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Many traders use the EmoGuardian on a VPS server to monitor their trading operations, or the operations taken by other EAs. Sometimes an unexpected event might take place that can change the overall market sentiment and that might cause an unwanted behavior of some EAs. In these cases, the best solution might be to stop all trading operations and kill all EAs. By having an emergency signal, this operation can be done using MT5 mobile app or any other device without the need to access the VPS server.

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Signature trades (i.e. Emergency Signals)

Create a “signature trade” to use as an emergency signal: this checkbox allows you to create a ‘signature’ trade that will be interpreted by the EmoGuardian as an emergency signal. ACTION TAKEN: When this signal is received all open positions will be closed, all EAs will be killed, and any open order will be removed. Here you have two options: a) Use a trade with a combination of symbol + volume. b) Use an order with a combination of comment/Volume: open MT5 and create an order on any symbol with a random price, insert the comment and volume that create the signature. 2. Use a trade with a combination of symbol + volume symbol to use for signature trade: the signature trade can be created using a combination of “symbol + volume” or a combination of “comment + volume”. To use the latter method just open MT5 and create an order on any symbol, and with a random price and insert the comment and volume that create the signature (see video below)

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Why might you need an emergency signal?

Many traders use the EmoGuardian on a VPS server to monitor their trading operations, or the operations taken by other EAs. Sometimes an unexpected event might take place that can change the overall market sentiment and that might cause an unwanted behavior of some EAs. In these cases, the best solution might be to stop all trading operations and kill all EAs. By having an emergency signal, this operation can be done using MT5 mobile app or any other device without the need to access the VPS server.