TradesAI Review – Get 15% Off With Promo Code: TRADES2024
TradesAI indicator platform provides both free and premium services, with features like trendline drawing, market structure breakouts, and order block identification.
This indicator allows the user to pick any Candle (preferably a Pivot, for better results) to draw the most relevant Trendlines from it as Origin, while keeping track of candle closes across these Trendlines to adjust or invalidate accordingly. The indicator continuously monitors and adjusts these trendlines, aiming to reduce the slope until it reaches a horizontal line, marking it as the “Final” trendline.
It allows for up to 2 Origins to be picked on a chart. Remember to pick a Bullish candle to draw Downtrends, and a Bearish candle to draw Uptrends. The algorithm will draw the most suitable Active Trendlines from those Origin points.
TradesAI stands out for its community support, education, and live signals, making it a perfect solution for those looking to thrive in financial markets.
What Makes Tradesai Unique
TradesAI goes beyond just providing basic trading indicators.What makes it special is its advanced features like Multi-timeframe order blocks and double top/double bottom + Fibonacci indicators.
The platform aims to empower traders with top-notch tools and knowledge to minimize losses and maximize profits. With a commitment to accuracy, innovation, and transparency, TradesAI aims to revolutionize how traders navigate and succeed in financial markets.
Pricing Plan
They offer a free indicator to all users to get a feel of what TradesAI can do. However to get the full benefits of the tool, you can subscribe to TradesAI on a quarterly or annual basis.
Quarterly:
- Quarterly:
- Annually:
- Crypto annually:
How to access TradesAI?
Accessing TradesAI is pretty easy. You just need to visit their website and choose the plan that suits you best. Once you’ve made your selection and got your membership, follow the prompts to link your trading accounts.
After this simple process, you’ll gain immediate access to TradesAI. If you have any trouble, you can always reach out to their support team at [email protected]. Just provide your TradingView username, and they’ll make sure you have full access in no time.
How Accurate are the Signals on TradesAI?
The accuracy of signals on TradesAI isn’t tied to a specific win rate. TradesAI offers two signal modes, Confirmation and Contrarian. Keep in mind that past performance doesn’t guarantee future results.
How Does it work?
- The indicator selects the Origin point as the initial reference for the Trendline and then identifies the immediate next candle of the same type (Bullish to Bullish or Bearish to Bearish) to establish the Trendline between the Origin candle and the newer one.
- An Uptrend forms a ray connecting two Bearish candles if the second candle has a Low higher than that of the Origin candle. Conversely, a Downtrend forms a ray connecting two Bullish candles if the second candle has a High lower than that of the Origin candle.
- Once drawn, the indicator continuously monitors and adjusts this Trendline by maintaining the Origin while changing the second point, aiming to gradually decrease the slope of the Trendline until it reaches a 0-degree angle (horizontal line), marking it as the “Final” Trendline.
- The algorithm categorizes the Trendlines into three states: Initial, Broken, and Final, based on whether the price has broken through the Trendline and closed a candle beyond it, causing a re-adjustment.
Who is it For?
TradesAI is designed for both beginners and experienced traders. The platform offers user-friendly tools with a supportive community and tutorials, making it accessible for those new to trading. For professionals, TradesAI provides advanced features and customization options.
What sets paid indicators in TradesAI apart from the free ones?
The premium indicators provide deeper customization, unique features, and comprehensive toolkits. While the free version is a good introduction, the premium indicators on TradesAI are much superior, offering advanced functionalities.
Is there a free trial for TradesAI?
Yes, TradesAI offers a free indicator, providing you with an opportunity to experience the platform’s functionality at no cost and with unlimited access. It allows you to check first hand if the platform’s tools align with your trading needs before paying.
How it Works
TradesAI works by simplifying the process of drawing trendlines on trading charts. Unlike traditional methods, it lets users pick a starting point, usually a significant candle pivot, and then automatically extends relevant trendlines from that point.
The algorithm considers various rules for each candlestick to determine valid support and resistance levels, creating what they call “Liquidity Zones.” These zones act as markers for potential market reactions.
The tool monitors these trendlines in real-time, adjusting them as the price structure changes. It comes with features like log vs. linear scale switch and the ability to show different types of trendlines.
The goal is to save time for experienced traders and help beginners avoid the learning curve associated with manually drawing trendlines between candlesticks.
Features
The most prominent features are log and linear scale. Log vs. Linear scale switch to show different trendlines. When updating the Trendlines, or deciding whether Touches/Hard Closes are met, it makes a difference. Ability to show all forms of Trendlines, Final Trendlines or just Backside Trendlines.
TradesAI comes with some more features to assist traders:
Trendline Tool:
- Simplifies drawing trendlines by allowing users to pick a starting point.
- Automatically extends relevant trendlines based on specified rules for each candlestick.
- Monitors and adjusts trendlines in real-time as market conditions change.
Log vs. Linear Scale Switch:
- Enables users to switch between log and linear scales to display different trendlines accordingly.
- Important for updating trendlines and determining whether specific criteria, such as touches or hard closes, are met.
Variety of Trendlines:
- Provides the ability to show all forms of trendlines, final trendlines, or just backside trendlines.
User Benefits:
- Benefits novice and experienced traders.
- Offers time efficiency for experienced traders.
- Helps beginners bypass the learning curve of manually drawing trendlines.
Compatibility:
- Works across all markets, including stocks, indices, forex, futures, crypto, and commodities.
- Compatible with all timeframes, making it suitable for various trading styles.
Tool Benefits
The tool helps you trade in a few ways:
Efficiency for Experienced Traders:
- Saves time for seasoned traders by automating the trendline drawing process.
- Allows experienced traders to focus on analysis rather than manual charting.
User-Friendly for Beginners:
- Reduces the learning curve for beginners in trading.
- Eliminates the need for intricate manual trendline drawing, making it more accessible.
Accurate Support and Resistance Levels:
- It considers specific rules for each candlestick to determine valid support and resistance levels.
- Creates Liquidity Zones that act as markers for potential market reactions.
Real-time Monitoring:
- Monitors trendlines in real-time, adjusting them dynamically as market conditions change.
- Ensures the relevance and accuracy of drawn trendlines.
Versatility in Trading Styles:
- Suitable for various trading styles, including scalping and swing trading.
- Provides flexibility for traders to adapt the tool to their preferred strategies.
Can it be combined with other tools
Yes, it can be paired with order blocks or market structure break levels. When used together, these tools create a more comprehensive trading strategy. The intersection of horizontal order blocks and diagonal trendlines can provide additional confluence, reinforcing the strength of trading signals. This combination allows traders to have a more holistic view of the market, helping them make well-informed decisions and potentially improving their overall success rate in trading.
Account Types
TRADESAI ELITE [PREMIUM INDICATOR]
TRADESAI ELITE is a premium indicator offered by TradesAI. It combines three powerful tools into one comprehensive package for traders. These tools include trendlines, market structure breakouts (MSB), and order blocks (OB). The indicator uses artificial intelligence to automatically recognize and extend trendlines, ensuring precision and eliminating human error.
Traders can switch between charts and timeframes, and the tool provides advanced configurations for automatically drawing, adjusting, and invalidating trendlines based on various factors like pivots, candle range, and Fibonacci levels. It is designed for both novice and experienced traders, offering time-efficiency and confidence in trading decisions.
What does Elite do differently?
TRADESAI ELITE, unlike other tools, incorporates artificial intelligence to automatically identify and extend crucial trendlines on trading charts. This automation ensures precision by considering specific rules for each candlestick, reducing the chance of human error.
ELITE swiftly adapts to changes in the market structure, switching between buying and selling zones in real-time. It offers advanced configurations, allowing traders to customize the drawing, adjustment, and invalidation of trendlines based on various factors such as pivots, candle range, and Fibonacci levels. In essence, TRADESAI ELITE leverages AI to streamline and enhance the accuracy of trendline-based trading strategies for users, making it a distinctive and powerful tool.
Features of the TradesAI Elite
The TRADESAI ELITE tool uses artificial intelligence to automatically recognize and extend trendlines from specific candles. It eliminates the need for manual drawing.
- Real-time Monitoring checks trendlines dynamically, switching between buying and selling zones as market structures change.
- Provides instant adjustments to maintain accuracy.
- Switch between charts and timeframes. Advanced configurations allow automatic drawing, adjustment, and invalidation of trendlines based on various factors like pivots, candle range, and Fibonacci levels.
- Sends alerts for the real-time formation of trendlines, keeping traders informed of potential market movements.
- Switch between log and linear scales for displaying different trendlines.
- Comprehensive Trendline Types show all forms of trendlines, final trendlines, or just backside trendlines based on user preferences.
TradesAI Free Signals [Freemium Signals Groups]
TradesAI Free Signals, often referred to as Freemium Signals Groups, offer trading setups for various assets at no cost. These signals are powered by the advanced Premium indicator and other automated algorithms in the backend servers. TradesAI Free Signals Groups are accessible on various messaging and social media platforms like Telegram, Discord, WhatsApp, Instagram, etc.
TradesAI Premium Signals [Premium Signals Groups]
TradesAI Premium Signals are hosted in Premium Signals Groups on platforms like Telegram, Discord, WhatsApp, and Instagram.
Final Word:
The indicator is designed to provide actionable visualizations and bots to help traders make informed decisions in the market. It seems to have gained attention for its ability to capture significant market moves, such as the massive Bitcoin move to $61,000, indicating its potential to assist traders in identifying profitable trading opportunities. With its focus on data-backed AI trading, the TradesAI indicator aims to streamline market analysis, allowing users to spend less time analyzing and more time taking action in the ever-changing world of trading.
