US FIFO and Hedging with HKD

Has anyone tried using the correlation between EURJPY and HKDJPY to “hedge”?

I just started going one way when I see chart patterns on the EJ while going the other on the HJ while using a 1.5R to 2R ratio.

I’m wondering if people have already been doing this and how successful it has been at mitigating risk?

Do you often get both stops hit? Is it worth it?