The Expert Advisor requires
that MetaTrader be running in order to function, MetaTrader 4 needs the
computer to be working properly in order to function. So, if the computer
crashes or there is reboot, power outage or any other type of interruption the
EA will not work. There are two scenarios from this point on.
1. There
was no trades opened when MT4 was shut down.
2.
There was at least one open position when MT4 was shut down.
There was no trades opened when MT4 was shut down. - In this case the only
impact would be missing an opportunity to enter the market.
There was at least one open position when MT4 was shut down. - In this case the
trade would have been opened with a StopLoss and TakeProfit levels that would
remain valid even after the (EA/MT4/computer) was shut off. However, since the
EA is the one that manages the TrailingStop and that is the most common way for
the profitable trades to exit the market given the high TakeProfit level, the
trade would more than likely get stopped out if MT4 is not back on line before
the trade is closed. If there is a computer reboot while a trade is open,
simply start MT-4 after the system is back online and as long as the EA was not
removed from the chart, the EA will pick up right where it left off. It will
recognize its open trade and continue to manage it as usual.
Turning the robot on
and off
If
for any reason you need to turn off the GBPBOT you can do so by clicking the
"Expert Advisors" button on the top toolbar:
When
this button has a white background, it means that Expert Advisors are active
and able to open, close or modify trades.