Originally posted by rohanmane3

hi trader i want to try a new method by buy and sell a one pair of currency at same time so i can minimize my loss at some point and close the non-profit one. what your thought. i try correlation method but the trend is alway a un-expected thing. please suggest.

You r trying hedging. But you should know that u r paying double the spread cost. Moreover if u r entering into a trade with put and call at the same time, it is hard for u to be profitable unless u know about trend. 

Usually hedging is done when u try to offset a part of ur loss or secure ur profit. The method u r saying is unlikely to work.

Originally posted by rohanmane3

hi trader i want to try a new method by buy and sell a one pair of currency at same time so i can minimize my loss at some point and close the non-profit one. what your thought. i try correlation method but the trend is alway a un-expected thing. please suggest.

Very old question but this is not gonna work. You can try it on a demo account. Maybe u get lucky :)

Originally posted by rohanmane3

hi trader i want to try a new method by buy and sell a one pair of currency at same time so i can minimize my loss at some point and close the non-profit one. what your thought. i try correlation method but the trend is alway a un-expected thing. please suggest.

Why dun u try another method. 

You will have in mind that if a pair is going to move n number of pips in a specific direction u will open a trade in that direction. It is similar to ur strategy but less risky and more chances of working. 

For example current price of an asset is $100 and u r thinking to open two trades (one put and one call). You r thinking that if price reaches at $90, u  will close "call" trade in a hope that it will keep moving downwards and ur "put" trade will be profitable.

Instead of all this, u can set 2 orders. Put if price reaches 90 and call if price reaches 110. It is exactly same what u want except u dun have to pay double spreads and dun have to keep watching the market (if u also set TP).

Originally posted by Sasha

 

Originally posted by rohanmane3

 

hi trader i want to try a new method by buy and sell a one pair of currency at same time so i can minimize my loss at some point and close the non-profit one. what your thought. i try correlation method but the trend is alway a un-expected thing. please suggest.

 

 

Why dun u try another method. 

You will have in mind that if a pair is going to move n number of pips in a specific direction u will open a trade in that direction. It is similar to ur strategy but less risky and more chances of working. 

For example current price of an asset is $100 and u r thinking to open two trades (one put and one call). You r thinking that if price reaches at $90, u  will close "call" trade in a hope that it will keep moving downwards and ur "put" trade will be profitable.

Instead of all this, u can set 2 orders. Put if price reaches 90 and call if price reaches 110. It is exactly same what u want except u dun have to pay double spreads and dun have to keep watching the market (if u also set TP).

 

Correct. Instead of going for 2 trades, u can set targets. If a price reaches a specific target, open trade in that direction. You r actually trying to trade in the direction of the trend. So do it by setting targets.

Originally posted by rohanmane3

hi trader i want to try a new method by buy and sell a one pair of currency at same time so i can minimize my loss at some point and close the non-profit one. what your thought. i try correlation method but the trend is alway a un-expected thing. please suggest.

How do u use correlation is ur trading?

Some traders try hedging + correlation. Some try only correlation. I am in support of hedging + correlation which limits ur losses. 

Originally posted by rohanmane3

hi trader i want to try a new method by buy and sell a one pair of currency at same time so i can minimize my loss at some point and close the non-profit one. what your thought. i try correlation method but the trend is alway a un-expected thing. please suggest.

You r trying to gamble and hopping for win. Probability of success is same as in case of a coin toss or maybe less. 

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