Can I do shorting on Mudrex?

Yes, you can make shorting based strategies on Mudrex. Currently, Mudrex only supports Bitmex exchange for shorting and other margin/leverage based strategies. 

There are 4 different kinds of trading methods you can choose for trading: 

• Long Only
• Short Only
• Long-Short
• Long-Close short

More details about these trading methods are available on our help article here. 

Below is the example of simple Algo to start with short trading:

Let's say you have the following conditions: 

Run a strategy in Short only mode mode

• Open a short position when price decreases by 3%.
• Close the short position when price increases by 5% in the previous candle.

This Algo, when converted to strategy in our visual strategy builder, looks like this:

After saving the strategy, we can choose the parameter for running the strategy on the testing console.

• Select Bitmex in the exchange filed using the drop-down menu from the list of available exchange.

• BTC market will be selected as default in the market section.
• Choose the asset you want to trade using the drop-down menu(currently only supporting USD perpetual contracts).

• Select tick interval using the drop-down fields.
• Select the period of backtesting for your strategy.
• Select a trading method for the strategy. (in this case, we are choosing short only).

• Choose leverage for your strategy available options are from 1x to 100x.

• Choose the starting balance for the strategy and click start test.