Disliked{quote} No, what you are saying makes zero sense, because that's not a hedge. The idea of a hedge is to hedge profits, not losses, or to hedge the risk. And, your idea to place an opposite pending (Stop) order at a specific distance means that your first position will be losing money. This is nothing like a hedge. A hedge is an opposite position on a different instrument which is negatively correlated with the first instrument. And a hedge is an opposite position of the same volume on the same instrument, when in profit. All else is not a hedge,...Ignored
I don't think you understand my friend.The script would open one trade of say .01 lots in one direction and if price suddenly retracts it will open one trade of say .01 lots in the other direction. If the distance is say 10 pips then one us looking at a floating loss of $1 which can recovered using a sound scaling in strategy. This is a HEDGING strategy and it's the way I trade and has saved me an awful lot of money. So maybe you should have a rethink? Thanks
