Trailing Stop Loss XAUUSD Order Levels Gold Technical Analysis and Trailing Stop Loss XAUUSD Order Levels Gold Trading Signals
Developed by Tushar Chande.
This is a volatility based indicator that is used to estimate levels to set trailing stop loss order levels. The distance at which it estimates the trailing stop loss order level is determined based on market volatility.
The Trailing Stop Loss Gold Order Calculator Indicator Levels are two lines, these two lines represent:
- Long Trailing Stop Loss Gold Order Calculator Indicator Level - Blue Line
- Short Trailing Stop Loss Gold Order Calculator Indicator Level - Red Line
The long trailing stop loss order line has a much wider range than in terms of where it trails the stop loss as compared to the short trailing stop loss order line which implements a tight stop loss.
This Gold Trailing Stop Loss Order Example is volatility based when it comes to trailing and following the xauusd price action. Trailing Stop Loss Gold Order Levels Gold Indicator will trail the above the xauusd price in a downward gold market trend and trail below the xauusd price in an upward xauusd trend.
XAUUSD Trailing Stop Loss XAUUSD Order Example Indicator XAUUSD Trading Signals
Gold Trailing Stop Loss Order Levels will be calculated using volatility to calculate where to draw the indicator - this Gold Trailing Stop Loss Order Levels Gold Indicator is then used to determine what levels to set stop loss orders.
XAUUSD Trailing Stop Loss Order Example Trading Indicator Gold Trading Signals
In an upward gold trend these trailing stop loss order lines will follow the upward trend below the xauusd price. The trader can use either the short trailing stop loss order level line to set up a tight stop loss order or the long trailing stop loss order level to set a stop loss order that is not very tight. As the xauusd price goes higher the trailing stop loss order line also goes higher. An exit gold signal is generated when price crosses below these trailing stop loss order lines.
Gold Trailing Stop Loss Order Example Indicator on Gold Upward Trend
XAUUSD Trailing Stop Loss Order Example Trading Indicator XAUUSD Trading Signals
In a downward gold trend the trailing stop loss order lines will trail above the xauusd price and these two trailing stop loss order levels can be used to set trailing stop loss orders. As the xauusd price drops further these trailing stop loss order lines will continue to drop lower and follow the xauusd price lower. An exit gold signal is generated when price crosses above these trailing stop loss order lines.
Gold Trailing Stop Loss Order Example Indicator on XAUUSD Downward Trend
When xauusd price starts to retrace these trailing stop loss orders will not retrace but will remain at their trailing stop loss order levels, this will mean at some point the open gold trade will be closed by the trailing stop loss order lines calculated by the - Gold Trailing Stop Loss Order Example Indicator.
Gold Trailing Stop Loss Order Example Indicator - Gold Trailing Stop Loss Order Example - Trailing Stop Loss Gold Order MetaTrader 4 XAUUSD Indicator