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 1923 with 1.5lot, 1:200 Leverage on 24 Aug 19:00GMT00
»Entry SELL GBPUSD at 1.3070 with 1.5 lot, 1:200 Leverage on 24 Aug @19:00 GMT00
—Profit/Loss in BUY XAUUSD and SELL GBPUSD from 24Aug to 28Aug
BUY XAUUSD
1.5lot@1923-1974=51points
Profit booked = 51 x $150(1.5lots)=$7650
SELL GBPUSD
1.5lot@1.3070 – 1.3320=250 pips
Loss booked = 250 x $15(1.5lot)=$3750
Overall Profit=-$3750 + $7650= $3900
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 – $25500 with 5signals and 170points gain –Verify
GBPUSD – $5400 with 5signals and 360pips gain –Verify
»So, overall profit by trading with RRR=$25500(XAUUSD)+$5400(GBPUSD)=$30900
While there was a loss by trading without RRR and Level Trading = $3900
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