TrendSpider is an all-in-one market research and trading platform. It aims to help traders analyze markets, spot opportunities, and execute trades, all in one place.
The system brings together advanced technical analysis, automated pattern recognition, and AI-powered tools. Everything’s bundled up in a single platform, which is honestly pretty convenient.
Features
There’s a wide range of tools here for traders at any level. You get advanced chart analysis with over 200 technical indicators and automated pattern recognition.
You can analyze multiple timeframes at once. Setting up dynamic alerts that follow trendlines and price patterns is straightforward.
One thing that jumps out is TrendSpider’s real-time scanning. Traders can use multi-factor, multi-timeframe scanning to match their own strategies.
The scanner picks up chart patterns, technical conditions, and even fundamental data points. It works across thousands of assets, which is honestly impressive.
Strategy testing tools let you create and backtest trading strategies, no coding needed. The strategy tester runs tests using 50+ years of historical data.
You can tweak for slippage and trading costs, so the results feel more realistic. It’s a thoughtful touch, especially if you’re serious about backtesting.
The AI Strategy Lab is a standout feature. You can train custom machine learning models to try and predict market moves.
Creating these models doesn’t require complex code. Just use simple natural language inputs, honestly, that’s a relief.
For trade execution, TrendSpider offers alerts and trading bots that connect to over 30 brokerages. Each plan includes five free automated trades per month, with options to bump up that limit if you need more.
Every plan comes with real-time data for US equities, ETFs, forex, and crypto. You can use TrendSpider in your browser, or grab the app for iOS or Android if you prefer.
Costs
TrendSpider splits its subscriptions into four main plans:
- Standard Plan: Geared toward part-time traders and beginners
- 14-day trial for $19, then $54-$89 per month
- 5 open workspaces, 5 trading bots, 10 alerts
- 2-hour minimum timeframe for backtests and scanning
- Premium Plan: Most popular among active traders
- 14-day trial for $29, then $91-$149 per month
- 10 open workspaces, 10 trading bots, 50 alerts
- 5-minute minimum timeframe for backtests and scanning
- Enhanced Plan: For professional technical traders
- 14-day trial for $39, then $122-$199 per month
- 15 open workspaces, 50 trading bots, 100 alerts
- 1-minute minimum timeframe for backtests and scanning
- Advanced Plan: Built for algorithmic and quantitative traders
- 14-day trial for $49, then $214-$349 per month
- 20 open workspaces, 100 trading bots, 400 alerts
- 1-minute minimum timeframe across all functions
Every plan covers the core features. Higher tiers unlock more capacity and let you analyze lower timeframes.
If you go for annual payments, you get a discount compared to paying monthly. Professional traders need to pay an extra $29/month for NASDAQ exchange data, which feels a bit steep but is pretty standard in the industry.
Summary
TrendSpider brings together technical analysis, strategy testing, and AI tools in one place. It helps traders find opportunities, test out strategies, and execute trades with a lot of precision.
Automated pattern recognition, multi-timeframe analysis, and the AI Strategy Lab are probably the most valuable features. The platform can honestly replace a handful of other trading tools, which could save you money and time in the long run.
There’s a learning curve, especially if you’re new to this stuff. But TrendSpider offers training sessions and loads of support resources, so you won’t be left hanging.
For anyone looking for an all-in-one platform with advanced features, TrendSpider seems to deliver. The range of pricing tiers means it’s accessible whether you’re just starting out or already trading professionally.
Pros and Cons
Pros:
- It’s a full-featured platform, so you won’t need to juggle a bunch of different trading tools anymore.
- You can build AI-powered strategies without having to write a single line of code. That’s a relief for folks who aren’t programmers.
Cons:
- There’s a lot going on here, which can feel overwhelming if you’re just starting out.
- The price is higher than what you’d pay for a basic charting tool, so it might not be for everyone.