The "Sure-Fire" Forex Hedging Strategy

Sessions: London and NY sessions only

Pair: Mainly GBPJPY but should be able to be changed

Lot size: In multiples of +x i.e (x, x+x, x+x+x,x+x+x+x) etc. depending on the initial lot size of the first trade(x).

Trade:

1 ^st trade is manually initiated with a TP of 30pips and SL 30pips

2 ^nd trade is automated by the EA and the subsequent trades until the TP/SL is hit 30pips outside/either side of the recovery zone.

Strategy:

·       Once the first trade is placed manually (example buy with lot size 0.10), the EA should automatically place an opposite trade with 30pips SL and 30pips TP (example Sell stop with lot size 0.20).

·       If the SL of the first trade is hit, the second trade is automatically triggered with 30pipsSL and 30pipsTP. At the same time an opposite trade should be set up with a higher lot size.(for example 0.3lot size buy stop)

·       This process should continue until either of the exit points are hit.

Picture: See attached.