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 1731 with 1.5lot, 1:200 Leverage on 19May@06:30 GMT00
»Entry SELL GBPUSD at 1.2260with 1.5 lot, 1:200 Leverage on 19May@06:30 GMT00
—Profit/Loss in BUY XAUUSD and SELL GBPUSD from 19May to 22May
BUY XAUUSD
1.5lot@1731- 1736=5 points gain
Profit booked = 5 x $150(1.5lots)=$750
SELL GBPUSD
1.5lot@1.2260- 1.2160= 100pips gain
Profit booked = 100 x $15(1.5lot)=$1500
Overall Profit=$750+ $1500=$2250
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 – $10650 with 5signals and 71points gain – Verify
GBPUSD – $3450 with 4signals and 230pips gain – Verify
»So, overall profit by trading with RRR=$10650(XAUUSD)+$3450(GBPUSD)=$14100
While there was a loss by trading without RRR and Level Trading = $2250
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