Pallada 5 EA,

Because there is error in Insta Forex demo account, so I stop the testing Pallada 5 using Insta Forex.

I'm gonna start new test using other broker that offer MT5 platform, and post the result in here.

Pallada 5 EA

Hello guys.
Still remember the phenomenal Pallada trading system? and Bobby Method?

Now Tradeways release the update "Pallada 5 EA"

All your question in Pallada 4 is answered in Pallada 5.
The manual is very clear and easy to understand.

Pallada 5 advantages :
* There are 2 manual strategy "Aggressive and Conservative"
* If u don't have time to do manual trading just use the fully automatic Pallada 5 EA
In Pallada 5 u will have answer for choppy market

I test it using $1.000 since 29 March 2011 using "Insta Forex Broker" using Metatrader 5 Platfrom

March 2011 result = +$84
April 2011 result = -$2

Here is my forward test graphics since 29 March 2010


You can download detailed statement dated 7 April 2011

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.

Pallada 3.2 EA

New version of Pallada 3.2 EA just release. Have many improvement in Pallada 3.2 EA.

The new version has a bug, I had same experience with fcaillou. It eat lot of hell my 2GB memory. I email the support and they already reply "This bug is fixed. Please, re-download system from Plimus. Before installation delete all previous indicators"
I already test it, it's fixed now.

Here what I see about the main changes:
* BBands setting is different, the new setting more accurate, reduce many false signal. I attach the screen shot of Pallada 3,1 and Pallada 3,2


* They don't use Trend Power indicator for exit anymore. They use new indicaor called Pallada exit signal. Here is the screen shot

In my opinion sometimes the exit indicator help much, but sometimes it give exit signal early.

* Exit using EA is updated, you can use the EA on many pair. Just input the ticket number of the Open Order each pair in the EA setting.

Pallada 3.2 have many great improvement then previous version. But I still wait for the fully automatic EA which will release soon.

Pallada EA Fully Automatic

I want to say thanks to Bobby about sharing his experience about Pallada 3.0 EA. Actually I follow Bobby advise about using Pallada EA. But yesterday I have to go to my client place, so I'm away from my computer about half day. I missed all the signal from GBP/USD, EUR/USD and USD/CHF.

Yes Pallada also give false signal, but the percentage of false signal is small compare to the profit one. But If u can't monitor all the signal, It' will turn againts you.

I buy Pallada since October 2007, at that time I'm sure I can follow all the signal. I demo it but my work can't compromise :) Sometimes I enter the false signal and missed the profit signal.

I think I can't use Pallada because of my work, but that's won't be long again. I email Pallada support about why not making Fully Automatic Pallada EA and here is the reply
"Sent: Monday, May 26, 2008 5:02 AM
Subject: Pallada

Hello, Kerry

There will be release of automatic version, based on VQI and BB_sig,
but a bit later. Now we are improving Pallada indicators (new build
will be available soon, with great improvements). And then we will
build expert based on this indicators.
Automatic build will be available in July.

We will announce later how much will it cost. All current Pallada users
will have 40-50 % discounts"

The good news is there will be Fully Automatic Pallada EA soon.
The bad news is, We have to pay again, although there is 40-50% discounts for current Pallada user.

If Shark performance still in negative zone in June, I think I'm gonna replace the Shark EA with Pallada EA in my live account. Can't wait for the release!

About Bobby idea making a group of Pallada users, that's a great idea because sometimes I confuse about the right entry and the right exit of Pallada. But the fully automatic will be release soon. I like to hear everybody comment.

PS: From now I'll post my test about Palllada EA plus Fxtradepro EA on Fxtradepro label only.

Pallada EA plus Fxtradepro EA

I still playing with Fxtradepro Clone EA with Pallada EA on my demo account. The result is quite good.

Advantages using Fxtradepro EA:
Sometimes Pallada Ea give false signal when market in ranging and Fxtradepro Clone EA done a good job about the false signal. I see many false signal on AUD/USD pair and USD/CAD pair which is not a recommended pair to Pallada.

But there is disadvantages using Fxtradepro EA:
Most of the time, Pallada Ea give good signal on GBP/USD pair and EUR/USD pair. So after open position the open order straight to Target Profit.
And when using Fxtradepro EA which is martingale EA, 1st level is 0,01 lot (smallest) lot. So the result are many TP hit on 1st level using Fxtradepro EA on Pallada System. So the return percentage is small, considering using Martingale EA must have a quite big balance or equity.

So far Pallada EA plus Fxtradepro EA give return about 4% since I tested on 12 May 2008 until 27 May 2008. Maximal DD so far is $7.72 (1,52%)

You can read Bobby comment on previous post in Fxtradepro EA and Pallada EA labels about how he makes money using Pallada EA.
You can view Pallada result on their official website "Pallada 3.0 EA"

This is my forward test statement graphic using combination Fxtradepro EA and Pallada EA since 12 May 2008.


You can download forward test statement dated 27 May 2008

Combination Fxtradepro Clone EA and Pallada 3.0 EA

For anyone who often visit Forex Factory Forum, maybe know about Fxtradepro EA.
It's semi automatic EA that use semi martingale system.
You can read more about the original Fxtradepro EA in "Forex Factory Forum". Fxtradepro thread is closed. Maybe the owner Mr. Dan decide to sell Fxtradepro EA which is prohibited to sell EA in Forex Factory. But I'm still not sure about that.

I'm a bit fan of Fxtradepro EA and Fxtradepro system have good potential. I meet a great coder from Indonesia, Aryana and he coded Fxtradepro clone EA for me for free just like the original Fxtradepro EA. You can read it about Aryana works about Fxtradepro Clone EA on his blog "MFS".

To me Fxtradepro EA is a great engine in forex trading and work in trending pair. The original Fxtradepro EA use support and resistance and Fibonacci Line for trigger Fxtradepro EA, but I still can't find a good system for trigger Fxtradepro EA at that time so I don't use it.

Now I try to use Pallada 3.0 EA for the trigger of Fxtradepro EA.
Pallada 3.0 EA is trend follower EA and It's semi automatic EA.
If u want to know more about Pallada EA, you can visit the official website "Pallada 3.0 EA". Fxtradepro EA is good for trending pair and on trending market and is semi automatic EA too.

I begin to forward test it since last week on IBFX demo account.
I use it on major pair GBP/USD, EUR/USD, USD/CHF, USD/JPY, AUD/USD, USD/CAD. Here is the the screen shot of each pair.



As I stated earlier in previous Pallada EA, I work at the office. Maybe I enter the loss signal and I missed the profit signal so I don't use Pallada EA. But when using Fxtradepro Clone EA in Pallada signal, if I enter false signal Fxtradepro Clone EA still can make profit.

The picture shows thousand words.
You can see the screen shot on last trade, Fxtradepro Clone EA hit TP on 1st level each pair, except on AUD/USD pair The Pallada EA signal show sell but the price go up while haven't hit the TP. So Fxtreadepro Clone EA open 2nd level buy order and Hit TP.

You can see also in the screen shot, I missed next entry signal in Pallada EA, because today is a holiday in Indonesia, so I spend time with my family. But I won't worry if I missed the profit signal when using Fxtradepro Clone EA.

Don't use Fxtradepro EA live because I'm still finding the best setting each pair. I don't use the default setting of Fxtradepro Clone EA. The default setting is for original semi martingale Fxtradepro EA. I change the setting become fully martingale EA. You can download the latest Fxtradepro Clone EA on Aryana's blog "MFS".

This is my forward test statement graphic using combination Fxtradepro EA and Pallada EA since 12 May 2008.


You can download forward test statement dated 20 May 2008

Pallada 3.0 EA

I got this email on 25 April 2008 GMT +7.
It's on Friday US market session about the new Pallada 3.0 EA.
Here is the email :
Hello,Kerry

New version of Pallada is available and You are first to evaluate it.
We would appreciate any testimonials from You

Changes in new version -
1) indicator PalladaBars is added (colors bars)

2) PalladaEntry for 3.0 version- combined MTF CI , MTF WPRSTO and
Velocity + additional arrows . All this indicators are combined in 1
file to make system work much faster.

3)Improved alerts. There will be only alerts of main indicators.

4) Email alerts. (Tools-options-email, where you may insert your smtp
information to receive BB_sig alerts on email)

with any questions contact our support team
TradeWays support team

The email said I'm the 1st to evaluate it, infact my friend Jeff, another Bluto private forum member already got Pallada EA 1st.

The Pallada 3.0 EA still not fully automatic EA.
You have to enter the trade manually after the signal.
So I don't think I'm gonna use it again :D
And the strange is I don't get the rules for entry and exit.
I guess they missed it or it's same as old Pallada 2.5 rules.

If you want to see the live result, you can visit Pallada official website "Pallada 3.0 EA".
They have live statement from October 2007.
The Pallada EA banks about 1.000 pips each month.
That is an impressive result.
But last time I visit the website still not updated to the new Pallada 3.0 EA.

Here is the screen shot of the new Pallada 3.0

Pallada EA

Pallada is semi automatic EA.
It gives signal that will alert you to enter the trade manually,
After open trade, then the EA will do the rest.

Pallada bank more than 1000 pips every month since September 2007 on EUR/USD pair. U can see the live statement in their site. "Pallada EA"

Actually I want to use it on my live account, but I'm too busy with my work in office, so I can't wait for the signal provided by Pallada.
Because of my work, I prefer fully automatic EA,

But I think Pallada EA is suitable for person who is full time trader in forex.

Here is the result provided by the owner in live account.
Des'07-Jan'08
Feb'08

I got email form the owner said that they want to release Pallada 3.0
Maybe about this month. Can't wait the release.