Mudrex, make trading bots for BitMEX and Binance without knowing how to code

Creating a trading bot in Crypto is particularly difficult because most exchanges have proprietary API, meaning the programming is different for each. Mudrex created possibly the only product enabling non-programmers to into backtest and automating trades on exchanges like Coinbase, BitMEX, Binance and Deribit. With this app, no coding experience is needed.

How does a Mudrex bot work? 

Like Mudrex itself, the application is better described with pictures than with language. Mudrex example AlgoThey simplified algo-trading to the point where a child could probably figure it out. Ofcourse, it’s unlikely that you can take their application as far as someone who can code bots raw, but it’s the only option for those who don’t have time to learn a language.

As you can see, there are blocks resembling conditional circumstances like patterns, trends, indicators, volume, price and time. The rectangular boxes in the middle are calls to trigger buys, sells, stop losses or take profits. These blocks can simply be connected to each other to trigger orders at certain conditions.

Double clicking on the boxes will let you get a bit deeper into how much you would like to buy, what percentage your trailing stop loss follows at, etc. The picture below is what the interface looks like when clarifying the conditions of the exponential moving average that you want price to trigger at. EMA vs EMA would signify one EMA crossing another. Further down you can see the this one is set to trigger with the 9 period EMA crosses the 26 period EMA.

Mudrex boxes

There are also circles on the side that add extra conditionals like “or,” “and,” “exact,” “not,” and “any” to add further complexity to the bot.

Once your algorithm is created, you can either run it as a backtest, or live trading via paper trades or real capital. Activate trades

How much does Mudrex cost? 

There are a few options for newcomers and experienced traders who trust the application. Thankfully, inexperienced are able to run 1 live bot, 2 paper trading bots and 100 backtests/month for free. This allows everyone to try make sure that the program works without becoming invested.

In total, there are four tiers to pricing:

  • Free - $0
  • Researcher - $16/m
  • Trader - $42/m
  • Pro Trader - $84/m

To summarize, Researcher pricing allows more access to backtesting, but no additional features to running bots. Trader gives even more backtesting ability and increases bots users can run up to 10. Pro Trader allows for unlimited access to all features. There is support for Free users and Researchers via e-mail and Discord while Traders and Pro traders get live support.

Disclaimer: Few high frequency traders are profitable and we don’t consider trading to be a smart way to invest your money.


Matic, Indian led crypto asset crashes 80%. Racism ensues

Yesterday, Matic, an Ethereum side-chain protocol, saw around a 80% decrease in price after about a month of upside. Afterwards, anonymous traders on crypto Twitter couldn’t help but express racism towards Indians due to the ethnicity of Matic’s leadership.

Racist jokes towards Matic’s Indian leadership

The most noticeable thread where users were stereotyping was on zyzz’s Tweet, a trader with a paid group and frequent of crypto Discord chat rooms. He posted a picture of EtherScan’s records of the Matic Foundation sending MATIC to Binance, implying that they were responsible for the crash, and included a picture of the founders next to it.

Here’s some replies to the thread:

Obviously, these commenters are associating a derrogatory stereotype of Indian people as scammers. A common slur that I’ve seen in crypto Discord groups is to joke about “Pajeet” when talking about a scam. Pajeet is a stereotypical name for Indian people, and apparently the slur started on 4chan.

Here’s another offensive response in the same thread:

Matic Founder’s response

One founder of Matic, Sandeep Nailwal, responded to the racial attacks.

“I m seeing such racial attacks on a hardworking Indian project which hs been striving hard & making an impact even with small resources Entire Indian community needs to unite against this racial slur & fight to prove our worth We hv top Indian teams in all blockchain sectors” - @sandeepnailwal

Racist culture thrives in an anonymous crypto space

While it’s natural for people in the crypto space to be weary of pump-and-dump schemes, and there appears to be reasonable evidence that suggests the Matic Foundation has sent large amount of money to Binance, the immaturity in the crypto space is concerning.

Before, we have covered an anonymous crypto trader with 70,000 followers saying that women should never have been able to vote. It’s possible to have a messed up sense of humor, but the frequency in which this behavior is accepted, and the lack of consequences due to anonymity is a plague to the space.

Crypto is one of the few industries where privacy and anonymity is respected to an extent, but it may be detrimental to the expansion of the space as the culture could deter a large demographic of people. At the same time, it attracts those who desire the ability to spread hatred, ethnocentrism, etc.


[Update: New math] Allegedly, Matic sent around $10 million of their supply to Binance, mostly for liquidation

Earlier today, the price of $MATIC dropped around 80% within 24 hours. People are now investigating as to why there was such a huge dump, and some think EtherScan records hold the answer.

Samuel JJ Gosling, Founder of Validity Crypto, posted a link to the Matic Foundation’s records, where they sent around $10 million (calculated at all-time high) to Binance addresses. On first look, the transactions lead to unknown addresses, but tracking them further shows that they were deposited, or possibly sold to known Binance 1, 2, 3 and 4 addresses.

There are 10 trillion Matic Tokens in circulating supply and around 300 billion were sent withdrawn from the foundation.

Matic and Binance’s response 

Sandeep Nailwal, Co-founder of Matic responded to Goslings post very critically.

“FUD account. We will post the exact numbers. This is complete BS, the out amount is from the smart contract lockup account to Foundation account. Amounts sent to Binance or any other accounts are in conjunction with our token release. Why would a project do this deliberately,” tweeted Nailwal

Changpeng Zhao, CEO of Binance backed up his claims.

“Our team is still investigating the data, but it’s already clear that the MATIC team has nothing to do with it. A number of big traders panicked, causing a cycle. Going to be a tough call on how much an exchange should interfere with people’s trading.” - @cz_binance

FUD is a term that Zhao is notorious for throwing around, and is short for ‘fear, uncertainty and doubt.’ Nailwal calling the linked address a “FUD account” implies that it is not theirs. If this is true, it is unclear how EtherScan picked the address up as the Matic Foundation.

MATIC is a low market cap coin, and if even $10 million worth of a coin that was worth $.05 was sold all at once, it might be able to initiate a crash around the magnitude of what happened today. Observers are waiting for Binance and Matic to come up with more evidence before there is a consensus of no foul play.


Gosling updated the math and it turns out that only 3% of MATIC supply was sent to Binance, closer to $10 million USD. Originally this post had published that it was $67 million.