How Do I Calculate Gold Trailing Stop Loss Order?

How Do I Calculate XAUUSD Trailing Stop Loss XAUUSD Order?

A trailing stop loss order setting level can be calculated using gold indicators such as the Parabolic SAR xauusd trading technical indicator.

If the xauusd market rises by a set number of pips the parabolic SAR indicator then adjusts the trailing stop loss level upward accordingly.

Also if the xauusd market falls by a set number of pips the parabolic SAR gold indicator then adjusts the trailing stop loss level downwards accordingly.

Parabolic SAR Indicator

Parabolic SAR is used by traders to set a trailing xauusd price stop loss levels

The Parabolic SAR technical indicator provides good exit points that keep trailing the xauusd price of a gold.

In an upward gold trend, you should close buy xauusd trades when the price falls below the parabolic SAR technical indicator

In a downwards gold trend, you should close short trades when the price rises above the parabolic SAR xauusd trading technical indicator.

Parabolic SAR - XAUUSD Technical Indicator for Setting Trailing Stop Loss Gold Order Levels

Bollinger Bands Technical Indicator

Bollinger bands xauusd trading technical indicator use standard deviation indicator as a measure of volatility. Since standard deviation is a measure of xauusd price volatility, the bands are self-adjusting meaning they widen during periods of higher xauusd price volatility and contract during periods of lower xauusd price volatility.

Bollinger Bands consist of 3 Bollinger bands designed to encompass the majority of a gold trading instruments xauusd price action. The middle trading band is the basis for the intermediate term trend, typically it is a 20 period simple moving average, which also serves as a base for the upper band as well as the lower band. The upper band's and lower band's distance from the middle band is determined by xauusd price volatility.

Since these gold bollinger bands are used to encompass the trading instrument xauusd price action, the bands can be used to set gold stop losses just outside the area of the gold bollinger bands.

Bollinger Bands XAUUSD Indicator - Setting Gold Trailing Stop Loss Order Level using Bollinger Bands Technical Indicator

How Do You Calculate Gold Trailing Stop Loss Order?