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Option Alpha is a comprehensive platform designed to empower traders by providing tools for backtesting, automating, and executing trading strategies for stocks or options.

How Option Alpha can help you:

Allows for efficient backtesting of trading strategies to ensure reliability before live implementation.
Enables traders to automate their trading strategies, offering a hands-off approach to trading once setups are tested.
Supports the execution of trading strategies seamlessly from one intuitive platform.

Why choose Option Alpha: Key features

30-day free trial with no credit card required, providing risk-free access to the platform's features.
Comprehensive tools for both stock and options trading strategies.
User-friendly platform designed for traders at all levels.

Who should choose Option Alpha:

Novice traders looking to explore options trading with guided tools and no upfront cost.
Experienced traders seeking sophisticated tools for backtesting and automating their trading strategies.
Anyone interested in a comprehensive trading platform that supports both stock and options trading.

About Option Alpha

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https://join.optionalpha.com/l2uv4ghey7yl

Release Date

March 2024

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8 Best Automated Options Trading Strategies * Benzinga

Options trading is a great way to diversify your portfolio, but it takes a lot of time to look at charts and manage them yourself. Emotions can get in the way and take you away from your family, work and other life activities. What if you could get the returns from options trading without spending as much time doing research or looking at your portfolio? Automated options trading makes it possible. Artificial intelligence (AI) does the trading for you based on parameters you get to decide. This article will reveal automated options trading strategies you can use to earn from your portfolio without having to check stock prices every minute. What Is Automated Options Trading? Automated options trading, also known as algorithmic trading, does the trading for you. You won't have to worry about picking options or sticking with your exit plan. Human errors and emotions can get in the way of good returns, and automatic options trading gets rid of those elements of trading. You can step away from your portfolio knowing the algorithmic trading platform is buying and selling stock options based on your preferences. 8 Best Automated Options Trading Strategies Options traders can incorporate several strategies with their algorithmic trading platform. You can get started with these choices. Momentum Investing Momentum investors look at a stock's current direction and volume. If a stock has been rising for a few days and still has a high volume, it can signal that more gains are ahead. Investors can buy calls during bullish sentiment and buy puts when a stock looks bearish. Mean Reversion Investors following mean reversion believe that a stock will return to its average price, even if it is currently overbought or oversold. Under this philosophy, an overbought stock will fall to its mean, representing a bearish opportunity. Oversold stocks should rise back to their mean over time. While new means can get established as a stock continues moving and fundamentals can change, mean reversion is a good resource to have in your trading toolkit. Arbitrage Arbitrage seekers look for two nearly identical assets with different valuations. The trader seeks to buy several shares of the stock with a lower valuation and wait for it to reach the valuation of the stock with a higher value. Investors narrow their search to companies in the same industry with similar earnings growth, opportunities and valuations. Arbitrage is more common with forex markets, but algorithmic trading helps investors capitalize on arbitrage in the stock market. Mathematical Model Mathematical models look at historical market patterns and price movements to predict what is likely to happen in the present. Algorithmic trading platforms can help you generate these mathematical models and use them to make trades. Trend-Following Strategy Trend-following traders look at lines of resistance and support. They seize breakout opportunities in either direction and ride the current trend. If a stock breaks past a resistance line, it's bullish and can present a buying opportunity. Stocks tend to become bearish if they fall below their lines of support. Trend-following strategies rely on technical analysis to determine entry points. Synthetic Options Strategy A synthetic option mimics a long call or put while lowering risk. Traders can use synthetic calls and synthetic puts to lower risk and still capitalize on stock price movements. A synthetic call requires a trader to buy 100 shares and then buy a protective put that is in the money. A synthetic put setup requires an investor to short 100 shares and then buy a long call that is in the money. Synthetic positions protect the long position from depreciation. Some investors use synthetic options to protect themselves from short-term price fluctuations because of earnings reports and other notable events that can significantly impact the stock price. Seasonality Strategy Traders who apply seasonal strategies look at historical returns for each month and quarter to determine their positions. These traders know that September typically produces the lowest returns of the year and that the end of the year minus tax harvesting in December produces better returns. Some investors embrace the mantra of "Sell in May and go away." Stocks tend to perform worse from May to October and do well from October to May. While seasonality is one of many factors, there is historical precedent for the sell-in-May approach. Index Funds Buying index fund options is a less risky way to get started. These prices are not as volatile, and since they measure the market, you are less likely to encounter outliers. Options traders can prepare for a bearish market with put options, but some individual stocks can soar in the short term even as the indexes fall. Accuracy of Automated Options Trading Automated trading does not offer guaranteed returns. It has risks like any other investment, but these algorithms let you use backtesting to see how your criteria would perform. Backtesting lets you measure performance before you trade options and build positions. You can use backtesting and optimize your strategy to increase your accuracy with every trade. Automated Options Trading vs. Stocks and Other Commodities Automated options tend to have fewer risks since an algorithm handles the trade. An algorithm doesn't get caught up in the excitement of an earnings report or other dramatic event. An automated options trading broker fulfills your criteria and knows when to enter and exit positions based on your parameters. Trading stocks and commodities on your own makes each trade more vulnerable to emotions and human error. While automated trading can present less risk, it involves more factors. Algo trading has a learning curve, but once you become familiar with the basics, it gets easier over time. Options Trading Simplified Automated options trading is a simplified approach to getting started. You can use criteria to make investments and use backtesting to see how your parameters would have performed in the past. Having this context can help you make better decisions with your funds without spending hours in your portfolio every day.

Benzinga

Wed, 24 Jul, 2:00 PM UTC

Global broker Octa deploys an AI-based tool for traders to boost trade analysis

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 11 September 2024 - Since the first days of Artificial Intelligence's rapid expansion into various industries, the financial sector has been one of the leading adopters of these technologies. In this field, AI-driven algorithms are seeing an ever-widening variety of applications, including risk management, predictive analytics, and customer service automation. For example, according to recent research, algorithmic trading in the U.S. stock market constitutes 60-75% of total trading volume. That shows that AI-based tools have already established themselves as a crucial element of modern trading and investing platforms. The experts at Octa, a globally recognised financial broker, summarise the current market landscape for AI-based trading tools. Building on that, they present the results of a traders' survey showcasing the importance of generating lessons learned from one's trading sessions and look at OctaVision, a new AI-based alternative to traditional analysis methods. As governments and businesses exponentially increase their spending on AI research and adoption, AI-based solutions rise in popularity worldwide. However, the optimal practices and approaches to using AI-based technologies are yet to be decided, as AI adoption shows varying scale and efficiency in different sectors. Applications of AI in trading In trading, a field where AI-based technologies are becoming increasingly popular, prediction and analysis go hand in hand. For many retail traders, assessing their previous orders is one of the main prerequisites for improving their decision-making skills. According to Kar Yong Ang, a financial market analyst for an international broker Octa, AI has already gained a solid foothold in trading: deep learning frameworks generate market signals, dedicated bots allow traders to automate order execution, and AI-based solutions support them in developing and backtesting their trading strategies. 'Even though various AI- and ML-based tools are already used for trading on financial markets, the broader adoption of these technologies in trading is yet to come as many traders prefer to fall back on less advanced approaches, missing out on this opportunity', Kar Yong Ang said. Assessing one's trades: a way to improve trading results Octa has conducted research to gauge traders' attitudes towards reviewing their trades. Out of 821 respondents, 85% marked this self-assessment as necessary, while 70% already practise it regularly. One out of three survey participants said they analysed their past trades using third-party services instead of within the trading platform. More than half don't use any dedicated analytical tools at all, making do with manual research. Only a few traders are lucky enough to have a trusted mentor who can break down their sessions and provide constructive, impartial feedback, allowing them to improve by not repeating the same mistakes. To address this pressing issue, Octa recently launched a new feature built into its proprietary trading platform, OctaTrader. From now on, OctaTrader clients can analyse their order history with OctaVision. This embedded AI-based toolkit offers personalised recommendations and allows traders to level up their decision-making skills with each session. OctaVision: an AI-based recommendation engine as a mentor Created as a balanced combination of human expertise and AI's data-processing prowess, OctaVision allows to analyse an individual closed order or a whole trading session in bulk. While OctaVision uses a built-in AI engine to create data-driven unbiased recommendations, it is also anchored in extensive market knowledge of Octa's expert traders who oversaw the development and content creation process, double-checking each outcome against their hands-on experience. As a detailed and personalised source of trading feedback, OctaVision is indispensable as an objective, impersonal mentor who helps hone trading skills step by step. OctaVision uses plain language to point out strengths and weaknesses in decisions, substantiating the assessment with statistics while providing personalised, actionable advice. OctaVision has already been deployed for all of OctaTrader's clients in all regions. The toolkit generates recommendations in English and is currently available for the trading platform's desktop version. OctaTrader currently offers two proprietary embedded toolkits that empower traders and help them achieve consistent results. While an analytical hub called Space provides timely market insights and serves as a decision-making support mechanism, the recently introduced OctaVision plays the role of an AI-powered digital mentor, boosting traders' ability to analyse their past trades and delivering the lessons learned in a concise, result-oriented manner. Hashtag: #Octa The issuer is solely responsible for the content of this announcement. Octa is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services used by clients from 180 countries who have opened more than 52 million trading accounts. To help its clients reach their investment goals, Octa offers free educational webinars, articles, and analytical tools. The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities. In the APAC region, Octa received the 'Best Trading Platform Malaysia 2024' and the 'Most Reliable Broker Asia 2023' awards from Brands and Business Magazine and International Global Forex Awards, respectively. Octa

ZAWYA

Wed, 11 Sept, 4:04 AM UTC

Octa Broker: A Bridge To International Markets For Traders In South Asia And Beyond

Enter your email to get Benzinga's ultimate morning update: The PreMarket Activity Newsletter When it comes to online trading, your profits depend on the platform you use and the range of assets you can trade. If you are resigned to trading equities or bonds, your ability to make money will be limited. However, when your online trading platform provides access to a diverse array of global markets, trading instruments and tools -- you've powered up your trading game. If that's what you are after, online global brokers like Octa cater to the needs of both beginner and intermediate traders. With comprehensive desktop and mobile apps, investors can trade currency pairs, indices, commodities and derivatives right from their couch. To do so, investors don't need substantial sums in their bank accounts or a degree in finance. Whether they have been trading for years or are just starting, all they have to do is log in, fund their account and start trading. Technology's Role In Global Access Technology levels the investment playing field and increases access for regular traders. With intuitive apps and abundant educational content online, traders now get real-time access to global markets and multiple asset classes while making more informed and profitable trading decisions. Executing trades and testing ideas is easier, faster and more efficient than ever. Beyond making trading more accessible for millions of investors worldwide, technology has also allowed investors to lower their entry price points and made trading more transparent. Many aspects of trading became automated, which enabled online brokers to lower their commissions and fees. To learn more about how Octa is empowering its traders in Southeast Asia click here. Making Trading Smarter It doesn't end there. Online brokers like Octa are leveraging AI and other advanced technology to churn out smarter trading and analysis tools for customers. Octa's pattern recognition trading tool is a good example. The tool launched last year automatically searches for technical analysis patterns using a large dataset of expert-curated content and AI-powered models that pick relevant figures from historical data. Once displayed on the AI Pattern Recognition tool screen, the patterns can then be transferred to the user's trading chart in a couple of clicks. The AI Pattern Recognition tool comes in handy for those trading on faster timeframes, empowering speedy, efficient decision-making and reducing cognitive load. Technology also enables online brokers to offer robust trading platforms that are secure, have little in the way of downtime and can handle nearly real-time execution of trades. To prevent breaches, advanced brokers like Octa leverage technology to protect their platforms and clients. Take multi-factor authentication, for example. Anytime you log into your Octa account, you'll need to confirm your identity with a password, but access will be granted only after taking an extra step, like entering the confirmation code sent by email. This prevents hackers or scammers from infiltrating your account. Ensuring software is updated is another way Octa works to keep hackers out. If there are no security holes, there's no way in. Knowledge Is Power Beyond providing traders with a secure and robust online platform, the standout brokers are the ones that provide high-end tools and education. That's certainly true at Octa, which places a big emphasis on learning. Some of its offerings include providing customers with access to webinars, easy-to-read illustrated user guides, trading tutorials and more. Octa also lets traders backtest ideas with free demo accounts and get access to expert advice so traders can learn from others' experiences. The more traders study, the quicker they will overcome the learning curve and make a profit. CFD trading - which is a way to speculate on an asset's price without owning it - often comes with a high failure rate. Octa tries to prevent that with its robust assortment of education, training and tools. In addition to all that, Octa prides itself on offering dependable, highly responsive and multilingual customer support via multiple channels, including live chat and email. Traders can get help 24/7 via live chat in several languages including English, Hindi, Urdu, Indonesian and Malay. The broker also provides a comprehensive FAQ section on its website, offering detailed information on common queries regarding trading, account management, deposits and withdrawals. It also ensures transparency in trading conditions, clearly stating its terms online. There are no hidden fees or rules buried in the fine print either. You always know how much you pay and what you are getting out of it. If an online broker can't give you that level of transparency, it should raise a red flag. Thanks to advanced online brokerages that leverage technology to level the playing field and empower traders worldwide, online trading of stocks, CFDs, digital tokens and a dizzying array of other financial instruments has become easier. The brokers that stand out tend to be extremely transparent, openly reflecting the terms and conditions in a manner traders can understand. You get that and more with Octa. To learn more about Octa's approach to online trading, click here. Featured photo by Tech Daily on Unsplash. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Market News and Data brought to you by Benzinga APIs

Benzinga

Fri, 14 Mar, 2:17 PM UTC

Navigating Premium: Key Features + New AI-Powered Tools

Seeking Alpha's Premium subscription offers homepage customization to focus your investment strategies, leverage AI functionalities, and comparison features to analyze stock performance. Enjoy enhanced features for your investment needs today. Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Seeking Alpha

Fri, 11 Apr, 10:02 PM UTC

Top Technical Analysis Tools for Traders

A vital part of a trader's success, especially those who trade frequently, is the ability to evaluate patterns in trading data. Technical analysis techniques can remove emotion from a trading decision. Technical analysis systems generate buy and sell indicators and help locate new trading opportunities. With the improvements in software and the speed of accessing millions of data points over the past 15 years, technical analysis tools are available to all online traders. Most of the better sites that offer technical analysis tools also guide new traders toward a fundamental understanding of the core concepts. Some of these resources are free or included in a broker's platform while others charge a fee. We'll take a look at technical analysis tools built into brokers' offerings and some standalone resources. Brokers Offering Technical Analysis Tools Several of the brokers listed below utilize Trading Central, a third-party provider. A Canadian-based company, Trading Central provides excellent technical analysis tools that many brokers have integrated into their frequent trader platforms. Trading Central's tools automatically analyze price action to identify and interpret classic chart patterns and other critical conditions based on accepted practices of technical analysis. These Technical Event notifications give traders insight into the strengths and weaknesses of stocks under consideration. These tools cannot be accessed by individual investors outside brokerage platforms, but you will find their technology built into quite a few active trader sites. Ally Invest Ally Invest's brokerage platform includes a stock screener that is powered by Trading Central. You can read Investopedia's review of Ally Invest. Charles Schwab Charles Schwab's frequent trader platform, StreetSmart Edge, offers Screener Plus, which uses real-time streaming data, allowing clients to filter stocks and ETFs based on a range of fundamental and technical criteria, including technical signals from Trading Central (Recognia). Traders can set the parameters that are most important to them and then integrate Screener Plus results with their pre-defined watch lists. StreetSmart Edge's customizable charts incorporate Trading Central (Recognia) pattern recognition tools. Charting on mobile devices includes quite a few technical analysis indicators, though there are no drawing tools. On Power E*TRADE, the firm's active trader platform, the Live Action scanner has over 100 pre-defined screens that scan the market in real time on live prices and live analytical metrics based on technical, fundamental, earnings, sentiment, and news events. The Oscillator scans built into Live Action help uncover overbought or oversold stocks and explore additional opportunities for a client's portfolio. Many of these built-in screens are unique to the Power E*TRADE platform. The Recognia scanner lets you scan stocks based on technical events or patterns and set alerts when new criteria are met. You can use the paper trading capabilities of Power E*TRADE to test out your technical trading system. You can read Investopedia's review of E*TRADE to learn more. Fidelity Investments Fidelity offers Active Trader Pro, a downloadable trading interface with a deeper feature set than is available through the website. Active Trader Pro provides customizable charting functions and trade tools upfront. The software can alert you to technical signals in stocks you are following and provide alerts on open positions. Fidelity's web-based charting has integrated technical patterns and events provided by Trading Central. The advanced charting on the web offers the ability to see 30 days of intraday data, extended hours data, and more than 60 fully customizable technical indicators. The Fidelity Learning Center's content, which includes articles, videos, webinars, infographics, and recorded webinars, includes a focus on technical analysis. Fidelity also offers weekly online coaching sessions, which clients can attend with a small group to have in-depth discussions around options and technical analysis. Interactive Brokers Extensively customizable charting is offered on all of Interactive Brokers' platforms and includes over 100 indicators and real-time streaming data. Trader Workstation (TWS), IB's flagship trading platform, contains advanced technical analysis tools with over 120 indicators. There's a demo version of TWS available that allows traders to learn how the platform works and to test trading scenarios. In addition, it's possible to attach a third-party analytics platform to your IBKR account. You can search a full list of vendors at the Investors Marketplace. Learn more about the brokerage by reading Investopedia's review. Lightspeed Intended for very frequent traders, Lightspeed's flagship platform, a downloadable program called Lightspeed Trader, has a highly customizable live market scanner called LightScan, which can help you screen for current trading opportunities. LightScan searches the entire universe of stocks to display symbols sorted and filtered based on your preferences. There are over 100 possible criteria to search, which can be combined. The flagship platform has customizable charting. There's a demo version of the platform available for those who want a test drive. Investopedia's review of Lightspeed goes into more detail. TradeStation Technical analysis and statistical modeling of trading strategies is a key strength of the TradeStation platform. The brokerage grew out of technical analysis software development firm Omega Research, so technical analysis is in its DNA. The downloadable TradeStation 10 platform offers incredible charting capability based on tick data. Automated technical analysis is built into the charting package, displaying technical patterns on the charts as they form. Web charting capabilities closely match TradeStation 10, including a new toolbar with access to adjust time frames, drawing tools, sessions, and styles. This is one of the best charting applications available from any broker, and it is especially notable for how well it is integrated with TradeStation's order management system. TradeStation users can also create and backtest a trading system based on technical events. TradeStation's trading simulator has all the tools you'll find on TradeStation 10 and includes a large historical database for backtesting strategies. You can read Investopedia's review of TradeStation to learn more. Tradier Tradier is an interesting beast, offering a brokerage account management system, a trading engine, and some market data. Account settings and market data are based in the cloud, so customers can log into and trade from any of Tradier's developer partners. They also offer a downloadable version for your desktop. Using an application programming interface (API), front-end designers can launch their own trading platforms, mobile apps, algorithmic trading systems, or other customized features for their customers. The ability to attach a third-party platform to one's online brokerage account isn't new -- quite a few of the brokers mentioned above can do it too -- but Tradier is the first broker to make it the center of its business model. We will note in the next section whether a standalone technical analysis site can be bolted onto Tradier's brokerage management platform, enabling transactions while using analytical tools. ESignal is one of the venerable names in technical analysis. The current version, eSignal 12, is a downloadable Windows-based software package offering technical analysis studies, backtesting of trading strategies, customizable charting, and data from global exchanges. Via an API, users can trade with several dozen brokers, including Tradier and Interactive Brokers. It's pricey though: the Classic version, which uses 15-minute delayed data, is $64 per month. Its Signature version, which runs on real-time data and offers a host of advanced features, is $216 per month. The Elite version costs $440 per month. MarketGear from iVest+ Market Gear's charting capabilities allow you to analyze customizable indicators, view your trades, draw permanent trendlines, review past trades, and select from an array of time frames. The scanner lets you sort through over 100 customizable technical indicators to find trading opportunities based on technical data. Write as many scans as you want and set your favorites for quick access. Market Gear connects through APIs to E*TRADE, ChoiceTrade, and Ally Invest. Pricing starts at $75 per month. MetaStock MetaStock is another one of the longtime players in the technical analysis industry, having been founded in the late 1980s. There are several versions of the software available; the most useful for frequent traders is MetaStock R/T which utilizes real-time trading data from your choice of exchanges. It includes over 150 indicators and line studies plus indicator interpretations that help you understand how to trade each indicator. For advanced users, The Indicator Builder lets you write your own indicators. You can build and backtest trading strategies on your own or work through the strategies that are included in the package. MetaStock can identify dozens of candle patterns on a chart, giving you advice on how to interpret and use them. A Metastock R/T subscription is $100/month; data feeds are additional. MetaStock connects via an API to online brokers. NinjaTrader NinjaTrader offers a trading environment that you can use to build, test, and simulate a trading system for equities, forex, and futures before investing real money in a live market. NinjaTrader itself is free to use for advanced charting, backtesting, and trade simulation, but there are fees for some indicators built by third-party developers. You'll find 100+ technical indicators in the basic package, plus fundamentals, charting, trade journaling, and research tools. Via an API, you can bolt NinjaTrader onto Interactive Brokers, FXCM, and others, or trade using NinjaTrader's own brokerage service. Slope of Hope Slope of Hope was founded in 2005 after creator and perma-bear Tim Knight sold his charting site, Prophet.net, to TD Ameritrade, to share charts and trading experiences with a few of his fans. It is now a destination for technical analysis, trading ideas, charts, and discussions with traders of all stripes. Many of the features, including a very powerful technical charting package, are free to use and rival the capabilities of much more expensive sites. A key feature of SlopeCharts is SlopeRules, which lets you create and test a trading system using technical rules. Drag and drop the rules you'd like to use on a chart and test them, then set up an alert to let you know when the conditions have been met. An integrated virtual trading system is available that starts off with $100,000 in a trading account to help you learn how to hone your trading skills. Options traders will find some terrific analytical tools. Premium membership levels ($19.95 per month to $79.50 per month) offer access to additional data, powerful options analysis, and access to exclusive trading ideas. Slope has launched native mobile apps for iOS and Android devices, allowing access to all posts and a subset of the tools from the website. StockCharts StockCharts allows you to create intraday, daily, weekly, monthly, quarterly, and yearly price charts, point & figure charts, seasonality charts, relative rotation graphs, and more. You can have 10 different ticker symbols on the same chart, and real-time data coverage for a number of cryptocurrencies, including Bitcoin, Ethereum, XRP, Litecoin, and Bitcoin Cash. The ability to do technical analysis on cryptocurrencies is relatively unique. You can use a limited set of features for free; monthly subscription plans that allow additional technical studies and more historical data range from $19.95-$49.95. TC2000 TC2000 is also a venerable name in the technical analysis world and was formerly known as TeleChart. Version 20 has Windows, Mac, mobile, and web platforms available, plus you can connect directly to Interactive Brokers to place trades through TC2000 Brokerage. TC2000 combines charting, stock and option screening, and trading features, and you can use the practice version for free. You'll need the Gold or Platinum level subscription ($29.99-$59.99 per month) to use the scanners; Platinum subscriptions allow you to scan the market for specific conditions on any date that has available data, just to get an idea of how well a custom indicator you may be building will work. Data feeds incur additional charges. Ticker Tocker Ticker Tocker, launched in 2018, offers users a wide variety of trading services, including education, research, and automated trading resources. You can follow other members who are signed in as Leaders or use the strategy creation tools to generate your own trading system. You can backtest the strategies you've created with historical data to see how they would have performed. The built-in charting system allows you to overlay price charts with technical indicators. The site also includes Ticker Tocker's in-platform and syndicated trading TV channel, Ticker Tocker TV. The platform is compatible with Interactive Brokers, E*TRADE, Tradier, Fidelity Investments, and TradeStation. You can join and use many of the features at no charge, though there are fees for premium services and access to experts. Trade Ideas Trade Ideas, launched in 2003, counts among its subscribers investors, traders, and market professionals. The system has 310 alerts and 243 filters that include technical, social media, and other non-structured data sets and identifies short-term and swing trading opportunities. Subscribers can also create their own formulas as indicators and build custom, dynamically updating watch lists and real-time alerts. These trading systems can then be back-tested and traded in a simulated trading environment. Premium plan subscribers with connected Interactive Brokers accounts can send live trades via the Trade Ideas platform, which links with most trading and charting platforms. The majority of Trade Ideas subscribers now leverage TI's HOLLY AI, an artificially intelligent trading assistant, to identify trades derived from continually optimized strategies that demonstrate a consistent performance edge in the market. Trade Ideas is downloadable to Windows platforms and also offers a web version for access on any device. A standard subscription is $89 per month ($1,068 per year), while the premium services are $178 per month ($2,136 per year). TradingView TradingView has over 100 indicators combined with intelligent drawing tools that cover global stocks, currencies, and cryptocurrencies. The proprietary Pine Script language lets you change existing indicators or create anything from scratch. The public script library contains thousands of scripts published by other TradingView members. You can use a limited set of features for free; subscriptions with access to additional features and data are $12.95-$49.95 per month. There's a paper trading system built-in, or you can link TradingView to a brokerage account with several brokers, including TradeStation. TrendSpider Founded in 2016, TrendSpider has an impressive array of technical analysis tools designed to help you find, plan, and time your trades with greater efficiency and precision. You can generate dynamic watch lists using the Market Scanner, which can search across time frames ranging from 1 minute to 1 month. There are several dozen scanners built-in, or you can design your own. Real-time market data and 20+ years of historical data are included at no extra charge. The platform is web-based, with your customizations stored in the cloud. The charting package includes the ability to backtest (for Advanced and Elite customers) the strategies you've created. Subscriptions range from $53.50 to $223.50 per month (using discounts for prepaid annual plans); if you pay monthly, you'll pay twice as much.

Investopedia

Fri, 9 Aug, 2:10 AM UTC

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