I'm guessing this is the RTR model? If so Im not aware that there is a fail safe equipped reciever in it. If the button is not there since you had the car then you'll probably need to upgrade the receive. This is just a guess as I don't have the RTR version of the car.
Serpent Viper 977e, Serpent Project 4x, Serpent 811T-TE Truggy, Serpent 811e 2.1, Serpent SRX2-MH, Serpent SRX-2 RM, Serpent SRX-4, Serpent F110-SF2, Serpent F180, Serpent 748 Natrix WC, Serpent Cobra GT 3.0, Serpent SRX8, Serpent S811 2.2, Baja 5B Flux, Atomic AMZ 1/27th, Schumacher GT12 SS.
Sanwa, Ielasi Tuned Novarossi Racing Engines, Tekin, Hobbywing, Muchmore.