I know first hand the hedging strategy and have used it and have made money. I will say this to new or novice traders... Your account will always grow and it will always make money but, it will also always be in DD and some of you may not be able to handle that. The best scenario I see is when 1.1 starts getting away in the wrong direction with multiple offsets, make it stop taking trades and execute 1.0 to take the opposite direction in order to balance margin and increase account balance.
This then gets tricky because if the pair reverses, 1.0 is now in DD and the cycle continues. This is why I say your account will always be in DD. For me, that's not an issue. To others, may be hard to take. I leave it up to you to decide.
This then gets tricky because if the pair reverses, 1.0 is now in DD and the cycle continues. This is why I say your account will always be in DD. For me, that's not an issue. To others, may be hard to take. I leave it up to you to decide.