When the customer first installs the Traide Ringer they are required to modify the inputs. At this time the customer, learning from tutorials, can either keep the default settings or adjust them according to their risk appetite.
These inputs will cause the Traide Ringer to set both a Stop Loss and a Take Profit when a trade is open and is either heading in a positive or negative direction. There is also the Equity Protector, which allows the customer to determine the percentage of their entire trading balance they are willing to lose before the software closes all the trades.
The software does not automatically close trades prior to news events or on a specific day, like Thursday. This must be done manually and only takes a few minutes.