Superior merchants depend on instruments like backtesting and scanning to develop fast-paced buying and selling methods and discover worthwhile setups. Two of the most well-liked platforms to assist merchants construct methods are Commerce Concepts and TrendSpider.
Each buying and selling platforms use synthetic intelligence (AI) to search out alternatives and pace up buying and selling choices. Each additionally provide highly effective instruments for technique testing, autotrading, and extra. Nonetheless, the 2 companies are basically completely different—Commerce Concepts is before everything a inventory scanner, whereas TrendSpider is primarily a charting platform.
In our Commerce Concepts vs. TrendSpider comparability, we’ll take a more in-depth have a look at these two buying and selling platforms that will help you resolve which is healthier for you.
Commerce Concepts was based in 2003. On the time, it was one of many solely real-time inventory scanners constructed for day merchants. The platform has continued to innovate, incorporating AI into its scans and constructing dozens of ready-made inventory screens that merchants can leap into in seconds. Commerce Concepts is broadly standard amongst merchants, though the service doesn’t reveal what number of customers it has.
TrendSpider launched in 2018. It stands out for utilizing machine studying algorithms to mechanically plot trendlines, candlestick patterns, and different indicators on technical charts. Since launching, TrendSpider has added options for scanning, autotrading, backtesting, and extra. The service has greater than 10,000 customers.
Commerce Concepts and TrendSpider share many central options. Each platforms allow you to design customized buying and selling methods and backtest them utilizing historic market knowledge. Each platforms additionally embody inventory scanners and technical charts. Each platforms help brokerage integrations and allow you to automate your buying and selling technique.
Nonetheless, there are necessary variations in how these options work in follow between the 2 companies. Let’s take a more in-depth look.
One necessary distinction between Commerce Concepts and TrendSpider immediately is that they provide knowledge for various markets. Commerce Concepts solely covers shares, whereas TrendSpider helps shares, foreign exchange, cryptocurrencies, and futures. So, you should use TrendSpider to develop and backtest methods for foreign currency trading, whereas that isn’t attainable in Commerce Concepts.
Commerce Concepts and TrendSpider each provide complete lists of technical parameters that will help you construct customized buying and selling methods.
In Commerce Concepts, you’ll be able to select from a listing of parameters that embody worth and quantity modifications, technical indicator occasions, trendline crosses, and rather more to outline a method. It’s pretty straightforward to decide on the parameters that matter to you and assign them as triggers within the context of your technique.
The method for constructing a method in TrendSpider is comparable, however barely extra versatile. TrendSpider allows you to group mixtures of parameters and logicals as “scripts,” which you’ll be able to then use as constructing blocks inside a buying and selling technique. You additionally get a wider vary of technique entry and exit controls for managing your danger. For instance, you’ll be able to exit a commerce in TrendSpider in case your revenue is lower than a certain quantity after a sure variety of candles has handed.
One other key benefit of TrendSpider is that there are a lot of parameters primarily based on the platform’s AI technical evaluation capabilities. We’ll cowl these in additional element beneath, however TrendSpider’s auto-analysis allows you to construct methods round, for instance, a inventory’s worth crossing a trendline or the formation of a selected candlestick sample.
Each Commerce Concepts and TrendSpider allow you to backtest your customized methods utilizing historic knowledge. Backtesting could be very quick in each platforms and loads of the technique efficiency knowledge you get is comparable.
Nonetheless, Commerce Concepts stands out for its technique optimization view. You’ll be able to see how delicate your profitability is to every parameter in your technique and shortly optimize your technique to attain most profitability. TrendSpider allows you to instantly examine profitability for 2 variations of your technique, however it doesn’t provide an analogous sensitivity evaluation that will help you resolve which parameters to tweak. You need to experiment by trial and error.
One benefit TrendSpider has is that you may view your technique’s entry and exit factors on a technical chart. This makes it rather a lot simpler to see what’s occurring and guarantee your technique works such as you anticipate it to. Commerce Concepts doesn’t offer you a strategy to visualize your technique in motion.
Commerce Concepts is primarily a inventory scanner, so it excels at this objective. You should use any of your methods as scans and the platform is ready up so to monitor many scans without delay. You too can arrange an alerts feed to inform you about new hits from a number of scans working within the background.
Commerce Concepts additionally comes with dozens of built-in scans and dashboards, which it calls “channels.” The channels embody ready-made layouts with scans, momentum visualizations, and extra for particular methods and market sectors.
Scanning appears like a secondary characteristic in TrendSpider. The scanner is designed to function a sidebar subsequent to your technical charts and doesn’t embody color-coding or accompanying visualizations like in Commerce Concepts. You too can solely run as much as six scanners without delay. There are dozens of built-in scans, however they’re typically easier than those that Commerce Concepts comes with.
Commerce Concepts and TrendSpider each incorporate AI, however in very other ways.
Commerce Concepts has an AI nicknamed “Holly” that scans the market every night time utilizing greater than 60 completely different buying and selling methods. It makes use of backtesting to determine essentially the most worthwhile methods for the present market situations, then identifies a number of dozen commerce concepts primarily based on these methods. In the course of the subsequent buying and selling day, these concepts are offered within the type of actionable commerce indicators full with entry, exit, and cease loss situations.
TrendSpider makes use of AI to mechanically determine patterns on technical charts. You’ll be able to mechanically plot trendlines, Fibonacci retracements, candlestick patterns, and extra. Helpfully, you’ve gotten a good quantity of management over how delicate the algorithm is. You too can plot trendlines throughout a number of timeframes and think about all of them on a single chart.
TrendSpider’s computerized sample recognition is available in particularly useful when growing methods and scans. For instance, you’ll be able to construct a method primarily based on a inventory’s worth crossing an mechanically plotted trendline.
Commerce Concepts and TrendSpider each allow you to automate your technique to execute trades. Commerce Concepts provides integrations with Interactive Brokers and TradeZero. TrendSpider has a sister software program, SignalStack, that you should use to show your methods into bots and connect with most main brokers. SignalStack requires a separate subscription beginning at $27 per thirty days for 50 month-to-month executions.
Commerce Concepts prices $84 per thirty days (paid yearly) for its scanning options. In order for you AI-generated commerce indicators or brokerage integrations, you’ll have to buy a Premium subscription for $167 per thirty days.
TrendSpider begins at $20.80 per thirty days (paid yearly), however this limits you to scanning on day by day timeframes and solely allows you to view as much as 25 scan outcomes. Most merchants will want the Elite plan, which prices $24.70 per thirty days.
Commerce Concepts and TrendSpider are each excellent platforms with a ton of options to supply merchants. Which is healthier comes right down to what you want in a buying and selling platform.
For those who primarily desire a inventory scanner, we advocate Commerce Concepts. The pre-built scans are extraordinarily actionable and the platform is clearly constructed that will help you discover concepts throughout a number of methods in a fast-paced market atmosphere.
Commerce Concepts can also be an ideal possibility if you’d like ready-to-trade concepts from the Holly AI algorithm. Whereas entry to Holly is dear, these commerce concepts may help you notice worthwhile alternatives past these you discover utilizing your personal customized methods.
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Save $340 on Commerce Concepts
Use code DTR15 for 15% off Any Subscription
TrendSpider is the higher alternative for merchants who need an all-in-one charting platform, technique improvement software program, and scanner. The principle focus is on charting and technical evaluation relatively than scanning, though TrendSpider additionally does a superb job of serving to you construct and check customized methods.
TrendSpider is considerably cheaper than Commerce Concepts, which is a significant plus for merchants who’ve restricted capital. Take into account that you’ll have to pay for SignalStack as properly if you wish to automate your trades.
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Strive TrendSpider FREE for 7 Days
Among the finest options to Commerce Concepts and TrendSpider is TradingView. TradingView is an especially highly effective and customizable charting platform that additionally features a inventory scanner and technique backtesting software. It lacks the AI options of both Commerce Concepts or TrendSpider, however it’s additionally less expensive—plans begin at solely $12.95 per thirty days.
An alternative choice to contemplate is Scanz, previously generally known as EquityFeed. This can be a real-time inventory scanner constructed for merchants in the identical vein as Commerce Concepts. It’s considerably simpler to make use of than Commerce Concepts and provides a built-in information scanner in addition to Stage 2 inventory knowledge. Scanz prices $169 per thirty days.
Commerce Concepts and TrendSpider are highly effective buying and selling platforms that leverage AI that will help you discover worthwhile alternatives available in the market. Commerce Concepts is primarily targeted on inventory scanning, whereas TrendSpider covers a wider vary of belongings and provides automated technical evaluation along with scanning.
Try our full Commerce Concepts evaluation and our full TrendSpider evaluation to study extra about these platforms.
Each buying and selling platforms use synthetic intelligence (AI) to search out alternatives and pace up buying and selling choices. Each additionally provide highly effective instruments for technique testing, autotrading, and extra. Nonetheless, the 2 companies are basically completely different—Commerce Concepts is before everything a inventory scanner, whereas TrendSpider is primarily a charting platform.
In our Commerce Concepts vs. TrendSpider comparability, we’ll take a more in-depth have a look at these two buying and selling platforms that will help you resolve which is healthier for you.
About Commerce Concepts and TrendSpider
Commerce Concepts was based in 2003. On the time, it was one of many solely real-time inventory scanners constructed for day merchants. The platform has continued to innovate, incorporating AI into its scans and constructing dozens of ready-made inventory screens that merchants can leap into in seconds. Commerce Concepts is broadly standard amongst merchants, though the service doesn’t reveal what number of customers it has.
TrendSpider launched in 2018. It stands out for utilizing machine studying algorithms to mechanically plot trendlines, candlestick patterns, and different indicators on technical charts. Since launching, TrendSpider has added options for scanning, autotrading, backtesting, and extra. The service has greater than 10,000 customers.
Similarities
Commerce Concepts and TrendSpider share many central options. Each platforms allow you to design customized buying and selling methods and backtest them utilizing historic market knowledge. Each platforms additionally embody inventory scanners and technical charts. Each platforms help brokerage integrations and allow you to automate your buying and selling technique.
Nonetheless, there are necessary variations in how these options work in follow between the 2 companies. Let’s take a more in-depth look.
Commerce Concepts vs. TrendSpider: Markets
One necessary distinction between Commerce Concepts and TrendSpider immediately is that they provide knowledge for various markets. Commerce Concepts solely covers shares, whereas TrendSpider helps shares, foreign exchange, cryptocurrencies, and futures. So, you should use TrendSpider to develop and backtest methods for foreign currency trading, whereas that isn’t attainable in Commerce Concepts.
Commerce Concepts vs. TrendSpider: Technique Growth
Commerce Concepts and TrendSpider each provide complete lists of technical parameters that will help you construct customized buying and selling methods.
In Commerce Concepts, you’ll be able to select from a listing of parameters that embody worth and quantity modifications, technical indicator occasions, trendline crosses, and rather more to outline a method. It’s pretty straightforward to decide on the parameters that matter to you and assign them as triggers within the context of your technique.
The method for constructing a method in TrendSpider is comparable, however barely extra versatile. TrendSpider allows you to group mixtures of parameters and logicals as “scripts,” which you’ll be able to then use as constructing blocks inside a buying and selling technique. You additionally get a wider vary of technique entry and exit controls for managing your danger. For instance, you’ll be able to exit a commerce in TrendSpider in case your revenue is lower than a certain quantity after a sure variety of candles has handed.
One other key benefit of TrendSpider is that there are a lot of parameters primarily based on the platform’s AI technical evaluation capabilities. We’ll cowl these in additional element beneath, however TrendSpider’s auto-analysis allows you to construct methods round, for instance, a inventory’s worth crossing a trendline or the formation of a selected candlestick sample.
Commerce Concepts vs. TrendSpider: Technique Backtesting
Each Commerce Concepts and TrendSpider allow you to backtest your customized methods utilizing historic knowledge. Backtesting could be very quick in each platforms and loads of the technique efficiency knowledge you get is comparable.
Nonetheless, Commerce Concepts stands out for its technique optimization view. You’ll be able to see how delicate your profitability is to every parameter in your technique and shortly optimize your technique to attain most profitability. TrendSpider allows you to instantly examine profitability for 2 variations of your technique, however it doesn’t provide an analogous sensitivity evaluation that will help you resolve which parameters to tweak. You need to experiment by trial and error.
One benefit TrendSpider has is that you may view your technique’s entry and exit factors on a technical chart. This makes it rather a lot simpler to see what’s occurring and guarantee your technique works such as you anticipate it to. Commerce Concepts doesn’t offer you a strategy to visualize your technique in motion.
Commerce Concepts vs. TrendSpider: Scanners
Commerce Concepts is primarily a inventory scanner, so it excels at this objective. You should use any of your methods as scans and the platform is ready up so to monitor many scans without delay. You too can arrange an alerts feed to inform you about new hits from a number of scans working within the background.
Commerce Concepts additionally comes with dozens of built-in scans and dashboards, which it calls “channels.” The channels embody ready-made layouts with scans, momentum visualizations, and extra for particular methods and market sectors.
Scanning appears like a secondary characteristic in TrendSpider. The scanner is designed to function a sidebar subsequent to your technical charts and doesn’t embody color-coding or accompanying visualizations like in Commerce Concepts. You too can solely run as much as six scanners without delay. There are dozens of built-in scans, however they’re typically easier than those that Commerce Concepts comes with.
Commerce Concepts vs. TrendSpider: AI Options
Commerce Concepts and TrendSpider each incorporate AI, however in very other ways.
Commerce Concepts has an AI nicknamed “Holly” that scans the market every night time utilizing greater than 60 completely different buying and selling methods. It makes use of backtesting to determine essentially the most worthwhile methods for the present market situations, then identifies a number of dozen commerce concepts primarily based on these methods. In the course of the subsequent buying and selling day, these concepts are offered within the type of actionable commerce indicators full with entry, exit, and cease loss situations.
TrendSpider makes use of AI to mechanically determine patterns on technical charts. You’ll be able to mechanically plot trendlines, Fibonacci retracements, candlestick patterns, and extra. Helpfully, you’ve gotten a good quantity of management over how delicate the algorithm is. You too can plot trendlines throughout a number of timeframes and think about all of them on a single chart.
TrendSpider’s computerized sample recognition is available in particularly useful when growing methods and scans. For instance, you’ll be able to construct a method primarily based on a inventory’s worth crossing an mechanically plotted trendline.
Commerce Concepts vs. TrendSpider: Brokerage Integrations and Autotrading
Commerce Concepts and TrendSpider each allow you to automate your technique to execute trades. Commerce Concepts provides integrations with Interactive Brokers and TradeZero. TrendSpider has a sister software program, SignalStack, that you should use to show your methods into bots and connect with most main brokers. SignalStack requires a separate subscription beginning at $27 per thirty days for 50 month-to-month executions.
Commerce Concepts vs. TrendSpider: Pricing
Commerce Concepts prices $84 per thirty days (paid yearly) for its scanning options. In order for you AI-generated commerce indicators or brokerage integrations, you’ll have to buy a Premium subscription for $167 per thirty days.
TrendSpider begins at $20.80 per thirty days (paid yearly), however this limits you to scanning on day by day timeframes and solely allows you to view as much as 25 scan outcomes. Most merchants will want the Elite plan, which prices $24.70 per thirty days.
Which Platform Is Higher?
Commerce Concepts and TrendSpider are each excellent platforms with a ton of options to supply merchants. Which is healthier comes right down to what you want in a buying and selling platform.
For those who primarily desire a inventory scanner, we advocate Commerce Concepts. The pre-built scans are extraordinarily actionable and the platform is clearly constructed that will help you discover concepts throughout a number of methods in a fast-paced market atmosphere.
Commerce Concepts can also be an ideal possibility if you’d like ready-to-trade concepts from the Holly AI algorithm. Whereas entry to Holly is dear, these commerce concepts may help you notice worthwhile alternatives past these you discover utilizing your personal customized methods.
EXCLUSIVE DISCOUNT
Save $340 on Commerce Concepts
Use code DTR15 for 15% off Any Subscription
TrendSpider is the higher alternative for merchants who need an all-in-one charting platform, technique improvement software program, and scanner. The principle focus is on charting and technical evaluation relatively than scanning, though TrendSpider additionally does a superb job of serving to you construct and check customized methods.
TrendSpider is considerably cheaper than Commerce Concepts, which is a significant plus for merchants who’ve restricted capital. Take into account that you’ll have to pay for SignalStack as properly if you wish to automate your trades.
Particular Provide
Strive TrendSpider FREE for 7 Days
Alternate options to Commerce Concepts and TrendSpider
Among the finest options to Commerce Concepts and TrendSpider is TradingView. TradingView is an especially highly effective and customizable charting platform that additionally features a inventory scanner and technique backtesting software. It lacks the AI options of both Commerce Concepts or TrendSpider, however it’s additionally less expensive—plans begin at solely $12.95 per thirty days.
An alternative choice to contemplate is Scanz, previously generally known as EquityFeed. This can be a real-time inventory scanner constructed for merchants in the identical vein as Commerce Concepts. It’s considerably simpler to make use of than Commerce Concepts and provides a built-in information scanner in addition to Stage 2 inventory knowledge. Scanz prices $169 per thirty days.
Conclusion: Commerce Concepts vs. TrendSpider
Commerce Concepts and TrendSpider are highly effective buying and selling platforms that leverage AI that will help you discover worthwhile alternatives available in the market. Commerce Concepts is primarily targeted on inventory scanning, whereas TrendSpider covers a wider vary of belongings and provides automated technical evaluation along with scanning.
Try our full Commerce Concepts evaluation and our full TrendSpider evaluation to study extra about these platforms.