One of the most important parts of any automated trading bot isn't entering trades—it's managing risk after a position has been opened. A stop-loss system is only effective if it continuously monitors orders and reacts correctly to every stage of the order lifecycle.
In this article, I'll walk through the stop-loss architecture I've been implementing in Raven, my no-code framework for building automated prediction market strategies. If you prefer a video walkthrough, you can watch the full implementation here:
Why Monitoring Orders Matters
Placing an order does not mean you have an active position.
When an order is submitted, it simply enters the order book where it waits to be matched. Until that happens, there is no live position to manage.
