What is the best hedging strategy?

Trading Discussion
1

Hi,

Can anyone suggest me what is the best settings for hedging?

My settings :

All below numeric are in Points (1 pip = 10 points)

Zone Gap : 50
Take Profit : 100+pair spread
Stop Loss : 0
Recovery Take profit : 70 (Incase it do not hit take profit, i close the trade manually at 70)
initial trade : 0.01 lot
Multiplier : 2x (Doubling each Trade)
Time-frame : 1 minute
Currency pair : Less then 25 spread

This is the settings which i use while i am doing hedging but the issues i face it take a lot of time and as the lot is exponentially growing it getting very big lot and very big drag-down/drop-down. I am planning to customize my technique but i am confused what should i do? increase zone size? or increase lot multiplication?

What do you suggest? what your hedging strategy

image

2

My hedging strategy is using a variable lot size on three correlated pairs. For example
Buy USD/JPY
Buy EUR/USD
Sell EUR/JPY

I hope that helps your system.

3

It Triangular Arbitration strategy. It hard to manage manually. Do you have any EA to do this automatically? If you have please share.

Thank you

4

Can’t you open three pairs at the same time, or is your EA just designed for one pair at a time? My pro friend has his EA linked to all the major pairs, which is capable of running at least four at a time.

But don’t ask me about EAs, as I haven’t got the knowledge to make or use one.