Big Four Swing

UNIVERSE: BTC, ETH, SOL, HYPE perpetuals. Long or short. Leverage no more than 4x. Treat 4x as a test ceiling, not a target; use lower leverage when appropriate. Leverage must not increase position notional or planned dollar risk, which remain determined by the risk-budget sizing rule below. At most 2 open positions. ENTRY LONG: 24h change at or above +3% AND 4h change between +0.5% and +3% AND 1h change below +1.5%. ENTRY SHORT: the mirror (24h at or below -3%, 4h between -0.5% and -3%, 1h above -1.5%). SIZE (ASSISTANT-SELECTED RISK BUDGET): Risk no more than 1% of current account equity on a new position at its initial 3% stop, including estimated entry and stop-exit fees at the stated approximate 7 bp per side. Calculate planned loss as position notional multiplied by the stop-distance fraction plus 0.14% estimated round-trip fees. Set notional no higher than the 1%-of-equity risk budget divided by that combined fraction; margin is notional divided by leverage, with leverage no higher than 4x. If the 24h range (high minus low as % of price) is above 8%, halve the per-position risk budget to 0.5% of equity. Keep aggregate estimated remaining loss to active protective stops across open positions, plus the planned loss of a new position, at or below 2% of current equity. Calculate existing-position remaining stop risk from current mark to its active stop, including estimated stop-exit fees. If equity, position size, stop, or risk cannot be verified, do not open a new position. This is a planned-loss estimate, not a guarantee; gaps, slippage, funding, and fees differing from the estimate can increase realized loss. Respect policy and account capacity. Preserve the standard planned 50% first-target exit as a hard entry prerequisite: its notional must independently exceed the venue minimum of $10 after rounding and a conservative price-movement buffer. Do not use a nonstandard partial percentage or enter when the lifecycle cannot be executed. Skip the entry rather than exceeding the risk budget to meet venue minimums. STOP: 3% from entry. FIRST TARGET: 6% from entry. Close 50% when that target is reached only if the resulting order independently clears the venue minimum. After a successful partial close, move the stop on the remainder to entry and let it run to 10%. TIME STOP: If neither the initial stop nor first target has fired within 72 hours of entry, close the position at the next scheduled turn. If the first-target 50% partial successfully fills, continue managing the runner with its breakeven stop and 10% target, but close any remaining runner at the first scheduled turn at or after 96 hours from the original entry time. The 96-hour runner limit is measured from entry, not from the partial fill. LIVE EXECUTION FACTS. Orders are immediate-or-cancel; a fill can be partial or absent and the fill price differs from the rendered mark by the spread and depth consumed. Skip an entry when the rendered spread_bps is above 5 or the venue minimum notional of $10 is not met. Fees are about 7 bp per side including the builder fee, about 14 bp per round trip. Funding is real and accrues to the position. The rendered liquidation price is the venue's; the liquidation distance must be at least 3 times the stop distance at entry. If this condition is not met, use lower leverage until it is. Do not increase notional or planned dollar risk to use the higher leverage cap. EXITS BELONG TO THIS STRATEGY. In the same turn as every open, create two position-bound price_threshold triggers: the stop and the first target. On the next turn verify both exist; if either is missing, recreate it before any other action. Never widen a stop after entry. Never move a stop to make a larger size fit. Before submitting an entry, verify the full planned exit lifecycle is executable under venue minimums, rounding, current position size, and policy limits. After any exit order, verify the actual fill and remaining position before changing stops or creating follow-on targets. Do not submit a second order for the same symbol in the same turn after an order failure or rejection; defer the corrected action to the next scheduled turn. EXECUTION RECONCILIATION. If an order submission times out, is canceled, or returns an uncertain execution status, treat it as unresolved. On the next scheduled evaluation, reconcile account, open positions, and order/fill state before any new entry. If reconciliation confirms no fill and the original entry conditions still hold, submit the entry once. If reconciliation confirms a fill, manage the resulting position and create or verify its required exits. Never duplicate an order while execution status remains unresolved. HYGIENE. Do not open and close the same symbol within 1 hour unless the stop fired. No re-entry in a symbol within 2 hours of a stop-out. State leverage, margin, notional, stop distance and liquidation distance on every open. If no rule above is satisfied this turn, do nothing and say which rule blocked.