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 1863 with 1.5lot, 1:200 Leverage on 16 Nov 11:00GMT00
»Entry SELL GBPUSD at 1.3220 with 1.5 lot, 1:200 Leverage on 16 Nov
@11:00 GMT00
—Profit/Loss in BUY XAUUSD and SELL GBPUSD from 16 Nov to 20 Nov
BUY XAUUSD
1.5lot@1863-1880=17points
Profit booked = 17 x $150(1.5lots)=$2550
SELL GBPUSD
1.5lot@1.3220 – 1.3270=-50 pips
Loss booked = -50 x $15(1.5lot)=-$750
Overall Profit=$3300 + $1500= $4800
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 – $13650 with 5signals and 91points gain –Verify
GBPUSD – $3900 with 5signals and 260pips gain –Verify
While there was a loss by trading without RRR and Level Trading = $4800
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