Trade Forex Trading

XAUUSD Indicators That Are Used for Taking Profit

Gold Buy Sell Trading Indicators & Gold Exit Indicators

Once traders have learned how to trade the market using analysis indicators that produce bullish signals or bearish signals based on a combination of trend following indicators & trend confirmation indicators then traders need to know more about the indicators that can be used to determine where to place take profit levels & exit open trades - XAUUSD Exit Indicators. These XAUUSD Exit Indicators will be used to calculate where to place and set 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(EA) MT4.

There are many types of indicators that can be used as XAUUSD Exit Indicators to determine where to take profit. One needs to know these technical indicators so as to know when to take-profit and close-out an open trade position.

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

Before learning about the various take profit indicators available in the market and on the MetaTrader 4 software, traders need to know about overbought and oversold levels.

These overbought and over-sold levels are used as profit taking and booking levels & this over-bought and over-sold market analysis will be used to analyze and interpret when to close open trades.

Overbought Level - overbought levels on indicators is when price is above the 80 mark for indicators such as RSI & Stochastic. One will close out open buy trade positions once the indicator is in the over-bought region. The trader won't close the open position immediately after the technical indicator is over-bought but when the indicator leaves this over-bought level and moves back below the 80 mark.

Oversold Level - Oversold levels in xauusd is when price is below the 20 mark for indicators like RSI & Stochastics Oscillator. One will close out open sell trade transactions once the indicator is in the over-sold region. The trader won't close the open position immediately after the technical indicator is over-sold but when the indicator leaves this oversold level and moves back above the 20 mark.

Indicators Explained

Bollinger Band 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 positions.

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 and booking profit levels, traders can use this Fibonacci expansion indicator to set their take-profit areas.

Beginners 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 & learn strategies section, Parabolic SAR indicator course can be found on the learn trading indicators section.

Learn More Topics and Courses:

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Forex Market Traders Seminar

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