Hi Guys,
I'm a fantastic lover of hedging;--RRB-
Here I show you the way I hedge circel pairs = GBPUSD gt; USDCHF gt; GBPCHF
Circel pairs signifies each currency GBP USD and CHF seems twice in those 3 pairs.
GBPUSD = Buy
USDCHF = Buy
GBPCHF = Sell
or
GBPUSD = market
USDCHF = Sell
GBPCHF = Buy
I used no indior at all, but it required sometimes a while to earn profit.
I utilized same lotsize on all 3 pairs and TP of 100$
One may say, hey, why would you not trade just GBPUSD and GBPCHF?
Because, it causes such a large DD that can blow off an account in very brief time, therefore please do not try this at home;--RRB-
Here some more examples for three pairs hedging:
BUY BUY SELL
or SELL SELL BUY
EUR/CHF CHF/JPY EUR/JPY
GBP/CHF CHF/JPY GBP/JPY
USD/CHF CHF/JPY USD/JPY
EUR/GBP GBP/CHF EUR/CHF
EUR/USD USD/CHF EUR/CHF
EUR/GBP GBP/JPY EUR/JPY
EUR/GBP GBP/USD EUR/USD
EUR/USD USD/JPY EUR/JPY
GBP/USD USD/CHF GBP/CHF
GBP/USD USD/JPY GBP/JPY
There continue to be some more opportunities, but the spreads are very high!
I utilized a very simple EA, where I just had to input the 3 pairs, whether I would like to open a market or buy order for the single pairs, the lotsize and the TP. It did not utilize any indior and started new trades whenever the previous ones where shut.
But I don't have this EA and don't know its name . However, I had it from this forum. I'd have preferred to have automatic Lot size (calculated by percent of free margin) and automatic TP (calculated by percent of equity).