TradeMiner Scanner Stocks Futures & Forex Reviews
Full Review
TradeMiner is a platform that aims to increase the chances of you making successful trades. Since prior studies had showed that historical data trading gives an 80% level of accuracy.
- Contents: Historical data scanning software
- Price: $194.00
- Official Website: www.trademiner.com
The TradeMiner is a platform built to supply you the insights that can be useful in making practical investment decisions through historical data. As a matter of fact, it is solely about historical data scanning software which scours past information and from it informs you of the best decisions to take at any specified period.
By so doing, TradeMiner assumes that historical data has an effect on the future trends. Even though this may not be the case all the time, nevertheless, it can still be proven that based on the understanding gotten from the previous performance of some specific markets, there is every possibility of projecting what the future might look like.
Therefore, we won't be wrong saying that TradeMiner is a kind of platform that aims to increase the chances of you making successful trades. Since prior studies had showed that historical data trading gives an 80% level of accuracy.
The Packages
The TradeMiner is provided in 4 separate packages, with the first being the composite one which brings the other three under a tier. This composite package therefore has under its umbrella the Stocks, Futures, and Forex.
Perhaps you have already chosen an area of specialization and only need trends and Cycles from it; you're still not left alone as the good guys at TradeMiner helps you with the opportunity to choose.
How It Works
The first step to take, as much as you're interested in this platform, is to download it. And it might interest you to know that this software is compatible with majority of the operating systems we have, such as MacOs, Linux, and Windows.
Therefore, the software is there to automatically initialize the scanning of the markets in your stead, and in turn provide you with a detailed report on patterns and trends. With this, you have the quality time to focus on putting together a good strategy or rather participate in Forex forums so as to keep up with the latest chatter.
From our study, we can deduce that this particular software is there to help reduce your workload by at least 80%. This is due to the fact that it's able to scan the market and presents you with ready-mades reports.
- Quick Market Scans
The steps below are supplied to help you scan for historical seasonal trends. With it, you can adjust criteria so as to get immediate results of the historical trends. The steps include:
- Search for trends either by a specific symbol or month.
- Specify the minimum accuracy of the history (i.e. 80% historical win percentage over 10 years would signify that at least 8 out of the last 10 years should have been in line with the seasonal trend).
- Narrow or expand the trading days - This describes the duration of the number of days you will like the trend to be (for example, 15 trading days to 45 trading days means searching for trends which will last for 3 weeks to 9 weeks).
- Select the number of years to look back - With this option, you can set the minimum number of years that TradeMiner will look back for you to search historical trends.
- The filters removes any overlapping trends (i.e. the trends that commence on a day but however elapse on another days or perhaps they overlap at all).
A feature known as "Dig Now", will scan through the Historical Database, then from there specify the trends and cycles that suit your criteria.
Afterwards, the TradeMiner, in accordance to a proprietary ranking system, will rank the historical results. The system ranks the results on a scale of 0 to 5, to show the higher picks with the greatest historical gains within a short time as well as the least amount of historical risk.
- Wide Variety of Charts
Included in its functionality are the 4 different types of charts. The first, which is the most popularly used, is the historical equity graph that shows you the overall market behavior over time. Followed by the year-by-year comparison that serves as a bird's eye view of the market performance. Also, it has the historical risk vs. reward chart that comes to play whenever you desire to make on-the-spot decisions. And the fourth is the year-by-year trade that captures all the details of trades you might need so as to make actionable decisions.
Therefore, irrespective of the style of your trading, there is always an available chart that you can make use of, so as to improve your fortunes. The good news here is that these charts are user-friendly, which connote that you don't necessarily have to be a guru to understand how they can be used.
- Enhanced Filtering System
This can also be referred to as the custom search optimization tool. It helps to filter the information thereby aiding you to focus on the details that matter most. There are wide variety of filters that are included, among which are; Margin o'er contract, Volume, Pip or Tic Value, Price Range, industries and Sectors.
Meaning that if you are a big shot investor or a penny stock trader, there is possibility of filtering out the clutter. The moment that is done, automatically your search will begin to display the list of picks based on your interests. This comes in handy to help you save the time you will normally require to sift through multiple results.
Which Trader Is Trademiner Best Suited For?
Actually, this TradeMiner tends to cater for the traders that are just starting as it has a thriving education center which makes you confident to start making the moves that are profitable. Therefore, it can be concluded that this is such a great platform for anyone that desires to learn the basics and also make some bucks.
In case you're an advanced trader, there is every possibility that you may not see much value in TradeMiner. However, when you're thinking of solidifying your strategy and at the same time build your confidence, this historical scanning tool is of great importance. Especially whenever you want to double check the moves you've made so as to confirm that they are in line with the relevant historical trends.
Final Thoughts
TradingMiner may not be that perfect, however, it worth taking a closer look at. For beginners who have a tight budget and at the same time want to follow a gradual learning curve, this platform is highly recommended. In the same vein, for expert traders looking for a system to supplement their recent trading strategies, this is very helpful.
Whatever angle you're picking it from, one great way to secure your bucks is this historical scanning software.
Yes, I Want TradeMiner Scanner Stocks Futures & Forex!
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