TradeMiner Stocks Review

  • Editor Rating
  • Rated 3.5 stars
$97
  • 70%

  • TradeMiner
  • Reviewed by:
  • Published on:
  • Last modified: February 27, 2017
  • Value
    Editor: 70%
  • Quality
    Editor: 80%

TradeMiner is different from many other trading platforms because it only provides historical scanning of how individual stocks perform during different calendar dates. This platform does not provide charting services or fundamental analysis and could be a negative for many technical or fundamental traders. In addition, the one-dimensional feature of scanning historical dates for winning trades may not appeal to many traders. All in all, TraderMiner is a software that is only tailored for traders that believe history will repeat itself and base their trading decisions solely on using historical data mining.

TradeMiner is a platform that provides stocks, futures, and forex analysis using historical data. The cost is $194 per year for all three data feeds. If traders want only one of the three feeds, the cost is $97 per year. Software installation is straightforward and once membership is paid historical information for the feeds will be downloaded separately. For the purpose of this article, we chose a stock feed to test out this software.

Before we start testing TraderMiner, this software can be expected to assist traders in many ways:

  • Technical Analysis: Scan for trades and then choose the best potential trades based on their score and historical average return.
  • Watchlist Management: TradeMiner is used to monitor seasonal trades closely and when a trading trend is set to begin traders can wait for it to take off in that direction.
  • Buying pullbacks: Traders can monitor a few symbols at a time and when one goes counter to its seasonal trend initially those are the ones traders can jump on once they turn and start to move in their normal historical seasonal trend direction.
  • Short term trading: Trades who operate in short-term trades will find TradeMiner very useful for determining a long-term bias for any short-term trades.
  • Alert management: TradeMiner sends emails just before the historical season trend has begun in previous years. This makes easy to find trends to monitor while away from the software.

trademiner stocks

 

The image above is the home page of TraderMiner-Stocks.

This page operates as a scan for stocks that trend during a specific month. Traders can specify any month and customize the % times a trend is profitable and find bullish trends, bearish trends, or both. Also, traders can specify the length of the trend as well as the look back period.

 

trading opportunities

 

The scan results will be shown in the table as below:

trademiner scans trademiner max gain scans trademiner industry scans

Scanning Table Definitions

Definition of each column is as follows:

  • Add – Checked trades are in your Portfolio. Toggling the check box in this column adds or removes them from the Watch List. Double-clicking the row adds that trade to your portfolio if it was not already selected and switches to the Portfolio tab.
  • Score – A software ranking system on a scale of 5-0, with 5 being high. The score takes into account volatility of returns, average returns, percent accuracy, and drawdown. This score is the software’s way of filtering through the results and providing trends that are stronger as a higher score.
  • Trend – The direction of the entry trade, bullish (buying) bearish (selling)
  • Symbol – The symbol to buy or sell
  • Instrument – Name of the Commodity, Currency Pair, or Equity.
  • Begin (Open) – The date the trend begins, projected into this year’s calendar.
  • End (Close) – The date the trend tends to end.
  • Win % – Percentage of years that were winners.
  • Years – Number of years in the pattern.
  • Cal Days – Number of calendar days in the trade.
  • Avg Profit (% or %ROM) – The average closed profit and loss for this trade historically displayed as a percentage rate.
  • Avg Profit ($)- The average closed profit and loss for this trade historically displayed in dollars.
  • Avg Profit (Tics, Pips) – [Futures and Forex only] – The average profit displayed in tics or pips
  • Risk: Reward – Historical Risk vs Reward for the number of years the trend has existed.
  • Avg Daily Profit (% or %ROM) – Average daily profit displayed as a percentage rate.
  • Max Gain (Pips or Tics) – [Futures and Forex only] – The biggest historical single-year closed profit for the number of years the trend has existed.
  • Tic Value/Pip Value – [Futures and Forex only] – The value of the tic or pip price.
  • Quantity – How many contracts, shares, or pairs purchased. This amount is set in the user preferences.
  • Margin/Contract – [Futures and Forex only] – The price of the margin or contract price.
  • Avg Daily Profit (Tics or Pips) – [Futures and Forex only] – Average daily profit displayed in tics or pips.
  • Avg Daily Profit ($) – Average daily profit displayed in dollars.
  • Biggest Profit (Tics or Pips) – [Futures and Forex only] – The biggest historical single-year closed profit and loss for this trade displayed in tics or pips.
  • Biggest Profit (% or %ROM) – The biggest historical single-year closed profit and loss for this trade displayed as a percentage.
  • Biggest Profit ($) – The biggest historical single-year closed profit and loss for this trade.
  • Max Draw (Tics or Pips) – [Futures and Forex only] – The most the market moved against the trade historically displayed in tics or pips
  • Max Draw (% or %ROM) – The most the market moved against the trade historically displayed as a percentage rate.
  • Max Daw ($) – The most the market moved against the trade historically in dollars
  • Avg Draw (Tics or Pips) – [Futures and Forex only] – The average draw down for this trade historically displayed in tics or pips.
  • Avg Draw (% or %ROM) – The average draw down for this trade historically displayed as a percentage rate.
  • Avg Draw ($) – The average draw down for this trade historically in dollars.
  • Total Wins – Total count of winning years.
  • Total Losses – Total count of loosing years.
  • Max Gain (% or %ROM) – The biggest historical single-year closed profit for the number of years the trend has existed displayed as a percentage rate
  • Max Gain ($) – The biggest historical single-year closed profit for the number of years the trend has existed displayed in dollars
  • Trading Days – Number of trading days in the trade.
  • Total Historical Profit (% or %ROM)
  • Total Historical Profit ($) – Sum of the profit (or loss) from all the years in the pattern
  • Amount/Trade – The dollar amount traded for the displayed results.
  • Optionable – [Stocks and Futures only] – signifies if the commodity or equity Is available for options trading.
  • Group – [Futures only] – Classification of a Commodity, i.e. Grains, Metals, Energies, etc.
  • Previous Close – [Stocks only] – will display the last close price of the equity at the time of last internet connection. The Internet is required to update the close prices.
  • Sector – [Stocks only] – Classification of equities, i.e. Healthcare, Financial, Technology, etc.
  • Industry – [Stocks only] – Deeper Classification of equities

Once the list of stocks from the scan is provided, four analytical charts will appear. The first chart is for the hypothetical growth of $10,000 if the trade was taken every year. The second chart is for annual profit from the trades. The third chart is for average risk versus average reward. The last chart is for an open price, ending price, max drawdown, and profit & loss.

 

trademiner charts

trademiner aig bullish

trademiner pie charts trademiner scanning charts

Scanning Page

From the scanning page, traders can select the trades they want to take and build a watch list around those trades. Once the watch list is created, traders can build out the trades for the upcoming year by adding a trade date parameter into the calculation. In the example below, we used a five-day parameter into the trade date and calculated this year’s success rate based on historical market cycles as well as trends.

 

trademiner portfolio tab

 

The system is then able to calculate the trade’s probability of success based on market cycles and historical trades. The fourth row from the top has Hasbro Inc. being bought on Feb 24th, 2017. However, the probability of this trade becoming profitable is low based on market cycles even though historically this February trade has a 94% chance of success.

For purposes of illustration, say we selected Hasbro and would like to enter Hasbro on Feb 24th, 2017 we can add the trade the to alerts list. We highlighted the row and added the trade to Trade Alerts. From the Trade Alert tabs, we’ve set an alert that would email you a trade notification X days before the trade date. In our example, we selected 0

In our example we selected 0 days, therefore, the software will send us an email 30 minutes before the open on February 24th. We can add as many trades as we want into the Trade Alert page for the software to notify us of the trade dates.

 

trademiner trade alerts

 

Lastly, there is the Settings tab. Here trades can select the universe they want to scan. By default, the software will select all S&P 500 stocks, but one can expand their world to all active stocks, which will expand the scan from 500 to 1069 stocks.

 

trademiner settings tab

 

Thus far the software is extremely user-friendly, and the scanned results are easy to understand.

Education Center

During our testing we only reference the Education section once, to look up the definition of the proprietary scoring system. The Education section directs users to a website and has links to Education Videos, TradeMiner Manual, Featured Trading Programs, and Current Market Video Analysis.

 

trademiner education center

– Not only does this section explain how to use the software, but it also has 14 separate videos that help users use the software for different purposes.

  1. TradeMiner Introduction and Overview
  2. Search Tab – Scanning by Month
  3. Search Tab – Scanning by Symbol
  4. Search Tab – Results and Sorting
  5. Search Tab – Understanding the Charts & Graphs
  6. Setting Up User Preferences
  7. Column Options – Adding and Adjusting Columns
  8. Printing Options
  9. Portfolio Tab – Add And Remove Trades
  10. Portfolio Tab – The Neural Network Scanner
  11. Portfolio Tab – Daily Price Charts
  12. Trade Alerts Tab – Adding And Setting Up Alerts
  13. Settings Tab – Settings & Creating Custom Groups
  14. Day Trading with TradeMiner

TradeMiner Manual – This is a 36-page document that offers definitions, how-to sections, and TraderMiner trading theory.

TradeMiner

Summary: TradeMiner is different from many other trading platforms because it only provides historical scanning of how individual stocks perform during different calendar dates. This platform does not provide charting services or fundamental analysis and could be a negative for many technical or fundamental traders. In addition, the one-dimensional feature of scanning historical dates for winning trades may not appeal to many traders. All in all, TraderMiner is a software that is only tailored for traders that believe history will repeat itself and base their trading decisions solely on using historical data mining.

$97
RatingRated 3.5 stars

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