Fixed-Price Stop-Loss Bot for Selling a Coin Position

Summary

This document outlines a simple automated exit method for a cryptocurrency holding. The bot checks the latest traded price at a configurable interval and, once it reaches or falls below a fixed stop price, attempts to sell the account’s coin balance. It first cancels existing pending orders, then repeatedly submits sell orders while a balance remains, logging status and errors.

The example exposes a stop-price setting and a polling interval, with the published defaults set to 5000 and 10 seconds. It does not describe a backtest or provide evidence about execution quality or losses avoided. Because the trigger is based on periodic price checks and the sell logic depends on exchange order behavior, actual execution can differ from the threshold price; the document also gives no treatment of partial fills, liquidity, or repeated order failures beyond basic error logging. It is an introductory operational example rather than a complete risk-management system.

Key ideas

• The bot monitors the latest price and starts selling when it reaches or falls below a fixed threshold.
• A configurable polling interval controls how often the trigger condition is checked.
• The script cancels pending orders before monitoring and attempts to sell the remaining coin balance after activation.
• The example provides no backtest evidence and does not explain execution quality, partial fills, or liquidity effects.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.