I am applying Grid Hedging (Type A) trading management to AUDCAD.
I will enter buy and sell trades. Close trade when the trade is in 40 pips profit and open another 2 buy and sell trades.
When buy trades more than sell trades, if last buy trade is 40 pips profit, I will close all trades. When sell trades more than buy trades, if last sell trade is 40 pips profit, I will close all trades. I will close all trades when total profit/loss of opened and closed trades has hit $48.
Trade closed: target reached
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Trades closed in profit. Total 4 trades executed, 2 buy and 2 sell.