Options for FX heding
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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