Setting Emergency Stops
Emergency stop values are set in the Maximum tab of the OpenTrade Manager. The OpenTrade Manager is found in the System Managers window.
The values EmergencyStoploss and EmergencyTakeProfit are found on the Maximum tab.
- Many MetaTrader brokers will not allow a trade to be opened with a zero-value stoploss or takeprofit. In this case, a very large value can be used as the stoploss and takeprofit that is assigned to the order.
- These values can also be used as actual emergency stops. In the event that your Expert Advisor is no longer running or can NOT connect to the broker's server for any reason, these emergency stops are the only values that will close the trade (aside from a margin call !).
