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
Risk Reward Ratio(RRR) and Levels and hold Signal against Hedged Signal
—Let’s say,
»Entry BUY XAUUSD at 1810 with 1.5lot, 1:200 Leverage on 20July @11:00GMT00
»Entry SELL GBPUSD at 1.2640 with 1.5 lot, 1:200 Leverage on 20July @11:00 GMT00
—Profit/Loss in BUY XAUUSD and SELL GBPUSD from 20July to 24July
BUY XAUUSD
1.5lot@1810-1907=97points
Profit booked = 97 x $150(1.5lots)=$14550 Profit
SELL GBPUSD
1.5lot@1.2640 – 1.2750=110pips
Loss booked = 110 x $15(1.5lot)=$1650 loss
Overall Profit=- $1650 + $14550= $12900
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 – $18450 with 5signals and 123points gain –Verify
GBPUSD – $2550 with 2signals and 170pips gain –Verify
»So, overall profit by trading with RRR=$18450(XAUUSD)+$2550(GBPUSD)=$21000
While there was a loss by trading without RRR and Level Trading = $12900
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