Trade ideas software is an Artificial Intelligence technology that provides ideas for investments to stockbrokers. It is one of the many other stock screeners that show you possible outcomes on the movement of stocks in the financial market. They can be pre-configured to the traders’ preference for trading by means of filters and alerts. Trade ideas is one of the best tools for making trading decisions, that you might not be able to make on your own. It uses the latest technology to identify the direction or flow of the market and provide profitable strategy for traders. Trade ideas software is also highly beneficial to traders who cannot afford time to be active on the market to understand its movement as a result of their tight schedule. This software has quite a lot of functions that guarantee a high rate of successful trading. Some of these benefits include:
- Identify and Predict Strategies: this is one of the basic functions of this Software. It identifies patterns in the market that are most likely to yield profit and lets you know when to buy, sell or close a deal. By using the different investment algorithms available, the software reviews the trading and market relationship to come up with an accurate strategy that will yield profits.
- Real-Time Alerts: trade ideas work in the background to monitor real-time stock exchange and alerts you when a current trade that matches your criteria is happening. There is a platform available on the software that acts as your alert window and keeps you updated on events as they occur in real-time based on the filter you have selected. This feature also has the added advantage of allowing you add columns that have rich graphics to enhance how you view your data and also see different time frames all at once. Luckily, the filters available are numerous; you are bound to find something that suits you.
- Channels Bar: there are various options available in forms of channels to select from that will provide you with the necessary information. ‘Premarket’ channel allows you to see the market before it moves. Other market channels include, After Hours, Crypto currency, Volume and lots more. The social media channels aren’t left out as they provide information integrating both social media and trade ideas. Social media is one of the fastest ways of getting information on happenings around the world and the stock market isn’t excluded. Market data is utilized in getting to know the trending stocks and the ones most discussed. Learn more about how social media can influence stocks trading here https://www.investopedia.com/financial-edge/0212/the-power-of-social-media-influencing-trading-and-the-markets.aspx .
- OddsMaker Windows: this is a premium feature, available only to those who subscribe for it. It is a tool used to optimize risks to improve future trading strategies. The software also comes with an event-based backtesting that helps you to store the performance of entry signals, scans and trading plans over your recent history. This tool is very fast and powerful; it tests your strategies even before stepping into a trade, improves, analyzes and sends in your result almost immediately. You can then monitor your trading over a period on the equity chart.
- Artificial Intelligence: another wonderful benefit of this software is the fact that it uses AI technology for all users. The AI does the market research for you. At the end of a market day, it reviews everything that happened during trading and then splits the strategies into about 35 different concepts, already designed to help beat the market. By the next day, only strategies with a 2:1 profit factor and success rate above 60% are tabled before you. This is all done by the AI popularly known as ‘Holly’. There are currently 3 different “Holly’s” that are accessible.
- Holly (“Holly Grail”)
- Holly 2.0
- Holly Neo
Click here for a review of Trade Ideas’ Holly AI and how to use it.
- Training Sessions: a subscription to the platform affords you with an opportunity to get trained by the Staff members. The training would aid you in learning the nitty-gritty of the platform to make use of it easier for you. Free sessions are also available.
Trade Ideas software offers so many benefits that help make your trade activities easier and improve your success rate. Tracking the market on your own is not only time consuming but a really difficult task because of the millions of stock trade activities occurring in real-time. This software takes all of these off your hands and works to guarantee you with the best results. With a depth of analysis and wide coverage, trading has never been made easier!