Best Trade Ideas Scanner

Best Trade Ideas Scanner Settings for Beginners

ByAnthony Rogers

Trade Ideas is a powerful tool, but if you’re new to trading or the platform itself, the hundreds of filters and layouts can feel overwhelming. The good news? You don’t need to use everything to start seeing results. In this post, we’ll walk through the best Trade Ideas Scanner settings for beginners—easy-to-follow filters and layout tips to help you spot trading opportunities faster and with confidence.

Why Simpler Settings Work Best for Beginners

As a beginner, your goal should be clarity and confidence, not complexity. Instead of loading your scanner with dozens of filters, stick with a few high-quality ones that highlight:

  • Momentum
  • Volume
  • Price movement
  • Breakouts

These are the most commonly used signals by successful day and swing traders, and Trade Ideas makes them easy to track.

Recommended Beginner Settings

Below are beginner-friendly filter combinations you can apply right away in your scanner.

📈 Momentum Stocks Setup

This setup helps you find stocks that are gaining momentum in price and volume.

  • Price Range: $5 to $50
  • Relative Volume: > 2
  • Change % (15 min): > 1.5%
  • Current Volume: > 200,000
  • Float: Under 100 million (optional)
  • Change from Open: Positive

✅ Why it works: These filters highlight stocks gaining momentum early in the session—ideal for quick setups.

📊 Gap Up Morning Strategy

Good for premarket watchlists and identifying early strength.

  • Gap % Up: > 4%
  • Price Range: $3 to $30
  • Pre-Market Volume: > 100,000
  • Change from Close: Positive
  • Relative Volume: > 1.5

✅ Why it works: Helps find gappers with volume that may continue running after the open.

🔁 Reversal Scanner (For Pullbacks)

Use this to spot stocks pulling back to key levels.

  • Change from Open: < -2%
  • Relative Volume: > 1.2
  • Price Range: $10–$50
  • RSI (5-min): < 30
  • Volume Today: > 300,000

✅ Why it works: Highlights stocks that may bounce after early selling pressure.

How to Apply These Settings in Trade Ideas

  1. Open an Alert Window → Right-click → Configure.
  2. Under Filters, add the criteria listed above.
  3. Under Columns, add:
    • Symbol
    • Price
    • Change %
    • Volume
  4. Click OK to save your scanner.
  5. Save the layout so you can reuse it daily.

Tips for Beginners Using Trade Ideas

  • Start with 1–2 scanners only. Avoid information overload.
  • Use prebuilt channels like “Premarket Movers” or “Alpha Predator.”
  • Watch the Trade Ideas YouTube tutorials for visual guidance.
  • Use Simulated Trading to test your setup without risking real money.
  • Review past alerts to understand why certain stocks moved.

Final Thoughts

You don’t need advanced AI or complex filters to begin using Trade Ideas effectively. By focusing on a few high-quality settings—based on momentum, volume, and price action—you can start spotting trade setups just like professional traders.

As you grow more confident, you can explore advanced tools like Holly AI and backtesting. But to get started, keep it simple—and stay consistent.

FAQs

Are these settings good for day trading or swing trading?
They work best for day trading but can be adjusted slightly for swing trades by using longer timeframes and lower volume thresholds.

Do I need the Premium version to use these filters?
No. These beginner settings are available in the Standard Plan of Trade Ideas.

Can I modify these filters later?
Yes. Trade Ideas is fully customizable, and you can tweak the filters as your strategy evolves.

How do I save these settings in Trade Ideas?
After configuring the alert window, click “File” > “Save Layout.” You can reload it anytime.

Can I use these scanners during premarket hours?
Yes, just make sure you’ve enabled premarket data in the settings and are using filters like “Pre-Market Volume.”