Recipe Emergency Flatten

Emergency Flatten

PREREQUISITE: Load the following skills to execute this recipe: kraken-risk-operations, kraken-liquidation-guard

Immediately cancel all orders and close all positions across spot and futures.

CAUTION: This closes everything at market prices. Slippage may be significant. The --yes flag skips confirmation prompts and is only appropriate at autonomy level 4+ (see kraken-autonomy-levels). At lower levels, omit --yes and confirm each cancel with the user.

Steps

1. Cancel all spot orders (dangerous): kraken order cancel-all --yes -o json 2>/dev/null
2. Cancel all futures orders (dangerous): kraken futures cancel-all --yes -o json 2>/dev/null
3. Check spot positions: kraken positions -o json 2>/dev/null
4. Close each spot margin position with a market order (requires human approval)
5. Check futures positions and extract sizes: kraken futures positions -o json 2>/dev/null (parse each position's size and side fields)
6. Close each futures position with reduce-only market orders (use sell for longs, buy for shorts): e.g., kraken futures order sell PF_XBTUSD 1 --reduce-only -o json 2>/dev/null
7. Verify no open orders remain: kraken open-orders -o json 2>/dev/null
8. Verify no futures orders remain: kraken futures open-orders -o json 2>/dev/null
9. Verify all positions closed: kraken futures positions -o json 2>/dev/null
10. Check final balances: kraken balance -o json 2>/dev/null