Pip count and ATR indicator for Gold/silver/oil/dj30/uk100

Hi All,

I have a question around pips in Gold, Silver, Oil, DJ30 and on UK 100.


I am using ATR as my stop loss, but I find it difficult to comprehend the ATR reading for Gold, Silver, Oil, DJ30, UK100.
As their pips reading are different compare to Forex's pips.

Can any of the member please help me ?


Many Thanks,
Leo

What is your system for using ATR as a stop? Just out of curiosity, I am imagining that when the ATR hits a certain level you are flattening your trades?

Here is an old post of how to break down PIPS in terms of Gold using I think 10 USD movements in price.
However, I wrote this before most brokers started using fractional pips.
ie EUR/USD 1,38001

Some brokers although quote in fractional pips will still show your your P/L by rounding up or down - so you can still set stops for 100 pips instead of 1000.
Other brokers have changed the term altogether to "Units" I think Oanda does this.
As well as many other MT4 bucket shops you now have to enter 1000 for 100.

This makes entering values in gold ESPECIALLY frustrating.

So we also need to know how your broker is reflecting an example price for gold of 1350.00 - and what type of value you need to enter to place stops/limits and trades.

In gold trading we can find different kinds of it: Spot Trading, Gold ETFs, binary options, buying gold bars, gold accounts, gold coin collection, gold certificate, mining company’s stock and gold futures