DislikedAs much as I understand from instructions, it is not usual hedging. If all trades - long EURUSD, long USDCHF and short EURCHF - are set to trigger after bullish candles then, if the first triggered entry is a good one, possibly other two will not trigger at all, and you just win the first one.
At least, that is how I see it logically. First entry is what you try to win and other two are just for backup.
But... I would not set SL if hedging three pairs like this. They equalize each other, and if money management is not too risky then sooner or...Ignored
You are correct Indrek, it is not a usual hedging. That’s why is different then The first approach of cash4u2. You are seeing the correct logic. Not using SL will also work, but with the risk of accumulating too many open orders that could become difficult to manage. Obviously, that could be avoid by using bigger pips range, thus with consequential longer time to come out in profits.
yes MM is everything in this type of system.