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TradeMiner Review

What if I could tell you of a stock that has risen 100% of the time, over the past 10 years, between February 3rd and February 9th? Would you want to know what that stock was?

Or, what if you wanted to know when the best time of the year was to buy Apple for swing trading between 3 and 10 trading days? I'll tell you - it's October.

That is what TradeMiner does.

TradeMiner is a software program that you download to your computer. It scans for historically profitable trends and market cycles in the past. The idea is that if a certain cycle, trend, or pattern has consistently shown up in the past, then it will likely repeat in the future.

Let's take a look at the program and I'll show you how it works.

trademiner screen shot

There are 2 tabs at the top. These are:

  1. Step 1: Mine
  2. Step 2: Portfolio

The "Mine" tab is where TradeMiner scans for stocks. You will see that I have told the program to scan for stocks with the following criteria (circled in red): Find all stocks during the month of February that win 100% of the time showing buy setups. List all trades that last at least 3 trading days but no more than 10 days. Backtest at least 10 years.

After you click the "Dig Now!" button, it lists those trades. In addition to telling you what day to buy the stock and what day to sell the stock, it gives you a lot of data about the selected trade including:

  • Calendar days
  • Years of backtesting
  • Risk to reward
  • Average daily profit
  • Maximum drawdown

Now look at the score column (circled in green). You will see a green dot with a number 5 next to it. In this screen shot there are only 5's but the scoring system actually goes from 0 to 5 with 5 being the best. What is the criteria for this score and how is it calculated? The TradeMiner score is proprietary (they don't tell you how it is calculated.) But, they do say that:

The scores three most important criteria are which markets make the most amount of money in the least amount of time, with the least amount of risk.

Pretty cool, huh?

At the bottom of the screen you will see the trade history for the selected trade (circled in blue).

You can also find trading opportunities by stock symbol:

trademiner scan by symbol

You can see that October is the best time to buy Apple according to the criteria that I entered. And it tells me the exact day to buy it and sell it. The trade history is in the bottom panel.

After you mine for trading opportunities, then you can select the stocks that you want to add to your portfolio (Step 2). This is like a watch list. From that screen, you can print out your entire list.

So that is what TradeMiner does. But...

Does TradeMiner actually work?

Yes. But you have to understand what this software program is - and what it is not.

TradeMiner is a research tool - not a trading system. You can use this tool to increase the odds of a trade but let's get real: Just because a stock followed a certain pattern in the past does not mean that it will repeat with 100% certainty in the future. If a program like that existed, no one would sell it. They would sit in a hammock in the Caribbean drinking margaritas with a laptop making millions of dollars!

This program does exactly what it says it does. If finds consistent patterns in the past and you can use those patterns to your advantage.

Here are some sample trades

Here are some sample trades generated from TradeMiner:

stock trade using TradeMiner stock trade using TradeMiner stock trade using TradeMiner stock trade using TradeMiner stock trade using TradeMiner

Remember that all of these buy and sell signals are generated by what these stocks did in the past on those dates.

My thoughts on TradeMiner

The best part about TradeMiner is that there are no monthly data subscription fees. Yeah! I hate monthly fees. Another thing I like about TradeMiner is how fast the program is. It's super fast! It only takes a few seconds to find trading opportunities.

But there are a few things I don't like.

The first thing is that there is no way to scan by price. So, for example I can't tell the program to only return stocks between, say, 10 and 40 dollars. I can sort by price, just not scan by price.

Update 2012: You can now scan by price by clicking on the settings tab and highlighting, then selecting the price range that you want to scan.

The second thing that I don't like is that it doesn't include every stock. It only includes stocks from the S&P 500, Nasdaq 100, and the Dow Industrials. Granted, that is quite a few stocks but I have tried to type in a ticker symbol and the stock that I wanted to trade wasn't listed. Also, they do not list any ETF's. They say the reason for this is because:

they are a relatively new addition to the stock market, and because of that, they dont have much history to work with.

Update 2012: TradeMiner now lists some of the most active ETF's by volume. Click on 'Exchange Traded Funds' from the drop-down menu in the settings section.

The third thing is that there are no stock charts within the program. It would be a nice feature to click a button and it show me a stock chart for the selected trade. This seems to me like an obvious feature that is missing.

How would swing traders use TradeMiner?

I think the best way for swing traders to use TradeMiner is to run a scan for the month and add all of the stocks that it returns to a watch list. Then find out the dates the stock has been profitable in the past (the buy and sell signals). On those dates, look for trading setups on the daily chart. If you find something that you like, then you might consider trading it. But I wouldn't just blindly buy or sell a stock because the program tells you to! You should buy and sell stocks based on your own trading strategy.

Here is a quote from the Q&A page:

What I like to do is use TradeMiner to help me identify a stock that has been bullish/bearish during a specific time frame, and then use that information to make technical trading decisions.

Do they offer support?

Yes. There is a really informative getting started video that explains how to use the program. They have a PDF manual, webinars, q&a page, and audio interviews. You won't have a hard time figuring out how to use the software program. It's actually very simple to use and intuitive.

TradeMiner does not offer a trial version but there is a 60 day money back guarantee. It works on a PC, Mac, or Linux and is available for stocks, futures or forex. The cost is $97 and each year they will contact you to see if you want to update the data cube.

Bottom line

TradeMiner is a great software program. It is an excellent tool to use in your trading if you use the program for what it was intended. But, if you think that you will download this program and start making millions in the stock market then you will be disappointed.

Because no software program does that.

Click here to visit the official TradeMiner website.

Craig

Beginners: Learn the Basics

Intermediate: Trading Strategy

Advanced: Swing Trading Tactics