Business View Magazine l November 2022

127 BUSINESS VIEW MAGAZINE VOLUME 9, ISSUE 11 customers to pick veggies, to now, the software is like a bistro serving its ready-made meal. This jump in the software allows the AI to not only scan for opportunities but conduct some backtesting to determine if the stock, within the scan that produced it, combined with current market conditions, can produce a return on investment (ROI) or not. The company calls this ‘event-based backtesting’, which is their niche offering. Typically, to test stock, you take one stock a priori, apply the known indicators against it, and go back 10 to 15 years to show how it performed in a particular scenario. However, with Trade Ideas, the software reviews strategies first. Utilising this approach means testing against current and looming situations, how is a stock universe performing where price is above the 200-day moving average, relative volume is 5x its average, and a short float of X exists, with quarterly growth of Y in earnings. The Managing Partners and Tech Team at Trade Ideas, led by trading veteran and CEO Dan Mirkin, understand the need to constantly test financial scenarios to find investment opportunities. After running these scenarios, Brad Williams, Chief Operations Manager Dan Mirkin, Chief Executive Officer David Aferiat, Business Development Dave Mabe, Chief Technology Officer.jpg TRADE IDEAS