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.
Tuesday, June 3, 2008
Pallada EA Fully Automatic
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18 comments:
Hi duyduy,
This is great news! Like you I work full time so even though I try to trade with Pallada, it is difficult to catch the good trades. But I can see the potential of this EA as it is very consistent compared to some others.
I am considering to get PipBoxer because it just finished one year of live trading with over 5,700 pips to the plus side. But the DD concerns me and Pallada seems consistent if managed well. I still can see some bigger DD happening with automatic trading but it will be exciting to see and test!
I also agree with you that entry is difficult to understand with the current manual and hard to do even with the email alert to my cellphone because it only says BBands going up or down without any other message so this will be great to see how they do it.
If you do make the group to support Pallada users, count me in! I am in Southern California of U.S. Look forward to everyone's input!
Hello Everyone,
Sorry for my absence yesterday. For all you "Bobby Method" followers you had a rough day on EU yesterday and a super day on GU, UC, and UJ. I want to say again it is VERY important that you take every trade. Even if you trade one pair like the EU on yesterday, it was a little bumpy but you should have finished the day with a small loss on that pair. I have reviewed the version 2.5 manual and the version 3.1 manual along with the information the author sent me and it cleared up a lot of confusion. I am going to speak to Duyduy about making this available to all of you guys. However I would like to see if the next version of Pallada brings a better manual before I try to put one together. Also I received news from DuyDuy about an Ea for pallada. I know everyone is waiting on this but I want to advise you as I told DuyDUy no EA can out perform a human and I urge you to learn the system and trade manually for the best success. I am also testing Pallada on higher time frames for users that work. I have seen this implemented on similar systems but you must be advised that the pip risk is much higher. Other questions about how I enter a trade. I have a hard and fast rule i told Duyduy. I only enter the trade if the clock is on 00 or 30. THis insures the bar is completely formed and that I can avoid premature false starts. Also for those that cannot watch the computer to watch your profit targets, i urge you to set the EA for LOGICAL profit targets. For example the average range of euro is 72 to 120 pips. It would be logical to take 1/3 to 1/2 of your trade off at 20 pips since this will FUND your stop then take then take another at 40 pips and let the rest RIDE. You need to develop the discipline and remember that every trade STARTS as a loss and you need to look to cover this loss ASAP THEN look for profit. As for the pipboxer it is ok but I do not like it because it does not take advantage of the trend and stops can be rather large at times. Also lest compare 5,700 pips in a few years vs 1100 to 1200 pips a month. You do the math!! It is still worth your time and effort to learn Pallada. Until my next post Happy hunting!!
Hi Bobby,
Thank you very much for your evaluations and advice! I am trying to see what is the best way to trade with Pallada along with my work but to be honest, it is difficult to do more than 3 hours a day of manual trading. If the alerts were better, like "VQI Sell on EUD/USD" or "BBands Buy..." it would make it much easier to get to the computer and trade more hours. Also since I am president of my company, I am often out of the office and traveling worldwide as well which would make it difficult to do all trades even on just one pair on the longer time frames.
Of course everyone has their own style of trading and I know for sure that manual trading will out perform almost any auto trading, but right now, I would like to see if Pallada auto can get 300-400 pips a month without large DD like PipBoxer. PipBoxer had a 3 month period where it had almost 50% peak to valley DD last year (which is very bad) but still ended with 150% profit for the 1 year result so it still intrigues me. Plus I think they added the advanced money management system now which prevents the big loss but I am really looking forward to seeing the new Pallada auto trade to see if it can be consistent as the manual trading.
Also I received the email from the originators about the early manual exit. I'm not sure if you already posted this but they like to exit early when the yellow line crosses a color change of the Trend Power bars and I noticed this will also get you more profits most of the time. What I would like to know is when you say "I only enter the trade if the clock is on 00 or 30" are you talking about minutes and right after the bar prints? If so, how about when the clock is on 15 or 45?
And duyduy, did they tell you how much the auto trading program will cost? If they are giving 40% - 50% discounts, I would assume about double the current price? That would be well worth it if it can perform as consistently as the manual results even with much less profit. PS I currently also have my money in a managed forex account which is netting about 5% a month after fees if anyone is interested in learning about it or just trading some ideas, email me at my id fx88fx at g mail.
Bobby, sorry I was thinking about M15 in PipBoxer so please disregard the 15 or 45 question.
Thanks guyguy for the auto EA update.
I will check with Pallada team to se eif I get the actual cost after discount. More and more info is revealed about the system for everyone's gain. Thank you to all!
Fx88fx I was discussing the possibility of starting a managed group with Duyduy. Clearly this is in the infancy stages but for example with the trades I showed Duyduy taday it was a easy 200 to 300 pips on the majors BEFORE the spike. Also I did not post the exit but that is it and the author send me a pic showing it also. What do you guys think of a group that trades this system. I welcome your feedback. I also want to wait until the next version of Pallada is released so that we can discuss strategies further because of the things they may be adding. This should be in a few days before we get the new release. To be totally honest with you I do not like pipboxer. It is just a advanced straddle program with a few perks. We will come up with something that can help us earn and learn at the same time. Lets hear your ideas guys!! DuyDuy is up over 8% in 3 weeks and he is not really using the system properly. Think what would happen if he did use it correctly?
Bonjour all,
I have buy the Pallada a week ago after many loss with several EA ( GoldenGoose, Shark and griffin ). With lot of luck, i have read the "Bobby Method" the same day and apply it for a week. What can i say...it's terrible, i have made 400pips in four day. And i'm not a trader at all. I wait the signal on the VQI, i take the trade only if all bands are in the same color and i trade only just after the new barre (00 or 30 for the clock ).
If one bands or indicators are not full red or blue, i wait the next barre. But if all is good, i take all the trade on my four pairs.
I can be all the time on my screen, so i pull a SL of 35 pips, a TP of 100 pips and a TL of 35 pips. I will tell you my experience of newbie on Pallada on this blog, i hope it can help some people.
Sorry for my poor english, i am french, and thank you duyduy and bobby for all your help and advices.
Have a good day.
WOW!!! This warms my heart to hear this but really you should have made about 600 pips yesterday if you traded the whole day!!! You are doing TERRIBLE (hahahaahahahah)!!!!!! I am glad I could affect change in this community and do not worry about your english because the language of money is all the same!! I hope the best success to the rest of you guys and we are still looking into the site and other things for the group!!
Wow, fcaillou 400 pips in 4 days and u r not a trader. I think u mean is impressive result, not terrible. Too bad I can't follow all the signal.
Right, he meant terrific :) I wish I could say 400 daily, but slowly and for sure with everyone's help I will get there. Go group, Go! fcaillou thank you very much for sharing.
Hi Everyone,
I bought the Pallada today.
Thanks for all your info.
If you start a group - count me in!
I think most traders can pick a good entry. It´s mainly the moneymanagement end the exits we have to fine tune.
Bonjour,
Yestearday was a bizzare and learning day with the forex. No real direction on all the paires i trade. In the same time i was very exiting with my recent profit and the human emotion, you know that, are the worse enemy of the trader.
Well, i have made what i and you doesn't, i have trade without all the signal of pallada in the same color and direction. I have trade without wait the new VQI barre to corroborate the trend signal and the results was...loss.
Not big loss, 10 or 20 pips on each paires, but i have made perhaps 6 trade, when the "Bobby method" give only 2 signals.
The conclusion:
it confirm with little loss that the pallada is a great system and the human, a poor machine.
Have a good day.
The above lesson is VERY important. The lesson of OVERTRADNG. Fcaillou do not fall into the trap of over trading. The pallada will give you a AVERGE signals of 2 per DAY on a 30 min chart. It is important to wait on them. They will come. Do not force yourself to see something that is not there. LEAVE that computer until it calls you. Believe me trading 4 pairs you will have plenty of action. Also the reason I have you looking at those pairs is because of the relationship of the pairs. What you are looking for is a "MARKET SCENE." What is a market scene? This is when you see the same movement happen across mutiple pairs. Folks this is when you CLEAN house. For an example of a market scene look 2 day ago and see all those spikes at the same time.
In case we have any newbies in the audience that do not understand the relationship between the pairs let me explain.
Using EURO as your base to evaluate price action then SWISSY will move approx 96% of the price action of EURO in the OPPOSITE direction. UJ will be about 87 to 92% of the movement in the opposite direction. GU will move about 92% of Euro in the POSITIVE direction. Now clearly no pair will move pip for pip but if you look at all the charts at the same time you will see if Euro is BULLISH then so is GU and therefore Uj and UC will be BEARISH. Look for this and sometimes this will help you when the market throws you a head fake. This information is definitely worth the price of admission Pallada fans. Your homework for tonight is to look at all 4 pairs at the same time and you will see what i am saying.
If you try to second guess the system you will pay dearly. Believe me I have done this and this is why I came up with the 00 or 30 rule. This will FORCE you be disciplined and WAIT. Do not give your profits back. If you keep the pattern up you will see that you will catch 20 to 30 pips per pair per day. DO not be GREEDY. Remember this if you make 20 pips per day on 1 standard lot this is $4,000 a month. You should be able to make 80 to 120 pips every day. Slow down and let Pallada do the work. NO TRADE UNLESS ALL BLUE OR ALL RED WITHIN 3-4 BARS OF THE ORIGINAL SIGNAL. Please put this rule in your book Pallada fans. Make a sticky note of this and put this on your computer. I want you all to win but remember our journey to wealth is a TREK not a sprint. Have fun but be safe and above all be smart and DISCIPLINED.
Your "PipDaddy"
Bobby
P.S. Do not be afraid to let a trade run when you have built that profit up. You will be surprised at the result if you just let the trade go until US close.
Hello Bobby,
Thank you for all your advices and explanation. It is very helpfull for me and all the people who read this post.
I have learn the lesson and, since this morning, my word of the day is ZEN!
I'm sure i will make another big mistake in the futur, but it's usefull to learn. Of course i will share my adventure with you.
Fcaillou
PS: i hope the new build of the Shark work better than the past ;)
lasse: You sound as exited as me :)
fcaillou: Great quote "pallada is a great system and the human, a poor machine"
bobby: again great info. Everyone take notes!
bobby,
I sent you a private message on 06/03. You mentioned before to change the color on trend power to blue... Why? Also, what lot size would you recommend for $8K and $1K accounts?
Thank you very much in advance.
Sorry Subkey I will respond to you. Been busy setting my Pallada charts and studying the differences between 3.1 and 3.2. First that advice is now obsolete because in version 3.2 we use exit signal however if you still use version 3.1 by changing the color to blue now ALL the colors agree and it is MUCH easier to see when it changes from BLUE to red. Also you change the lettering to white but you notice in the latest version they have already done this. THis makes the screen easier on your eyes. For those that have the old version you can still use trend power in this way. I will forward the example given to me to Duyduy and let him post it showing the two types of exit under the old version for those who want to use it.
Happy Pip hunting and by the way how are you coming with the system?
Hi there,
Did you guys happen to start a small group as discussed with Bobby?
Regards,
SK
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