Hi Everybody,
I have this question that I may like Someone to answer it please.
let Says I am trading EUR/AUD where the pip value is 0.675$ per 1 lot and I have 2 orders opened.
Buy 0.71 LOT at 1.6300 With a TP of 1.6360 and a SL of 1.6210
Sell 1.22 LOT at 1.6270 With a TP Of 1.6210 and a SL of 1.6360
This will lead that I will be out of all my positions whenever the prices hits 1.6210 or 1.6360, but due to the difference between the two positions size, if the price went up I will end up in a loss.
now lets say the price is hovering between 1.6270 and 1.6300, and I want to fully hedge my positions where if the price either hits 1.6210 and 1.6360, I will end up with a Zero sum from the opened positions.
what is the Size of my long position shall be and at what price?
any answer is highly appreciated.
I have this question that I may like Someone to answer it please.
let Says I am trading EUR/AUD where the pip value is 0.675$ per 1 lot and I have 2 orders opened.
Buy 0.71 LOT at 1.6300 With a TP of 1.6360 and a SL of 1.6210
Sell 1.22 LOT at 1.6270 With a TP Of 1.6210 and a SL of 1.6360
This will lead that I will be out of all my positions whenever the prices hits 1.6210 or 1.6360, but due to the difference between the two positions size, if the price went up I will end up in a loss.
now lets say the price is hovering between 1.6270 and 1.6300, and I want to fully hedge my positions where if the price either hits 1.6210 and 1.6360, I will end up with a Zero sum from the opened positions.
what is the Size of my long position shall be and at what price?
any answer is highly appreciated.
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