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The daily limit tab allows you to impose some limits to the loss or profits obtained during the trading day. Losses and gains include both open and closed operations (more here).
Whenever you see the word loss, in any of the EA fields, the sign of the number is not relevant.
The EA will always interpret the number as a negative number.For example, in the field Maximum loss per day, you can insert either -200 USD or +200 USD and they will all be interpreted as a maximum allowed loss of 200 USD.
When either one of these levels is reached the EmoGuardian will:
  • Flatten all open positions.
  • Close all pending orders.
  • Close every chart except the chart on which the EmoGuardian is attached.
  • Close all working EAs.
  • Inmediate flatten any trade until the reset time of 00:00:00 (platform time or the specified reset daily time), or until the parameters are reset (in case of imposing a max/minimum equity).
The rationale behind closing all working EAs, is to prevent EAs to open any additional trade when the limits are reached Daily Limits Tab