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 1741.5 with 1.5lot, 1:200 Leverage on 01June @11:00GMT00
»Entry SELL GBPUSD at 1.2458 with 1.5 lot, 1:200 Leverage on 01June @11:00 GMT00
—Profit/Loss in BUY XAUUSD and SELL GBPUSD from 01June to 05June
BUY XAUUSD
1.5lot@1741.5 – 1678=63 points
Loss booked = 63 x $150(1.5lots)=$9450
SELL GBPUSD
1.5lot@1.2458 – 1.2662= 204pips LOSS
Loss booked = 204 x $15(1.5lot)=$3060
Overall Profit=-$9450 – $3060 = $12510
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 – $11550 with 5signals and 77points gain –Verify
GBPUSD – $2550 with 3signals and 170pips gain – Verify
»So, overall profit by trading with RRR=$11550(XAUUSD)+$2550(GBPUSD)=$14100
While there was a loss by trading without RRR and Level Trading = $12510
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