Recipe Trailing Stop Runner

Ride a trend with a trailing stop that locks in profits on reversal.

krakenfx cac4ff5 1.2 KB Updated

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Trailing Stop Runner

PREREQUISITE: Load the following skills to execute this recipe: kraken-stop-take-profit, kraken-spot-execution

Enter a position and attach a trailing stop to capture trend profits while limiting downside.

Steps

  1. Get current price: kraken ticker BTCUSD -o json 2>/dev/null
  2. Enter position (requires human approval): kraken order buy BTCUSD 0.01 --type market -o json 2>/dev/null
  3. Verify fill: kraken trades-history -o json 2>/dev/null
  4. Set trailing stop (e.g., $500 trail distance): kraken order sell BTCUSD 0.01 --type trailing-stop --price +500 -o json 2>/dev/null
  5. Verify stop is placed: kraken open-orders -o json 2>/dev/null
  6. Monitor via stream: kraken ws ticker BTC/USD -o json 2>/dev/null
  7. When the trailing stop triggers, verify the exit fill: kraken trades-history -o json 2>/dev/null
  8. Report entry price, exit price, and net P&L

If you hit a mismatch between what you are trying to do and the CLI's interface or responses — including a mismatch between this skill and the installed CLI version's contract — feel free to submit feedback with kraken feedback.

krakenfx/kraken-cli/tree/main/skills/recipe-trailing-stop-runner commit cac4ff5a8f

Frequently asked questions

npx skillmds@latest add krakenfx/recipe-trailing-stop-runner