Combining a long momentum strategy with a hedge one

[pedrorjbr]

I would like to have a long strategy that will be rebalanced on monthly basis. I will call it, long strategy.

Besides that, I would like to have another strategy that will go short using a sma strategy on an indice like, spy. The position size should be the same as the long strategy, so it wil "hedge" the portfolio.

Whats is the best way to do that?
I am planning use the tree structure, running the long strategy an use his output to feed the hedge strategy.

Is it the better approach?