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Hedging : close only one leg#556

G

I know that via the command close ATOMUSDT I can close ATOM however is it possible to also use a command such as CLOSE LONG ATOMUSDT so the main position closes and the hedge position stays open ? In this example a short stays open.

3 months ago
G

Add also the % of the trade which can be closed so we can implement a real hedging strategy like this : 🔧 How It Works in Stages

  1. Initial Setup

Suppose you’re bullish EUR/USD but expect short-term volatility.
You open:
Main position: Long EUR/USD (e.g., 2 lots).
Hedge: Short EUR/USD (e.g., 1 lot) or long a correlated inverse pair.
This gives you net 1 lot long exposure while still being protected against adverse swings.

  1. Market Moves Favorably

If price moves in your favor (EUR/USD rises), you:
Close the hedge leg (short 1 lot) at a loss or break-even.
Let the main long position run.
This reduces drag and captures full directional gains now that the initial risk has passed.

  1. Market Moves Against You

If price drops, you can:
Keep the hedge open to mitigate losses.
Add to the hedge, effectively neutralizing risk while waiting for confirmation.

  1. Mid-Strategy Adjustments

Sometimes, you might close half of the main or half of the hedge, depending on:
Support/resistance levels
Reversal signals
News events

3 months ago