Trade Ideas is a powerful platform that offers a wide range of tools and features for experienced traders looking to gain an edge in the market. The platform was founded by Wall street expert Dan Mirkin in 2003 and has evolved over the years from a simple stock scanner into a comprehensive idea generation platform, serving over 50,000 traders in 19 different countries.
Fast forward to 2022 and Trade Ideas is driven by artificial intelligence (AI) known as Holly. This AI has the ability to process market data far faster than any human being, and with compelling accuracy.
While we will dive more into the power of Trade Ideas AI, this is just a small sample of what Trade ideas have to offer. Other key benefits we will cover in this article include the following:
- Stock Scanning capabilities
- Back testing
- Brokerage Plus Tool
- Education Resources
The AI technology integrated into Trade Ideas is one of the platform’s standout features. The AI robo-advisor, known as Holly, uses algorithms to evaluate millions of scenarios before making recommendations. This allows users to access expertly made, advanced strategies and start implementing them in their trades.
Holly is made up of several dozen different investment algorithms that review over 1 million trading scenarios each night to arrive at a subset with the highest probability for success in the next market session. The AI splits the strategies into at least 35 different concepts, each with a different purpose designed to help Holly beat the market. Holly looks at a range of factors, including long and short positions, fundamental and technical data, volume-driven information, and more.
Trade Ideas offers three different versions of Holly AI: Holly Grail, Holly 2.0, and Holly Neo. Holly Grail is the original version of the AI, offering 50 different trading strategies. Holly 2.0 is a more aggressive trading AI, with eight different strategies available. Holly Neo focuses on trade volume, short trades, and current events, and only offers two trading strategies.
The AI system has been successful, with Trade Ideas running a test trading portfolio from January 2020 to January 2022. The portfolio began with a net value of $50,000 and grew to a value of $84,756.72 (a profit factor of 1.15) by the end of the two-year period. However, individual results may vary.
Trade Ideas offers a stock scanner that is customizable and includes pre-built scans. The scanner allows users to set up alerts for a variety of different trading strategies and offers hundreds of filters to fine-tune searches. Rather than processing data on investors’ personal computers, scans are completed at the Trade Ideas data center, which offers a superior user experience and helps traders trade more effectively by eliminating lag time. The platform also includes a tool called Market Explorer, which offers pre-built scans created by the Trade Ideas team.
Trade Ideas offers backtesting tools for users to fine-tune their strategies and test them using historical data. The Oddsmaker Tool, available to premium subscribers, enables users to back-test their strategies and see the probabilities visually. The tool also includes an equity curve to show the potential profitability of trade and allows users to adjust the parameters and see how it affects the results over different time frames. Trade Ideas also offers event-based backtesting, where users can ask questions to test their strategies and see how real-time events affect their performance.
There’s also an idea generation tool that can help you develop your own strategies from scratch; couple that with prompt feedback, and you’ll be able to correct mistakes and optimize your strategy. You don’t need any programming experience to use this tool.
These types of features allow users to see how their strategies would have performed in the past without risking any of their own assets. Which can be particularly useful for beginners who are looking to gain confidence and develop their trading skills.
Brokerage Plus Tool
Trade Ideas’ Brokerage Plus tool is a robust suite of features designed for professional traders. The tool includes a stock scanner that offers advanced scanning capabilities, allowing users to screen for multiple metrics. It also allows users to build their own trading strategies using real-time data from Holly AI. Once the strategies are built, Holly can automatically execute trades in the user’s live Interactive Brokers trading account. Brokerage Plus currently supports eTrade and Interactive Brokers, with eTrade offering manual trading and Interactive Brokers offering full automation capabilities.
Trade Ideas offers comprehensive educational resources for users, including instructional videos, daily support sessions with experienced investors, and access to a trading room with an experienced day and options trader. For subscribers, TI University offers an ever-changing library of instructional videos and trading courses for all ability levels, as well as personalized one-to-one training sessions. These resources aim to make even complex trading strategies easy to understand and offer something for everyone at any stage of their trading career.
Trade Ideas Cost
With a plethora of features designed to unlock any trader’s potential for maximum gains, it’s no surprise there is a cost associated with unlocking all Trade Ideas has to offer.
- Standard Plan – For $84/Month ($999/Year) Access the standalone platform with 10 charts, 10 price alerts, and visual trade assistance.
- Premium Plan – For $167/Month ($1,999/Year) Unlock all the benefits of AI robo-advisor Holly, Brokerage Plus, 20 charts, and 20 price alerts.
Overall, Trade Ideas is a powerful platform that offers a wide range of tools and features for experienced traders looking to gain an edge in the market. But whether you’re a beginner looking to learn the ropes or an experienced trader looking to optimize your strategy, Trade Ideas has something to offer. Click here to start taking your trading to the next level using Trade Ideas. Or check out this blog for a review on Tradingview.