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Time now: Jun 1, 12:00 AM

Hedging during GBP Market Time

New Strategy
myHedge5.png


Old Strategy
myHedge3.png


Rules for new strategy:
-when start, B1 and B2 must set stop loss for 10pip or S1 and S2 if starting drop to 1.5500 (stop loss also 10pips)
-for old method, as long as change direction, need 2 opposite pending order, it mean that the current B1 and B2 hedged by S1 and S2
-for new method, B1 and B2 must set 10pips SL to avoid open S1 and S2 in order to save spread
-if no change direction, at (ii), open another B3, with fixed SL 20pips no need modified.
-at (ii), if the price continue up 1.5540 without retrace to (iii), its SL continue to be modified to 1.5530.
-at(iii), B1 and B2 kena SL, and no need open new orders, it is same as old strategy, but the old strategy open S1 and S2 to hedged(wasted 6 pips, why not close B1 and B2 right, I was so ****** :(()
- at (iv), change direction, so Open B4, B5(both SL 1.5520), and it need to be adjusted to 1.5530 when the price moved to 1.5540 at (v)

Actually both strategy are same, new strategy no more hedged, only 1 direction, in order to save spreads.

that seems interesting...
 

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