We have three pairs, for example EURUSD, USDCHF and EURCHF.
The synthetic pair is EURUSD*USDCHF, which is almost equal to EURCHF.
We buy the two first, we sell the third.
Or we sell the two first and we buy the third.
We close all trades when the global profit reaches 10 pips (100 dollars).
More informations :
- Three Pairs Hedging