With eQ, Capital.com’s patented AI trade bias detection system, you can now better understand your trading weaknesses to help you make smarter decisions in the future
Imagine if you could trade in an environment where you are devoid of all irrational emotions and fear.
Imagine how vastly your decision making would improve with the assistance of an artificially intelligent platform that analyses your trading behaviour, pinpoints your biases and fires off flares when it notices lapses in discipline.
That’s where we come in.
Today we’re delighted to launch eQ to everyone. eQ is the first system of its kind designed to help you trade smarter. The patented technology detects 35 behavioural patterns, like overconfidence or loss aversion, that commonly affect your trading behaviour. Its purpose? To help you keep more of what you earn – and for longer.
eQ combines several metrics – including recent overall trade performance, the efficiency of your stop-losses and take-profits and even information about the sorts of articles you read in the Capital.com News Feed – to provide you with personalised feedback, tips and post-trade performance breakdowns that will help you to make more informed and risk-aware trading decisions in the future.
The best part? eQ does all of this silently (some might say ‘magically’) in the background.
Does eQ work?
Very simply: yes. And we’ve done some research to prove it.
We launched eQ at the end of January 2019 amongst a select group of new Capital.com clients to assess the impact the system would have on trade performance. By analysing the data of new clients who made their first trade 1 month before and 2 months after the launch, the results were shown to be promising.
We found that among the clients who read the messages delivered by eQ, the number of those who experienced closeouts was 11% lower than those who didn’t read the messages. The number of profitable new clients was also higher by 6.5%, while the number of new clients with an average win to average loss ratio of more than 0.7 was higher by 10%. Impressive, right?
We also analysed the number of clients implementing stop-losses, with the overall picture showing that clients spent less time in losing positions. The number of clients using stop-losses increased by 10% between February and March in comparison with the December and January period. 41% of clients who read eQ’s messages implemented stop-losses in half of their trades, which is 10% higher than those clients who didn’t read the messages.
That’s not all. The most promising result was obtained by analysing the number of new clients who made their first trade a month before launching eQ. Among those who read eQ’s messages, the number of profitable clients was found to be higher by 12%. The number of new clients with an average win higher than their average loss was also higher by 11%.
Clients like you are at the very core of Capital.com’s ethos. We’re on a mission to create the world’s most beautiful – and functional – trading experience. eQ remains true to our goal to offer you a powerful and easy-to-use trading solution underpinned by state-of-the-art technology.