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 1685 with 1.5lot, 1:200 Leverage on 13April@06:00 GMT00
»Entry SELL GBPUSD at 1.2520 with 1.5 lot, 1:200 Leverage on 13April@06:00 GMT00
—Profit/Loss in BUY XAUUSD and SELL GBPUSD from 13 April to 16 April
BUY XAUUSD
1.5lot@1685 – 1738 = 53 points gain
Profit booked = 53 x $150(1.5lots)=$7950
SELL GBPUSD
1.5lot@1.2520 – 1.2480 = 40pips gain
Profit booked = 40 x $15(1.5lot)=$600
Overall Profit=$7950 + $600=$8550
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 – $22950 with 6signals and 153points gain – Verify
GBPUSD – $6300 with 4signals and 420pips gain – Verify
»So, overall profit by trading with RRR=$22950(XAUUSD)+$6300(GBPUSD)=$29250
»While the profit by trading without RRR and Level Trading = $8550
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