How Do You Interpret the Difference between Gold Stop Entry Gold Order & Stop Loss Gold Order?

How to Interpret the Difference between XAUUSD Stop Entry XAUUSD Order & Stop Loss XAUUSD Order

Gold Stop Entry Gold Order - Gold Stop orders are set to buy above or to sell below the current market xauusd price. Stop entry orders are automatically executed so as to open new xauusd trades once the xauusd price reaches the specified stop entry xauusd price region.

Stop Loss Gold Order - Stop loss orders are gold orders set by traders to close a gold trade automatically after xauusd price has moved against their open gold trade position by a number of specified pips. This is done to prevent more losses for that particular gold trade. A gold stop loss is automatically executed by the MT4 software.

Another difference is that gold stop entry orders open new trades while stop loss order close open xauusd trades.

To learn more about Stop Entry Gold Order & Stop Loss Gold Order

Gold Stop Entry Gold Order Definition Example

Stop Loss Gold Order Definition Example

What's Difference between Stop Entry XAUUSD Order & Stop Loss Gold Order?

How Do I Read the Difference between Gold Stop Entry Gold Order & Stop Loss Gold Order