Emergency Close is designed as a risk management feature to protect your capital during sudden market reversals. Its usefulness depends on your trading style and strategy.
๐ง Recommended Use Cases
Day Trading or Swing Trading
- Best suited for short-term trades where positions are frequently opened and closed
- Protects your profits or limits losses during sudden crashes or pumps
Example:
- You are holding multiple trades during a volatile market day
- A crash occurs, and Emergency Close automatically exits all long trades after the minimum hold time
High-Volatility Markets
- Ideal when trading coins that experience sudden spikes or drops
- Works well with Smart TP and DCA strategies to minimize risk
โ When to Avoid
Long-Term Holding / HODL
- If your strategy involves holding positions for days, weeks, or months, enabling Emergency Close could prematurely exit trades during normal market fluctuations
- Emergency Close is not suitable for long-term investing, as it may close profitable trades unnecessarily
๐ Key Points
- Enables automatic protection during extreme market moves
- Should be enabled for short-term, responsive strategies
- Should be disabled for long-term positions to avoid unintended exits
In short, enable Emergency Close when actively trading short-term or swing positions, and disable it for long-term holding strategies to prevent unnecessary closures.