dexterm-cli 0.1.6 → 0.2.0

package/dist/packages/autotrade/src/runner.js

@@ -0,0 +1,923 @@
+// dexterm autotrade — the run loop (task-1498 spike, task-1505 AT-3; AUTOTRADE-SPEC §4–§6).
+//
+// tick → (held coin)   monitor: mechanical exits at once, WAKE events to the position's session (or, with
+//                      agent.respawnOnWake, a one-answer position session when the coin has none)
+//      → (candidate)   delta to its session (coalesced to the strategy cadence, urgent moves at once)
+//      → (other coin)  screener: entry rules → precheck clamp → candidate → session with the full dossier, or auto entry
+// session reply → validated DECISION → clamp (strategy bounds) → paper order → fill after the latency.
+//
+// Ticks come from a recorded tape (backtests, `--replay`) or a live source (`dexterm autotrade run --paper`, the
+// Store fed from the keyless data layer). Pacing: lockstep awaits every reply before the next tick (deterministic
+// backtests); paced replays sleep per tick while a session is live and let replies land when they land; live runs
+// never sleep (the source paces itself) and replies land when they land.
+//
+// Every step lands in the hash-chained run ledger (ledger.ts) with the exact inputs (the tick, the message text, the
+// raw reply, the clamp). Paper, or real (task-1645: the paper engine plus a trade-fire signal per fill, through the
+// real-mode hook only); any other mode is refused before the first tick. The
+// sessions' day caps and allowance guard live in SessionGate (sessions.ts); with none given, the strategy's own
+// limits apply; the gate counts real usage per wall-clock day, so a fast --replay over many tape days never resets
+// the $/day cap. The host part at the end of this file (lock, rendezvous, heartbeat) is what the CLI uses.
+import { closeSync, existsSync, mkdirSync, openSync, readFileSync, rmSync, writeSync } from 'node:fs';
+import { uptime } from 'node:os';
+import { join } from 'node:path';
+import { Ledger, writeJsonAtomic } from "./ledger.js";
+import { EntryRules, SimBook, clampEntry, simBuy, simSell } from "./engine.js";
+import { monitorTick } from "./monitor.js";
+import { buildDelta, renderDelta, renderEvent, urgent, view } from "./session.js";
+import { SessionGate, renderDossierRecord, renderPositionDossier, tapeDossierRecord } from "./sessions.js";
+import { DEFAULT_RUNNER_CONFIG, effectiveCaps } from "./runner-config.js";
+import { DEFAULT_PRICE_BASIS, fillMcaps, levelText } from "./basis-text.js";
+export { Ledger } from "./ledger.js";
+export function simExecutor(x) {
+    return { name: 'sim', buy: (k, usd) => simBuy(k, usd, x), sell: (k, tokens, reason) => simSell(k, tokens, x, reason) };
+}
+const sleep = (ms) => new Promise((r) => setTimeout(r, ms));
+const REVIEW = ['time_review', 'time_tighten'];
+const INFO_ONLY = ['mechanical_exit', 'stuck'];
+async function* fromArray(ticks) { for (const k of ticks)
+    yield k; }
+export async function runAutotrade(o) {
+    const s = o.strategy;
+    // task-1571: autotrade runs on paper only. dexterm holds no key and places no live order; live trading happens in the
+    // Telegram trading bot of the user's choice.
+    // task-1645: mode "real" = the same paper engine, plus a LIVE TRADE FIRE signal per fill for the user's own executor;
+    // it needs the real-mode hook (armed on the user's terminal, checked by the host) and never runs without it.
+    if (s.mode === 'real' && !o.real)
+        throw new Error(`strategy ${s.id} is mode "real": it runs only through the real-mode host (dexterm autotrade run ${s.id} --real, once armed on your own terminal)`);
+    if (s.mode !== 'paper' && s.mode !== 'real')
+        throw new Error(`strategy ${s.id} is mode "${s.mode}": autotrade runs paper only (dexterm holds no key and places no live order); mode real runs only through the real-mode host`);
+    if (o.real && s.mode !== 'real')
+        throw new Error(`strategy ${s.id} is mode "${s.mode}": the real-mode hook is for a strategy in mode "real" only`);
+    if (o.real && (!o.executor || o.executor !== o.real))
+        throw new Error('real mode: the executor must be the real-mode signal executor itself');
+    if (!o.tape && !o.source)
+        throw new Error('runAutotrade needs a tape or a live source');
+    const ledger = o.ledger ?? new Ledger();
+    const say = o.onLine ?? (() => { });
+    const tapeTicks = o.tape?.ticks;
+    const t0 = tapeTicks ? (tapeTicks[0]?.t ?? 0) : (o.source.startT ?? Date.now());
+    if (o.account && s.mode !== 'paper')
+        throw new Error(`strategy ${s.id}: a paper account holds simulated cash only; it never backs a live run`);
+    const book = new SimBook(s, t0, o.account, o.member);
+    const rules = new EntryRules(s);
+    const pacing = o.pacing ?? { mode: 'lockstep' };
+    const decideAuto = o.sessions === null || s.entry.decide === 'auto';
+    const x = s.execution;
+    const exec = o.executor ?? simExecutor(x);
+    // Without a runner config the strategy's own limits apply (no extra runner caps).
+    const gate = o.gate ?? new SessionGate(effectiveCaps(s, { ...DEFAULT_RUNNER_CONFIG, caps: { candidateSessionsPerDay: Infinity, positionSessionsPerDay: Infinity, modelUsdPerDay: Infinity, turnsPerDay: Infinity } }), { fiveHourMax: 1, sevenDayMax: 1, onLimit: 'pause-until-reset' });
+    const basis = o.basis ?? DEFAULT_PRICE_BASIS;
+    const lvl = (price, k) => levelText(basis, price, k);
+    const dossierFn = o.dossier ?? ((k, h, matched, b) => renderDossierRecord(tapeDossierRecord(k), { mint: k.mint, symbol: k.symbol, matched }, k, h, b, basis));
+    const latest = new Map();
+    const hist = new Map();
+    const cands = new Map();
+    const byPosition = new Map();
+    const skippedUntil = new Map();
+    /** Coins the vet passed this run (a refused one goes to skippedUntil for good). */
+    const vetted = new Set();
+    const orders = [];
+    const refusals = {};
+    const clampCount = {};
+    const curve = [];
+    let sessionsOpened = 0;
+    let positionSessionsOpened = 0;
+    let sessionCost = 0;
+    let maxDd = 0;
+    let now = t0;
+    let killed = false;
+    let haltReason = null;
+    let flattening = false;
+    let endWhenFlat = false;
+    let entriesPaused = null;
+    let focusSig = '';
+    /** Every reply pump still running, including those of closed candidates (their late replies are logged before run_end). */
+    const pumps = new Set();
+    /** Proposals waiting for an answer, by mint (task-1527). */
+    const approvalsOpen = new Map();
+    ledger.add(t0, 'run_start', { strategy: s.id, version: s.version, strategyHash: s.hash, mode: s.mode, ...(o.real ? { tag: 'real-signal', accountId: o.real.accountId } : {}), ...(s.highRisk ? { highRisk: true } : {}), tape: o.tape?.source ?? o.source.name, ticks: tapeTicks?.length ?? null, decide: decideAuto ? 'auto' : s.entry.decide, ...(o.approvals ? { approvals: o.approvals.required(s) ? 'required' : 'when-asked' } : {}), pacing: pacing.mode, executor: exec.name, caps: capsView(gate), ...(o.account ? { account: o.account.id } : {}) });
+    // task-1645 r2: a real run takes over the real positions an earlier run of this strategy left open (held.json),
+    // so their exits keep firing. A profile the strategy no longer has falls back to its default profile.
+    for (const p of o.real?.inherited() ?? []) {
+        const from = p.profileId;
+        if (!s.exits.profiles[p.profileId])
+            p.profileId = s.exits.default;
+        if (!book.adopt(p))
+            continue;
+        ledger.add(t0, 'position_adopted', { tag: 'real-signal', positionId: p.id, mint: p.mint, symbol: p.symbol, ...(from !== p.profileId ? { profileFrom: from } : {}), position: { ...p, fills: p.fills } });
+        say(`CARRIED ${p.symbol} (${p.mint.slice(0, 4)}…): real position from an earlier run, ${p.profileId}, cost $${(p.costUsd - p.realizedUsd).toFixed(2)} still open; its exits keep running`);
+    }
+    // 0.2.0 card B: positions a crashed run left open. A profile the (re-read) strategy no longer has falls back to
+    // its default profile, so every adopted position has exits.
+    for (const p of o.adopt ?? []) {
+        const from = p.profileId;
+        if (!s.exits.profiles[p.profileId])
+            p.profileId = s.exits.default;
+        if (!book.adopt(p))
+            continue;
+        ledger.add(t0, 'position_adopted', { positionId: p.id, mint: p.mint, symbol: p.symbol, ...(from !== p.profileId ? { profileFrom: from } : {}), position: { ...p, fills: p.fills } });
+        say(`RESUMED ${p.symbol} (${p.mint.slice(0, 4)}…): ${p.profileId}, cost $${(p.costUsd - p.realizedUsd).toFixed(2)} still open; its exits keep running`);
+    }
+    const count = (rule) => { refusals[rule] = (refusals[rule] ?? 0) + 1; };
+    const refuse = (rule, data) => { count(rule); ledger.add(now, 'refused', { rule, ...data }); };
+    // A vet that throws or hangs is a check that could not run: the strategy's `unknown` decides (reject by default).
+    const vetCoin = async (k) => {
+        let r;
+        try {
+            r = await o.vet(k);
+        }
+        catch (e) {
+            r = { ok: false, rule: 'vet-error', detail: e.message.slice(0, 160) };
+        }
+        if (r.ok) {
+            vetted.add(k.mint);
+            if (r.note)
+                ledger.add(now, 'vetted', { mint: k.mint, note: r.note.slice(0, 200) });
+        }
+        return r;
+    };
+    const liveCandidateSessions = () => [...cands.values()].filter((q) => q.session && !q.positionId).length;
+    const everyLive = () => [...new Set([...cands.values(), ...byPosition.values()])];
+    const newCand = (k, matched, session, kind, positionId) => ({
+        mint: k.mint, symbol: k.symbol, since: now, lastMatch: now, matched, session, sessionKind: kind, lastSent: view(k), lastSentT: now, seq: 0,
+        inflight: null, pendingText: [], notes: [], closing: false, positionId, awaitingReview: null, oneShot: kind === 'position', costSeen: 0, turns: 0, lastDecision: null,
+    });
+    const closeCandidate = async (c, reason) => {
+        if (c.closing)
+            return;
+        c.closing = true;
+        if (cands.get(c.mint) === c)
+            cands.delete(c.mint);
+        if (c.positionId) {
+            if (byPosition.get(c.positionId) === c)
+                byPosition.delete(c.positionId);
+        }
+        else
+            skippedUntil.set(c.mint, now + Math.max(s.entry.candidateTtlSec * 1000, s.risk.perCoin.cooldownMin * 60e3));
+        if (c.session) {
+            // Never await c.inflight here: a close can come from inside the reply pump itself. Closing the
+            // session settles a pending send with null.
+            const st = await c.session.close(reason);
+            if (st.costUsd > c.costSeen) {
+                gate.spend(st.costUsd - c.costSeen);
+                c.costSeen = st.costUsd;
+            }
+            sessionCost += st.costUsd;
+            ledger.add(now, 'session_end', { sessionId: c.session.id, sessionKind: c.sessionKind, mint: c.mint, reason, turns: st.turns, costUsd: st.costUsd });
+            say(`session ${c.session.id} ended (${reason}) · ${st.turns} turns · $${st.costUsd.toFixed(4)}`);
+        }
+    };
+    const sellPosition = async (p, k, tokens, reason, detail) => {
+        if (tokens <= 0)
+            return;
+        const f = await exec.sell(k, Math.min(tokens, p.tokens), reason);
+        if ('refused' in f) {
+            if (!p.stuck) {
+                p.stuck = true;
+                ledger.add(now, 'stuck', { positionId: p.id, mint: p.mint, why: f.refused, reason });
+                say(`STUCK ${p.symbol}: cannot sell (${f.refused})`);
+            }
+            return;
+        }
+        p.stuck = false;
+        ledger.add(now, 'fill', { positionId: p.id, mint: p.mint, ...fillMcaps(fillView(f), k), detail, ...sigTag(f) });
+        say(`SELL ${p.symbol} ${reason}: $${f.usd.toFixed(2)} at ${lvl(f.price, k)} (impact ${f.impactPct}%) — ${detail}`);
+        const ct = book.sell(p, f);
+        if (ct) {
+            // task-1530: the price extremes the monitor saw while held (the trade ledger's MFE / MAE)
+            ledger.add(now, 'trade_closed', { trade: { ...ct, fills: undefined }, entryPrice: p.entryPrice, peakPrice: p.peakPrice, troughPrice: p.troughPrice ?? null, ...(o.real ? { tag: 'real-signal' } : {}) });
+            say(`CLOSED ${ct.symbol}: ${ct.pnlUsd >= 0 ? '+' : ''}$${ct.pnlUsd.toFixed(2)} (${ct.pnlPct}%) by ${ct.exitReason}`);
+        }
+    };
+    /** Apply a validated decision at the current virtual time. */
+    const apply = async (c, d) => {
+        const k = latest.get(c.mint);
+        const pos = book.open.get(c.mint);
+        if (!pos || pos.id !== c.positionId) {
+            if (c.positionId) {
+                ledger.add(now, 'late_reply_ignored', { sessionId: c.session?.id ?? null, mint: c.mint, decision: d, why: 'position already closed' });
+                return;
+            }
+            // Candidate phase: enter / wait / skip.
+            if (d.action === 'skip') {
+                await closeCandidate(c, 'agent-skip');
+                return;
+            }
+            if (d.action !== 'enter')
+                return;
+            if (orders.some((q) => q.mint === c.mint))
+                return;
+            if (entriesPaused && !killed) {
+                refuse('entries-paused', { mint: c.mint, why: entriesPaused });
+                await closeCandidate(c, 'refused:entries-paused');
+                return;
+            }
+            const req = { profile: d.profile, sizePct: d.sizePct, sizeUsd: d.sizeUsd, confidence: d.confidence };
+            const r = clampEntry(book, k, req, killed);
+            ledger.add(now, 'clamp', { mint: c.mint, sessionId: c.session?.id ?? null, request: req, result: r.ok ? { ok: true, usd: r.usd, firstTrancheUsd: r.firstTrancheUsd, profile: r.profile.id, basis: r.basis, clamps: r.clamps } : r });
+            for (const cl of r.clamps)
+                clampCount[cl.rule] = (clampCount[cl.rule] ?? 0) + 1;
+            if (!r.ok) {
+                refuse(r.refused, { mint: c.mint, stage: 'entry' });
+                await closeCandidate(c, `refused:${r.refused}`);
+                return;
+            }
+            say(`clamp ${k.symbol}: asked ${d.sizePct !== undefined ? `${d.sizePct}%` : d.sizeUsd !== undefined ? `$${d.sizeUsd}` : 'default'} → $${r.usd} (${r.basis}${r.clamps.length ? `; clamped by ${r.clamps.map((q) => q.rule).join(', ')}` : ''})`);
+            const needsApproval = s.entry.decide === 'agent+approve' || (o.approvals?.required(s) ?? false);
+            if (needsApproval) {
+                await propose(c, k, d, r);
+                return;
+            }
+            const ladder = (s.sizing.ladder ?? []).slice(1).map((tr) => ({ frac: tr.frac, atPct: tr.atPct, deadline: now + tr.withinMin * 60e3, usd: r.usd * tr.frac }));
+            orders.push({ mint: c.mint, fillAt: now + x.latencyMs, decidedPrice: k.price ?? 0, usd: r.firstTrancheUsd, firstUsd: r.firstTrancheUsd, profile: r.profile.id, sessionId: c.session?.id ?? null, trigger: c.matched, ladder, kind: 'open' });
+            return;
+        }
+        // Position phase: hold / exit / tighten / reprofile. The agent may only reduce risk or move along profile edges.
+        if (d.action === 'hold' || d.action === 'wait')
+            return;
+        if (d.action === 'exit') {
+            const frac = Math.min(1, d.fraction ?? 1);
+            await sellPosition(pos, k, pos.tokens * frac, frac >= 0.999 ? 'agent-exit' : 'agent-trim', d.reason);
+            return;
+        }
+        if (d.action === 'tighten') {
+            const prof = s.exits.profiles[pos.profileId];
+            if (prof.trailingStop) {
+                pos.trailArmed = true;
+                ledger.add(now, 'tighten', { positionId: pos.id, armed: 'trail' });
+            }
+            else if (prof.bagTrail && pos.costRecovered) {
+                // A free bag tightens by halving its trail (never below 10%), once; it can never be loosened again.
+                pos.bagTrailPct = Math.max(10, Math.min(pos.bagTrailPct ?? prof.bagTrail.trailPct, Math.round(prof.bagTrail.trailPct / 2)));
+                ledger.add(now, 'tighten', { positionId: pos.id, armed: 'bag-trail', trailPct: pos.bagTrailPct });
+            }
+            else
+                refuse('tighten-no-trail', { positionId: pos.id });
+            return;
+        }
+        if (d.action === 'reprofile') {
+            const from = s.exits.profiles[pos.profileId];
+            const to = d.profile ? s.exits.profiles[d.profile] : undefined;
+            if (!to || !from.reprofileTo.includes(to.id)) {
+                refuse('reprofile-edge', { positionId: pos.id, to: d.profile ?? null });
+                return;
+            }
+            const upgrade = to.sizing.maxSizePctOfBankroll > from.sizing.maxSizePctOfBankroll;
+            if (upgrade && pos.tpFilled < 1) {
+                refuse('reprofile-upgrade-needs-tp1', { positionId: pos.id, to: to.id });
+                return;
+            }
+            ledger.add(now, 'reprofile', { positionId: pos.id, from: from.id, to: to.id, reason: d.reason });
+            pos.profileId = to.id;
+            return;
+        }
+        refuse('action-not-allowed-while-holding', { positionId: pos.id, action: d.action });
+    };
+    /** The clamp's entry as a proposal; the answer places the order (or not) whenever it lands. */
+    const propose = async (c, k, d, r) => {
+        if (!o.approvals) {
+            refuse('approval-unavailable', { mint: c.mint, why: 'entries need an approval and no approval channel is connected' });
+            await closeCandidate(c, 'refused:approval-unavailable');
+            return;
+        }
+        if (approvalsOpen.has(c.mint))
+            return;
+        const bank = book.bookEquity();
+        const R = (k.liq ?? 0) / 2;
+        const prof = r.profile;
+        const prop = {
+            runId: o.runId ?? null, mint: c.mint, symbol: k.symbol, strategy: { id: s.id, version: s.version, hash: s.hash }, profileId: prof.id,
+            usd: r.usd, firstTrancheUsd: r.firstTrancheUsd, pctOfBook: bank > 0 ? Math.round((r.usd / bank) * 1000) / 10 : 0, bookUsd: round2(bank),
+            price: k.price ?? null, liq: k.liq ?? null, impactPct: R > 0 ? Math.round((r.firstTrancheUsd / R) * 1e4) / 100 : 0,
+            slippageBps: x.slippageBps, maxImpactPct: x.maxPriceImpactPct, exitPlan: exitPlanLine(prof), reason: d.reason, sessionId: c.session?.id ?? null,
+            clamps: r.clamps.map((q) => q.rule), decidedAt: now,
+        };
+        const entryBlocked = () => (killed ? `halt:${haltReason ?? 'kill'}` : entriesPaused ? `paused:${entriesPaused}` : book.state.halted ? `halted:${book.state.halted}` : null);
+        const live = {
+            tick: () => latest.get(c.mint),
+            reclamp: (usd) => {
+                const t = latest.get(c.mint);
+                if (!t)
+                    return { ok: false, refused: 'no-tick' };
+                const rc = clampEntry(book, t, { profile: prof.id, sizeUsd: usd }, killed);
+                return rc.ok ? { ok: true, usd: rc.usd, clamps: rc.clamps.map((q) => q.rule) } : { ok: false, refused: rc.refused };
+            },
+            blocked: entryBlocked,
+        };
+        ledger.add(now, 'approval_requested', { mint: c.mint, symbol: k.symbol, sessionId: prop.sessionId, usd: prop.usd, firstTrancheUsd: prop.firstTrancheUsd, profile: prof.id, price: prop.price, liq: prop.liq });
+        say(`PROPOSAL ${k.symbol}: $${prop.usd} (${prop.pctOfBook}% of book) [${prof.id}] waiting for approval`);
+        const settle = async (out) => {
+            if (!out.approved) {
+                ledger.add(now, 'approval_declined', { mint: c.mint, proposalId: out.proposalId ?? null, state: out.state, why: out.why });
+                say(`PROPOSAL ${k.symbol} ${out.state}: ${out.why}`);
+                await closeCandidate(c, `approval:${out.state}`);
+                return;
+            }
+            const blocked = entryBlocked();
+            if (blocked || c.closing || book.open.has(c.mint) || orders.some((q) => q.mint === c.mint)) {
+                refuse('approval-dropped', { mint: c.mint, proposalId: out.proposalId, why: blocked ?? (c.closing ? 'candidate closed' : 'already open or pending') });
+                if (!c.closing)
+                    await closeCandidate(c, 'refused:approval-dropped');
+                return;
+            }
+            const usd = Math.min(out.usd, r.usd);
+            const scale = r.usd > 0 ? usd / r.usd : 0;
+            const t = latest.get(c.mint) ?? k;
+            ledger.add(now, 'approval_granted', { mint: c.mint, proposalId: out.proposalId, via: out.via, usd, proofId: out.proofId ? `${out.proofId.slice(0, 6)}…` : null });
+            say(`APPROVED ${k.symbol}: $${round2(usd)} via ${out.via}`);
+            const ladder = (s.sizing.ladder ?? []).slice(1).map((tr) => ({ frac: tr.frac, atPct: tr.atPct, deadline: now + tr.withinMin * 60e3, usd: usd * tr.frac }));
+            const first = round2(r.firstTrancheUsd * scale);
+            orders.push({ mint: c.mint, fillAt: now + x.latencyMs, decidedPrice: t.price ?? 0, usd: first, firstUsd: first, profile: prof.id, sessionId: c.session?.id ?? null, trigger: c.matched, ladder, kind: 'open', ctx: { proofId: out.proofId, proposalId: out.proposalId, orderHash: out.orderHash } });
+        };
+        const pending = o.approvals.request(prop, live)
+            .catch((e) => ({ approved: false, state: 'ERROR', why: e instanceof Error ? e.message.slice(0, 120) : String(e) }))
+            .then(settle)
+            .finally(() => { approvalsOpen.delete(c.mint); });
+        approvalsOpen.set(c.mint, pending);
+        // Lockstep (backtests, tests) waits for the answer; every other pacing lets it land when it lands.
+        if (pacing.mode === 'lockstep')
+            await pending;
+    };
+    const onReply = async (c, r) => {
+        if (!c.session)
+            return;
+        if (c.closing) {
+            // A reply that lands after its candidate expired or its session was closed is never executed.
+            ledger.add(now, 'late_reply_ignored', { sessionId: c.session.id, mint: c.mint, decision: r?.decision ?? null });
+            if (r)
+                say(`  ← ${c.session.id} late reply ignored (candidate already closed)`);
+            return;
+        }
+        const review = c.awaitingReview;
+        c.awaitingReview = null;
+        if (r) {
+            c.turns++;
+            gate.turn(r.costUsd - c.costSeen);
+            c.costSeen = Math.max(c.costSeen, r.costUsd);
+        }
+        if (!r || !r.decision.ok) {
+            const died = c.session.endReason?.() ?? null;
+            if (!r)
+                ledger.add(now, 'session_timeout', { sessionId: c.session.id, mint: c.mint, ended: died });
+            if (died === 'account-mismatch' || died === 'not-tool-less' || died === 'account-unavailable') {
+                if (!gate.blocked)
+                    ledger.add(now, 'guard', { state: died, effect: 'no new sessions this run; mechanical exits continue', sessionId: c.session.id });
+                gate.block(died);
+            }
+            if (review)
+                await noAnswer(review, !r ? (died ?? 'timeout') : 'invalid-decision');
+            if (!r) {
+                // A dead process (account mismatch, a tool list that is not empty, an exit) ends the session for good; a
+                // slow candidate is skipped (onTimeout: skip); a slow review leaves the position to the monitor.
+                if (died || !c.positionId || c.oneShot)
+                    await closeCandidate(c, died ?? (c.oneShot ? 'position-session-timeout' : 'timeout'));
+                return;
+            }
+        }
+        ledger.add(now, 'reply', { sessionId: c.session.id, mint: c.mint, ms: r.ms, costUsd: r.costUsd, text: o.verbose ? r.text : undefined, decision: r.decision });
+        say(`  ← ${c.session.id} ${r.decision.ok ? `${r.decision.decision.action}${r.decision.decision.sizePct !== undefined ? ` ${r.decision.decision.sizePct}%` : ''}: ${r.decision.decision.reason}` : `INVALID (${r.decision.error})`}${r.ms ? ` · ${(r.ms / 1000).toFixed(1)}s` : ''} · $${r.costUsd.toFixed(4)}`);
+        if (r.decision.ok)
+            c.lastDecision = r.decision.decision.action;
+        if (r.costUsd >= gate.caps.budgetUsdPerSession) {
+            await closeCandidate(c, 'budget');
+            return;
+        }
+        if (r.decision.ok)
+            await apply(c, r.decision.decision);
+        // invalid decisions do nothing (the next delta asks again)
+        if (c.closing)
+            return;
+        if (c.oneShot) {
+            await closeCandidate(c, 'position-session-answered');
+            return;
+        }
+        const over = gate.overDay();
+        if (over)
+            await closeCandidate(c, over);
+    };
+    /** Queue a message; send now if the session is idle. Lockstep awaits the reply. */
+    const post = async (c, text) => {
+        if (!c.session || c.closing)
+            return;
+        c.pendingText.push(text);
+        if (c.inflight)
+            return;
+        const pump = async () => {
+            while (c.pendingText.length && !c.closing) {
+                // Once the position is gone, only the final mechanical-exit notice is still worth a turn.
+                if (c.positionId && !book.open.has(c.mint)) {
+                    c.pendingText = c.pendingText.filter((t) => t.includes('EVENT mechanical_exit'));
+                    if (!c.pendingText.length)
+                        break;
+                }
+                // Coalesce: everything that piled up while the agent was thinking goes as ONE message.
+                const msg = [...c.pendingText.splice(0), ...c.notes.splice(0)].join('\n\n');
+                ledger.add(now, 'message', { sessionId: c.session.id, mint: c.mint, bytes: msg.length, text: o.verbose ? msg : undefined });
+                if (o.verbose)
+                    say(`  → ${c.session.id} ${msg.split('\n')[0]}`);
+                const r = await c.session.send(msg);
+                await onReply(c, r);
+            }
+        };
+        if (pacing.mode === 'lockstep') {
+            await pump();
+            return;
+        }
+        const p = pump().finally(() => { c.inflight = null; pumps.delete(p); });
+        c.inflight = p;
+        pumps.add(p);
+    };
+    const fillOrders = async () => {
+        for (let i = 0; i < orders.length; i++) {
+            const q = orders[i];
+            if (q.fillAt > now)
+                continue;
+            orders.splice(i--, 1);
+            const k = latest.get(q.mint);
+            // Re-check at the fill, like a swap's slippage tolerance: a pool that drained or a price that ran
+            // away between the decision and the fill refuses the order instead of buying into it.
+            const prof0 = s.exits.profiles[q.profile];
+            const why = (k.liq ?? 0) < prof0.fit.minLiquidityUsd ? 'fill-liquidity-gone'
+                : k.price && q.decidedPrice && k.price > q.decidedPrice * (1 + x.slippageBps / 1e4) ? 'fill-slippage'
+                    // task-1538: on a shared paper account another strategy may have spent the cash since this order was decided;
+                    // the cash is held before the (async) fill so two strategies can never spend the same dollars.
+                    : book.account && !book.account.hold(q.usd) ? 'fill-account-cash' : null;
+            let f;
+            try {
+                f = why ? { refused: why } : await exec.buy(k, q.usd, q.ctx);
+            }
+            finally {
+                if (!why && book.account)
+                    book.account.release(q.usd);
+            }
+            if ('refused' in f) {
+                const rule = f.refused.startsWith('fill-') ? f.refused : `fill-${f.refused}`;
+                refuse(rule, { mint: q.mint, decided: q.decidedPrice, price: k.price, liq: k.liq });
+                const c = cands.get(q.mint);
+                if (c && q.kind === 'open') {
+                    say(`ORDER REFUSED ${k.symbol}: ${rule}`);
+                    await closeCandidate(c, `refused:${rule}`);
+                }
+                continue;
+            }
+            if (q.kind === 'add') {
+                const p = book.open.get(q.mint);
+                if (!p || p.id !== q.positionId)
+                    continue;
+                f.reason = 'ladder-add';
+                const bookUsd = round4(book.bookEquity()); // task-1530: the book before the fill (the trade ledger's % of book)
+                book.addTranche(p, f);
+                ledger.add(now, 'fill', { positionId: p.id, mint: p.mint, ...fillMcaps(fillView(f), k), bookUsd, ...sigTag(f) });
+                say(`ADD ${k.symbol}: $${f.usd.toFixed(2)} at ${lvl(f.price, k)}`);
+                continue;
+            }
+            const prof = s.exits.profiles[q.profile];
+            const bookUsd = round4(book.bookEquity()); // task-1530: the book before the fill (the trade ledger's % of book)
+            const p = book.openPosition(k, f, prof, q.sessionId, q.trigger, q.ladder);
+            ledger.add(now, 'fill', { positionId: p.id, mint: p.mint, profile: prof.id, ...fillMcaps(fillView(f), k), bookUsd, ...(q.ctx?.proposalId ? { proposalId: q.ctx.proposalId } : {}), ...sigTag(f) });
+            say(`BUY ${k.symbol} [${prof.id}]: $${f.usd.toFixed(2)} at ${lvl(f.price, k)}${f.partial ? ' (PARTIAL: impact cap)' : ''} · liq $${Math.round(k.liq ?? 0)}`);
+            const c = cands.get(q.mint);
+            if (c) {
+                c.positionId = p.id;
+                byPosition.set(p.id, c);
+                c.notes.push(`ENGINE: your entry filled: $${f.usd.toFixed(2)} at ${lvl(f.price, k)} (impact ${f.impactPct}%${f.partial ? ', PARTIAL at the impact cap' : ''}), profile ${prof.id}. The monitor runs the exits now; you hear from it only through EVENTs.`);
+            }
+        }
+    };
+    /** A review nobody answered: the profile decides (hold, or exit everything). Mechanical exits never wait. */
+    const noAnswer = async (w, why) => {
+        const p = [...book.open.values()].find((q) => q.id === w.positionId);
+        if (!p)
+            return;
+        const rule = s.exits.profiles[p.profileId].wake?.noAnswer ?? 'hold';
+        ledger.add(now, 'no_answer', { positionId: p.id, event: w.event, why, rule });
+        if (rule === 'exit')
+            await sellPosition(p, latest.get(p.mint), p.tokens, `${w.event}:no-answer`, `${w.event} unanswered (${why}); the profile says exit`);
+    };
+    /** All wakes of one tick go to the session as ONE message (one turn), after the mechanical actions ran. */
+    const wakeSession = async (p, ws, k) => {
+        if (!ws.length)
+            return;
+        let c = byPosition.get(p.id);
+        for (const w of ws) {
+            ledger.add(now, 'wake', { positionId: p.id, mint: p.mint, event: w.event, detail: w.detail, sessionId: c?.session?.id ?? null });
+            say(`WAKE ${p.symbol} ${w.event}: ${w.detail}`);
+        }
+        const review = ws.find((w) => REVIEW.includes(w.event));
+        const judgement = ws.some((w) => !INFO_ONLY.includes(w.event));
+        let first = null;
+        if ((!c?.session || c.closing) && judgement && s.agent.respawnOnWake && o.sessions && !decideAuto && !killed && p.status === 'open') {
+            // §5: a wake for a position whose session has ended starts a one-answer position session.
+            const g = gate.canOpen('position', liveCandidateSessions());
+            if (!g.ok)
+                refuse(g.reason, { stage: 'position-session', positionId: p.id, mint: p.mint });
+            else {
+                const sid = `p${++positionSessionsOpened}`;
+                const session = o.sessions(sid, s, { kind: 'position', mint: p.mint });
+                gate.opened('position');
+                c = newCand(k, [], session, 'position', p.id);
+                byPosition.set(p.id, c);
+                ledger.add(now, 'session_start', { sessionId: sid, sessionKind: 'position', agent: session.kind, mint: p.mint, positionId: p.id, model: sessionModel(session, s), budgetUsd: gate.caps.budgetUsdPerSession });
+                say(`POSITION SESSION ${sid} for ${p.symbol} (${ws.map((w) => w.event).join(', ')})`);
+                first = renderPositionDossier({ symbol: p.symbol, mint: p.mint, profile: p.profileId, costUsd: p.costUsd, entryPrice: p.entryPrice, tpFilled: p.tpFilled, leftPct: p.origTokens ? (p.tokens / p.origTokens) * 100 : 0, costRecovered: !!p.costRecovered, history: (hist.get(p.mint) ?? []).filter((h) => h.t >= p.openedAt), basis, tick: p.lastTick });
+            }
+        }
+        if (c?.session && !c.closing) {
+            if (review)
+                c.awaitingReview = review;
+            const events = ws.map((w) => renderEvent(w, p, k, basis)).join('\n\n');
+            await post(c, first ? `${first}\n\n${events}` : events);
+        }
+        else if (review)
+            await noAnswer(review, 'no session');
+    };
+    const bounds = () => ({ profiles: Object.keys(s.exits.profiles), defaultProfile: s.exits.default, maxSizePct: Math.min(s.sizing.maxPctOfBankroll, s.exits.profiles[s.exits.default].sizing.maxSizePctOfBankroll), sizeMode: s.sizing.mode, bankrollUsd: book.bookEquity(), cashUsd: book.state.cashUsd, openPositions: book.open.size, maxConcurrent: s.risk.maxConcurrent });
+    const publishFocus = () => {
+        if (!o.onFocus)
+            return;
+        const marks = [...[...book.open.keys()].map((mint) => ({ mint, role: 'held' })), ...[...cands.values()].filter((c) => !c.positionId).map((c) => ({ mint: c.mint, role: 'candidate' }))];
+        const sig = marks.map((m) => `${m.role}:${m.mint}`).sort().join(',');
+        if (sig === focusSig)
+            return;
+        focusSig = sig;
+        o.onFocus(marks);
+    };
+    const liquidationMark = (p) => { const f = simSell(p.lastTick, p.tokens, x, 'mark'); return 'refused' in f ? 0 : f.usd; };
+    const snapshot = (state) => {
+        const live = everyLive().filter((c) => c.session && !c.closing);
+        const day = gate.todayNow();
+        return {
+            t: now, state, haltReason: killed ? haltReason : book.state.halted ?? entriesPaused ?? gate.blocked,
+            strategy: { id: s.id, version: s.version, hash: s.hash },
+            book: { startUsd: s.bankroll.startUsd, equityUsd: round2(book.markedEquity()), cashUsd: round2(book.state.cashUsd), realizedTodayUsd: round2(book.state.dayRealizedUsd) },
+            ...(book.account ? { account: { id: book.account.id, pnlUsd: round2(book.ownPnlUsd()) } } : {}),
+            spend: { todayUsd: round4(day.modelUsd), dayCapUsd: gate.caps.modelUsdPerDay, turnsToday: day.turns, candidateSessionsToday: day.candidateSessions, positionSessionsToday: day.positionSessions, allowance: gate.allowance ? { fiveHour: gate.allowance.fiveHour, sevenDay: gate.allowance.sevenDay } : null },
+            candidates: [...cands.values()].filter((c) => !c.positionId).map((c) => ({ mint: c.mint, symbol: c.symbol, ageSec: Math.round((now - c.since) / 1000), matched: c.matched, session: c.session?.id ?? null })),
+            sessions: live.map((c) => ({ id: c.session.id, kind: c.sessionKind, mint: c.mint, symbol: c.symbol, turns: c.turns, costUsd: round4(c.session.costUsd()), budgetUsd: gate.caps.budgetUsdPerSession, lastDecision: c.lastDecision })),
+            positions: [...book.open.values()].map((p) => {
+                const pnl = liquidationMark(p) + p.realizedUsd - p.costUsd;
+                return { mint: p.mint, symbol: p.symbol, profile: p.profileId, costUsd: round2(p.costUsd), pnlUsd: round2(pnl), pnlPct: p.costUsd ? Math.round((pnl / p.costUsd) * 1000) / 10 : 0, next: p.stuck ? 'stuck: retried every tick' : null, ...(p.costRecovered ? { freeBag: true } : {}), ...(o.real ? { confirm: o.real.confirmOf(p.mint) ?? 'unconfirmed' } : {}) };
+            }),
+            ledgerTail: ledger.events.slice(-12).map((e) => ({ seq: e.seq, t: e.t, kind: e.kind, text: tailText(e) })),
+            ledgerHead: ledger.head(),
+            events: ledger.events.length,
+            ...(o.real ? { real: o.real.status() } : {}),
+        };
+    };
+    const loop = tapeTicks ? fromArray(tapeTicks) : o.source.ticks;
+    for await (const k of loop) {
+        now = k.t;
+        const v = o.safety?.() ?? null;
+        // task-1645: receipts land in the ledger as data; the real-mode kill switch halts like the panic file.
+        const rs = o.real?.step() ?? null;
+        for (const r of rs?.receipts ?? []) {
+            const dv = r.divergence;
+            ledger.add(now, 'receipt', { tag: 'real-signal', nonce: r.nonce, signalId: r.signalId, status: r.status, fill: r.fill, reason: r.reason, executor: r.executor, ...(dv ? { divergence: dv } : {}) });
+        }
+        const haltWhy = v?.halt ?? (o.killSwitch?.() ? 'kill-switch' : null) ?? rs?.halt ?? null;
+        if (!killed && haltWhy) {
+            killed = true;
+            haltReason = haltWhy;
+            book.state.halted = 'kill-switch';
+            ledger.add(now, 'halt', { reason: haltWhy, ...(v?.detail ? { detail: v.detail } : {}), openPositions: book.open.size, droppedOrders: orders.length });
+            say(`${haltWhy === 'kill-switch' ? 'KILL SWITCH' : haltWhy.toUpperCase()}: no new entries, sessions closed, orders dropped, mechanical exits keep running`);
+            o.approvals?.cancelAll(haltWhy);
+            for (const c of everyLive())
+                await closeCandidate(c, haltWhy);
+            orders.length = 0;
+        }
+        if (v?.flatten && !flattening) {
+            flattening = true;
+            ledger.add(now, 'flatten', { positions: [...book.open.values()].map((p) => ({ positionId: p.id, mint: p.mint })) });
+            say(`FLATTEN: every paper position sells at its next tick (${book.open.size} open)`);
+        }
+        if (v?.endWhenFlat)
+            endWhenFlat = true;
+        const paused = killed ? null : v?.pauseEntries ?? null;
+        if (paused !== entriesPaused) {
+            ledger.add(now, paused ? 'entries_paused' : 'entries_resumed', paused ? { reason: paused } : { after: entriesPaused });
+            say(paused ? `ENTRIES PAUSED (${paused}): no new candidates; open positions keep their exits` : 'entries resumed');
+            entriesPaused = paused;
+            if (paused)
+                o.approvals?.cancelAll(`paused:${paused}`);
+        }
+        // Orders due by now fill at the price AS OF their fill time: the newest row before this one (rows are
+        // written on >= 5 % moves, so no new row means the price had not moved much). Then this row lands. On a
+        // single-coin tape that row can be minutes later; the fill still uses the price as of its fill time.
+        await fillOrders();
+        latest.set(k.mint, k);
+        const h = hist.get(k.mint) ?? [];
+        h.push(k);
+        if (h.length > 120)
+            h.shift();
+        hist.set(k.mint, h);
+        const haltedBefore = book.state.halted;
+        book.roll(now);
+        if (book.state.halted && book.state.halted !== haltedBefore) {
+            ledger.add(now, 'halt', { reason: book.state.halted });
+            o.approvals?.cancelAll(`halted:${book.state.halted}`);
+        }
+        // Held coin → the monitor (mechanical first, then wakes).
+        const pos = book.open.get(k.mint);
+        const chatSell = o.approvals?.takeExit?.(k.mint) ?? null;
+        if (chatSell && !pos)
+            o.approvals?.exitResult?.(chatSell.id, 'not-held');
+        if (pos && chatSell && !flattening) {
+            await sellPosition(pos, k, pos.tokens, 'chat-sell', `sell requested by ${chatSell.via}`);
+            o.approvals?.exitResult?.(chatSell.id, pos.status === 'closed' ? 'sold' : pos.stuck ? 'stuck' : 'partial');
+            if (pos.status === 'closed') {
+                const c = byPosition.get(pos.id);
+                if (c) {
+                    if (c.inflight)
+                        await c.inflight;
+                    await closeCandidate(c, 'position-closed');
+                }
+            }
+        }
+        else if (pos && flattening) {
+            // Flatten: the whole position at this tick; an unsellable one stays stuck and is retried every tick.
+            await sellPosition(pos, k, pos.tokens, 'flatten', 'flatten requested');
+            if (pos.status === 'closed') {
+                const c = byPosition.get(pos.id);
+                if (c) {
+                    if (c.inflight)
+                        await c.inflight;
+                    await closeCandidate(c, 'position-closed');
+                }
+            }
+        }
+        else if (pos) {
+            const prof0 = s.exits.profiles[pos.profileId];
+            // task-1654: a real run's (or a paper scope's) maxHoldMinutes limit tightens the profile's holding cap (never loosens it).
+            const holdCap = o.real?.maxHoldMinutes?.() ?? o.maxHoldMinutes?.() ?? null;
+            const prof = holdCap !== null && (prof0.maxHoldMinutes == null || holdCap < prof0.maxHoldMinutes) ? { ...prof0, maxHoldMinutes: holdCap } : prof0;
+            const acts = monitorTick(pos, prof, k, { minExitLiquidityUsd: x.minExitLiquidityUsd, sellUsd: (tok) => { const f = simSell(k, tok, x, 'estimate'); return 'refused' in f ? 0 : f.usd; } });
+            const wakes = [];
+            for (const a of acts) {
+                if (a.kind === 'sell') {
+                    if (pos.status !== 'open')
+                        break;
+                    await sellPosition(pos, k, a.tokens, a.reason, a.detail);
+                }
+                else if (a.kind === 'add') {
+                    if (killed || book.state.halted)
+                        continue;
+                    const room = Math.min(a.usd, book.state.cashUsd, (book.bookEquity() * s.risk.maxExposurePct) / 100 - book.exposureUsd());
+                    if (room < s.sizing.minUsd) {
+                        refuse('ladder-add-no-room', { positionId: pos.id });
+                        continue;
+                    }
+                    ledger.add(now, 'ladder_trigger', { positionId: pos.id, detail: a.detail, usd: room });
+                    orders.push({ mint: k.mint, fillAt: now + x.latencyMs, decidedPrice: k.price ?? 0, usd: room, firstUsd: room, profile: pos.profileId, sessionId: pos.sessionId, trigger: [], ladder: [], kind: 'add', positionId: pos.id });
+                }
+                else
+                    wakes.push(a.wake);
+            }
+            await wakeSession(pos, wakes, k);
+            if (pos.status === 'closed') {
+                const c = byPosition.get(pos.id);
+                if (c) {
+                    if (c.inflight)
+                        await c.inflight;
+                    await closeCandidate(c, 'position-closed');
+                }
+            }
+        }
+        else {
+            const c = cands.get(k.mint);
+            if (c) {
+                if (rules.screen(k).pass)
+                    c.lastMatch = now;
+                if (now - c.lastMatch > s.entry.candidateTtlSec * 1000 && !orders.some((q) => q.mint === c.mint) && !approvalsOpen.has(c.mint))
+                    await closeCandidate(c, 'candidate-ttl');
+                else if (c.session && !c.positionId) {
+                    const cur = view(k);
+                    const due = (now - c.lastSentT) / 1000 >= s.agent.deltaEverySec || urgent(c.lastSent, cur);
+                    const d = due ? buildDelta(c.lastSent, cur, c.seq + 1, c.since) : null;
+                    if (d) {
+                        c.seq++;
+                        c.lastSent = cur;
+                        c.lastSentT = now;
+                        await post(c, renderDelta(d));
+                    }
+                }
+            }
+            else if (!killed && !entriesPaused && !book.state.halted && (skippedUntil.get(k.mint) ?? 0) <= now) {
+                const sr = rules.screen(k);
+                if (sr.pass) {
+                    // Cheap pre-check so a full book does not spawn sessions it could never act on.
+                    const pre = clampEntry(book, k, {}, killed);
+                    const v = pre.ok && o.vet && !vetted.has(k.mint) ? await vetCoin(k) : null;
+                    if (!pre.ok) {
+                        if (!['already-open'].includes(pre.refused))
+                            count(`precheck:${pre.refused}`);
+                    }
+                    else if (v && !v.ok) {
+                        refuse(v.rule, { mint: k.mint, symbol: k.symbol, stage: 'vet', detail: v.detail });
+                        skippedUntil.set(k.mint, Infinity);
+                        say(`SKIP ${k.symbol} (${k.mint.slice(0, 4)}…): ${v.rule} (${v.detail})`);
+                    }
+                    else if (decideAuto) {
+                        const cand = newCand(k, sr.matched, null, 'candidate', null);
+                        cands.set(k.mint, cand);
+                        ledger.add(now, 'candidate', { mint: k.mint, symbol: k.symbol, matched: sr.matched, tick: view(k) });
+                        await apply(cand, { action: 'enter', reason: 'auto' });
+                        if (!orders.some((q) => q.mint === k.mint) && !approvalsOpen.has(k.mint))
+                            cands.delete(k.mint);
+                    }
+                    else {
+                        const g = gate.canOpen('candidate', liveCandidateSessions());
+                        if (!g.ok)
+                            count(g.reason);
+                        else {
+                            const sid = `s${++sessionsOpened}`;
+                            const session = o.sessions(sid, s, { kind: 'candidate', mint: k.mint });
+                            gate.opened('candidate');
+                            const cand = newCand(k, sr.matched, session, 'candidate', null);
+                            cands.set(k.mint, cand);
+                            ledger.add(now, 'candidate', { mint: k.mint, symbol: k.symbol, matched: sr.matched, tick: view(k) });
+                            ledger.add(now, 'session_start', { sessionId: sid, sessionKind: 'candidate', agent: session.kind, mint: k.mint, model: sessionModel(session, s), budgetUsd: gate.caps.budgetUsdPerSession });
+                            say(`CANDIDATE ${k.symbol} (${k.mint.slice(0, 4)}…) matched ${sr.matched.join(', ')} → session ${sid} (${session.kind})`);
+                            const text = await dossierFn(k, h.slice(0, -1), sr.matched, bounds());
+                            await post(cand, text);
+                        }
+                    }
+                }
+            }
+        }
+        // Session lifetime: a position that closed by ANY path (monitor, agent exit, kill) ends its session;
+        // any session ends at sessionMaxMin (a held position keeps its mechanical exits; respawnOnWake can reopen one).
+        for (const c of everyLive()) {
+            if (c.positionId && !book.open.has(c.mint)) {
+                if (c.inflight)
+                    await c.inflight;
+                await closeCandidate(c, 'position-closed');
+                continue;
+            }
+            if (c.session && now - c.since > s.agent.sessionMaxMin * 60e3)
+                await closeCandidate(c, 'session-max-minutes');
+        }
+        publishFocus();
+        const eq = book.markedEquity();
+        if (!curve.length || curve[curve.length - 1].equity !== eq)
+            curve.push({ t: now, equity: eq });
+        maxDd = Math.max(maxDd, ((book.state.peakEquityUsd - eq) / book.state.peakEquityUsd) * 100);
+        if (o.onState)
+            o.onState(snapshot(killed || book.state.halted ? 'halted' : entriesPaused || gate.blocked || gate.paused() ? 'paused' : 'running'));
+        // A stop or flatten ends the run once nothing is held and nothing is pending (the panic file alone keeps it up).
+        if (killed && endWhenFlat && !book.open.size && !orders.length) {
+            ledger.add(now, 'stopped_flat', { reason: haltReason });
+            say('nothing held: the runner stops');
+            break;
+        }
+        // Paced replays fast-forward while no session is live (nothing is waiting on the market).
+        if (pacing.mode === 'paced' && everyLive().some((c) => c.session && !c.closing))
+            await sleep(pacing.msPerTick);
+    }
+    // End of the tape / source: open proposals are cancelled, replies in flight land, sessions close, what is still open is marked.
+    if (approvalsOpen.size) {
+        o.approvals?.cancelAll(o.tape ? 'end-of-tape' : 'runner-stopped');
+        await Promise.allSettled([...approvalsOpen.values()]);
+    }
+    for (const c of everyLive()) {
+        if (c.inflight)
+            await c.inflight;
+        await closeCandidate(c, o.tape ? 'end-of-tape' : 'runner-stopped');
+    }
+    while (pumps.size)
+        await Promise.allSettled([...pumps]);
+    const openAtEnd = [...book.open.values()].map((p) => ({ mint: p.mint, symbol: p.symbol, markUsd: round2(liquidationMark(p)), costUsd: p.costUsd, stuck: p.stuck }));
+    if (o.real) {
+        // The dead-man's graceful half: the executor hears the run is over (its outstanding nonces may be cancelled).
+        const why = killed ? `halt:${haltReason ?? 'kill'}` : o.tape ? 'end-of-tape' : 'runner-stopped';
+        // r2: what is still open is carried (held.json): the next real run of this strategy adopts it and keeps its exits.
+        o.real.carry([...book.open.values()]);
+        o.real.sendHalted(why);
+        ledger.add(now, 'real_halted', { tag: 'real-signal', reason: why, openAtEnd: openAtEnd.length });
+    }
+    ledger.add(now, 'run_end', { trades: book.closed.length, openAtEnd: openAtEnd.length, cashUsd: book.state.cashUsd, markedEquityUsd: book.markedEquity(), sessionCostUsd: sessionCost, sessions: sessionsOpened, positionSessions: positionSessionsOpened, head: ledger.head() });
+    publishFocus();
+    if (o.onState)
+        o.onState(snapshot('stopped'));
+    return { trades: book.closed, openAtEnd, ledger, book, candidates: ledger.events.filter((e) => e.kind === 'candidate').length, sessions: sessionsOpened + positionSessionsOpened, sessionCostUsd: sessionCost, maxDrawdownPct: Math.round(maxDd * 100) / 100, equityCurve: curve, refusals, clamps: clampCount };
+}
+const round2 = (v) => Math.round(v * 100) / 100;
+/** The exit plan of a profile in one line, for a proposal (engine state only). */
+export function exitPlanLine(p) {
+    const parts = [];
+    if (p.costRecovery)
+        parts.push(`cost back at +${p.costRecovery.atPct}%`);
+    if (p.bagTrail)
+        parts.push(`then a ${p.bagTrail.trailPct}% bag trail`);
+    if (p.tpLadder.length)
+        parts.push(`take profit ${p.tpLadder.map((t) => `+${t.atPct}%`).join(', ')}`);
+    if (p.trailingStop)
+        parts.push(`${p.trailingStop.trailPct}% trail from +${p.trailingStop.armAtPct}%`);
+    if (p.maxHoldMinutes) {
+        const m = p.maxHoldMinutes;
+        parts.push(`out after ${m >= 2880 ? `${Math.round(m / 1440)} days` : m >= 120 ? `${Math.round(m / 60)} h` : `${m} min`}`);
+    }
+    parts.push(p.hardStop.enabled && p.hardStop.atPct !== null ? `stop ${p.hardStop.atPct}%` : 'no hard stop');
+    return `${p.id}: ${parts.join(', ')}`;
+}
+const round4 = (v) => Math.round(v * 1e4) / 1e4;
+/** task-1645: a fill that went out as a trade-fire signal: the ledger row is tagged and names the signal. */
+const sigTag = (f) => { const x = f; const g = x.signal; return g ? { tag: 'real-signal', nonce: g.nonce, signalId: g.id, ...(x.limitClamps?.length ? { limitClamps: x.limitClamps } : {}) } : {}; };
+const fillView = (f) => ({ side: f.side, usd: f.usd, tokens: Number(f.tokens.toPrecision(8)), price: f.price, avgPrice: f.avgPrice, impactPct: f.impactPct, partial: f.partial, reason: f.reason });
+/** Infinity (no runner cap) is written as null so the ledger stays JSON. */
+/** The model a session actually runs (a run's --model override wins over the strategy's), for the ledger. */
+// task-1543: any model-backed session (claude, ollama) records the model it runs; only the stub has none.
+const sessionModel = (x, s) => (x.kind === 'stub' ? 'stub' : x.model ?? s.agent.model);
+const capsView = (g) => Object.fromEntries(Object.entries(g.caps).map(([k, v]) => [k, Number.isFinite(v) ? v : null]));
+/** One short line per ledger event for the runner view (no message text: that stays in the ledger). */
+function tailText(e) {
+    const pick = (...ks) => ks.map((k) => (e[k] === undefined || e[k] === null ? null : `${k} ${typeof e[k] === 'object' ? JSON.stringify(e[k]).slice(0, 60) : String(e[k]).slice(0, 60)}`)).filter(Boolean).join(' · ');
+    switch (e.kind) {
+        case 'candidate': return pick('symbol', 'matched');
+        case 'session_start':
+        case 'session_end': return pick('sessionId', 'sessionKind', 'reason', 'turns', 'costUsd');
+        case 'reply': {
+            const d = e.decision;
+            return `${String(e.sessionId)} ${d?.ok ? `${d.decision.action}: ${d.decision.reason.slice(0, 80)}` : `invalid: ${d?.error ?? '?'}`}`;
+        }
+        case 'fill': return pick('side', 'usd', 'price', 'reason');
+        case 'refused': return pick('rule', 'stage');
+        case 'wake': return pick('event', 'detail');
+        default: return pick('reason', 'mint', 'rule');
+    }
+}
+// ───────────────────────────── host: lock, rendezvous, heartbeat ─────────────────────────────
+//
+// One runner per machine: $DEXTERM_HOME/autotrade/run.lock holds {pid, bootAt, runId, startedAt}. A lock whose pid is
+// gone, or that was written before this boot, is stale and reclaimed; a live one refuses the second runner.
+// The TUI's runner view and the monitor's dead-man read the rendezvous, rewritten (atomic) every 10 s and on change.
+export const RUNNER_RENDEZVOUS_SCHEMA = 'dexterm-autotrade-runner/1';
+export const HEARTBEAT_MS = 10_000;
+export const runLockPath = (home) => join(home, 'autotrade', 'run.lock');
+/** The rendezvous (`dexterm-autotrade-runner/1`); runner.json next to it is the runner CONFIG (§7.3). */
+export const runnerRendezvousPath = (home) => join(home, 'autotrade', 'runner-status.json');
+const bootAt = () => Math.round((Date.now() - uptime() * 1000) / 60_000) * 60_000;
+const alive = (pid) => { try {
+    process.kill(pid, 0);
+    return true;
+}
+catch (e) {
+    return e.code === 'EPERM';
+} };
+export function acquireRunLock(home, runId, now = Date.now()) {
+    const path = runLockPath(home);
+    mkdirSync(join(home, 'autotrade'), { recursive: true, mode: 0o700 });
+    const lock = { pid: process.pid, bootAt: bootAt(), runId, startedAt: now };
+    let reclaimed = null;
+    for (let attempt = 0; attempt < 2; attempt++) {
+        try {
+            const fd = openSync(path, 'wx', 0o600);
+            writeSync(fd, `${JSON.stringify(lock)}\n`);
+            closeSync(fd);
+            return { ok: true, lock, reclaimed };
+        }
+        catch (e) {
+            if (e.code !== 'EEXIST')
+                throw e;
+        }
+        let held = null;
+        try {
+            held = JSON.parse(readFileSync(path, 'utf8'));
+        }
+        catch {
+            held = null;
+        }
+        const stale = !held || typeof held.pid !== 'number' || !alive(held.pid) || Math.abs((held.bootAt ?? 0) - lock.bootAt) > 5 * 60_000;
+        if (!stale)
+            return { ok: false, holder: held };
+        reclaimed = held;
+        rmSync(path, { force: true });
+    }
+    throw new Error(`could not take ${path}`);
+}
+export function releaseRunLock(home, runId) {
+    const path = runLockPath(home);
+    try {
+        const held = JSON.parse(readFileSync(path, 'utf8'));
+        if (held.runId === runId && held.pid === process.pid)
+            rmSync(path, { force: true });
+    }
+    catch { /* gone */ }
+}
+export function writeRendezvous(home, r) {
+    mkdirSync(join(home, 'autotrade'), { recursive: true, mode: 0o700 });
+    writeJsonAtomic(runnerRendezvousPath(home), r);
+}
+/** Age of the runner's heartbeat in ms (Infinity when there is none): the monitor refuses entries on a stale one. */
+export function runnerHeartbeatAge(home, now = Date.now()) {
+    const p = runnerRendezvousPath(home);
+    if (!existsSync(p))
+        return Infinity;
+    try {
+        const d = JSON.parse(readFileSync(p, 'utf8'));
+        return d.state === 'stopped' || typeof d.heartbeatAt !== 'number' ? Infinity : now - d.heartbeatAt;
+    }
+    catch {
+        return Infinity;
+    }
+}