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 XAUUSD at 1671 with 1.5lot, 1:200 Leverage on 20April@00:00 GMT00
»Entry SELL GBPUSD at 1.2480 with 1.5 lot, 1:200 Leverage on 20April@00:00 GMT00
—Profit/Loss in BUY XAUUSD and SELL GBPUSD from 20 April to 24 April
BUY XAUUSD
1.5lot@1671 – 1730 = 50 points gain
Profit booked = 50 x $150(1.5lots)=$8850
SELL GBPUSD
1.5lot@1.2480 – 1.2300 = 180pips gain
Profit booked = 180 x $15(1.5lot)=$2700
Overall Profit=$8850 + $2700=$11550
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 – $23550 with 5signals and 157points gain – Verify
GBPUSD – $8250 with 5signals and 550pips gain – Verify
»So, overall profit by trading with RRR=$23550(XAUUSD)+$8250(GBPUSD)=$31800
»While the profit by trading without RRR and Level Trading = $11550
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