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 1770 with 1.5lot, 1:200 Leverage on 06July @06:00GMT00
»Entry SELL GBPUSD at 1.2510 with 1.5 lot, 1:200 Leverage on 06July @06:00 GMT00
—Profit/Loss in BUY XAUUSD and SELL GBPUSD from 06July to 10July
BUY XAUUSD
1.5lot@1770-1810=40 points
Profit booked = 40 x $150(1.5lots)=$6000
SELL GBPUSD
1.5lot@1.2510 – 1.2580=70pips
Loss booked = 70 x $15(1.5lot)=$1050 Loss
Overall Profit=$6000 – $1050= $4950
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 – $13350 with 5signals and 89points gain –Verify
GBPUSD – $3300 with 4signals and 220pips gain – Verify
»So, overall profit by trading with RRR=$13350(XAUUSD)+$3300(GBPUSD)=$16650
While there was a loss by trading without RRR and Level Trading = $4950
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