Commerce Concepts Evaluation
Ease of Use
Commerce Concepts is a standalone inventory scanning device that provides distinctive market scanners, superior evaluation instruments, and synthetic intelligence. Commerce Concepts is arguably one of many high scanning instruments out there in the marketplace proper now.
About Commerce Concepts
Commerce Concepts is among the hottest standalone scanners in the marketplace. The platform gives tons of built-in scans that discover distinctive buying and selling alternatives in real-time. Commerce-Concepts Professional (TI) is just about the end-all for anybody on the lookout for a continuous pipeline of concepts throughout the buying and selling day. It is usually versatile sufficient for customers to create their very own methods or a hybrid model that mixes the built-in methods by merely drag and drop, with out ever needing to study a coding language.
TI has advanced via the years and has turn into far more user-friendly from the get-go, permitting customers to step proper into it with out an excessive amount of rationalization. Nonetheless, each subscriber is allotted a one-on-one coaching session with a Commerce-Concepts coach to study the system totally. There are additionally a ton of movies and tutorials as properly. The software program could be accessed through browser for comfort and likewise downloaded as a standalone program for the extra hardcore customers. Let’s take a better take a look at the platform in our Commerce Concepts assessment.
Commerce Concepts Historical past
Shaped in 2002, Commerce-Concepts has advanced from only a market scanner right into a full-fledged thought technology platform, serving over 50,000 merchants in over 19 nations monitoring the U.S. and Canadian fairness markets. The platform integrates synthetic intelligence know-how to determine what works within the present markets to generate concepts that finest match predictive outcomes.
They’ve a dwell group chatroom with moderators and a bustling group of energetic merchants. Co-founder Dan Mirkin is an energetic day dealer who recurrently posts trades on Twitter and is totally in contact with the wants of merchants. In contrast to quite a lot of different scanners that tie up large assets scanning on the person’s pc, TI handles all of the processing at their information facilities and pushes the filtered inventory concepts to the end-user. That is an environment friendly and streamlined mannequin that leads to faster and extra correct scans. Strive crunching over 6,000 shares in your desktop and see how briskly it capabilities if you happen to don’t consider me.
How A lot Does Commerce Concepts Value?
The pricing is easy. Subscriptions are $99 a month (of $888 for pay as you go yearly) for the usual and $188 a month (or $1,888 12 months) for the premium package deal. The usual package deal comes with all the fundamental scanning instruments, together with the Channel bar and built-in indicators that may be custom-made together with your most popular settings. Additionally they embody charts, alerts, and high lists. All real-time information is included, as properly. The premium package deal comprises all the normal package deal device but additionally contains Superior home windows, Oddsmaker back-testing, and Synthetic Intelligence engine “Holly Grail.”
Commerce Concepts Platform Options
As talked about earlier, the platform has advanced dramatically via the years to turn into further user-friendly, particularly for the primary time person by offering a Channel bar which is a graphic tab-based menu of themes and alternatives you’ll be able to choose to begin your scans like Premarket, Trending, Penny Movers, Power, and so forth.
The graphics make the classes self-explanatory and really provides to the intuitive nature of the software program. The platform could be accessed on-line through a browser or downloaded as a standalone program. I want the standalone platform since every little thing is built-in smoother and permits for extra home windows and simpler layouts.
Commerce Concepts presents a desktop platform in addition to an online platform. The desktop platform is Home windows-only and the web-based platform can be utilized on any OS in any browser.
For the sake of our assessment, we will likely be specializing in the desktop platform, as that’s what most merchants will use. It is usually the extra highly effective possibility of the 2.
The charts are fairly primary, together with bar or candlesticks and customary indicators. It’s finest to eyeball worth motion however not far more. Frankly, it’s best to have charting in your buying and selling platform and save the display actual property for the scans.
TI has built-in methods and inventory screeners, that are the kinds of pre-configured scans that customers can then set extra parameters like minimal/most common/relative quantity, worth vary, exchanges, shares, choices, and ETFs. The methods embody Turbo Breaks, Up/Down Huge in Pre Market, Rally off of the Backside, Bullish/Bearish Candle Patterns, Down Huge Yesterday, however Up Huge At present to distinctive ones like Quick Overextended Up Transfer- Maintain for 45 Minutes 67.7% success. The probabilities of mixing methods are infinite.
These scanners are actually the star of the Commerce Concepts platform (and the explanation why so many day merchants use Commerce Concepts). Throughout our Commerce Concepts assessment, we examined out a number of pre-configured Commerce Concepts scans and constructed a number of customized scans of our personal. These go manner past the everyday inventory screener. You’ll be able to create customized alerts for a wide range of completely different buying and selling methods. Alerts are color-coded, which makes it straightforward for day merchants to identify the alerts they’re on the lookout for.
No matter your buying and selling technique, it’s best to be capable to discover a inventory screener or built-in Commerce Concepts scan that suit your wants.
The outcomes of the scans present up within the alerts window, which incorporates configurable columns that element the time, image, firm identify, technique identify, worth, change, Stocktwits exercise, quantity, and extra. You’ll be able to arrange worth alerts, quantity alerts, and far more.
Customers can scroll down the window to see the historical past of the alerts for the day.
The Oddsmaker is a novel a part of the Commerce Concepts platform that enables merchants to backtest buying and selling methods. Testing the Oddsmaker was one of many extra attention-grabbing components of our Commerce Concepts assessment. We’ve examined tons of of real-time inventory scanners, however only some of them supply technique backtesting.
The Oddsmaker function is accessible with the Premium subscription. This nifty program will visualize the possibilities of any technique inside minutes. It additionally lets you tweak entry and exit parameters to see how the possibilities are affected. This program is an effective way to optimize your methods earlier than you step right into a commerce.
Synthetic Intelligence (AI) Holly
It is a true innovation with the TI platform. Holly is the AI engine that implements 35 Lengthy/Quick methods to pick candidates with a historic success charge of 60% and a couple of:1 revenue issue to commerce. The AI engine actively stalks the market to execute these trades full with entries and exits in addition to the explanation for exits and kind of technique executed. The outcomes are up to date in real-time as customers can piggyback on the trades or simply watch and see. You’ll be able to analyze the entry and exit factors to see how the substitute intelligence engine works, or you’ll be able to merely analyze the trades to see which shares hit Holly’s radar.
Trades are reviewed in an end-of-day video weblog from the Stay Buying and selling Room Recap each day. In a single day, Holly will run over 1,000,000 simulated trades towards over 45 completely different ideas to generate essentially the most viable methods to make the most of the following morning. Holly gives a morning watchlist of the popular methods and shares she’s going to commerce for the day and gives them within the AI Methods Window for merchants to observe all through the day. Holly outperformed the S&P 500 index five-fold with a 52% return versus 10% in 2016.
The platform doesn’t present a streaming newsfeed however does present clickable headlines to information releases. This platform is finest used as a scanner for technical alerts. When you want a information platform, Benzinga Professional delivers.
Order Entry/Appropriate Brokers
Commerce Concepts integrates with E*Commerce and eSignal for in-platform order entry. Day Merchants can join their brokerage accounts and direct orders from throughout the Commerce Concepts platform. Commerce Concepts additionally connects with Interactive Brokers, which comes with the additional advantage of auto-trading capabilities (which we’ll talk about in-depth later within the assessment).
All new subscribers have the choice to schedule a one-on-one coaching session with a workers member that may information you thru the platform and reply questions. There are a ton of movies out there on their YouTube channel and tutorials on the web site. Actually, the platform shouldn’t be too exhausting to determine. Customers can learn via the definitions of every sort of technique to get an thought of what’s beneath the hood pretty rapidly.
Commerce Concepts Brokerage Plus
Commerce-Concepts launched Brokerage Plus in early 2019 as a part of the corporate’s initiative to deliver AI-powered buying and selling to retail merchants. This function was not included in our preliminary Commerce Concepts assessment, however we had been so enthusiastic about it that we got here again for an replace.
Merchants can add Brokerage Plus to their subscription for an $1100 one-time price (lifetime license). Merchants who’ve an energetic premium subscription that was began earlier than November 15, 2018, will get free entry.
The $1100 worth level is steep, however this can be probably the most revolutionary day buying and selling instruments in the marketplace proper now.
Brokerage Plus permits merchants to create, check, and automate day buying and selling methods. Whereas many buying and selling platforms supply backtesting, that is the primary time we’ve seen full automation in an easy-to-use platform for retail merchants. In fact, automating your buying and selling technique shouldn’t be easy, however Brokerage Plus can get you began.
Right here’s the way it works:
Step 1: Hook up with Your Dealer
Brokerage Plus connects on to your brokerage account, which lets you place actual trades primarily based in your automated technique. Presently, Brokerage Plus solely connects to Interactive Brokers, however the firm plans to create extra integrations within the coming 12 months.
Step 2: Create Your Scan
Step one in the direction of automating your technique is making a scan. This scan will likely be used to search out the shares that will likely be traded utilizing your technique within the subsequent step. You need to use the built-in Commerce Concepts scanners or construct a customized scan throughout the platform.
Step 3: Construct Your Technique
Brokerage Plus goals to bridge the hole between scanning for shares and day buying and selling.
Persist with me right here, as the method isn’t easy, nevertheless it’s vital to grasp earlier than you contemplate auto-trading.
When you’re aware of backtesting, that you would be able to create a scan, outline your entry/exit standards, and backtest the profitability of your technique. For instance, you would create a scan for shares breaking above their 52-week highs, outline hypothetical entries of 100 shares on the breakout worth, and set your exit worth to five% above the entry level. A backtest would check the profitability of this technique utilizing historic information. The outcomes could present that this technique yields a 5% revenue 70% of the time and a 2% loss 30% of the time. This leads to internet profitability of two.9% ((70% x 5%) – (30% x 2%)).
Merchants who use backtesting might run these simulations and select to commerce the technique manually. Brokerage Plus takes this to the following stage by providing automated buying and selling. You’ll be able to create an entry/exit technique utilizing the next standards:
- Lengthy/Quick – Select whether or not you need to open lengthy or quick trades.
- Entry Time – Select the market hours whenever you’d wish to run your technique (i.e., 9:30 AM – 12 PM)
- Place Sizing – Select your place dimension utilizing a hard and fast quantity of shares or a flat charge (i.e., 1000 shares OR $5,000 place)
- Entry Order – Select what sort of order you’d like to make use of to open a place and enter extra standards for opening positions (i.e., Open restrict order at $0.05 above the final worth for 60 seconds following the alert)
- Cease Loss – Select from a wide range of filters to create an automated cease loss (i.e., mounted worth, share, trailing cease or indicator)
- Goal – Set your revenue goal utilizing a wide range of filters ((i.e., mounted worth, share, or indicator)
- Timed Exits – You’ll be able to refine your exit plan additional by planning time-based exits (i.e., exit 60 minutes after entry, exit at market shut, and so forth.)
The success of this automation depends closely on the technique itself. The thought of earning profits on autopilot is engaging however shouldn’t be mistaken for straightforward cash. Luckily, Commerce-Concepts gives three ranges of “automation” that will help you construct a profitable technique. It’s usually in a dealer’s finest curiosity to maneuver via these ranges sequentially.
- Guide/Backtesting – That is just like the backtesting instance we mentioned above. You’ll be able to create a technique, backtest it, and place trades manually.
- Semi-Automated – Semi-automatic is the following step up. Semi-automatic buying and selling lets you execute automated methods, BUT it is advisable to be the one to tug the set off on the commerce. For instance, if Inventory $XYZ hits the scan, you would manually set off your “Purchase 5000 Shares” technique.
- Totally Automated – Totally automated buying and selling is strictly what it appears like. You create your technique, and Brokerage Plus will place trades robotically. You continue to have the choice to switch trades (i.e., tighten a cease order), however with out your interference, the technique will execute robotically.
General, Brokerage Plus is among the most fun improvements for retail merchants. We stay up for seeing the evolution of this function and can report on future updates. This function might revolutionize the best way merchants use Commerce Concepts and assist make it simpler for retail merchants to automate their methods.
Commerce Concepts is one of the best inventory scanner in the marketplace proper now. Different platforms can’t even come near the kind of distinctive intra-day scans or supply the flexibleness of mixing scans so simply as Commerce Concepts does. A lot of the built-in brokerage platform scanners are primary and clunky. Commerce Concepts presents an infinite number of pre-built scanners and customization choices.
The pre-built scanners are the star of the platform. Whereas many scanners supply customization and some primary pre-built scans, Commerce Concepts presents a set of well-crafted pre-built scans that permit merchants to begin utilizing the platform with minimal setup.
Most significantly, Commerce-Concepts does all of the processing on its servers and pushes the inventory candidates to you quite than utilizing your personal pc, which ties up assets, to not point out slows down efficiency.
Commerce Concepts additionally presents an online model in case it is advisable to entry the platform from a pc the place you don’t have the platform put in. The net platform isn’t as highly effective because the Home windows desktop platform (and a bit clunkier), however there’s positively some worth to it.
What Sort of Dealer is Commerce Concepts Finest For?
This inventory scanner is good for intra-day merchants that commerce pre-market, regular market, and post-market hours. Swing merchants may additionally discover some good concepts for short-term swings in the event that they set the time frame parameters to longer time frames. Momentum and chart-based merchants can have their palms full with the continuous circulate of concepts. The truth is, the most important downside shouldn’t be spreading oneself too skinny and hopping on too many alerts. This is applicable to all scanners. It helps to have a strong buying and selling methodology in place and use the scanner as a pure thought generator to contemplate adopting the concepts that suit your model.
In case you are an energetic momentum dealer, Commerce Concepts is unquestionably price trying out.
- The very best real-time strategy-based inventory screener in the marketplace
- Synthetic intelligence built-in technique commerce efficiency is superb
- Continuous concepts generated from pre-market via post-market
- Free moderated dwell chatroom gives extra concepts
- A lot of coaching movies and tutorials
- Customizable methods with drag and drop integration and backtesting
- Auto-trading availability
- Simple to overtrade too many concepts without delay
- Charts might use some extra indicators
- Desktop model shouldn’t be out there for Mac