Indicators For Setting Stop losses In Silver Trading

Some silver indicators are used for setting stop losses taking away the need for traders to perform complex calculations on where to place these stop loss silver orders.

A trading systems trader can also set a stop loss silver trading order according to these xagusd trading indicators. Some trading technical indicators use mathematical equations to calculate where the order stop loss silver order should be set so as to provide an optimal exit. These silver indicators can be used as the basis for setting stop loss silver orders. These silver indicators follow price action of a silver instrument closely and define the boundaries which the prices should move along in. When the price moves outside these boundaries it is therefore best to close the open trades because price stops moving in that particular direction.

Some of the Technical silver indicators that can be used to set stop loss silver orders are:

Automatic Stop Loss Trading Order and TakeProfit Trading Order Indicator

Parabolic SAR is like an Automatic Stop Loss Trading Order and TakeProfit Trading Order Indicator used to set a trailing price stop loss

The Parabolic SAR provides excellent exit points.

In an upward silver trend, you should close long trade positions when the price falls below the Parabolic SAR indicator

In a downwards silver trend, you should close short trade positions when the price rises above the Parabolic SAR.

If you are long then the price is above the parabolic SAR, the SAR will move up every day, regardless of the direction in which the price is moving. The amount the Parabolic SAR indicator moves up depends on amount that prices moves.

Parabolic SAR - XAGUSD Indicator - Automatic Stop Loss Trading Order and TakeProfit Trading Order Indicator

Picture of parabolic SAR and how it is used

XAGUSD Indicator for Setting Stop Loss Trading Orders

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

Bollinger Bands indicator consist of 3 bands designed to encompass the majority of a silver trading instruments price action. The middle band is a basis for the intermediate term silver trend, mostly it is a 20 day period simple MA, which also serves as the base for calculating the upper band and lower band. The upper band's and the lower band's distance from the mid-band is determined by price volatility.

Since these Bollinger bands are used to encompass the price action, the bands can be used by silver traders to set stop losses just around the area outside of these bands.

Bollinger Bands Setting Stop Loss Trading Order Level - Bollinger Bands Technical indicator

Automatic Stop Loss Trading Order and TakeProfit Trading Order Indicator

Fibonacci retracement areas provide areas of support & resistance, these areas can then be used to set stoploss levels.

Silver Trading Fibo Retracement level 61.8 % is the most commonly used level for setting stop losses. A stop loss order should be set just below 61.8 % fibonacci retracement level

The 61.8 % Fibonacci retracement level technical indicator is used to set these orders since its rarely hit.

Fibo Indicator StopLoss Trading Order Setting at 61.8% Retracement Level

Fibonacci retracement level 61.8% - Fibonacci Indicator

Support & Resistance Levels Lines

Support and resistance levels can be used to set stop loss levels where the stop loss silver orders are set just above or below the support or resistance.

• Buy Trade - Stop Loss Trading Order set few pips below the support

Buy Trade - Stop Loss Trading Order set a few pips below the support

• Sell Trade - Stop Loss Trading Order set few pips above the resistance

Sell Trade - Stop Loss Trading Order set few pips above the resistance