Before launch
Preflight blocks known credential, market and position-mode conflicts.
RUN / CONTROL LAYER
Automation must know when to stop.
Risk rules belong to the strategy version and control execution access, action size and the response to critical events.
ONE VERSION / ONE HISTORYcontrolled
BACKTEST→Simulation→LIVE→Observe
3.4.1
Signals, fills, limits and reconciliation
HASH 8F2A·91C7SYSTEM DOMAIN04 / RUN
Move one version from Simulation to available live
- DISCOVER
- OPTIMIZE
- VALIDATE
- RUN
- OBSERVE
EXECUTION RECORD
One version. Five observable events.
If a link is missing, the system has an operational exception to explain — not a success metric to hide.
- 01
Signal
The frozen rule produces an event.
- 02
Preflight
Market, credentials and limits are checked.
- 03
Order
The requested action is sent to the exchange.
- 04
Fill
The actual execution is recorded.
- 05
Reconcile
Exchange state is compared with the record.
Stop condition
A critical mismatch moves the run to halt and keeps the exchange state visible for review.
Inside a trade
Stop, take, maximum hold and exposure constraints define allowed behaviour.
Across the account
Daily loss and parallel-position limits constrain aggregate risk.
Emergency stop
Kill switch and halt stop new actions but cannot guarantee an exit price.
DECISION FRAMEWORK
Does observed execution still match the frozen strategy?
Follow the chain from signal and preflight to order, actual fill, exchange state and reconciliation. A missing link is an operational exception.
Observe in Simulation first
Use minimum live size
Halt on critical mismatch
Execution audit trail
Important
Historical, statistical and model results do not promise future returns. kquant provides computational tools and technical execution, but does not assess whether a specific trade is suitable for a user.