/**
 * Exchange stop-loss trigger price for editPosition (phase-dependent policy).
 */
import type { DslState } from "../../types/dsl/index.js";
/**
 * Stop-loss trigger price sent to the exchange via `editPosition`.
 *
 * **Phase 1** (`phase === 1` and `phase1.enabled !== false`): exchange SL is **only** the
 * `max_loss_pct` absolute floor. Tighter effective floors (retrace / tiers) are enforced via
 * `closePosition` after consecutive breaches — not by moving the exchange stop to that level.
 *
 * **Phase 2** (and `phase1.enabled: false` from open): exchange SL tracks the tier lock floor.
 * In phase 2, `floorPrice` and `tierFloorPrice` match (no separate HW-retrace floor component).
 */
export declare function exchangeStopLossTriggerPx(state: DslState): number;
//# sourceMappingURL=exchange-stop.d.ts.map