Tuesday, June 10, 2008

Pallada 3.1 Exit

1st I want to say thank you to Bobby for sharing his method. And I get email from Bobby about Pallada 3.1 Exit which he get from the Pallada Support and letting me post this.

As you know Pallada 3.2 already have clear exit from the author. I post it in my previous post. But We still confuse about Pallada 3.1 exit.
When u see the live statement in Pallada official website Pallada 3.2 EA, u will notice Pallada bank about 1000 pips in a month and the exit it's strange. But After u read the email below, u can open previous chart and u can see that the author most of the time use Trend Power for Fast Exit

Here is the complete email from Pallada Support to Bobby
Hello, Bobby
Thank You for Your support on the forum. Some people are unable to trade forex, they blame trading systems, but they should blame only themselves. We are trying to make system not only for professional traders, but a system, that will help to become a professional trader.

Most of the automatic EA's have great results only during first few month of trading, they always require optimization, but finally they all are loosing. Pallada does not require optimization, it will always work.

On the attached screenshot, there are fast exits (F.E.) and long
exits(L.E.).

For position 1 :
Fast exit when TrendPower changes its color and breaks yellow line!
Long Exit - when one of the main indicators changes its color. In this case Pallada Entry changes color(at least two dots should change color)

For Position2:
Fast exit when TrendPower changes its color and breaks yellow line!
Long Exit - when one of the main indicators changes its color. In this case VQI changes color

For Position3:
Fast exit when TrendPower changes its color and breaks yellow line!
At this moment long exit is not formed yet.


Here is the screen shot. Click to enlarge!


But Why Pallada support don't mention about Fast exit in the manual of Pallada 3.1
If this one is included. We all will be more understand.

Digg this

58 comments:

Anonymous said...

Hello Bobby and All,

I am fairly new to forex but I learned about it 1 year ago when my friend took me to an easy to profit forex trading seminar. I never bought their system but my friend already lose over $50K with it so he is very negative about everything. For me, I just study for 1 year reading at least over 10,000 postings in forums and I am lucky to find this one (thank you duyduy!) and especially the Bobby Method with Pallada! Out of all the EA I have demoed and read about, Pallada is the best so far, in my opinion.

So I finally buy my first EA and my friend keep telling me to stay away but I think I can be like Bobby someday so I try my best to understand his method. Someday I want to show my friend my profit and thank him for introducing me to forex trading and teach him about Bobby Method too!

OK I will have many questions for you Bobby but I want to first know something about actual income potential. What is the realistic profit with Pallada? Can you trade 3, 5, 10 or more lots at a time? For example, with $15K account is that enough for 3 lots? My goal is to first make $10K a month in profit, is this realistic? And which broker seems to work best with Pallada?

Also if this is not too personal, how much does everyone here make so far in forex trading? I have heard many crazy stories about loss but I want to know the true profit that professional traders are experiencing. Sorry for such basic questions but I want to learn as much as possible.

OK thank you Bobby for showing us your great method! Have a nice day everyone!

Tom S

Anonymous said...

Good day Tom and welcome to my corner of the world. As you have seen for my posts I try to give a no frills, no, b.s. approach to my answers and this being said Let me dive into answering your questions. First of all Tom your result is going to be a direct correlation to your performance when the signals come on this system. This system will give you 1-2 trades per day per pair. So this is really 30 to 60 trades in a month based on the BBAND MAIN SIGNAL per pair. The key is that to get the results you want is you need to take ALL of those signals. Now the author of the program gets 1200 pips a month and these are TRUE pips. What this means is that the author uses 1 MINI lot and trades. I personally have taken 2 people and showed them the "Bobby Method" and one of them who is on this site made 100% in THREE WEEKS. Me and this person traded the "Bobby Method" today and I personally watched him make over 200 PIPS. I did not fare so well only making about 130. By the way this is not with MINIS. I traded the FULL LOT today on all pairs. So tom to answer your question if you follow my method and do not try to add or deviate from it then you can make your 10k a month EASILY. As for profit potential lets take this week for example on the "Bobby Method Pairs". The 9th gave 1 EU trade with potential profit of 104 pips and today as I write this there is OVER 70 pips on the long. GU gave a trade on the 10th that I personally made 100 pips on and today I closed accidently with 30 pips but the trade gave over 100 pips. Swissy gave a trade on the 9th easily for 40 to 50 pip and today as i write this I am at 56 pips.USDJPY also gave a trade on the 9th that was 63 pips and as i write this I am up 41 pips (possible 63). So you tell me how do 500 to 600 pips a week sound to you. You may also accuse me of fibbing on the numbers but there are at least two people on this site that have done BETTER than me!!

Now my suggestion to you is this for trading large amounts... TRADE WTH HOUSE MONEY. What i mean is this. First take .5 to 1 lot on each pair in the "Bobby Method" Trade this until you make your 15K back which if you take every trade will not take that long. Then take it up SLOWLY to 2 lots per pair . The reason I tell you this is because you think you are ready for big dollars but are you ready for big DRAWDOWNS. Stops do happen but you must take every trade. The way the author recommends is 1 lot per 5,000 and 2 lots at 7K. However the author is VERY experienced. If you hit just ONE stop with a 5K account you are down 7% and many times with the "Bobby Method" stops come in 2's and 4"s. Drop the lot size down so that a stop will not bother you. If you want to be honest about a broker I use FXDD. However the BEST broker is ALWAYS a ECN broker and I have a Dukascopy Account also for better spreads (however this really does not matter with the method).

Now for the bad news. ANY trader that calls himself a trader was a LOSER first. Many times they have lost VERY large amounts. My mentor lost 400K before he was able to take a 88K account to 800K in 6 month (by the way I have EVERY DUKASCOPY STATEMENT showing this). I have not lost as much personally but I have some HORROR stories about people losing my money that I THOUGHT were traders (how about 22,000 in 3 days)! I also lost 52,000 in FXLQ MESS (someday I will get some back I pray). There were days that I traded 5 lots of GJ and made 4,000 and there were other days that I was the wrong way in the news trade and been at a loss of 14,000 (yikes)!! So I ask you if you are ready for the big leagues are you ready for the possible big losses that come with the game? What will you do when your account is down 20% and a setup comes? My goal is to be a champion for other traders who either do not have the time, discipline, or the desire to trade. The "Bobby Method" proves that I can take a trader that NEVER traded before and he will do better that some veteran traders. This is a bold claim but I am sure my followers will back me. It is only going to get better with time as I constantly work to improve this method. Stay tuned people because a website is coming and a lot of other goodies. I would also appreciate for those that are interested I will be collecting e-mail addresses soon and I will need your address so when the site and support group comes out you all are included. I hope I answered all your questions and if i did not then please pm your email and contact information to me at www.dxtrade.org (my name there is RxPipDaddy).

OK fellow Bobby method followers. We have a great day today. Some of you can make a extra mortgage payment and some you are paying of the whole house but above all lets be SAFE, SMART and humble. Give thanks and stay positive to whatever force guides your life and decisions and Happy Pip hunting. Until Tomorrow or the next question have a wonderful day!!

P.S. I would appreciate some feedback on if people think I am helping them and I should continue and what I can do to improve things.

fcaillou said...

Hello Tom, Bobby and of course Duyduy.

Again, Bobby, great thanks to share with us your experience and your knowledge of the forex and pallada.

I continue my aventure with the "Bobby method" and it was a practice day. I have wait the begin of the trend ( discipline ) and i have take twice. One GU and one UC ( the next level will be take trade with lot i can split with diffrent profit. ), i have only put a TS of 45 pips and it was 63 pips win with GU and 40 pips with UC.

Have a good day.

Anonymous said...

Bobby, thank you very much for the great advice! I appreciate your tell it like it is approach and I'm sure everyone else appreciate it also.

I remember the FXLQ mess and I am sorry to hear that you had funds there. I hope you can get them back soon. And of course, I understand the risks since I've seen my own friend become so depressed but I am now becoming more confident everyday by reading your posts!

OK, I really look forward to a new website! I will send you my email at your dxtrade id. I also have some additional questions so I will post again soon. Thanks again for helping others learn to trade with profits!

Tom S

RxPipDaddy said...

You are welcome Tom. This is a 4AM update to all "Bobby method" followers. We are up 150 to 200 pips. BOOK some profit PLEASE!! So some of you are buying the wife a nice present and some of you are looking for a new girl to spend some of the money you are making...

Remember be safe, smart and Humble. Give thanks to whomever guides your path and safe pip hunting.

Will update later,


Bobby aka RxPipdaddy

duyduy said...

Great to hear many of u make profit using Pallada, When I see the chart. Pallada already gain lots of pips. I'm always late.
Too bad I can't trade pallada because of my work, If only Bobby can trade it for me :D

Anonymous said...

Hi Bobby,

I have sent a privat message to you at dxtrade.
Your info is very much appriciated.
Keep up the good work!

RxPipDaddy said...

Well fellow "Bobby Method" fans I know you are on the edge of you seats for my report and to see if I can keep up my winning ways and I must say I spent the entire night teaching so I was ONLY able to bank 138 PIPS as of 8:16 EST. I am exhausted as teaching has taken a lot out of me so I was a little off my game. Yes I know I could have made more but I will save some pips for the rest of the NON BOBBY METHOD FOLLOWERS!! They deserve some charity because I am knocking a hole in them with all the pips me and my students are making. I am happy to say my students are doing BETTER than me, however this is the sacrifice I make because I love to teach and help people and this is my ultimate reward although the dollars are a close second place. Tom, Look at the results and add the pip counts for this week and use 1 standard lot. Now answer your question of can I make 10 to 15K a month? I am sure you will agree with me and say a resounding HECK YES!!

You guys know my closing remarks. ALWAYS BE DISCIPLINED and DEDICATED and ABOVE ALL else give THANKS to whoever guides your path.

Happy Pip hunting and see you guys next week!!


P.S. DuyDuy I might take you and a few lucky guys up on your offer to trade for you. Stay tuned for details!!!

Unknown said...

Hi to Everyone
I have question maybe someone could help me. Do You know which system has better results Pallada or ProFX from forexeasystems. Because I bought ProFX system and than I found this great Bobby method and all informations and I am thinking of buing Pallada system rather using ProFX. Can Someone help me to make decision

duyduy said...

Hi andrew, Bobby also buy ProFx, u can read Bobby comment about ProFx in here. Maybe other trader have some experience to share?

Unknown said...

Yes I know and I have read it already but there is no info about performance it is only said that Pallada will be better because of mail notification. Maybe Someone could write something about results because I think these two systems are quite similar and comparing results would be usfull I think not only for me

Anonymous said...

Hi Bobby and All, It is very impressive to see the results of Pallada and I can definitely see that $10K a month is very realistic now.

I have a question about the entry which I am a bit confused on the new 3.2 version. These last few days, there was very long period of no change in BB signal and many pips profit if you caught the initial signal. Bobby, do you re-enter a trade after U.S. close when and trend is same the next day if the new arrow comes and all the indicators align with same colors? Also do you enter a trade immediately after the close of a bar after a good signal or wait for a few minutes to see the action first?

I can see that patience is a key to this but the new version is sometimes confusing for me on the entry. What is the Bobby Method for this new version? I am eager to learn from the best! Thank you to sacrifice your time to help us trade better!

Tom S

RxPipDaddy said...

Hello Tom,

Please leave my your contact information at www.dxtrade.org under rxpipdaddy. I am reaching the limits of the questions I can do here so I need to collect names and get a forum started. I am glad me and my team could make a believer out of you. Now for your questions:

Yes I do renter after the US close if I see a good setup. i want to get all the pips man!! I do not push it though and I have a loss management protocol that I have given my group people. If you have confusion about the entries in Bobby method with the software it is best I address your questions in real time so we can look at some charts. As for my entry I have a way that me and my team set alarms that insure maximal success. I teach them one rule in that we are MECHANICAL TRADERS WITHOUT EMOTION so when the signal comes we are in the trade without hesitation. I would be glad to share more just pm me. We have to start collection of names and email because the new site is going to be underway and it is getting hard to handle the questions here. Please install skype and if you do not have it then please get it so we can talk.

Anonymous said...

I just purchased Pallada and am looking for Bobby's system. I had hoped that Pallada maintained a blog but apparently no. Do you know how I can get a copy of "Bobby's System" and if so, would you mind passing the info to me at dave.mcduffie@gmail.com?

There is one system that I would like to hear about and that is Trend_Tracer (http://www.halcyonfx.com/index.php?id=46)by the authors of DoubleDay 4.5.

Many thanks and please keep up the good work!

Dave

duyduy said...

Hi Dave, I think Bobby is making a site or a blog about bobby method. But I'm not sure about it, U can contact him at dxtrade forum under rxpipdaddy nickname.

Unknown said...

Hello

Could Someone give a propery set up for any free mailbox which will work with metatrader mail alarm. I know that there was possible to use bluebottle.com but now this service is not free anymore.

RxPipDaddy said...

This is a 9:24 update for all you "Bobby Method" As i write this I have 126 pips GU 78 on EU 53 on Swissy and 5 pips on UJ. This is over 260 pips. The "Bobby Method is MURDERING the markets. Since my "Bobby Method followers know how to exit then we know that these are now free trades so we milk them for all they are worth. I know you some of you guys have sent me questions and I will get to them ASAP. I teach a few lucky people at night this method so in the day I am a little tired. However rest assured I will answer all questions. We will update our fans later!!

Happy Pip Hunting....

To Be Continued...

Bobby

RxPipDaddy said...

Andrew....

To be honest with you I have spent many hours looking for a e-mail that works without problem. Let's be honest paying 9.00 dollars for something that will make you thousands is the cost to do business. Just save yourself the trouble and pay it.

Dave:

Pallada does not own or Endorse the "Bobby Method" This is something I cane up exclusive of them so they can not give you info on this. I just maximize what they have to me and my students advantage. I am working on a site and have a meeting with a developer tomorrow so I will keep you guys posted. By the way my parade got rained on so I gave back some pips but It was close to 175 or so to close the day. I hoped to have a 400 pip day but well there is always tomorrow. I need to leave some pips for the non- "Bobby Method" Followers.

Have a Great Day because I sure did!!

Congrats to all my "Bobby Method" Followers. You guys should have enough for future college tuition for the kids soon.... :-) !!

Give Thanks to whomever guides your path. Be smart, safe, dedicated and disciplined.

Later...

Bobby

Unknown said...

Way to go Bobby!
Keep them pips comin'!

Great news about the website btw.. can't wait!

Anonymous said...

Bobby!!!!!!!

Thanks for your support, my e-mail is elektrance@netcabo.pt and I look forward to enhance my trading with Pallada and your method. Look forward to hearing from you!

Anonymous said...

8 am update. You guys know I tell it like it is WIN OR LOSE. ALthough I am up 103 pips in GU and 1 pip on UJ. I am fighting through a drawdown now. It is a shame because I made some errors this morning that cost me. Today would have been a very nice day. I am down now about 700 dollars but If all goes well the EU and swissy will explode giving 50 to 60 pips on swissy and 70 to 100 on EU. I will give a good lesson today about staying in the fight when this battle is over...

Wish me luck News is coming out in 24 minutes.

Bobby

Unknown said...

Bobby,

I am frustrated with my inability to succeed with Pallada 3.2. The indicators are placed on the EUR/USD and GBP/USD M30 charts and I only enter after the bar closes and all are either red or blue.

If I can't be in front of the computer, I put the Smart_Exit EA on to protect the account. This always has resulted in a stop loss (40 pip) or a 1 pip gain. Without the Exit EA, I I always get stopped out over night.

If you would be willing to take on another student I would be forever indebted.

You can reach me at dave@gmail.com.

Thanks,

Dave

Unknown said...

Hi All Pallada Fans

I made public chat on skype. I hope before the site and the forum starts we can talk there about performance of this system, maybe make some modifications and help each others. Link to the chat http://www.skype.com/go/joinpublicchat?skypename=andrew.surfer&topic=Pallada%20EA&blob=2KddjILPUXq9mcnm7WhzZj_FweYtg9K7EvdMnDLnGjXLsnQLm-40U2Ja-fpS2xTwaWwNKd40

duyduy said...

Thanks andrew for the link, It seems the link can't be click.
Maybe try click this ->right click and select open new window.

Anonymous said...

Ok Pallada Fans after 2 days of sideways markets we seem to be back on track today. I did not trade because I was a little tired from yesterday (and the but kicking EU gave me 3 stops WOW)!!. I had to update 4 macs and thus I could only be a spectator most of the night and root my student on with the GU trade we both got last night at news time You guys can clearly see the result (it was over 80 pips).

Dave...

Leave me your skype in my Dxtrade box. The EA settings are too tight. YOu have to relax them some. We will discuss your specific problems when we speak.

I have also been working working the author to optimize the VQI indicator for the 30 min chart. I will post a update when it is ready because at this time the indicator repaints. Using this can get you ins some trades 1-2 hours earlier with a avg gain of 30 pips on the BBand entry.

fcaillou said...

Bonjour all,
i agree with you Bobby, the past day was a bad day for VQI indicator.
I work my trade now like a robot, but after two bad run on EU, i have stop and wait...still the GU entry. A little win day at the end.
Today seems far better for Pallada, i have miss the sell on EU and UC because of familly life but now i'm in the buy UJ.

Have a good day.

Anonymous said...

I just wanted to take so time to leave a comment here.

The other day I was talking with a Pallada and I spent LITERALLY 4 HOURS with this person telling him how to trade Pallada and I told him basically how to manage his account to do the "Bobby Method". I showed him every trade in June for GU that had WELL over 1000 pips and a total of a WHOPPING TWO LOSSES for 35 PIPS. THis trades were using the BBands ONLY. Had he used the VQI also his result would have been DOUBLE!! Now at the end of this he asked me to look at the first 10 days in MAy and see there were some stops and how could he avoid them. Well I checked those 10 days and I think again there were 3 stops but the first day alone GAVE over 100 pips. So I am going to be very candid with the people that are "TIRE KICKERS" The only way you avoid stops is to NOT TRADE. IF you are afraid to lose keep your day job. Professional traders often LOSE more trades than they win BUT they win because they MANAGE the losses and let win run for a long time. The reason some of you cannot get the results that are seen here is because you are a Tire Kicker and refuse to PULL THE TRIGGER!! Let me give you some friendly advice if this fits you... STOP NOW and go to work for the next 20 years. I want you to all to understand something. If you cannot commit to at least answering 90% of the pallada trades on even 1 pair then you will not be profitable. If you are sitting at the keyboard nervous as a mouse in a room full of hungry cats because you are scared of stops then you will not be profitable . If you are the type of person that must ALWAYS be right the you will not be profitable. If you are a person that makes excuses then I say again YOU will not be profitable. If you are a person that wants a million indicators that conflict with each other to make a trading decision then you will not be profitable. There is no HOLY GRAIL. Some days will be AWESOME LIKE TODAY and some days will rip your butt to pieces like June 18th on EU. However you must take every trade. IF the stops bother you then TRADE LESS LOTS until it does not bother you. I cannot employ this lesson enough.

Now lesson Number two:

You cannot get something for nothing. The whole them of this page is to find the "perfect EA" I can emphatically say this does NOT EXIST and you are wasting your time searching. You cannot get something for nothing. I mean really people think a EA that literally will make you MILLIONS while you sleep. It never has drawdowns, and you can trade it forever. Ok, now WAKE UP because SLEEPY time is over. Now the reality is that trading is HARD WORK. You will spend MORE time trading that working a Job. You will be on call 24/5 because you never know when a setup will come and you will always be at the mercy of the market. YOU CANNOT GET SOMETHING FOR NOTHING.

To further elaborate on this topic I want to give you an insight on my FOrex education. I have spent THOUSANDS to learn what I know and I am still spending. Many of you want me to help you and this is cool but at some point I have to charge for my time because If i am talking to you I cannot be trading and I do not sell books or tapes or courses. I have to trade and this is how I eat and pay bills. I have not made a decision on this but I can assure you this anyone that has talked to me will tell you that it is worth it when I am done and the only way you cannot succeed with pallada is that you just do not take the trades. I have not set anything in concrete but I just want you guys to realize I have to get something for my time because NOBODY helped me for free and there is no one out there who will dedicate his time to you the way that I have.

Also I will add this EVERY indicator in PAllada can be found in a Forex Forum for FREE. I can find all of them for you but no one has every assembled each indicator to get the success that pallada has. Dxtrade gave this system away for FREE on his site. You can add the Bbands and VQI to get something that is very close to Pallada. However you do not get free upgrades, testing or support. So people I say again if you are not willing to spend a few dollars to have the best there is then please stay at your day job and you deserve to lose because you already have settled for second best.


I know I will ruffle some feathers here but people it is time you stop being babies and take responsibility for your success and failures. Pallada is NOT the problem. Support is not the problem because I have given FREE support and some of you are still not following what I say. YOU are the PROBLEM and ALSO the solution. People with 5,000 dollars trading 1 lot and Pallada you can live a very nice life. I want you to think about this. You can enough to live and enjoy life. With 50,000 dollars and pallada you never have to work again and live a quite extravagant life. So let's get to work people


With this being said tomorrow I want you people that have never taken a trade with Pallada and are trading scared it to PULL the TRIGGER and START your success. This boat is leaving soon and you sure do not want to miss the cruise to all of your dreams. With this being said I wish you ALL a prosperous day at the markets and remember to give thank to whomever guides your path. Be SAFE, SMART, DEDICATED, and DISCIPLINED.

Happy Pip Hunting,

Bobby

duyduy said...

Well said Bobby.
I agree with u, I posted many times in this blog, Why I don't use Pallada live?

I'm afraid of the trigger. Afraid enter false signal and afraid missed the profit signal because of my full work, so I don't use it live.

I use Pallada as barometer with my two semi automatic EA. The return maybe not as high as Pallada, but that's my decision and the result I must take.

Anonymous said...

DuyDuy,

I can respect your honesty. I hope that we all can learn something here. It is o.k. to have fear but you have to come to grips with it and conquer it. I hate to lose but I know that if I do not face loss every day I cannot win the big prize. The day I do not play is the day 400 pips will come up (like YESTERDAY). We have to do the right things ALL of the time and only then will we have the success we desire. I leave you guys with something I read every day and I hope it will mean as much to you as it does to me:


From the Winniest Football coach of all time:

What it takes to be # 1

Vince Lombardi

Vince Lombardi is considered by many to be the greatest coach in NFL history.

"Winning is not a sometime thing: it's an all the time. You don't win once in a while; you don't do things right once in a while; you do them right all the time. Winning is a habit. Unfortunately, so is losing.


There is no room for second place. There is only one place in my game, and that's first place. I have finished second twice in my time at Green Bay, and I don't ever want to finish second again. There is a second place bowl game, but it is a game for losers played by losers. It is and always has been an American zeal to be first in anything we do, and to win, and to win, and to win.


Every time a football player goes to play his trade he's got to play from the ground up - from the soles of his feet right up to his head. Every inch of him has to play. Some guys play with their heads. That's O.K. You've got to be smart to be number one in any business. But more importantly, you've got to play with your heart, with every fiber of your body. If you're lucky enough to find a guy with a lot of head and a lot of heart, he's never going to come off the field second.


Running a football team is no different than running any other kind of organization - any army, a political party or a business. The principles are the same. The object is to win - to beat the other guy. Maybe that sounds hard or cruel. I don't think it is.


It is a reality of life that men are competitive and the most competitive games draw the most competitive men. That's why they are there - to compete. To know the rules and objectives when they get in the game. The objective is to win fairly, squarely, by the rules - but to win.


And in truth, I've never known a man worth his salt who in the long run, deep down in his heart, didn't appreciate the grind, the discipline. There is something in good men that really yearns for discipline and the harsh reality of head to head combat.


I don't say these things because I believe in the "brute" nature of man or that men must be brutalized to be combative. I believe in God, and I believe in human decency. But I firmly believe that any man's finest hour - his greatest fulfillment to all he holds dear - is that moment when he has to work his heart out in a good cause and he's exhausted on the field of battle - victorious."

Anonymous said...

Will keep it short and sweet today....

Killer day was up over 400 pips at highest point spikes took back about 90 pips. You can do the math 310 pips (NEW RECORD FOR ME IN ONE DAY) on 0.5 lot trade. Congrats to all "Bobby Method Followers" on a wonderful day with some of you guys checking at 100 plus pips or more. I have a rant to post later about a bad experience I had with a person this week that will really make me reevaluate my contributions to this group. Will post later...

Have a nice day because I sure did...

Bobby

fcaillou said...

Whaou, 310 pips in one day.
Hello all,
I continue my trade and my work with "Bobby Method", Discipline and robot spirit.
For the moment i concentrate my trade on two pairs only, but i apply the method and only the method.
Conclusion, one 100 pips trade and another 52.
And finally without stress, i use the indicator and go work.
Thank you again for your advice bobby and "bravo" for your record.

fcaillou

Anonymous said...

fcaillou:

The method works the secret is in the relationship of the pairs as you can see. I am glad you are posting because I want others to see what is possible if you just follow instructions and stay disciplined like a robot. I love to read your success and for a BEGINNING trader I can tell you that you are doing better than some veterans that have been trading for YEARS. I used to struggle to get 20 pips and I worried all day and night so to see you doing this well means that my NO B.S simple method works and can be applied to anyone. Take note people...

Anyone can do this.

In countertrend trade now to increase pip count. Wish me luck. Will update later.

Bobby

"Who is YOUR (Rx)PIPDADDY"!!!

Unknown said...
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duyduy said...
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Anonymous said...
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duyduy said...

Ok, I think both of u, Bobby and Jeff should calm down.

I know Bobby help other trader for free, because Bobby teach me for free too about Pallada, but I can't do manual trade because of my full work.

I know Jeff is help other trader too for free, help about Pallada in other forum and he give lot's of info and advise about good and scam EA. Including give advise to me.

I know both of u teach for free and you two just have different point of view. Peace to all and happy pip hunting.

Anonymous said...
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Unknown said...
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Unknown said...

Bobby,

Please excuse this long post but I have a whole lot of questions as I find the Pallada documentation quite lacking. I believe someone else said that the documentation was sufficient but, in my opinion, they are gravely mistaken.

I tried writing you but I don't have Skype as I live in the out-backs of Costa Rica and only have 33K dial up access to the internet. I tried leaving messages as you suggested but I never received the confirmation emails to verify that that you received them. So I would like to piece together the "Bobby Method" bit by bit. (I believe someone once said any system has to be simple enough to write all of the rules in long hand on the back of a business card.)

I would like to ask you a bunch of questions about colors, entry, exit, exit alerts, entry alerts, money management, currency pairs, trading times and the Smart_Exit EA. If you don't want to address them here I understand and ask that you please write me at dave.mcduffie@gmail.com. If you give me your phone number I will call you at any time that is convenient and No, I don't mind paying and will never disclose any confidential information. In my opinion. anyone who can teach me how to earn 50 - 400 pips a day is worth the price no matter what anyone else says.

Colors
Pallada has red for short and blue for long. What do the "Dodger Blue" and "Tomato" colors signify or should I just ignore them?

Entry Points
I understand that I am supposed to enter on the bar following the point when all indicators are the same color. Right now I am looking at the CHF/JPY and the Pallada bars are red; the signal board is all red and the VQI is red BUT the Pallada Main Signal is BLUE. Does this qualify for an entry or do I wait until the bar following after Pallada Main Signal turns red to enter?

Pallada puts a dot on the VQI and all three sections of the chart are the same color except the Pallada Main Signal. This often happens well in advance of the Pallada Main Signal changing color. Are these valid entry signals?

If I miss an entry signal by one or two bars but the price is at or near the entry price should I take it?


Exit Points
Pallada puts arrows on the Pallada Bars display to indicate possible exits. Are they valid?

Is the best exit point when the VQI changes color?

What about when the Pallada Bars change from Blue to "Dodger Blue" or from Red to "Tomato"? Do those changes indicate anything?


Exit_Signal
Pallada has a built in noise generator called Palada Exit_Signal and it generates a ton of different alerts. Which ones are valid alerts and which ones should be ignored?

Entry Alerts
Similar to the Exit_Signal, Pallada generates a ton of entry alerts. Which ones are valid and which ones should be ignored?

Money Management
I would like to hear your ideas about money management. I have heard all kinds of advice ranging from never risk more than 2% of your funds to a 20% risk is acceptable. I believe that those are the extremes and that a good system can be found in between them.

Currency Pairs and Trading Hours
This also ties in with money management. The sample earnings that you posted in the other board showed that you varied contract lots from 0.20 up to 0.50. How do you determine the hours to trade each pair and how many lots to place on each trade? What is your risk tolerance per trade as a percentage of account balance?

Smart_Exit and Stop Losses
In principal I understand what this is supposed to do - prevent losses and protect some profit. However, every time I have an open trade (maybe I should close it ant the end of the US market?) and go to bed with Smart_Exit in place I wake up with either being stopped out (40 pips) or with a 1 pip gain.

What parameters do you suggest for the Stop Loss and the different settings of the Smart_Exit EA? Or, should I close all open positions when I cannot be near the computer.

Configuration of Alerts
With all of the different alerts that Pallada generates, what settings do you recommend to cut down the number of times I have to run back to my computer just to see that it was calling me for nothing important.

Final Comments
Please remember that I am in Costa Rica and the government controlled cell phone industry does not support emails via the cellular phones so I have to be near the computer to hear the notices.

Like I stated earlier, I understand if you don't want to answer me in an open forum. I also agree that you should be compensated for your intellectual property. My suggestion is:

One on One phone support - $250 per hour.
Write an e-book - Charge 50% of the current price of Pallada.
Offer "Webinars" at $75 per person.
Set up a members only blog and charge $30 per month with a 3 month minimum.

I am currently trading Pallada live, pulling the trigger daily, and I am not getting anywhere near the pips that you are getting. I would like to clean up my execution and streamline my trading as much as possible and then I will throw a substantial amount of money at it.

Thanks for all of your prior support and I hope that you can answer my lingering questions.

Regards,

Dave McDuffie

duyduy said...

Hi Dave I try to answer your question, but Bobby please correct it if I'm wrong.

Colors
"Dodger Blue" and "Tomato" just show market in ranging.

Entry Points
U should wait until all indicator turn to blue or red. Enter after the bar close, if not Pallada Main Signal (Bbands) can repaints.
U should see Bbands 1st, If it's blue than see the other indicators to confirm. If enter signal is generated after 4 or more bars – NOT TO TRADE.

Exit Points
Pallada author recommend to use arrow signal for exit. But I think the best exit is use Trend Power indicator (Fast exit) that are provided in Pallada 3.1.
If u buy Pallada since version 3.2, u can email Pallada Support for Trend Power Indicator.

Exit_Signal
U can use arrow signal or Fast Exit signal or Long Exit signal (when one of the main indicators changes its color) Read the Pallada 3.1 Exit

Entry Alerts
In my opinion alerts just to make us awake and see the chart if all indicators match for Entry Points.

Money Management
Bobby already post it in the comments. Minimum is $500 for 0,1 lot.

I think the rest question, Bobby can answer it.

FYI Bobby is in progress making a blog or site about his method. But I don't know how the progress.

Anonymous said...
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Unknown said...
This comment has been removed by a blog administrator.
duyduy said...

Ok. I think that's enough. I delete all the post not related too Pallada. This blog should help other trader, Any sharing are welcome but attacks are not welcome.

Anonymous said...

I have not posted in a long time because of some issues I have to handle with my professional license. A few of you last week were concerned because of the number of stops. I want to say this. Last week was a very unusual week for us because we had quarter end, month end and a holiday week so the markets were very choppy. I told a few people just to take a break until this week. As you guys can see from the charts today the system easily got over 300 pips (150 alone came from GU). What I want you guys to do is to start to have realistic expectations. You are trading 4 pairs and they all have a strong relationship to each other. When the wins come they will come in massive pips but when the losses come they will SEEM big but they really are not. Lets be real if you make 1000 pips in a week and give the market back 200 is this a bad thing? For those who are very sensitive to stops I recommend that you ONLY trade USDJPY. The reason and let the EA manage your trade at the default settings. The reason for this is because USDJPY does not retrace as strongly as the other 3 pairs and the EA can pretty nicely follow the trend without your involvement. Above all you must be patient and stick with the system. The losses of last week were all eliminated today in Asia / Europe session. You guys have one of the best systems and one of the best methodologies available but you have to discipline yourself. I will post more later but I want you guys to ponder this. Also I am deciding to post less in public forum because of the problems that I encountered. Everyone is entitled to a opinion and free speech but I do not have to participate in banter. I will drop in the established chat room to help where i can.

Happy Pip Hunting....


RxPipDaddy

Anonymous said...

I have collected everything that I could find about using Pallada, including parts of the "Bobby System." You can find the document here:
http://rapidshare.com/files/132457789/Using_Pallada.pdf.html

duyduy said...

Great Anonymous, and thanks for your hard work.

RxPipDaddy said...

The instructions are very nice....


I will have to edit a few points later but for the most part they are nice.

Unknown said...

I have never used RapidSahre before and I thought my post would be anonymous but I have received several emails asking me to post the Pallada program.

If you want Pallada, you can buy it from them at:
http://www.tradeways.org/pallada.php

I have no association with them other than being a Paying Customer.

Unknown said...

Rx,

Thanks for the compliments. Shoot me your changes and I'll post a corrected version but I won't remove the comments about tea leaves or astrologers! lolll.

Dave

RxPipDaddy said...

Dave

I can appreciate your honesty but we are working on a way to do systematic exits now and also a managed program so I have not had the time to edit much less post here. THings are looking very promising and I look to hear from you about your success. We are also looking to design a EA seperate from pallada EA. So things have been pretty busy for me and my group. Sorry pallada fans for not posting more but the time our team puts in to make this product better is more important so we all can benefit. Fallicou where are you man? We had a student do 49% in last 2 days (491 ORIGINAL PIPS). This beat me at 310!! HAppy Pip hunting guys.

Anonymous said...

Going by the review here, Pallada seems to be quite a good system to trade. However it seems that I can't make up my mind between Pallada or Profx from forexeasystems.com. Has anyone here have any experiance on Profx from forexeasystems.com? Some pros and cons between the two systems from people who use it would be great.

Bobby, Your the man. It really looks like that you do really well trading Forex. Well done.

Anonymous said...

Hello Bobby. Is there a live account that can be seen to see the results of your system? Is there a way to learn the system? Do you have a manual or tutorial? How are you doing with the recent large eur/usd bear market? Thanks for your time.

Anonymous said...

hi,
I have a review if you don't mind about the Pallada system :

1- they have a bad support, i sent them 2 emails for now and they didn't reply any of them.

2- there system have no clear way to exit, there is many ways and not every time this way will be good so far. so if you used the "Exit signals" indicator, sometime its will make you exit with 5-10+ pips after the market was moving 50-70+ pips, and if you used the VQI, its worst !
and trailing stop not good and always exit you too early, the Smart EA the same story here.

3- some times you will get 4 stop loses in one day, and this will make a big Max DD if you lost 2-3 days like this.

4- the system needs a person who don't sleep at all, you have to watch the market 24/5 or maybe you will missed the good ones and then the result will not as it should be.

5- i think they didn't make a fully automated EA not cuz as they said, but cuz if they make it then ppls can make a long time backtest and "maybe" they will disappointed with the results they will see.
P.S. there is a Pallada 3.3 now.

Amr

Unknown said...

Please see my update in the Pallada 3.2a board.

Thomas said...

where on earth can i read this "Bobby method"? Could somebody give an URL of it. I'd be so greatful. Tom

Unknown said...

I just received an announcement from Tradeways.org - the makers of Pallada. They are now offering their Pallada EA. They claim fantastic back testing - 100% in 20 days. Their other testing results that they includeare from 7/17/08 through 9/12 and show either a 20% loss or a 900% gain depending on where you look. Their EA is for the EUR/USD M30 only.

Price - Well, you get one EA for one live account and 1 EA for 1 demo account for only $490. Yes, the live and DEMO versions will be tied to a specific account number so if you blow demo accounts like I do your demo version will quit working. Lastly, this is only for current owners of Pallada. Their web site hasn't been updated to advertise the New EA as of the time of this post.

If you look at their trading results, they pretty strange. The summary results show an initial deposit of $1,000, Gains of just under $7,000 and Losses of over $9,000 for a net loss of $2,000 (Margin Call???). But their trading results table amazingly shows the account going from $1,000 to just under $9,000 in two months. Something just isn't right with these numbers like maybe an incorrect cut and paste, or maybe my old eyes are deceiving me again.

If I get bored, I will print out their back test and forward test and compare it to the manual Pallada system.

Dave

Forex exit said...

Forex trading is a business that requires careful planning and execution. Can someone give me clear instruction on Forex trading?