Disliked{quote} Can you give an example please, I personally think this strategy benefits only broker if you add all the costs, why not be a trend trader or counter trend for that matter?Ignored
It's another tool to your belt, being able to what I like to call "Counter-Trade" by longing and shorting the same currency pair as a short-term hedging strategy.
Good for times of spikes like NFP where market tends to spike both ways before making the actual move.
Attach TP's, trailing stop losses and you can't lose!!
(Technically you can, but it makes a good saying)
Even the worst trade can close with profit. Just give it time.