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Options for FX heding

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Dannoo007
195
Dannoo007  

Hello there,

Is there any discussion in here about using simple Options to hedge FX positions? I had a quick look around and saw a few topics, but I'm still not sure I know where to look. For example, if I open a minilot 0.1 Buy EURUSD at 100x leverage, how can I simultaneously purchase a Put option, ie for the equivalent of 0.1 EURUSD leveraged 100x..?

Is there anything available within Metatrader or outside app that can be linked to that?

Note: I'm on MT4.

Best,

Dan

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