4cc294baef
- Add placeExitOrders() to create reduce-only LIMIT orders for TP1, TP2, and SL - Orders now visible in Drift UI - Tested with real tiny position (0 base x 5x = 0) - All 3 exit orders placed successfully on-chain - Position manager continues monitoring as backup - Added test script and results documentation
108 lines
3.6 KiB
Markdown
108 lines
3.6 KiB
Markdown
# Exit Orders Test Results ✅
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## Test Details
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- **Date:** October 26, 2025
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- **Position Size:** $10 base × 5x leverage = $50 notional
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- **Symbol:** SOL-PERP
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- **Direction:** LONG
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- **Entry Price:** $197.4950
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## Results: SUCCESS ✅
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### Transaction Signatures
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**Entry Order:**
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```
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2Bio8oUhhNXkYxY9g5RsR3KUpb3mCX3ZWrQoqFTZ9DQY7rq5w7reCwu8qyHEq1cZdBK5TRo7n9qhC9nj7HtUvWKG
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```
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[View on Solscan](https://solscan.io/tx/2Bio8oUhhNXkYxY9g5RsR3KUpb3mCX3ZWrQoqFTZ9DQY7rq5w7reCwu8qyHEq1cZdBK5TRo7n9qhC9nj7HtUvWKG)
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**TP1 Order (75% at +0.5%):**
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```
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4G8rXJ5vhLZAhNaNJ46qwbDoMEhxab7kTibaQtrBHuSkzmd6FPtLyELbt7Lc8CpTLMtN1ut9sjz9F9o1FhRhgzLU
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```
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Target: $198.4825
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[View on Solscan](https://solscan.io/tx/4G8rXJ5vhLZAhNaNJ46qwbDoMEhxab7kTibaQtrBHuSkzmd6FPtLyELbt7Lc8CpTLMtN1ut9sjz9F9o1FhRhgzLU)
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**TP2 Order (100% at +2.5%):**
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```
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5Zo56K8ZLkz3uEVVuQUakZQ3uMCQSXrkWG1EwtxSZVQB2pxQwKp2gbPUGEDyPZobyBv4TYMEBGf5kBpLWfCPYMEr
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```
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Target: $202.4324
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[View on Solscan](https://solscan.io/tx/5Zo56K8ZLkz3uEVVuQUakZQ3uMCQSXrkWG1EwtxSZVQB2pxQwKp2gbPUGEDyPZobyBv4TYMEBGf5kBpLWfCPYMEr)
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**Stop Loss Order (at -0.9%):**
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```
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5U9ZxYFyD99j8MXcthqqjy6DjACqedEWfidWsCb69RtQfSe7iBYvRWrFJVJ5PGe2nJYtvRrMo2szuDCD8ztBrebs
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```
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Target: $195.7175
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[View on Solscan](https://solscan.io/tx/5U9ZxYFyD99j8MXcthqqjy6DjACqedEWfidWsCb69RtQfSe7iBYvRWrFJVJ5PGe2nJYtvRrMo2szuDCD8ztBrebs)
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## Verification
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### Check on Drift UI
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Visit [https://app.drift.trade/](https://app.drift.trade/) and connect with wallet:
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```
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3dG7wayp7b9NBMo92D2qL2sy1curSC4TTmskFpaGDrtA
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```
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You should see:
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1. Active SOL-PERP position (~0.2532 SOL)
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2. Three open orders (TP1, TP2, SL) showing as "Limit" orders with "Reduce Only" flag
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3. Orders should be visible in the "Orders" tab
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## Implementation Details
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### What Changed
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1. **lib/drift/orders.ts:** Added `placeExitOrders()` function that creates reduce-only LIMIT orders
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2. **app/api/trading/execute/route.ts:** Calls `placeExitOrders()` after opening position
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3. **config/trading.ts:** Added `takeProfit1SizePercent` and `takeProfit2SizePercent` config fields
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### Order Types Used
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- **Entry:** Market order (immediate execution)
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- **Exit orders:** Reduce-only LIMIT orders
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- Reduce-only = can only close position, not increase it
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- LIMIT = visible in order book, executes when price reached
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- Alternative: Trigger-market orders (more guaranteed execution but may slip)
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### Position Manager
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The bot still runs the position manager which:
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- Monitors price in real-time via Pyth
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- Will also close positions via market orders when targets hit
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- Acts as a backup/fallback if LIMIT orders don't fill
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## Risk Assessment
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✅ **Safe for production** with following considerations:
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1. **LIMIT order risk:** May not fill if market gaps past price (e.g., flash crash through stop loss)
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2. **Solution:** Position manager provides backup via market orders
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3. **Recommendation:** For more safety-critical stops, consider implementing trigger-market orders
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## Next Steps (Optional Enhancements)
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1. **Add trigger-market for SL:** More guaranteed execution on stop loss
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2. **Order cancellation:** Cancel old orders when position closes manually
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3. **Multiple timeframes:** Support different TP/SL per timeframe
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4. **Dynamic sizing:** Adjust TP sizes based on signal strength
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## Test Command
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```bash
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cd /home/icke/traderv4
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./test-exit-orders.sh
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```
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## Monitoring
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```bash
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# Check logs
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docker logs trading-bot-v4 -f
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# Check position manager status
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curl http://localhost:3001/api/status
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```
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---
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**Status: TESTED AND WORKING ✅**
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The implementation successfully places on-chain TP/SL orders that are visible in the Drift UI. All three exit orders were placed successfully in the live test with real funds.
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