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Gold stop loss and take profit?

2 replies

3 years ago #259245

Hi Im building strategies for XAUUSD.

I only seem to get good results when using huge stop loss and take profits in comparison to Currencies. the first bunch of strategies ive made were based on min stop loss & take profit of 500 and max 3000.

with this size stop loss i assume i cannot test on any other market?

thanks

3 years ago #259246

it is correct pip/step , size, value is different on XAU.

3 years ago #259251

default setting for gold is 0.01/0.01 and because of that 1 pip move is more like move by TICKS, because 1 pip is by this setting move by 0.01

because of that the SL/TP values need to be huge – lets say 10x higher

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