Do you have anything else on your copter that could be causing interference like a FPV transmitter?
Is it an wide open field that you fly at?
I would yes.... Can you get to a more open field?
Well, I just flew it out in the open, and the red lights went out.... Hooray. I tried failsafe, and it worked very well(bit of a bumpy landing).....
but is quite unnerving.