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On Kalshi's KXBTC15M series (most liquid market), this strategy checks conditions every 30 seconds and works through three rules in order, stopping at the first that matches. Rule 1 exits: if it holds any position and unrealized loss on that position is at or below -25, it sells the entire position. Rule 2 enters a YES position of 50 contracts when Bitcoin spot price and its 26-period 15-minute EMA are both positive, spot sits above the strike while the EMA sits below it, one-minute velocity is positive, no position or resting order exists, fewer than 3 portfolio positions are open, spread is at most 0.03, time to expiry is between 2 and 5 minutes, and the YES best ask is between 0.35 and 0.65. Rule 3 mirrors this for NO: spot below strike, EMA above strike, velocity negative, same position, order, portfolio, spread, expiry, and price-band checks, with the NO best ask between 0.35 and 0.65. Entry orders are immediate-or-cancel, capped at 50 contracts and one entry per market.