AI in Trading: A Great Validation!
2021 has been a phenomenal year for Researchfin.ai. We have launched an amazing version of the that Automates Technical Analysis for traders. It is a game-changer for making new traders successful and expert traders productive!
And we have successfully validated quite a few of our core hypotheses that:
1) AI can learn how to recognize chart patterns and identify high reward:risk setups like an expert trader. Expert traders train their eyes to recognize chart pattern setups by spending years and often decades studying historical charts of nearly every single stock. They replay past scenarios to learn what is the best action, that yields the highest reward and takes the lowest risk, given the observations from a stock chart and the market dynamics at that point in time. Our hypothesis was that these are the kind of learning-actions-from-data-and-observations challenges that AI excels in, so they should be effective in the trading context. This can save new traders those years and decades of study and prevent some expensive mistakes.
In 2021 we have been able to successfully validate that and we have trained AI to recognize most of the common chart patterns that traders use, and filter them automatically by high reward:risk setups. This stock scanner is available in the latest version of the Researchfin.ai app.
2) AI can improve traders’ productivity and help them scale better. A trader spends a lot of time doing mundane and repetitive things like browsing through hundreds and thousands of charts on a daily or weekly basis to filter down their focus list. Also, they must narrow their daily watchlist to limited stocks as they cannot watch many stocks in parallel for the intraday price action. Our hypothesis was that AI can automate that work by automatically generating a filtered list for the trader to focus on. This can save hours daily and improve the productivity of the trader by helping them spend their time on higher-order research. Also, AI can help traders scale better by automatically watching over the intraday price action for a larger number of stock setups and providing timely alerts for entry and exits.
In 2021 we have been able to successfully validate that and have seen daily research time reduce from hours to minutes with the latest version of the Researchfin.ai app.
3) AI can make stock research mobile. Currently, the digital world is all about mobility. However, traders were restricted to their big screens and workstations for manual scanning of trade setups and browsing through many charts. This is quite limiting. Our hypothesis was that with AI doing the heavy lifting it should be possible to deliver a great user experience to traders on their always-handy mobile phones and tablets so that they can research trade setups and even trade from anywhere and at any time. In 2021 we have been able to successfully validate that as well. The latest version of the Researchfin.ai has been designed ground up for mobility. It delivers the easy and beautiful experience of browsing and filtering trade setups from the convenience of the phone.
We have put together a quick demo of what is possible with the latest version of the Researchfin.ai app.
As we wrap up 2021, we are thankful to all our users who have helped provide us incredible feedback to continuously keep improving and making Researchfin.ai more useful. We are thankful to our advisors, mentors, and well-wishers who have guided us with every step of the journey.
I would like to personally thank the amazing Researchfin.ai Team who have been super dedicated to the cause of making traders successful.
As we step into 2022, we couldn’t be more excited about what is in store ahead. We have several exciting product releases and some big announcements coming up early in the new year itself. In 2022 we will be delivering traders something that they haven’t experienced before and that will take their trading to an entirely different level. So please stay tuned!
So here is wishing everyone a very happy and prosperous new year 2022!
If you haven’t yet tried out the app you can download the same from the and now. We are available for both the US and India markets. We offer a 30-day free trial.
As always, our goal is to help traders and we are more than eager to hear feedback and suggestions. Please keep them coming at firstname.lastname@example.org