The beauty of hedging

Back in 2008/2009 i did many experiments involving trades with scalps using predetermined Stops. It when smoothly as the equity gains almost 100%. But sooner rather than later a dry spell hits. As always with trend trading,S&R methods the consecutive loses are expected. But i didnt expect a 10 losing streak in a row. This has taken me back..which i dropped the whole strategy together.
Fast forwards years later, I slowly developed ways of hedging which allows me to minimize the risk and increasing the rewards at the same time. It almost always happens like this...a trade goes -200pips on Eurusd... trades on Eurgbp and Gbpusd ..+70+20+30+45 +80=205pips in total. Do the math as the loss is cut at the end..leaving in breakeven or a small profit. This is a far cry as whipsaw always hit SL years ago.

The pros of hedging:
1) Psychological advantage..hard to explain but its there
2) Protected from whipsaw action
3) Tight risk management
4) You can sleep at night instead of having closing the day in negative if your using SL
5)Make money first ..cut losers later...but there is no runaway trades

Further experiments 2

It seems the newest strategy works in ranging and trending markets for now, this past few days i have been working on euro dollar booking in profits ,while maintaining hedges in the minus, as the pair range i continue booking profits and cutting the losers gradually when the profits is bigger than losers.Eventually the balance and even the equity rises, bigger suprise when the balance and equity rises even faster in trending markets today, as euro trends down.
This happens simultaneously with closing of some big losers but the profits is bigger than -ve positions. At some point there was 12 -14 positions buy and sell combine which i gradually close all but 4 today after i decided to call it a day. All of this without using a single tp or stop losses.
Another version i will test is using 200p fixed SL for all positions long or short . I wanted to know if i can cut dd faster and maximizing profits at the same time, yet in one condition.. the profits must be bigger than the booked SL's that was hit...seems a new kind of challenge.Time will tell between the two.

Trade initiation

Our menu for today as usual ,the EU/GU or EURGBP. The news certainly have made some moves this past tuesday and monday and we begin to see upwards movement on EURUSD and downwards movement for GBPUSD. The correlation have been steadily increasing over few weeks now. This also goes well with our short bias for Euro since im waiting for a short trade.I will await for the hedge range to spell 'ok' as the above is "trading : None". We will give it some time to complete the upwards movement, before we pull the trigger.
Plotting a trendline on EURGBP and waiting for the trendline break and confirmation will give us more accuracy for our trade.A bounce from the upper BBAND will help us recognize if we are ready to trade. The length of time to reach the TP will be decreased drastically than opening it now.Not to mention lesser risk.Nevertheless i will proceed to add/average the trade if it goes to -100pips.TP will be set to 20 -45pips or the extreme BB.