Some brokers allow hedging on the same pair and I was thinking of using it to replace using stop loss. For instance with GBP/USD, sell at 2.0050 tp 2.000 and at the same time hedge buy 2.0050 and tp 2.01 and no stop for neither one. Just in case the trade decides to go "funny." I want to use this strategy for defined channels. Take profit at support and resistance lines. What do you think?