Kraken Stop Take Profit

kraken-stop-take-profit

Use this skill for:

• placing stop-loss orders to limit downside
• placing take-profit orders to lock in gains
• building bracket orders (entry + stop + target)
• trailing stops that follow a rising price

Simple Stop-Loss

After buying, place a stop-loss below entry:

# Entry
kraken order buy BTCUSD 0.01 --type limit --price 60000 -o json 2>/dev/null

# Stop-loss (triggers market sell if price drops to 57000)
kraken order sell BTCUSD 0.01 --type stop-loss --price 57000 -o json 2>/dev/null

Simple Take-Profit

Place a take-profit above entry:

# Take-profit (triggers market sell if price rises to 65000)
kraken order sell BTCUSD 0.01 --type take-profit --price 65000 -o json 2>/dev/null

Bracket Order (Entry + Stop + Target)

Place all three as separate orders:

# 1. Entry
kraken order buy BTCUSD 0.01 --type limit --price 60000 -o json 2>/dev/null

# 2. Stop-loss
kraken order sell BTCUSD 0.01 --type stop-loss --price 57000 -o json 2>/dev/null

# 3. Take-profit
kraken order sell BTCUSD 0.01 --type take-profit --price 65000 -o json 2>/dev/null

When one exit fills, cancel the other to avoid double exposure:

kraken order cancel <OTHER_TXID> -o json 2>/dev/null

Stop-Loss Limit (Tighter Control)

A stop-loss-limit triggers a limit order instead of market, giving price control but risking no fill in fast moves:

kraken order sell BTCUSD 0.01 --type stop-loss-limit --price 57000 --price2 56800 -o json 2>/dev/null

--price is the trigger, --price2 is the limit price for the resulting order.

Trailing Stop

Follows the market up, sells on reversal:

# Trail $500 below the high
kraken order sell BTCUSD 0.01 --type trailing-stop --price +500 -o json 2>/dev/null

As BTC rises from 60000 to 65000, the stop moves from 59500 to 64500. On a $500 drop from any high, it triggers.

Futures Stop-Loss

kraken futures order sell PF_XBTUSD 1 --type stop --stop-price 57000 --trigger-signal mark --reduce-only -o json 2>/dev/null

Use --trigger-signal mark or index to avoid stop hunts on last-trade wicks. Use --reduce-only to prevent the stop from opening a short.

Management Loop

Monitor stops after placement:

kraken open-orders -o json 2>/dev/null

Stream execution updates to detect when a stop triggers:

kraken ws executions -o json 2>/dev/null

When one side of a bracket fills, immediately cancel the other.

Hard Rules

• Never place live stop/take-profit orders without explicit human approval.
• Always cancel the opposite leg when one side of a bracket fills.
• Use --reduce-only on futures exits to prevent accidental position flips.
• Validate all orders before submission with --validate.