What is the "Panic Sell"?
Panic Sell is a feature to protect the user from bigger losses.
When a signal hits the stop-loss (indicated on the signal) and the user has open positions and no stop order to cover, panic sell will be activated. Anny will sell the entire outstanding balance with a market order.
Anny will close the outstanding balance with a market order to protect the user from further losses.
It's for users that have the auto stop turned on and for some disastrous reason the stop doesn't work, such as:
- by mistake, the user canceled the stop
- the high volatility in the trailing stop-loss didn't let the trailing re-arm
- cases where a limit sell order remained open and forgotten and hit the stop
Is it possible to turn it off?
The panic sell is an auto stop feature. If you use the auto stop, the panic sell will trigger when you are discovered. So, you need to give up on the auto stop feature to disable panic sell.