Trade Academy Scanner Review & FAQ.

What is Trade Academy Scanner ?

The Trade academy scanner is a Trading tool that screens stocks based on pre-defined algorithms for Intraday / Positional Stock Traders in India.

 

Do I need to be a Upstox client to start using The Trade Academy Scanner ?

The Trade Academy Scanner is a third party platform, Even non-upstox clients can use it.

 

Is Trade Academy Scanner RealTime Scanning Platform ?

YES. The Trade Academy Scanner is a realtime scanning platform.

 

Is Trade Academy Scanner Free ?

The Trade Academy Scanner is not FREE.  The Trade Academy Scanner is accessible only by subscription.

 

What are the subscription charges for Trade Academy Scanner ?

The monthly subscription charges for Trade Academy Scanner is 1500 p.m.

 

Is there a Trial available for The Trade Academy Scanner ?

No information regarding trial were displayed on the The Trade Academy Scanner website.

 

How many Scanner Algorithms are currently supported on Trade Academy Scanner ?

Trade Academy Scanner currently supports 5 algorithms.

 

Can I use all Algorithms in the same subscription ?

Yes. The monthly subscription includes access to all Algorithms.

 

What category of stocks does Trade Academy Scanner scan ?

Trade Academy Scanner scans through all F&O stocks.

 

Is Trade Academy Scanner built in strategies customizable ?

No. Trade Academy Scanner works on pre-defined algorithms. You cannot customize it further.

 

Are all the Algorithms used on The Trade Academy Scanner for intraday ?

A few of the algorithms used on The Trade Academy Scanner are for intraday and some for positional.

 

Are the strategies on The Trade Academy Scanner back-tested ?

YES. The strategies on The Trade Academy Scanner are back-tested.

 

Do I need to install any apps to use The Trade Academy Scanner ?

The Trade Academy Scanner is a web based platform, also dedicated Android and IOS apps are available too.

 

Does The Trade Academy Scanner work from mobile / Android ?

Yes The Trade Academy Scanner can be accessed from your mobile / Android.
You can download Android app for The Trade Academy Scanner from here.

 

Can I place Buy and Sell Orders directly from The Trade Academy Scanner ?

Yes. Buy and Sell Orders can be placed directly form The Trade Academy Scanner through your Upstox trading Account.

 

Can I Auto Trade using The Trade Academy Scanner ?

Yes. The Trade Academy Scanner supports auto-trading through the Upstox Api.

 

How much does it cost to do auto trading using The Trade Academy Scanner

The upstox api subscription cost 3500 p.m plus The Trade Academy Scanner subscription is 1500 p.m.

Total 5000 p.m to start auto trading using The Trade Academy Scanner.

 

How many stocks does The Trade Academy Scanner display under each algorithm strategy ?

Out of the many stocks that match the algorithm setup, 2 stocks are further filtered and presented to the user each day.

 

Where can I find more information on The Trade Academy Scanner ?

More information on The Trade Academy Scanner can be found here.

 

Trade Academy Scanner Review.

The Trade Academy Scanner is a new concept towards using algorithms and automated trading for Indian Retail stock traders.

This platform is useful for non experienced traders who wants to trade based on back-tested strategies. The programmers of The Trade Academy Scanner are transparent with the strategies they use on the algorithms. This makes it easier for the subscribers to analyse the setup and improve their own trading skills at the same time. Since they have made the strategies transparent, you can be sure that you are not trading on some random signals. Since you also know the strategy you can double check on charts for errors before initiating the trades.

The convenience to place Buy and Sell orders directly from the platform through your upstox trading account is productive.

For a beginner trader, some of the strategies used in the algorithm looks illogical as they are mostly counter trend.  Like shorting a gap up stock on market open and trading against the previous day’s up move,  these are setups many traders are not used to traditionally . However, The programmers have back-tested these strategies and proved they do work. Also the risk levels for each strategy are clearly defined by the programmers before initiating the trade.

From The Trade Academy forum, it was noted that the within very short time the programmers keeps modifying the algorithms by adding new conditions and naming it version 2, 3 etc. This affects the confidence of paid subscribers who wants to follow one strategy over a reasonable period of time. Hopefully the programmers will realize this and stop creating this confusion for subscribers.

The Trade Academy team have done a good job with The new Trade Academy Scanner Platform concept.

The pricing of 1500 p.m sounds reasonable. This makes it easier for anyone to try it out for a month and decide for themselves.

The Trade Academy has also started a forum for The Trade Academy Scanner users, you can read through them to explore more on this subject.

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Trade Academy Scanner Review
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