Hi @BlueFalcon, Brokers would outlaw Hedging tomorrow if they could get away with it. Hedging is a very powerful strategy that can limit drawdown which is not in your Brokers best interest…
One way to Hedge on a “Nil Hedge Broker” is to open 2 separate accounts and Hedge across the two.
ie: If you opened a Buy position on say, AUDUSD in Account A. and a Hedge is needed to lock a loss until price returns to a similar level. You should be able to open a Sell on AUDUSD over on Account B., thus hedging the position without your Broker closing a hedge on the single account…
Most here in BP don’t understand the concept… So pay no attention to naysayers in these threads… Done properly hedging works to limit downside risk.
I have demonstrated many, many variations across these threads on applying Hedging strategies in these markets.
Another option to research other than Joseph Nemeth is this YouTube channel by Alex De Plois who has lots of different strategies for Hedging… Not saying these all work, but it will give you snippets of information that could help you formulate and develop your own systems.
Hope this is of some help.