Hedging is becomes a new flavour of trading. It reduce loss and maximize your profit.
Iam learner and want to get knowledge more and more. See my username fxbaby, i always need milk, water and good care. For me, milk is a good strategy, water is new threads started by experienced trader and care is posts of senior traders.
Well as i told hedge can reduce ur loss and maximize ur profit. i want to clear my doubt.
I have a strategy. When i used it on gbp/usd system my trade win and lossing ratio is 60% 40%. It means 60 times it go in my favour and 40 times i lose my money.
Many professionals say me -" Donot use stoploss".
Ok may be stoploss solution is hedging. Example is below-
My strategy give me a short entry when g/u at 2.0477. If i hegde g/u with e/g (correlation -0.93) my profit will become limited and if hedge it with e/u (correlation +0.47) it maximize my profit and also miximize my loss.
So how can i use hedging in good way that maximize my profit and reduce my loss.
Again i donot want to use stop loss. All comments are welcome. But please donot take favour of stoploss. I know Importance of stoploss, but here iam talking about hedging. I donot want to earn swap, just want to make more profit and reduce my loss.
Iam learner and want to get knowledge more and more. See my username fxbaby, i always need milk, water and good care. For me, milk is a good strategy, water is new threads started by experienced trader and care is posts of senior traders.
Well as i told hedge can reduce ur loss and maximize ur profit. i want to clear my doubt.
I have a strategy. When i used it on gbp/usd system my trade win and lossing ratio is 60% 40%. It means 60 times it go in my favour and 40 times i lose my money.
Many professionals say me -" Donot use stoploss".
Ok may be stoploss solution is hedging. Example is below-
My strategy give me a short entry when g/u at 2.0477. If i hegde g/u with e/g (correlation -0.93) my profit will become limited and if hedge it with e/u (correlation +0.47) it maximize my profit and also miximize my loss.
So how can i use hedging in good way that maximize my profit and reduce my loss.
Again i donot want to use stop loss. All comments are welcome. But please donot take favour of stoploss. I know Importance of stoploss, but here iam talking about hedging. I donot want to earn swap, just want to make more profit and reduce my loss.
Let's trade together.