Can anyone explain to me how to calculate risk in this scenario?

#1

I put on these trades and if the market moves in either direction I can profit but I’m having trouble figuring out my actual risk. worst case senario risk. What I did or tried to do is put on a trade from the webinar with a hedge but I did it in both directions. so I have 4 trades each on two currency pairs. If I’m thinking correctly as long as the market moves I profit. These are my trades: https://www.screencast.com/t/SPHsLwbvwsr and this is what the scanner is showing: https://www.screencast.com/t/kigP7YFG0qZh . Anyway just wondering if anyone could explain to me how to figure out my actual risk accross the board. I know what it is on each pair of trades but I’m not sure how to figure it out because each long has a different entry price and each short has a different entry price so I don’t think a total loss on both hedge trades on one pair is possible. but I’m not sure.

#2

You only want to have 2 spreads per instrument. Basically the way you had it set up… everything would have pretty much canceled each other out…

Are you wanting to trade what you think might be a range bound market and want to collect the premium that comes with it?

Or are you looking to trade directionally but want to use a hedge to protect yourself in case the market makes a move in the opposite direction??

#3

ok thanks. I was trying to figure out the hedging strategy. I was thinking that set up like that I would profit in either direction as long as it moved. I think I have a better handle on how it works now. Thanks for the reply.