What is EQUITY STOP ?
Equity stop is like stop loss but as a percentage of the balance on the drawdown, this means that if you work with a prop firm and you do not want to go above 2% risk in loss then the robot will cut all positions when 2% is reached.
Why is it better to work with an equity stop and not a stop loss?
Because the market moves all the time, putting a stop loss with a very precise point allows the broker to fill its bag, an equity stop you have a better chance of letting the market work and return to positive without losing.
If the percentage is touched we can't do anything the robot closes, but you also have the possibility of deactivating this option in the setting.