FTX Quant Zone doesn't only serve as an automated trading tool, it also helps beginners to find various trading strategies from other traders in the platform.

The FTX Quant Zone is a place where traders can create and share trading strategies. Oftentimes, you feel very secluded from everyone else and you have no idea where to begin or what to do. It is extremely helpful in these situations if you have someone else to help you or even provide you with strategies that you can use to become a successful trader.

This is exactly why the FTX Quant Zone was built.

FTX Quant Zone

It was to provide traders with a space where they can share any strategies that have worked for them while also providing others with the opportunity to use these strategies as well.

 

FTX Quant Rules

Trading strategies on the FTX platform are created by rules. It is a specific code you create with instructions on what to do and when to do it. Unless specified otherwise, these rules will be triggered every 15 seconds. Therefore, you need to be extremely specific and cautious when you activate a rule.

 

How to Make a Rule

In order to make a rule, you need to go to the rules page and you'll get an option to create a new rule. Upon clicking this, you'll be taken to what looks like a command site with a ton of coding involved.

Upon first glance, this can seem like really foreign territory for someone with no coding background, so you may be a bit hesitant to create something as you wouldn't want to make a mistake. However, it is much easier than it looks and FTX provides quite a few videos explaining the entire procedure.

In simpler words, there are two steps to creating rules which are explained below:

 

Rules Trigger

The trigger of a rule is the condition, or conditions, that causes the rule to be activated. You could enter any conditions in the coding space that would be provided. This could be anything from a value to a time limit or both. The FTX Quant Zone will check every 15 seconds for the trigger. If the conditions are met, the trigger will be, well, triggered. However, if the conditions are not met, the trigger won't be set off and it'll wait for the next 15 seconds.

 

Rules Action

The action of a rule decides exactly what happens when your conditions are triggered. This could also be generally anything related to your trading account. If certain conditions are met that causes the trigger to be activated, the FTX Quant Zone will perform the action that you instructed it to do so. This action could be anything from executing a trade to creating trend lines or resistance levels for indicators. The ball is in your park!

 

Is the FTX Quant Zone Worth It?

The FTX Quant Zone can be really beneficial for someone who is looking for a good trading strategy. It is also great for those who think they have a great strategy and would like to potentially enter it in the FTX competition to win a prize. It is important to note that there have been many reports of the Quant Zone sometimes glitching and taking much longer than 15 seconds to activate an action even after the conditions are met. Other than that, there have been no other complaints about this intriguing platform.

 

Looking for any other way to earn returns from cryptocurrency? FTX has allowed staking in its platform with plenty of additional benefits for its native token, FTT. Learn further in How to Get High Returns on Staking FTT Token?