How To Use the Trade Ideas Software To Your Advantage

Trade Ideas (TI) has been around for quite some time now and there’s no doubt that they’re one of the most sought-after trading services on the markets currently. They are behind some of the Software as a Service (SaaS) packages that have left a few tongues wagging. Using their advanced systems is, however, not always easy. For instance, you need to understand what scanner to use for the existing situations on the market. You’d also need to understand how to filter the results so you only receive alerts that meet your trading needs – and so forth.

How to Use Trading Ideas (TI)

The first thing we’d like you to know is that TI is available in two main packages. The first package is the standard package. It’s the cheapest package available from them so far. But don’t let the word “cheap” fool you. Compared to the average trading service on the market, TI’s products are significantly higher priced.
That said, one can’t help but admire TI’s ability to use advanced software services to automate the trading process and streamline the stock scanning task. Some of the goodies you can expect to find under the Standard package include:
*Streaming Trade Ideas
*More than 500 price alerts
*Channel Bar for easy navigation
*Visual trade assistant for chart based trading
*10 simultaneous charts
*Barrie Einarson’s live trading room
So, you basically can use the standard package to carry out most of your stock scanning tasks.

On to the next package, the Premium package, this is basically where all the artificial intelligence (AI) services are provided. So, if you’re looking for a platform that offers more than just the usual charting and analyses tools, you’ve got to give the premium tier a shot. Some of the highlights of this package include:

*Everything included in the Standard package
*20 simultaneous charts
*Real-time entry and exit signals
*Risk assessment services
*Artificial Intelligence (AI) assistance
*Backtesting tool
The good thing with having artificial intelligence working for you is that you can always take a break and leave the systems to study the markets for you. Truth be told, with over 3,000 stocks being traded at any given time, it’s practically impossible to keep up with the changing market needs. And that’s where the AI services come in handy.
The TI User Interface
Keep in mind that you need an active subscription to access the user interface and indeed other services that come with the TI packages.
We must admit that the TI user interface is pretty easy-to-understand. So, no matter your level of experience using such systems, you’re bound to familiarize with the entire platform within a relatively short time.
To the right-hand side of the platform is the channel bar which pretty much contains all the shortcuts you need to navigate through dozens of stocks. Some awesome shortcuts included here include:
Cryptocurrency
Minerals
Energy
Premarket
Volume
Infrastructure
Price Up Movement
Options
You simply need to click on any one of the icons appearing to your right and you’ll be re-directed to the filtered stocks as per your needs.
At the top of the channel bar are 3 shortcuts reading:
*Holly Neo
*Holly Grail
*Holly 2.0
Holly or Holly Grail is the name given to the artificial intelligence (AI) system that’s available to those who opt for the premium subscription of TI.
Basically, the button labeled Holly Grail will lead you to the original AI system which was launched in 2016. However, over time, the AI software has diversified and you can now also access Holly Neo and Holly 2.0.
Holly 2.0 is suited for a more aggressive approach to trading and speculation. It also mainly is involved in tracking down any picks that Holly might have missed.
Then there’s Holly Neo, which uses real-time developed technology to scan stocks. Best of all, all the three forms of Holly provide you with the expert recommended exit suggestions, as well as take profit and stop loss points.
The rest of the space on the TI user interface is occupied by other handy tools and charts meant to help you turn all the analytics into real and actionable stuff. We’re talking about the like of:
The oddsmaker window
Compare count windows
Chart windows
Full quote window
Top list windows
-Tips for Getting the Most Out Of TI
Once you have set up your preferred alerts, the system will alert you when it detects a potential entry point. So, all you need to do is log in to your interface and set up your trade at that point as well. Don’t wait for too long – the sooner you launch your trade after the alert bell goes, the better.
*The Suggested Stop Loss (SL)
Please note that even though the system is designed to suggest the SL point for you, you can always choose to put a lower or higher SL. We, however, wouldn’t recommend playing around too much with the stop loss feature – because as you know, this is the shield that protects your bottom line when things go down south.
*Creating a Watchlist
It’s always a good idea to create a watchlist before the markets open. This gives the scanner the time it needs to monitor the markets and filter out irrelevant stuff for you.
*The First 5 Minutes of Trading
The gapper tool is your best bet during the first 3 to 5 minutes of the market opening. As you might be aware, the stock markets tend to be highly volatile immediately the markets open as everyone scrambles for a position. This is an awesome time to make some quick wins that can cushion you for the rest of the day – and that’s why the gapping tool is so important.
*The Rest of the Day
You generally want to keep off stocks that don’t seem to have much of price action. Low volume stocks are typically less volatile and, therefore, present you with few trading opportunities. You can use the momentum scanner tool for this particular task. And if you’re looking to make an on-the-spot decision, the surging up scanner.
Basically, the surging up scanner links you up with the stocks that have the highest volumes within a span of 5 minutes.
Final Thoughts
There are countless ways to use the Trade Ideas system to make some easy cash trading stocks. One thing we’d like to note is that there’s no one-size-fits-all approach. You can always create a unique game plan and even code your own scanners all thanks to the flexibility provided by TI.

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