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 1770 with 1.5lot, 1:200 Leverage on 29June @06:00GMT00
»Entry SELL GBPUSD at 1.2390 with 1.5 lot, 1:200 Leverage on 29June @06:00 GMT00
—Profit/Loss in BUY XAUUSD and SELL GBPUSD from 29June to 03July
BUY XAUUSD
1.5lot@1770-1777=7 points
Profit booked = 7 x $150(1.5lots)=$1050
SELL GBPUSD
1.5lot@1.2390 – 1.2440=50pips
Loss booked = 50 x $15(1.5lot)=$750 Loss
Overall Profit=$1050 – $750= $300
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 – $9600 with 4signals and 64points gain –Verify
GBPUSD – $3150 with 2signals and 210pips gain – Verify
»So, overall profit by trading with RRR=$9600(XAUUSD)+$3150(GBPUSD)=$12750
While there was a loss by trading without RRR and Level Trading = $300
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