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.

1 lot.

We close all trades when the global profit reaches 10 pips (100 dollars).

More informations :

- Three Pairs Hedging