What is the Difference between Stop Entry Gold Order & Stop Loss Gold Order?

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

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

Another difference is that stop entry orders open new trades while stop loss order close open trade transactions.

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

Stop Entry XAUUSD Order Definition & Examples

Stop Loss XAUUSD Order Definition and Examples

What is Difference between Stop Entry Gold Order & Stop Loss Gold Order?