This is the story of a production bug I fixed, turned into a book. It's also why most algorithmic traders fail. Every algorithmic trader thinks they understand stop-loss and take-profit (SL/TP). Most are wrong. Not subtly wrong — catastrophically wrong in ways that don't show up in backtesting but destroy live systems. This is the opening chapter of my second book , and it's the reason I wrote the whole series. The Naive Implementation Here's what the original code looked like in our production system: struct Position { entry_price : Decimal , sl_price : Decimal , tp_price : Decimal , sl_triggered : bool , tp_triggered : bool , } fn check_sl_tp ( position : & mut Position , current_price : Decimal ) { if current_price <= position .sl_price && ! position .sl_triggered { position .sl_triggered = true ; close_position ( position ); } if current_price >= position .tp_price && !…