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
Risk Reward Ratio(RRR) and Levels and hold Signal against Hedged Signal
—Let’s say,
»Entry BUY XAUUSD at 1962 with 1.5lot, 1:200 Leverage on 31 Aug 14:00GMT00
»Entry SELL GBPUSD at 1.3400 with 1.5 lot, 1:200 Leverage on 31 Aug @14:00 GMT00
—Profit/Loss in BUY XAUUSD and SELL GBPUSD from 31Aug to 4Sept
BUY XAUUSD
1.5lot@1962-1950=12points
Loss booked = 12 x $150(1.5lots)=$1800
SELL GBPUSD
1.5lot@1.3400 – 1.3220=180 pips
Profit booked = 180 x $15(1.5lot)=$2700
Overall Profit=-$1800 + $2700= $900
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 – $16800 with 6signals and 112points gain –Verify
GBPUSD – $7950 with 6signals and 530pips gain –Verify
»So, overall profit by trading with RRR=$16800(XAUUSD)+$7950(GBPUSD)=$24750
While there was a loss by trading without RRR and Level Trading = $900
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