During the ETH Taipei event, the mainstream cryptocurrency exchange BitMEX and ChainNews jointly held the first offline “Introduction to Quantitative Trading Workshop”. The workshop covered topics such as the structure and design of trading, interpretation of various parameter meanings, how to generate quantitative strategies, and how to evaluate them.
BingX MMS from DA Capital, Doublewan from ChaoxResearch, and the BitMEX team discussed the structure and parameter design of quantitative strategies, and provided users with a clear understanding of how to create their own quantitative trading strategies.
BingX MMS, who has more than 7 years of experience in cryptocurrency trading, has been involved in arbitrage, spot, and futures trading. He currently focuses on designing quantitative strategies using traditional financial indicators such as MACD. He divided the development of quantitative strategies into front-end and back-end. The front-end involves the structure and parameter design, while the back-end focuses on the subsequent operation and optimization. He emphasized three important elements of trading: trading strategy, mindset control, and risk management.
Doublewan, the founder of ChaoxResearch, explained the meaning of various parameters commonly seen in trading and implemented the collection of API data from various exchanges. He emphasized the difference between trading and investment, stating that not everyone is suitable for quantitative trading. Trading focuses on profiting from short-term price fluctuations using news and data, while quantitative trading requires longer periods of time to prove its effectiveness. He described quantitative trading as using mathematics and statistics to repeatedly do the same thing under positive expected value.
Doublewan also mentioned the abundance of quantitative strategies that are designed using data such as price-volume relationship or funding rates, and emphasized the importance of capturing other data or designing different strategies from well-known data.
He classified the quality of quantitative strategies based on risk and return, emphasizing that strategies designed based on these two aspects are not inherently good or bad, but rather have different goals. He also provided several important parameters to consider when creating or evaluating strategies, as well as data that is often overemphasized or neglected.
At the end of the event, Wendy, the business representative of BitMEX in the Greater China region, announced upcoming activities and updates from BitMEX. She mentioned the addition of new services and features such as trading bots and hybrid margin, as well as the ongoing XBT Wizard game and Guild Trading Competition.
BitMEX, as a legendary exchange with more than 10 years of history, has never lost any user funds since its establishment in 2014, and continues to disclose its reserves and asset proofs to users. While ensuring the security of funds, BitMEX offers users diverse derivative trading options with lower margin requirements and regularly launches innovative products. Wendy also mentioned the current promotion, allowing users who have not traded on BitMEX since May 2019 to apply for customized fee discounts based on their trading conditions on other exchanges.
BitMEX also offers a referral program with rewards for both the referrer and the referred user. Additionally, users can enjoy up to 10% fee discounts for withdrawals and trades for 6 months after the referred user completes KYC, and the referrer can receive 50 BMEX tokens for each qualified referral.
BitMEX has been actively engaged in education and community activities. The “BitMEX Returns to Taipei” event held during the Taipei Blockchain Week in December 2019 successfully brought together the Taiwanese community and injected vitality into the market. The “BitMEX Live 100x Party” held the day before the event also attracted participants from the cryptocurrency market for networking.
The “Introduction to Quantitative Trading Workshop” jointly organized by BitMEX and ABMedia not only provided users in Taiwan with professional knowledge in cryptocurrency trading, but also brought together and promoted sharing of strategies and market outlook among communities and industry enthusiasts. BitMEX’s innovative, secure, and highly liquid derivative trading features have once again gained recognition.
BitMEX was established in 2014 as a professional trading platform for cryptocurrency derivatives. The platform offers low-latency, highly liquid trading with the highest level of security and flexibility. BitMEX supports derivative contracts for over 65 different cryptocurrencies, as well as spot trading for 11 currency pairs and fee-free conversion of over 30 cryptocurrencies in the wallet.
BitMEX is known for its innovative products, including the popular perpetual swap contract. The platform has gained recognition in the global exchange market for its reliability, security, and continuously innovative cryptocurrency derivative products.
For more information on the latest BitMEX activities, users can join the Telegram Chinese community or follow IG @bitmex_zh for timely updates.
This article is provided by BitMEX and does not represent the stance or investment advice of this website. Readers must conduct their own careful evaluation.
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