rohitgoyal
Joined 12 years ago
Karma
70
Submissions
39
Member since
Mar 5
Recent submissions
Comment · 6 years ago
Hey HN!
At Mudrex we are launching our new product: Mudrex Invest. It will help everyday investors smartly invest in cryptocurrency in automated way.
Waitlist link for priority access: https://invest.mudrex.com/
Back in Feb we launched Mudrex for traders who wanted to automate their trading rules. It got huge interest from traders community. https://news.ycombinator.com/item?id=19347443
After that we launched a marketplace in June'19, which let mature investors invest using trading algorithms created by pro traders. This helped many others get the benefit of these algorithms and also helped these pro traders become financial entrepreneurs. There are already 100s of people using Mudrex Marketplace for their investment. Link to Mudrex marketplace: (https://mudrex.com/marketplace)
Now we are launching an evolved version of that marketplace which would help everyday investors invest using algorithms created by successful traders.
How it works for an investor? 1) Choose your risk appetite and choose a portfolio among 2-3 recommended options based on their past performance. 2) Connect your exchange API keys (Coinbase/Binance etc) and decide how much capital you want to invest using Mudrex.
How it works on the back? 1) Sophisticated traders build trading algorithms using Mudrex Strategy Builder. 2) They submit their trading algorithms to Mudrex to publish them on Mudrex Marketplace. 3) These algorithms go through a rigorous review process and the quality ones get listed on the marketplace. 4) Mudrex clubs top algorithms in a bundle to diversify risk and manage stable returns. 5) Your capital automatically follows these portfolios on your exchange account.
Join our waitlist if you want to get priority access. https://invest.mudrex.com/
Comment · 7 years ago
Thanks for your support. :)
Comment · 7 years ago
Not at the moment. But it is on the roadmap. One of the most demanding feature. :)
Comment · 7 years ago
In our close beta 65% of the traders made profit. Usually people stop loss making strategies within a week or two.
Comment · 7 years ago
Yes. You can define different tick intervals for different blocks.
For example in one block you can select RSI with tick interval being 30 min and in another one you can select RSI with tick interval 2H. Ping on help button at the bottom if you get stuck. :)
Comment · 7 years ago
That's a screenshot you are referring to. It just shows how to connect different blocks. Like see the first gif that shows the kind of blocks we have with an example of indicator block (RSI/MACD etc).
In no way there is a sign that it will make you profit. In fact it encourage you to test your strategies on past data and live data.
Will try to make it clearer.
Comment · 7 years ago
We are currently focused on strategies that typically have exposure from few minutes - few days. These don't come under the HFT set up.
Hence our target customer are people who use Technical analysis and price action.
Thanks for you time and providing the feedback.
Comment · 7 years ago
Thanks for your time in providing the insightful feedback.
Comment · 7 years ago
We are going to add only reputable exchanges.
Comment · 7 years ago
You can signup and run backtest and strategies with virtual money for free. No demo amount is required.
Comment · 7 years ago
>Why the focus on crypto...
We started with cryptocurrency because of our personal experience in cryptocurrency trading as we had to stay awake sometimes to close our positions, we missed trading opportunities with manual trading. We felt the infrastructure is much more limited for cryptocurrency trading since it is new and majority of the trading is done by individual vs institutions compared to other asset classes. Also the market inefficiencies are greater in cryptocurrency trading and individual traders or small shops have higher chances of building profitable strategies where they don’t have to compete with HTF at the moment.
>Why mention 1000s of currency pairs...
You are right. 90% of the trading happens on just top 20 coins but since our users requested other pairs we added them.
>Where's your education section...
Point well taken. We are already producing content on the education side. https://medium.com/mudrex/tagged/learning We are planning to launch a more formal education section for new traders.
>Saying you're democratising something...
Right now traders are dependent on coding skills and capital to set up infrastructure to automate trading. For example a person with a balance of $1000 can’t get into it.
>You've probably built something really cool...
Your concerns are valid. We are doing webinars, writing blogs and trying our best on this side and will do things as time progress. https://mudrex.com/indicators https://medium.com/mudrex/managing-risk-while-trading-4c1455...
>There's huge room for a profitable business...
This is exactly what we are going to build. We are working on a code editor where people would be able to build their custom logic while keeping the simplicity of the platform same for everything else. On a high level our objective will remain “building tools traders need in their automated trading”.
Comment · 7 years ago
Didn't know about this. Thanks for pointing it out.
Mudrex has nothing to do with it.
Mudrex came from the Sanskrit word call "Mudra" which means currency.
I hope this answers your concern.
Comment · 7 years ago
The platform is for traders who knows what they are doing. We have professional traders building their trading strategies on the platform.
We are working on marketplace where non-professionals would be able to invest in professional trader's strategies for profit share.
Comment · 7 years ago
There is another YC company which helps you manage taxes for cryptocurrency trading.
www.cointracker.io
Making crypto easy for the masses.
Web3!