hedge a good done in opposite pairs, not on single pairs,
that's what I know from master frans,
don't ask me how, I also have yet to understand, thanks.
hedge is applicable for those who can wait until the market turns its direction again, sometimes it takes years to happen, so if you want to trade without seeing a floating position, its better to put stop to it.
I think that given the limited number of loss making you accept the loss and gain more rather than continuing in the loss and also teach you patience, courage, and you can direct other works without thinking about the deal in the best of your knowledge of possible losses that you experience
Hedge to waiting price direction change maybe taking a long time, better cut lost or stop lost then follow the trend with double lots. Honestly i don't fluent with hedge because i am seldom to use it.
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you can use the hedge in place of the stop lose at any place as you want, but the main problem is where and when to break that hedge.
Let us discuss which is better Hedging or Stop Loss and why? Are you using this strategy and it gives you best result, tell us?