful artificial intelligence engine that can give you an edge in real time trading.
These signals are backed by artificial intelligence (AI) algorithms that look at patterns in past price movements and give you the best chance of success. However, they do not promise success, as past performance is not indicative of future performance.
That being said, Holly AI has consistently outperformed the S&P 500 over the past few years.
The AI-based features are only included in the pro package making it one of the selling points.
Auto trade with brokerage plus and AI
Holly AI is further improved upon through the fact that Trade Ideas Pro includes an automatic exchange. That means that you don’t need to swap between Trade Ideas and your brokerage platform. Instead, you’re able to do everything from your Trade Ideas interface.
Trade Ideas acts as your control center, connecting Trade Ideas to your brokerage platform allowing you to place orders with a single click.
On top of that you’re able to automate your trading. But you don’t have to only follow Holly AI’s decision for automating trading, you can use your own personal trading style and strategies. Though it is worth repeating that the platforms AI-based strategies have outperformed the market consistently.
That being said you can test both strategies with their real-time simulated trading feature. Giving you the ability to figure out what works best before making a decision.
Just like Holly AI this feature is exclusive to pro plan subscribers only and is really tailored for active day traders.
OddsMaker is Trade Ideas Pro back testing engine. It lets you back test your strategies without having to know any coding.
OddsMaker is loaded with strong functionalities to take your back testing to a higher level. this includes showing how your strategy would have performed on a calendar view along with exporting every single trade with entry and exit price. Yes, every trade, so you’re given limitless possibilities of testing.
But again, this is a pro only feature.
Trade Ideas Pro comes in at $228 per month making it quite expensive. You can reduce this down to $167 per month if you bill annually, which is still expensive, but less so. However, when factoring in Holly AI, the back testing capabilities, access 20 charts, 20 price alerts, and real-time simulated trading, it definitely worth the price for an active trader.
How does it compare to the standard platform?
The Trade Ideas Standard plan is nothing to scoff at, despite the fact that it does not provide as many features as the premium subscription. The Standard membership can be purchased with a monthly or annual subscription. You will pay $118 per month for this membership on a month-to-month basis. Fortunately, you can save money on these charges by signing up for an entire year for $999, or $84 per month.
Stock screeners, real-time trade ideas, real-time simulated trades, price alerts, and access to the live trading room are just a few of the many features that the standard plan offers to active day traders.
Additionally, you’ll get access to a Chart-Based Visual Trade Assistant. Although it’s important to remember that this Trade Assistant does not really compare to Holly AI in terms of output and performance. It will however, give you some unique trading opportunities that you may have missed.
If you’re an experienced trader who prefer to manage their own funds, this plan has a lot of tools that could be extremely beneficial. But if you’re a newer trader or part time trader and you want to use AI integration with Brokerage Plus you’ll will have to go with the pro plan.
Trade Ideas is a high-level tool for better understanding the market. It combines tried-and-true stock scanning techniques with artificial intelligence to provide you with the best insights and offers a variety of advanced analytical tools.
It can be pricey if you’re just starting out in trading, however, it does show consistent returns to its adopters, especially those who use the pro plan.
If you’re interested in learning more about the platform as a whole you can check out this article which is a Trade Ideas review, or if you want a more in-depth look at their more basic features, there is this article that goes over Trade Ideas Stock Screener.