—NOW as per ForexTrade1 Hedging Strategy with RRR
where you would see the difference how we trade to keep both positions open at the same time using Proper Risk Reward Pattern and LEVEL
SELL EURUSD = $4930 PROFIT
30th Jan. – 70 PIPS GAIN
31st Jan. – LEVEL NOT PERFORMED
1st Feb. – 40 PIPS LOSS
2nd Feb. – 120 PIPS GAIN
3rd Feb. – 140 PIPS GAIN
SELL USDX = $2860 PROFIT
30th Jan. – LEVEL NOT PERFORMED
31st Jan. – 0.6 POINTS GAIN
1st Feb. – 1.1 POINTS GAIN
2nd Feb. – 0.2 POINTS LOSS
3rd Feb. – 0.2 POINTS LOSS
Overall Profit = $4930 + $2860 = $7790
—We are using 20 pips STOP LOSS in EURUSD and 0.2 points STOP LOSS in USDX
We entered EURUSD
Check our ALL Entry – EXIT – SL/TP details in below link
Verify HERE » CLICK ME
At the same time, We entered USDX
Check our ALL Entry – EXIT – SL/TP details in below link
Verify HERE » CLICK ME