Yes, the risk is in the cross-pair... as noted before a couple of times, if (when) our main pairs both hit, in sort of a semi-hedge, we have, in essence the cross pair.. Seems to me, instead of just cancelling the cross pair secondary hedge, we leave it on at a pre-determined max loss level. If that point gets hit, then we would be completely hedged, until we decide to remove either side,... at least having time to decide what to do.
But, what is that level? 60p, 100p, 300p ?? I think I saw where one trade came back from -65p to make a few pips. So might take some thought...
But, this at least would cover us a bit, not a TOTAL no-stop system...
But, what is that level? 60p, 100p, 300p ?? I think I saw where one trade came back from -65p to make a few pips. So might take some thought...
But, this at least would cover us a bit, not a TOTAL no-stop system...