Automatic Papertrade Exits

Thesis

Manage all BTC and ETH trades by closing losses at 20% of margin and targeting three times that amount after estimated costs.

Strategy

• Automatic coverage: Check every open Papertrade position every five seconds, including new manual trades and positions opened by other bots. • Exits: Close each whole position at a 20% margin loss or 60% estimated net gain, using the published winning-cost formula. • Sizing: Open no trades and keep each existing position's size and leverage until its exit threshold is reached.

Exposure

• Holds: BTC and ETH trades — Manages every current and future position on the chosen Papertrade wallet. • Venue: Papertrade — Use the wallet whose positions should all receive automatic exits; no position IDs are needed. • Leverage: Existing trade leverage — Keeps each position's original leverage and opens no new positions. • Costs: Winning-close deductions — Estimates the published price deadband, impact curve and 2% winning-profit fee; Papertrade pays closing gas. • Data: Circuit — Reads Papertrade positions and Hyperliquid prices, with published cost parameters stored in the agent. • On unwind: Papertrade USDC — Closed positions return remaining margin and settled gains to Papertrade, with queued gains paid later.