here 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
Without Risk: Reward Ratio and Level Trading
—Let’s say,
»Entry BUY XAUUSD at 1785 with 1.5lot, 1:200 Leverage on 22nd Feb 1:00GMT00
»Entry SELL GBPUSD at 1.3910 with 1.5 lot, 1:200 Leverage on 22nd Feb
@1:00 GMT00
—Profit/Loss in BUY XAUUSD and SELL GBPUSD from 22nd Feb to 26th Feb
BUY XAUUSD
1.5lot@1785 -1767=18 points
Loss booked = 18 x $150(1.5lots)=-$2700
SELL GBPUSD
1.5lot@1.4050 – 1.3890=160 pips
Loss booked = 160 x $15(1.5lot)= $2400
Overall Profit=-$2700 – (+$2400) = -$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
While there was a loss by trading without RRR and Level Trading = -$300
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