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 1841 with 1.5lot, 1:200 Leverage on 10 Jan 23:00GMT00
»Entry SELL GBPUSD at 1.3560 with 1.5 lot, 1:200 Leverage on 10 Jan
@23:00 GMT00
—Profit/Loss in BUY XAUUSD and SELL GBPUSD from 10 Jan to 15 Jan
BUY XAUUSD
1.5lot@1841 -1841=00points
Profit booked = 00 x $150(1.5lots)=$00
SELL GBPUSD
1.5lot@1.3560 – 1.3570=-10 pips
Loss booked = -10 x $15(1.5lot)= -$150
Overall Profit=$00 – $150= -$150
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 – $11700 with 4signals and 78points gain –Verify
GBPUSD – $4650 with 4Signals and 310pips gain –Verify
While there was a loss by trading without RRR and Level Trading = -$150
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