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 1893 with 1.5lot, 1:200 Leverage on 03 Jan 23:00GMT00
»Entry SELL GBPUSD at 1.3680 with 1.5 lot, 1:200 Leverage on 03 Jan
@23:00 GMT00
—Profit/Loss in BUY XAUUSD and SELL GBPUSD from 03 Jan to 08 Jan
BUY XAUUSD
1.5lot@1893 -1910=17points
Profit booked = 17 x $150(1.5lots)=$2250
SELL GBPUSD
1.5lot@1.3680 – 1.3540 =140 pips
Profit booked = 140 x $15(1.5lot)= $2100
Overall Profit=$2250 + $2100= $4350
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 – $14100 with 7signals and 94points gain –Verify
GBPUSD – $8850 with 6signals and 590pips gain –Verify
While there was a loss by trading without RRR and Level Trading = $4350
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