Disliked{quote} I am concentrating on getting the right divergence signals so currently using a 20 pip SL with 40 pip TP on each trade or the last swing Hilo for SL and adjusting as necessary. I think the hedging might be helping with the DD as well instead of just closing out the trade. I also move my TP point out if the trade looks good for it. Also have a habit of moving the SL out a bit to give the trade some room to move. I suspect the low DD is due to me finding some good trades that dont dither around. Make sure you confirm the move on M5 chart as...Ignored
Let's say you are short and that at some point you think it is about to turn so you close. Instead of just closing you can simply hedge so all your current profits are locked in. If the hedged position starts to look like a good call, then you can close the short. This way you haven't lost any pips from the short because the hedge has picked them up and now need to protect the hedge with a stop.
If the hedge turns out to be a bad call, then you can simply close all so no harm done for trying.
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