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 1902 with 1.5lot, 1:200 Leverage on 19 Oct 14:00GMT00
»Entry SELL GBPUSD at 1.3020 with 1.5 lot, 1:200 Leverage on 19 oct
@14:00 GMT00
—Profit/Loss in BUY XAUUSD and SELL GBPUSD from 19 Oct to 23 Oct
BUY XAUUSD
1.5lot@1902-1911=9points
Profit booked = 9 x $150(1.5lots)=$1350
SELL GBPUSD
1.5lot@1.3020 – 1.3060=40 pips
Loss booked = 40 x $15(1.5lot)=-$600
Overall Profit=$1350 – $600= $750
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 – $10800 with 5signals and 72points gain –Verify
GBPUSD – $5850 with 5signals and 390pips gain –Verify
While there was a loss by trading without RRR and Level Trading = $750
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