Trailing Stop Loss XAUUSD Order MT5 Indicator
Developed by J. Welles Wilder & is used to set trailing gold price stops. This Trailing Stop Loss XAUUSD Order Indicator was originally created to analyze trending XAUUSD Markets. It is drawn as a xauusd chart overlay indicator, that is on the gold price chart itself.
This is a very accurate xauusd indicator for providing exit points & thus it is used to set trailing stops and is usually referred to as the "SAR" (stop-and-reversal) - Trailing Stop Loss XAUUSD Order MT5 Gold Indicator.
This Trailing Stop Loss XAUUSD Order MT5 XAUUSD Indicator is drawn above or below the gold price - it is drawn as a series of dots. The length of movement of the SAR will be determined by scale of the gold price movement.
In an upwards xauusd trend the parabolic SAR will be below the gold price. As long as the up xauusd trend continues then the SAR will continue being below gold price - Trailing StopLoss XAUUSD Order Indicator. When gold price move down & the parabolic SAR goes above gold price then the xauusd trend reverses to bearish.
This trailing stop loss xauusd indicator uses a parabolic calculation to plot the sequence of dots, This means that if the gold price stops heading up with the same acceleration, the parabolic will continue with the same acceleration thus at some point the gold price will hit the indicator if it slows down too much.
Interpretation
This Trailing Stop Loss XAUUSD Order MT5 XAUUSD Indicator provides excellent exit points. You should close long positions when the price falls below the SAR and close short positions when the price rises above it.
If you are long, Parabolic SAR - Trailing Stop Loss XAUUSD Order MT5 XAUUSD Indicator will move up every day, regardless of the direction the gold price is moving. The amount this xauusd indicator moves up depends on amount that gold prices move.
The same technical analysis will also apply to a downwards xauusd trend, parabolic SAR - Trailing Stop Loss XAUUSD Order MT5 XAUUSD Indicator will be above the gold price & it should remain above price until bearish down xauusd trend reverses.
The xauusd chart below shows example of the Parabolic SAR in an up xauusd trend xauusd market, You can see how it trailed below gold price (Bullish XAUUSD Market) until when it was hit and the xauusd trend reversed.
