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 1691 with 1.5lot, 1:200 Leverage on 03May@22:00 GMT00
»Entry SELL GBPUSD at 1.2485with 1.5 lot, 1:200 Leverage on 03May@22:00 GMT00
—Profit/Loss in BUY XAUUSD and SELL GBPUSD from 03May to 08May
BUY XAUUSD
1.5lot@1691 – 1722= 31 points gain
Profit booked = 31 x $150(1.5lots)=$4650
SELL GBPUSD
1.5lot@1.2485 – 1.2350 = 135pips gain
Profit booked = 135 x $15(1.5lot)=$2025
Overall Profit=$4650 + $2025=$6675
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
With Risk: Reward Ratio& Level Trading
XAUUSD – $18900 with 6signals and 126points gain – Verify
GBPUSD – $7650 with 5signals and 510pips gain – Verify
»So, overall profit by trading with RRR=$18900(XAUUSD)+$7650(GBPUSD)=$26550
»While there was a loss by trading without RRR and Level Trading = $6675
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