Skill

recipe-drawdown-circuit-breaker

Monitors Kraken portfolio value, updates peak high-water mark, calculates drawdown percentage, and cancels all open orders if threshold exceeded (e.g., 10%).

Bash

automation

monitoring

npx claudepluginhub krakenfx/kraken-cli

Tool Access

This skill uses the workspace's default tool permissions.

Preview

> **PREREQUISITE:** Load the following skills to execute this recipe: `kraken-risk-operations`, `kraken-alert-patterns`

SKILL.md

Similar Skills

cache-components

139.2k

Guides Next.js Cache Components and Partial Prerendering (PPR) with cacheComponents enabled. Implements 'use cache', cacheLife(), cacheTag(), revalidateTag(), static/dynamic optimization, and cache debugging.

cache-components

mcp-builder

124.2k

Guides building MCP servers enabling LLMs to interact with external services via tools. Covers best practices, TypeScript/Node (MCP SDK), Python (FastMCP).

9 files

anthropics-skills-13

canvas-design

124.2k

Generates original PNG/PDF visual art via design philosophy manifestos for posters, graphics, and static designs on user request.

20 files

anthropics-skills-13

Stats

Stars489

Forks51

Last CommitMar 6, 2026

Actions

View Source View Plugin View on GitHub View README

Drawdown Circuit Breaker

PREREQUISITE: Load the following skills to execute this recipe: kraken-risk-operations, kraken-alert-patterns

Monitor portfolio value and halt trading if cumulative drawdown from peak exceeds a limit (e.g., 10%).

Steps

Record starting portfolio value: kraken balance -o json 2>/dev/null + kraken ticker BTCUSD ETHUSD SOLUSD -o json 2>/dev/null (calculate total USD value)
Set this as the high-water mark
On each check interval (at least 5 seconds; see kraken-rate-limits for tier budgets):
- Recalculate total portfolio value
- Update high-water mark if value exceeds previous peak
- Calculate drawdown: (peak - current) / peak * 100
If drawdown exceeds threshold (e.g., 10%):
- Alert the user immediately
- Cancel all open orders: kraken order cancel-all -o json 2>/dev/null
- Cancel all futures orders: kraken futures cancel-all -o json 2>/dev/null
Present drawdown report: peak value, current value, drawdown percentage, orders cancelled
Cancel operations require explicit human approval unless operating at autonomy level 4+
Wait for explicit user instruction before resuming any trading activity