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.
Saturday, June 7, 2008
Pallada 3.2 EA
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19 comments:
Just ordered the 3.2 version today !!
I'm a beginner with forex and first I will test it on a micro account with Alpari (because this is were the developers trade their live account)
Unfortunately I work fulltime , so cannot get in all the trades. I will
also implement the so called "Bobby system" and see how this will improve
things. @Bobby: If there's gonna be a trading group with the Pallada EA, I'm very much interested! bassd25@hotmail.com
Trading isnt a hobby, is a business and a damn serious one. If you wanna trade, you need to do it fulltime. Otherwise you will get wiped out. Pallada is a great system, I use it professionally as a robot Shark build 02 and Bonansa (I am still testing Bonansa) are good. I use shark since November 2007. I also used Griffin but I deactivated it (too many losses). New version of Shark looks promising. But if you wanna trade seriously, get seriously. Otherwise play with demo accounts and save your hard gained money from being eaten by the market. Study babypips.com, read about Elliott Waves, Dow theory, etc...This isnt easy...Systems are good instruments but like a pilot you still need to know how things operate "manually" otherwise, sooner or later, you will crash. Good luck!
What is up Elektrance!! Go to see you visited us. I totally agree with you. NO EA CAN BEAT A HUMAN!! I made 100 pips yesterday on GU and I could have made more using "The Bobby Method." THere is NO EA here that can beat this!! Yesterday I made 97 of a possible 200 pips and was only playing around. ALL from using Pallada and not ten different EA's and systems. I agree with you. I study charts EVERY weekend. I have looked at THOUSANDS of them. Have spend THOUSANDS of dollars on courses and even MORE testing systems. Only to find that something I knew about all along works WELL!! A very intelligent professional trader that I paid $5,000 once told me that a system is B.S. if you cannot write the rules on the back of a Business card in LONGHAND!! He told me that no professional trader uses an EA. He also gave me about 2,000 pages of reading on various topics to read about trading in general. Believe me some of it I have posted here but above all to win in any trading you need two D's... DISCIPLINE and DEDICATION!! Happy pip hunting fellow Bobby method followers and above all be safe and smart in there!!
Where are you fcaillou!! Give us some more 400 pip weeks!! You are my inspiration for all that say it cannot be done!!
I'm alive.
I have not made another 400 pips in 4 day because i works my Discipline and my too big enthusiasm.
So i have wait to know read the new Pallada 3.2 for make lots of trade.
This new version is really simple to read.
The results? I have start monday with the "bobby method" in protect mode ( SL 35, TP 100, TS 35 )
12pips on GU and 65 with EU, good for a beginning.
I know i can make far better without this TS, it take profit long before the end of the trend, but it is, for the moment, a security for my little cash.
Good Trade.
fcaillou
#1 you are my personal project. I want to prove that i can teach this to ANYONE. Your stop is too tight. I am going to tell you how to fix this. I already know your problem without talking to you...
YOU ARE TRADING TOO MANY LOTS!!
Her is the lesson for today folks monday was a 100 to 200 pip day. I personally got 97 pips. I was teaching at the time so i could not get them all. If you have a fear to hit a stop then you are trading TOO many lots!! I personally trade 0.5 to 1 lot in a trade and I know my RISK EVERY TRADE is $175 to $ 350 dollars. However do not think at times trade ONE TO TWO minis. If i do not feel good about what i am seeing in the charts. I know that a loss of 35 to 70 pips is like lunch money and thus I take every trade an I do not worry about if if hits a stop. That is part of the game. Remember folks this system is 7 out of 10 correct and 2 of the 7 will be HUGE 100 pips trades. Stops are normal welcome them. How do you think i felt when I rode the sliding board down on GU today. I had to sit there for HOURS and i took 100 pips. You must learn to TRADE DEFENSIVELY. You do not defend be being scared and cutting profits short. You must BOOK YOUR PROFITS PROFESSIONALLY (SETH GREGORY FROM FOREX MENTOR)!! ALWAYS take 40 to 60% of your trade of at near of close to the # of pips you are risking. For me this number is always 20 pips then i take some at 35 to 40 pips.\ then i let the rest run. Try this and I sure your results will be better.
I understand,
With my broker, FXDD, i think that i can't split the lot. So, for example, i can take 3 trades with 0.1 lot each, no TS but different TP: 20.50.100.
It was better than a trade, hit TS, take profit, re trade, hit TS... and at the end it hit direct the SL with take loss.
Thank you for sharing your knowledge. i will apply your advices with the next trend.
I have FXDD and you can split a lot. Last night when I made the 100 pips. I started with 5 minis. Then I took 20 pips at 2 minis and let the rest ride. I can be done instead of opening 3 trades which would mean you are managing 9 trades at a time over 3 pairs. This is too many trades to manage at one time. I have the EA automatically take profits but not move the stop until 35 pips up. This gives the market room to breathe. If you are trading at 1 dollar a point and you are jumping like this pulling the trade then you problem is not the lot size but discipline. You need to NOT trade and watch so you can gain confidence in the system. Play in your sandbox (DEMO) until your confidence is up. What you do in practice you will do in the real game. At any rate 70+ pips for a beginner is AWESOME but I want you to do better.
If there is a comment group for learning about this EA, I would appreciate being able to talk with others about the use of it. Many times I am confused, should I or shouldn't I enter a trade...
I don't know it it is data difference or just my ignorance, but it seems like the new exits take you out just before an expansion of price...does anyone else have this happen ?...
The writer oof this product, should have a forum to discuss it, as there are many nuances...that need explanation...these comments here have made me feel much better, thank you to all of you that make them. Good Trading to all
Could someone please point to where to learn or buy the "Bobby method"?
Thank you.
Tim
Hi Tim, I think Bobby method is not for sale. It's Free. Bobby method is all over this blog, If still can't understand, u can post a question or u can contact Bobby directly.
Is it possible to have the Bobby method in a single file instead of looking for bits and pieces all over? It would be nice for an easy overlook.
If anyone has done that then please let me now so I can give you my email.
regards,
Michael
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
Great Anonymous, and thanks for your hard work.
Does anybody know what's going on with Pallada? No statement update for 2 months, no news regarding the fully automated version... is it just the calm before the storm or what's going on?
Pallada released V3.3 back in August. The only difference seems to be a correction to the VQI to keep it from repainting on the M30. This was happening because the number of minutes was previously set to 60. The new release set it to 30 but I prefer to set it at 0 so that it will self adjust to the chart that you are using. The other change was increasing the number of days for the main Bollinger Band signal from 46 to 50. I don’t know how much this affects things.
With the markets not making such long sprints like they did earlier this year, Pallada on the M30 is not doing so well. The days of 200+ pip trades on the M30 seem to be over. Since the main signal is a Bollinger Band break-out, I am finding that the trade is nearly over by the time to enter the market arrives and there may be one or 2 bars max of movement. You have to be on top of it constantly.
I used to set the trade with a stop loss and leave the take profit open and watch it go for hours or even days. Now, if I even mess with the M30, I set a fairly tight take profit goal and am happy if I get 20 – 30 pips.
What is working really well is the D1 for EURUSD, GBPUSD and USDCHF. The USDJPY is working really well on the H4. Of course you will be setting stops at 200 – 400 pips and holding for 10, 20 or even more than 30 days at a time but the returns are outstanding.
Remember to adjust the number of lots when you raise your risk level.
Although this carries a higher risk, it sure is nice to be able to sleep and I only have to check my positions a few times per day. It sure is a lot less stressful.
Good luck to all,
Dave
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
Does anyone have any news on the current state of Pallada 3.4? A few months ago Pallada was THE hot potato and now no ones seems to talk about the system anymore, no new statements and so on. Is it still worth the money and does anyone have any experience with the new updated version?
I actually just bought the special edition 2009 version of pallada. haven't heard anyone else using it yet since it's just been released few days ago. So far, it's showing promises, had some great entries, for EU, GU and EJ, but UJ has been loses. trading it all on the M30 chart as directed. I don't start watching for trades until 4 hours before London, and from NY open until 1 pm. I'm still trying to get used to the way to trade this, so mistakes happen. I'll keep trading demo with it for the next 1-2 months and see how it does.
Anyeone else here bought Pallada SE 2009 that has thoughts about it?
Hi
I've just bought the current version of the Pallada system and would appreciate any help that the group can offer on interpreting the manual and any information on the 'Bobby Method' that I've heard so many great things about.
Bobby - if you're still out there, could you help? I've been reading your posts with great interest over the past few days and I'd love to learn from the master!
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