Date TYPE Reason for choosing the strategy

DUE TO PREVIOUS FAILURE IN HEDGING TRADING

STRATEGY, I WAS NOT USING THIS STRATEGY FOR THE
LAST THREE MONTHS. BUT LAST NIGHT ONE THOUGHT
CAME FOR THE FAILURE OF THIS STRATEGY, THATS IS
10/18/2017 H LACK OF CAPITAL. SO DECIDED TO INCREASE THE
CAPITAL 1:10 (THATS IS 100 USD TO 1000 USD). BY
THIS WAY I LL GET LITTLE MORE BREATHING SPACE
DURING THE VERY TIGHT RANGING MARKET.

INSTEAD OF TAKING TRADE IN EVERY SPECIFIED GAP,

10/18/2017 H DECIDED TO TAKE TRADE ON EVERY ALTERNATE GAP.

DECIDED TO TRADE IN MT5 ACCOUNT (184852-DEMO-

CENT) IN PARALLEL TO THE HEDGING STRATEGY, TO
10/19/2017 N CHECK THE EFFECTIVENESS OF THE NEWS RELEASE
TRADING STRATEGY.

GBP-RETAIL SALES IS GOING TO BE RELEASE AT 11.30,

SO COMPARED THE STRENGTH OF THE CURRENCY,
FOUND JPY IS WEAK, GBP & EUR IS STRONG. SO IF
10/19/2017 N NEWS IS POSITIVE FOR GBP, THEN I'M PLAN TO TAKE
LONG POSITION IN GBPJPY OTHERWISE I'LL GO LONG
IN EURJPY. NEWS IS NEGATIVE TO GBP. SO I MAKE A
LONG ORDER IN EURJPY WITH 350 SL 700 TP.

USD-PHILADELPHIDIA IS GOING TO BE RELEASE AT

15.30, SO COMPARED THE THE STRENGTH OF THE
CURRENCY AT 12.15 BASED ON INVESTING.COM 5HR
10/19/2017 N ANALYSIS, FOUND E+2,G-4,U0,J0,C+2. SO IF NEWS IS
+VE FOR USD, THEN WILL TAKE LONG ORDER IN
GBPUSD, OTHERWISE WILL SHORT USDCAD.
 CAD-CORE CPI IS GOING TO BE RELEASE AT 15.30, SO
COMPARED THE THE STRENGTH OF THE CURRENCY AT
2.20 BASED ON INVESTING.COM 1HR ANALYSIS,
FOUND E-2,G-4,U0,C-4,J+2. SO IF NEWS IS +VE FOR
10/20/2017 N CAD, THEN WILL TAKE LONG ORDER IN CADJPY,
OTHERWISE WILL LONG GBPCAD. NEWS WAS
NEGATIVE FOR CAD, SO TOOK LONG TRADE IN GBPUSD
WITH -250 ST 500 TP

USD-EXISTING HOME SALES IS GOING TO BE RELEASE

AT 17.00, SO COMPARED THE THE STRENGTH OF THE
CURRENCY AT 4.40 BASED ON INVESTING.COM 1HR
ANALYSIS, FOUND E-2,G+3,U+3,C-4,J0. SO IF NEWS IS
10/20/2017 N +VE FOR USD, THEN WILL TAKE LONG ORDER IN
USDCAD, OTHERWISE WILL SHORT GBPUSD. NEWS
WAS NEGATIVE FOR USD, SO TOOK LONG TRADE IN
USDCAD WITH -300 ST 600 TP

USD-NEW HOME SALES AND CAD-BOC MONETARY

POLICY REPORT AND CAD-INTEREST RATE DECISION
WAS RELEASED. EURCAD =+1600, CADCHF=-750,
USDCAD=+1350 MOVED WITHIN A SECOND. AS THE
10/25/2017 H PRICE MOVED WITHIN A SECOND,THE PRICE HIT BOTH
ENTRY AND RE-ENTRY LEVEL AT THE SAME TIME. SO IT
ENDED UP WITH LOSS. IF IT WILL HAPPEN WHEN
THERE IS A HIGHER HEDGING LEVEL, IT WILL ENDED UP
WITH VERY BIGG LOSS.

NOTED DRAWBACKS IN HEDGING STRATEGY. GOT

1/19/2018 H PROFIT BUT VERY VERY LESS (0.7 TO 0.8 % FOR 45
DAYS WHICH IS 800 $ FOR 100000 INVESTED)

WAS AWAY FROM FOREX TRADING DUE TO JOIN THE

NEW COMPANY. DIDN'T GET ENOUGH TIME TO
CONCENTRATE ON FOREX. RECENTLY CAME TO KNOW
ABOUT RENKO CHART STRATEGY. THE ENTRY POINT
9/12/2018 R WILL BE CHANGE OF RENKO BAR COLUR. WHEN
THERE IS COLOUR CHANGE, OPEN THE NEW TRADE &
CLOSE THE OLD TRADE. I TRIED DEMO FOR THIS
STRAGEY BUT ENDED WITH LOSS.
 RENKO IN MT4 NOT GIVING UPADE WITHOUT
REFRESHING THE CHART. SO I SUBSCRIBED TO THE
TRADING VIEW TO GET THE ACCESS TO THE 1M CHART.
I DID BACK TESTING. IT WAS GIVING THE MORE
2/6/2019 R SATISFYING RESULT. I STARTED TO TRADE IN REAL
ACCOUNT FOR 100.00$. BUT IT WAS NOT GIVING THE
RESULT AS EXPECTED. BUT NOT MUCH LOSS ALSO .
ONLY LOST 10.00$ FOR THE LAST SIX MONTHS.

NOW I MIXED THE RENKO, MARTINGLE & HEDGING

STRATEGY TOGETHER. THE FIRST ENTRY POINT WILL BE
BASED ON COLOUR CHANGE OF RENKO
BAR.WHENEVER THE PRICE IS MOVING (XAUUSD-250
POINTS) IN THE SAME DIRECTION, ADD ANOTHER
TRADE CONTINUOSLY. TAKE PROFIT FOR EACH TRADE
WILL BE 4 TIMES (1000 POINTS). WHEN THERE IS
7/23/2019 R-M-H COLOR CHANGE, START TO HEDGE THE LOSSING
TRADE. BY THIS TIME MAXIMUM 3 TRADE WILL BE IN
OPEN WITH THE LOSS OF (0, -250, -500). FIX
MAXIMUM 5 ENTRY WITH THE GAP OF 500 POINTS
AND TAKE PROFIT 1000 POINTS. IF IT GOES MORE
THAN FIVE TIMES, ACCEPT THE LOSS AND CLOSE ALL
RELEVENT ORDERS. AGAIN START THE NEW ORDER
AND CONTINUE THE REMAINING PROCEDURES.
Remarks

AS EXPECTED, IT IS MOVING IN UP TREND WITH +300

POINTS. NOW IT IS STARTED TO RANGE. SO I MOVED
MY SL NEAR TO JUST BELOW THE RANGING POINT IN 1
MIN CHART BY ASSUMING THAT IF IT GOES BELOW
THAT POINT , THE SIGNIFICANCY OF THE NEWS LOST
ITS POWER. SO THERE IS NO MEANING TO BE
CONTINUING IN THIS TRADE AS WE ENTERED THE
TRADE BASED ON THE NEWS.

NEED TO CHECK THE STRENGTH OF THE CURRENCY

AGAIN JUST 15 MIN BEFORE THE NEWS RELEASE
BASED ON 1 HR DATA TO CONFIRM THE ENTRY AGAIN.
FAILED TO CHECK THE STRENGTH DUE TO BUSY WITH
WORK. SO ENTERED THE TRADE WITH BASED ON THE
PREVIOUS ANALYSIS. NEWS RELEASED WITH +VE TO
USD. SO ENTERED LONG WITH GBPUSD. IT WAS GOING
+400 POINTS UP FIRST 1 HR THEN IT STARTED TO GO
AGAINST MY ANALYSIS -700 POINTS. SO ENDED THE
TRADE WITH -700 POINTS.
BEFORE ENTERING THE TRADE, THE NEWS WAS
ALREADY UP WITH 750 POINT. SO WE ENTERED LATE
BUT STILL IT IS TRADING IN RANGE WITH POSITIVE
RESULTS. I GUESS ITS AWAINTING FOR NEXT NEWS
RELEASE (EXISTING HOME SALES) FOR FURTHER
MOMENT.

TO AVOID THE VERY BIGG LOSS, PLAN TO INCREASE

THE GAP FROM 500 POINTS TO 1000 POINTS OR 1500
POINTS (FURTHER ANALYSIS REQUIRED BASED ON MT4
HISTORY DATA FOR 1 MIN AND 5 MIN)

NOT WORTH FOR TAKING THIS MUCH RISK AND LOT

OF TIME CONSUMING. WAS NOT HAPPY WITH
HEDGING STRATEGY. SO DECIDED TO MAINTAIN THE
DISTANCE FROM THE FOREX TRADING UNTIL GET
ANOTHER BETTER IDEA.

DIDN'T KNOW THE FORMATION OF RENKO CHART IS

BASED ON THE CLOSING VALUE OF THAT PARTICULAR
TIME FRAME. I TRADED WITH 1 HR 4 HR TIME FRAME
WHICH GAVE WRONG ENTRY. 1M CHART WILL GIVE
THE MORE ACCURATE CHANGE OF COLOUR.
THE REASON WAS, I BACK TESTED THE 1M CHART BY
BELIEVING THAT THE NEW RENKO BAR HAS BEEN
FORMED BASED ON THE 1 MIN CLOSE VALUE BUT IN
REALITY ONLY LAST MONTH RENKO BAR FORMED
BASED ON 1M CLOSE VALUE , ALL OTHER OLD RENKO
BAR HAS BEEN UPDATED BASED ON THE 1 HR CLOSE
VALUE. SO IT NULLIFIED MY STRATEGY DUE TO THE
LACK OF RELIABILITY OF THE BACKTESTING VALUE.

STRATED TO TRADE IN REAL ACCOUNT WITH XAUUSD

CURRENCY
 Date TYPE Reason for choosing the strategy

DUE TO PREVIOUS FAILURE IN HEDGING TRADING

STRATEGY, I WAS NOT USING THIS STRATEGY FOR THE
LAST THREE MONTHS. BUT LAST NIGHT ONE THOUGHT
CAME FOR THE FAILURE OF THIS STRATEGY, THATS IS
10/18/2017 H LACK OF CAPITAL. SO DECIDED TO INCREASE THE
CAPITAL 1:10 (THATS IS 100 USD TO 1000 USD). BY
THIS WAY I LL GET LITTLE MORE BREATHING SPACE
DURING THE VERY TIGHT RANGING MARKET.

INSTEAD OF TAKING TRADE IN EVERY SPECIFIED GAP,

10/18/2017 H DECIDED TO TAKE TRADE ON EVERY ALTERNATE GAP.

DECIDED TO TRADE IN MT5 ACCOUNT (184852-DEMO-

CENT) IN PARALLEL TO THE HEDGING STRATEGY, TO
10/19/2017 N CHECK THE EFFECTIVENESS OF THE NEWS RELEASE
TRADING STRATEGY.

GBP-RETAIL SALES IS GOING TO BE RELEASE AT 11.30,

SO COMPARED THE STRENGTH OF THE CURRENCY,
FOUND JPY IS WEAK, GBP & EUR IS STRONG. SO IF
10/19/2017 N NEWS IS POSITIVE FOR GBP, THEN I'M PLAN TO TAKE
LONG POSITION IN GBPJPY OTHERWISE I'LL GO LONG
IN EURJPY. NEWS IS NEGATIVE TO GBP. SO I MAKE A
LONG ORDER IN EURJPY WITH 350 SL 700 TP.

USD-PHILADELPHIDIA IS GOING TO BE RELEASE AT

15.30, SO COMPARED THE THE STRENGTH OF THE
CURRENCY AT 12.15 BASED ON INVESTING.COM 5HR
10/19/2017 N ANALYSIS, FOUND E+2,G-4,U0,J0,C+2. SO IF NEWS IS
+VE FOR USD, THEN WILL TAKE LONG ORDER IN
GBPUSD, OTHERWISE WILL SHORT USDCAD.
 CAD-CORE CPI IS GOING TO BE RELEASE AT 15.30, SO
COMPARED THE THE STRENGTH OF THE CURRENCY AT
2.20 BASED ON INVESTING.COM 1HR ANALYSIS,
FOUND E-2,G-4,U0,C-4,J+2. SO IF NEWS IS +VE FOR
10/20/2017 N CAD, THEN WILL TAKE LONG ORDER IN CADJPY,
OTHERWISE WILL LONG GBPCAD. NEWS WAS
NEGATIVE FOR CAD, SO TOOK LONG TRADE IN GBPUSD
WITH -250 ST 500 TP

USD-EXISTING HOME SALES IS GOING TO BE RELEASE

AT 17.00, SO COMPARED THE THE STRENGTH OF THE
CURRENCY AT 4.40 BASED ON INVESTING.COM 1HR
ANALYSIS, FOUND E-2,G+3,U+3,C-4,J0. SO IF NEWS IS
10/20/2017 N +VE FOR USD, THEN WILL TAKE LONG ORDER IN
USDCAD, OTHERWISE WILL SHORT GBPUSD. NEWS
WAS NEGATIVE FOR USD, SO TOOK LONG TRADE IN
USDCAD WITH -300 ST 600 TP

USD-NEW HOME SALES AND CAD-BOC MONETARY

POLICY REPORT AND CAD-INTEREST RATE DECISION
WAS RELEASED. EURCAD =+1600, CADCHF=-750,
USDCAD=+1350 MOVED WITHIN A SECOND. AS THE
10/25/2017 H PRICE MOVED WITHIN A SECOND,THE PRICE HIT BOTH
ENTRY AND RE-ENTRY LEVEL AT THE SAME TIME. SO IT
ENDED UP WITH LOSS. IF IT WILL HAPPEN WHEN
THERE IS A HIGHER HEDGING LEVEL, IT WILL ENDED UP
WITH VERY BIGG LOSS.

NOTED DRAWBACKS IN HEDGING STRATEGY. GOT

1/19/2018 R PROFIT BUT VERY VERY LESS (0.7 TO 0.8 % FOR 45
DAYS WHICH IS 800 $ FOR 100000 INVESTED.
Remarks

AS EXPECTED, IT IS MOVING IN UP TREND WITH +300

POINTS. NOW IT IS STARTED TO RANGE. SO I MOVED
MY SL NEAR TO JUST BELOW THE RANGING POINT IN 1
MIN CHART BY ASSUMING THAT IF IT GOES BELOW
THAT POINT , THE SIGNIFICANCY OF THE NEWS LOST
ITS POWER. SO THERE IS NO MEANING TO BE
CONTINUING IN THIS TRADE AS WE ENTERED THE
TRADE BASED ON THE NEWS.

NEED TO CHECK THE STRENGTH OF THE CURRENCY

AGAIN JUST 15 MIN BEFORE THE NEWS RELEASE
BASED ON 1 HR DATA TO CONFIRM THE ENTRY AGAIN.
FAILED TO CHECK THE STRENGTH DUE TO BUSY WITH
WORK. SO ENTERED THE TRADE WITH BASED ON THE
PREVIOUS ANALYSIS. NEWS RELEASED WITH +VE TO
USD. SO ENTERED LONG WITH GBPUSD. IT WAS GOING
+400 POINTS UP FIRST 1 HR THEN IT STARTED TO GO
AGAINST MY ANALYSIS -700 POINTS. SO ENDED THE
TRADE WITH -700 POINTS.
BEFORE ENTERING THE TRADE, THE NEWS WAS
ALREADY UP WITH 750 POINT. SO WE ENTERED LATE
BUT STILL IT IS TRADING IN RANGE WITH POSITIVE
RESULTS. I GUESS ITS AWAINTING FOR NEXT NEWS
RELEASE (EXISTING HOME SALES) FOR FURTHER
MOMENT.

TO AVOID THE VERY BIGG LOSS, PLAN TO INCREASE

THE GAP FROM 500 POINTS TO 1000 POINTS OR 1500
POINTS (FURTHER ANALYSIS REQUIRED BASED ON MT4
HISTORY DATA FOR 1 MIN AND 5 MIN)