DislikedWould it not be the same thing (easier, less risky, less stress and less spread and rollover) if you simply started trading where you would have stopped the first trade? Then every tick in your direction is your pip. Not that I care too much about the spread.
I think hedging should be reserved for sorting out difficult cases rather than complicating the trade from the very begining.
Just trying to contribute to this thread that I have hitherto only been taking from.
King.Ignored
Unless you use it as a trading strategy.