Trade Forex Trading

XAUUSD Indicators That Are Used for Taking Profit

Gold Buy Sell Trading Indicators & Gold Exit Technical Indicators

Once traders have learned how to trade the market using trading analysis indicators that produce bullish signals or bearish signals based on a combination of trend following technical indicators & trend confirmation indicators then traders need to know more about the technical indicators that can be used to determine where to place take profit levels and exit open trades - XAUUSD Exit Indicators. These XAUUSD Exit Indicators will be used to calculate where to place a take profit level for a trade - after a trade has been opened. These indicators can also be used by EA traders to Program Auto Stop Loss Order & Take-Profit Order EA MT4 - Auto Stop Loss Order & Take-Profit Order Expert Advisor MetaTrader 4.

There are many types of indicators that can be used as XAUUSD Exit Indicators to determine where to take profit. A trader needs to know these indicators so as to know when to take profit and close an open trade transaction.

How to Analyze The Market To Know Where to Take-Profit

Before learning about the various take profit indicators available in the market and on the MT4 software, traders need to know about overbought and over-sold levels.

These overbought and oversold levels are used as profit taking levels and this overbought and oversold market analysis will be used to analyze when to close open trades.

Over-bought Level - overbought levels on indicators is when price is above the 80 mark for indicators such as RSI & Stochastic. A trader will close open buy trades once the technical indicator is in the over-bought region. The trader will not close the open trade immediately after the indicator is overbought but when the indicator leaves this overbought level & moves back below the 80 mark.

Oversold Level - Oversold levels in xauusd is when price is below the 20 mark for indicators such as RSI technical indicator & Stochastic Oscillator. A trader will close open sell trades once the technical indicator is in the over-sold region. The trader will not close the open trade immediately after the indicator is oversold but when the technical indicator leaves this over-sold level & moves back above the 20 mark.

Indicators Explained

Bollinger Bands Indicator - a trader will use the upper Bollinger bands and lower Bollinger bands to determine the levels where they can set their take-profit levels for their open trade transactions.

Parabolic SAR - Parabolic SAR indicator is a price trend following indicator that draws dots below the price in an upwards trend and draws dots above the price in downwards trend. These dots trail the price - in an upward trend these dots trail the upward trend below the trend & can be used to set where to close a buy trade - XAUUSD Exit Indicators. In a downward trend these dots trail above the price & can be used to know when to close open sell trades.

XAUUSD Fib Expansion - Fib expansion trading indicator is used to calculate where to set taking profit levels, traders can use this Fibonacci expansion trading indicator to set their take profit areas.

Traders can learn more about the Fib expansion technical indicator from the learn lessons section, while the Bollinger bands indicator is explained on the learn indicators and learn strategies section, Parabolic SAR indicator tutorial can be found on the learn trading indicators section.

Learn More Topics & Lessons:

Forex Market Traders Seminar Gala

Forex Market Traders Seminar

XAUUSD Broker