What is the use of the Panic control option?

The panic control button allows traders to swiftly manage their trading activities in volatile markets. On the uTrade Algos platform, the panic control button, located in the top right dropdown menu, offers two options: ‘Stop all’ and ‘Pause all’.

• ‘Stop all’ terminates all active strategies and closes any open positions in the market.
• ‘Pause all’ halts further execution without affecting existing open positions.

This feature helps traders to swiftly respond to market fluctuations, mitigate risks, and regain control over their trading operations.