Does anyone have strategies for successfully trading when pairs have high impactful reports come out causing high “lightening bolt” type candles? ive tried hedging but end up losing both.
If you set both long and short entry orders around a news event, it does happen that both could be triggered and both could be stopped out. The solution is to set stop-losses on the entry orders, and to make sure the capital risk is a very small percentage of your account.
But the greater risk is that price gaps past your SL and the losing position is not closed. This is rare.
I think the risks are worth it.