{
  "schema": "tradecat_auto.portfolio_risk_policy.v1",
  "schema_version": "1.0.0",
  "mode": "paper",
  "enabled": true,
  "new_entries_enabled": true,
  "limits": {
    "max_daily_loss_usdt": 25,
    "max_drawdown_usdt": 50,
    "max_open_positions": 5,
    "max_positions_per_symbol": 2,
    "max_symbol_notional_usdt": 100,
    "max_total_notional_usdt": 250,
    "max_symbol_risk_usdt": 10,
    "max_symbol_risk_pct": 0.02,
    "max_leverage": 5,
    "min_agent_confidence": 0.65,
    "cooldown_minutes_after_reject": 30,
    "cooldown_minutes_after_close": 15,
    "abnormal_move_halt_bps": 800,
    "max_consecutive_losses": 3
  },
  "kill_switch": {
    "active": false,
    "reason": "",
    "source": "operator_local_policy"
  },
  "provenance": {
    "source": "portfolio_risk_policy_fixture",
    "generated_at": "2026-05-18T00:00:00Z",
    "agent": "hermes"
  },
  "safety": {
    "public_readonly_market_data": true,
    "public_readonly": true,
    "paper_or_watch_only": true,
    "real_orders": false,
    "signed_requests": false,
    "reads_api_keys": false,
    "binance_account_state": false
  },
  "hard_boundaries": {
    "does_not_set_order_size": true,
    "does_not_set_leverage": true,
    "does_not_set_exit_plan": true,
    "real_orders": false,
    "signed_requests": false,
    "reads_api_keys": false
  },
  "limitations": [
    "paper/watch risk rejection policy only",
    "no real exchange order is authorized"
  ]
}