Disliked{quote} To hedge you put a delayed order in at market for at least as many lots as you have. Example if the price moves in the opposite direction 100 points, you place the opposite order in at market. The original order 1 lot as a buy. The delayed order is a sell stop for 1 lot as well. Your loss should be capped at 100 points and as each moves in the same direction, the loss in one offsets the gain in the other. The trick is timing when you get out. You can potentially make money getting out at the right time!Ignored
To help with this I use the MQLTA one click trade pro. It allows you to place any type of order with stop losses and take profit a number of points from the settlement price. You can also setup delayed orders and edit live orders as well. Saves the math of doing it yourself.