How the trading kill switch works
One control halts every strategy at once. After it trips, the risk check refuses every new order until you resume. You can trip it from the dashboard, a signed webhook or Telegram, and the Fleet trips it itself when the daily loss cap is hit. Every trip and resume is written to the audit log.
What happens when you press it?
- The halt flag is set straight away, before anything else.
- A
triprow is written to the audit log with the reason and where it came from. - From then on,
propose()rejects every order withHALTED, for every strategy on every venue.
If the audit write fails, the halt still stays on. Stopping comes first; the failure is raised so it gets fixed.
What it does not do
It stops new orders. It does not close positions you already hold or cancel orders already resting on the exchange. Manage those on the exchange directly, or delete the API key there to cut the Fleet off completely.
Ways to trigger it
- The dashboard, where it is always visible.
- A signed HTTPS webhook, for your own alerts and scripts.
- Telegram.
- Automatically, when the daily loss cap is reached.
Resuming
Resuming is a deliberate step by an authorised person, never automatic. It is written to the audit log too, and a refused resume is logged as well.
Questions
Does the kill switch close my open positions?
No. It blocks every new order. Positions and resting orders already on the exchange stay until you manage them there.
Can I trigger the kill switch from my phone?
Yes, through Telegram or a signed webhook, as well as the dashboard.
Does the Fleet ever trip it on its own?
Yes. It trips automatically when the daily loss cap is reached.
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Trading involves risk of loss. Nothing here is investment advice. Read the risk disclosure.