DislikedCan you provide more details on your technique, because so far nobody has managed to make it profitable? It's known as futile hedging.
Let me give you an example and correct me if I misunderstood your way of doing it.
Suppose at some point you buy the euro at 1.3000, assuming that it will go up, and you have a target at 1.3050 (50 pips), that would be 1% of your account. If the market drops to 1.2950 you don't take a loss of 50 pips (1%), instead you open a sell position. At this point you have "locked" a 50 pip loss no matter which way the...Ignored
BUT he only getīs some chunks of pending non realized loosers in between the winners...
In 10 years of trading, if I would have waited long enough, every position I opened could have been closed with a profit...and I took many many thousands, with a SL..
The right size, and skill,hedging and reopening should work...
You need superb position sizing amongst others...