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 1803 with 1.5lot, 1:200 Leverage on 17 Jan 23:00GMT00
»Entry SELL GBPUSD at 1.3600 with 1.5 lot, 1:200 Leverage on 17 Jan
@23:00 GMT00
—Profit/Loss in BUY XAUUSD and SELL GBPUSD from 17 Jan to 22 Jan
BUY XAUUSD
1.5lot@1803 -1857=54points
Profit booked = 54 x $150(1.5lots)=$8100
SELL GBPUSD
1.5lot@1.3600 – 1.3650=50 pips
Loss booked = 50 x $15(1.5lot)= -$750
Overall Profit=$8100 – $750= $7350
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 – $16650 with 7signals and 111points gain –Verify
GBPUSD – $3150 with 3Signals and 210pips gain –Verify
While there was a loss by trading without RRR and Level Trading = $7350
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