There can be Two hedging
1 » without RiskReward Ratio
2 » with RiskReward Ratio (as we do)
1st Type of Hedging where you don’t follow
RiskReward Ratio(RRR) and Levels and hold Signal against Hedged Signal
—Let’s say,
»Entry BUY USDCAD at 1.4350 with 2lot, 1:200 Leverage on 22mar@22:00 GMT00
—Let’s say,
»Entry BUY XAUUSD at 1485 with 1.5lot, 1:200 Leverage on 23MAR@06:00 GMT00
»Entry SELL GBPUSD at 1.1710 with 1.5 lot, 1:200 Leverage on 23MAR@06:00 GMT00
—Profit/Loss in BUY XAUUSD and SELL GBPUSD from 23mar to 26mar
BUY XAUUSD
1.5lot@1485-1637= 152 points gain
Profit booked = 152 x $150(1.5lots)=$22800
SELL GBPUSD
1.5lot@1.1710-1.2150 = 440pips loss
Loss booked = 440 x $15(1.5lot)=$6600
Overall Profit=$22800-$6600=$16200
Hedging as per ForexTrade1 with Risk: Reward Ratio(RRR) and Level Trading
—NOW as per ForexTrade1 Hedging Strategy with RRR
where you would see the difference how we trade keep both positions open at the same time using Proper Risk Reward Pattern and LEVEL
—BUY XAUUSD when we SELL GBPUSD USING 20 pips STOP LOSS in GBPUSD and 5points Stop Loss in XAUUSD
We Entered XAUUSD
Check our ALL Entry – EXIT – SL/TP details in below link
Verify HERE >> CLICK ME
At the same time, we entered GBPUSD
Check our ALL Entry – EXIT – SL/TP details in below link
Verify HERE >> CLICK ME
With Risk: Reward Ratio& Level Trading
XAUUSD – $42450 with 5signals and 283points gain – Verify
GBPUSD – $15900 with 6signals and 1060pips gain – Verify
»So, overall profit by trading with RRR=$42450(XAUUSD)+$15900(GBPUSD)=$58350
»While the profit by trading without RRR and Level Trading = $16200
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