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 1705 with 1.5lot, 1:200 Leverage on 13June @13:00GMT00
»Entry SELL GBPUSD at 1.2725 with 1.5 lot, 1:200 Leverage on 07June @13:00 GMT00
—Profit/Loss in BUY XAUUSD and SELL GBPUSD from 13June to 19June
BUY XAUUSD
1.5lot@1705 – 1744=39 points
Profit booked = 39 x $150(1.5lots)=$5850
SELL GBPUSD
1.5lot@1.2580 – 1.2340= 240pips GAIN
PROFIT booked = 240 x $15(1.5lot)=$3600
Overall Profit=$5850 + $3600 = $9450
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
XAUUSD – $14100 with 5signals and 94points gain –Verify
GBPUSD – $7500 with 4signals and 500pips gain – Verify
»So, overall profit by trading with RRR=$14100(XAUUSD)+$7500(GBPUSD)=$21600
While there was a loss by trading without RRR and Level Trading = $9450
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