April 2019 Update: Shorting and leverage is live on Mudrex
Its been 3 months since we opened Mudrex for everyone and the love that you guys have shown has been phenomenal! We not only got mudrex out of Beta but also launched our trading discord community and trading on Bitmex. Mudrex is now the ONLY trading platform that supports both spot and futures!
Key Highlights
- Last month we reached a key milestone of processing 2,000,000 USD worth of trading volume through the platform. In April itself we did ~800,000 USD worth of trading and the number keeps growing~25% Week over Week.
- Within a short span of 6 weeks, we have grown to a 400 member strong community of active traders who discuss strategies, give us feedback about the product and participate in our roadmap discussions. If you haven’t signed up yet, you should join today!
- Mudrex was selected for Y-Combinator and also got featured in some of the best publications out there including Forbes, Economic Times and Product Hunt you can read more about that below:
There is a ton of hard work that has happened in the last two months. Below is a summary of all we have been doing!
Shorting on Bitmex
We launched long-only trading on Bitmex in Feb 2019. Implementing shorting was a much larger task and we had to fundamentally revamp the way Mudrex handles strategies. The month-long hard work has now paid off and we are happy to announce that you can now run shorting based strategies on Mudrex! Read more about it here.
We not only enabled shorting but also added a couple of more run modes that help you increase your profits. You can now run your strategy in 4 different trading modes 1) Long only 2) Short Only 3) Long-Short 4) Long-Close-Short. Find out more about them here.
You can backtest, paper trade and go live on shorting based strategies in a click now on Mudrex!
Leverage Trading via Bitmex
Leverage is a highly sought after feature while doing automated trading. Our integration with Bitmex allowed users to do leveraged trading since Feb 2019. However, starting today you can also backtest and paper trade your strategies using leverage.You can read more about it here.
Faster Backtesting and Live execution
We did some fundamental changes in our backtesting infrastructure which have given a massive boost to systems. I am happy to announce that our backtests are ~5x faster as compared before. Not only that we have also managed to extend the time over which our backtests are run with the increased speed we can now complete long-running backtest rapidly too! A backtest run on 1h candles over 2 years of data is guaranteed to end in under 10 sec.
We have also massively upgraded our capabilities and can now handle up to 200 concurrent backtests. We have been able to do all of this while significantly reducing our costs!
In the process, we have also reduced the time it takes to process a candle and issue a live order. This will enable us to reduce the slippage your live orders see and also create smaller candles and move from a min candle of 1m to 15 sec soon! Lots of improvements on the way!
Supertrend indicator
Users have been wanting more and more indicators on the platform and one of the most demanded indicators was Supertrend. Supertrend is one such popular indicator that has now been published and is ready to help you make money!
Apart from these, we have worked on ~30 other bugs and small issues to improve user experience, reliability, processing speed and handle edge cases. As always, our product roadmap is driven by our users and we look forward to hearing your feedback!
Welcome to the new Mudrex.com
Happy Trading!
