How Live Trading Works

When a strategy meets its conditions, Aurono places real orders on your connected exchange. This page explains how that execution works and the safety mechanisms that bound it.

Live trading requires an activated license — see License for the activation flow. Without one, every strategy runs in shadow mode (full-fidelity simulation, no real orders).

Order Placement

When a buy or sell trigger fires, Aurono submits a limit order to the exchange.

The order specifies the exact price you’re willing to pay (buy) or accept (sell)
Order fills, partial fills, and cancellations are tracked
Capital and inventory are updated based on actual fill prices and fees
All decisions are recorded in the event log with the rule that fired

Aurono never uses market orders. You always know the price boundary in advance.

Safety Features

Circuit Breaker

If Aurono encounters repeated exchange errors (3 consecutive failures), the circuit breaker activates and temporarily pauses order submission for the affected strategy. Successful operations reset the counter.

Capital Reservation

Before placing any order, Aurono reserves the required capital (for buys) or inventory (for sells). This prevents:

Over-spending allocated capital
Selling more inventory than available
Race conditions between concurrent evaluations

Reservations are released when orders are filled, cancelled, or rejected.

Limit Orders Only

Aurono uses limit orders exclusively. This means:

You know the exact price before the order is placed
No slippage beyond the limit price
Orders that cannot be filled at the specified price remain open or are cancelled

Pre-flight Checks

Before Aurono starts placing orders for a strategy, it verifies:

The exchange is connected and credentials are valid
The strategy has allocated capital
Trigger and sizing parameters are within sane bounds

If any check fails, the strategy stays inactive and you get a specific error message about what to fix.

Best Practices

Test in the Lab first. The Strategy Lab simulates your rules against historical price data before any real money is involved. Use it to validate parameters before activating a strategy.
Start with a single strategy. Build confidence by running one rule set at a time before adding more.
Use conservative order sizing. Small order sizes mean each individual decision matters less and you have room to learn.
Monitor the Activity feed regularly during the first few days. Every evaluation, blocked signal, and executed trade is logged with a reason.
Check your exchange account. Confirm that orders match expectations — especially during the first week.