Trading Widget - TrendSpider (2024)

FAQs

Is TrendSpider better than TradingView? ›

TradingView is best if you want advanced charting tools for the best price, while Trendspider is best for those looking for additional features like automated technical analysis and more charts per layout. You can get a TradingView free trial and 25% off TrendSpider when you use my affiliate links.

On the whole, TrendSpider feedback skews very positive, earning it a reputable 4.5 out of 5 average user rating across review platforms. Both beginners and advanced traders widely praise its automated analysis capabilities - which set it apart from competitors like Thinkorswim or TradingView.

TrendSpider is an extensive platform which can help you with your market research and analysis. However, TrendSpider, on its own can not place orders in your brokerage account. That's where the SignalStack integration comes in. SignalStack is an order router developed by TrendSpider as a separate product.

TrendSpider's Strategy Tester offers a robust and user-friendly platform for backtesting trading strategies. With its customization options, data integration, and comprehensive performance analysis, it can be a valuable tool for traders looking to evaluate and refine their trading approaches effectively.

We've introduced three most comprehensive packages (Expert, Elite and Ultimate) designed specifically for Professional (Commercial) traders.

One of the most profound impacts of AI in stock trading is the introduction of trading bots. These bots can process information and make trading decisions much faster than humans, often resulting in increased profitability.

The best overall TradingView alternative is eToro. Other similar apps like TradingView are MetaTrader 5, Binance Broker, E*Trade Web Platform, and Kite. TradingView alternatives can be found in Financial Analytics Software but may also be in Brokerage Trading Platforms or Investor Relationship Management Software.

Dan Ushman is the founder and CEO of TrendSpider.

Trend Trading and Risk Management

When buying trending instruments, there is a high probability that your position could reverse and hit it's stop loss before turning into a major trend. So the win rate of a typical trend following system is between 30-50%.

TrendSpider provides free, complimentary high-quality market data to Non-Pro investors for all US Equities, US ETFs, US Futures, US Indexes (Delayed), OTC Stocks (Delayed), Global Cryptocurrencies, Global Foreign Exchange (FOREX). Professional data feeds require exchange fees.

What is the best stock trading software? ›

MetaTrader 4 (MT4) is the best stock market software for automated trading. Launched in 2005, MT4 is used by millions of traders worldwide. The software is supported by hundreds of online brokers. Users simply need to log into MT4 with their brokerage credentials.

Aim for at least 200 trades in your backtest, but 500-600 offers even greater reliability for informed decision-making. Beware of "Data Fatigue": Excessively long backtests can mislead you by including drastically different market regimes.

The best overall TradingView alternative is eToro. Other similar apps like TradingView are MetaTrader 5, Binance Broker, E*Trade Web Platform, and Kite. TradingView alternatives can be found in Financial Analytics Software but may also be in Brokerage Trading Platforms or Investor Relationship Management Software.

Best TradingView Indicators: Bollinger Bands. Bollinger Bands are essential for understanding and navigating market volatility in futures trading. Bollinger Bands, when used through TradingView on the Optimus Futures platform, are indispensable for understanding and navigating market volatility in futures trading.

The Verdict: TradingView Pro+ Takes the Lead

The Bottom Line: Yes, TradingView Pro is worth it (though I recommend you use TradingView Pro+, more on that later). TradingView emerges as the top charting platform in 2024, excelling in features, speed, ease-of-use, coverage, reliability, and affordability.