Pallada is half-automatic trading strategy , all
trades should be opened manually
according to signals
of indicators! Smart_trailing expert is built in Pallada, so
when you open trade,
your position is managed automatically by this
expert.
Recommended timeframe
for trading – 30 minutes.
Important:
After You enter trade,
You should place stop-loss manually(recommended 35-40 points).
Alert sounds about potential trade, it notifies about possible trade if you
are not in front of your PC.
Pallada works with all
major forex pairs. You may
use system on other pairs, but results are not guarantied.
Indicators description:
#Pallada_MainSignal
– Main signal indicator.
Indicates Bollinger lines breakouts that are built without lag. MainSignal is
built with maximal smoothing, it uses fractional standard deviation. Indicator
works much better than standart BB.
#PalladaEntry
section for 3.0 version- additional
complex indicator (Price Detrender+WPR+STO). Generates signal to enter market.
Entry signal is used to confirm main signals of #Pallada_MainSignal and
#Pallada_VQI. May be used also as exit signal, when changes its color.
#Pallada_VQI- main trend indicator, built using moving
averages on many timeframes with maximal smoothing
#PalladaBars – Colores bars according to trend direction
#Pallada_ExitSignal
- very sensitive trend
indicator, helps to exit position.
#Pallada_SignalBoard
- Complex signal indicator.
Helps to monitor 5 currency pairs simultaneously. Combines VQI and BB_sig
signals, shows current direction and amount of bars, when previous signal has
appeared.
#Pallada_Commentator
- additional information
indicator, helps to get required information about market.
Indicators location on the chart :
(chart_ window №0): Mainsignal and Commentator
(separate_window №1) :
PalladaEntry and SignalBoard
(separate_window №2) : VQI
In 3.0 version email alert feature is added (Tools-options-email,
where you may insert your smtp information to receive BB_sig alerts on email). When potential enter signal will appear, You
will immediately receive notification on email. All alerts are customizable, so that you may
switch off or turn on email notification for each indicator
All alerts, sound signals and
email notifications are customizable, so
that you may switch off or turn on notification for each indicator, just go to
indicator properties and change EmailOn, SoundOn or AlertOn option from false
to true to turn on notifications.
Pallada
Entries
1) The most powerful signal of the system is when 3 main indicators (VQI, Mainsignal and
Pallada entry section) are colored in the same color. This is
the main signal of the system and you should enter immediately.
Screen 1
3) Pallada recognizes
flat trends and helps you to recognize it.
Look at screen3. VQI is blue, MainSignal – red, PalladaEntry
section is colored both in red and blue. Market is in flat, You should wait for a strong signal.
Screen3
4) This is how Pallada works on strong trend (Screen4), so
profit from such trades will cover all potential losses from flat trends
Screen4
Pallada Exits
1) Automatic Exit
If You have no time to
stay in front of your PC You may attach smart_trailing expert and it will
manage position automatically. All expert options are customizable.
By default : When profit is 20 points, stop loss will be
moved on +1, then when profit is 35 points, stop will be moved on +10, 55
profit - + 30. Then stop will be moved
on 5 points.
To start
Smart_Trailing, just put it on the chart. All positions will be automatically
managed by Smart_Trailing (Turn on function
“Allow live trading” in expert window) .
Depending on market condition (trend/flat) and currency
Advisor parameters may be customized . Parameters by default are for market
with active trends.
Description of advisor
parameters:
UseCloseOneThird = False; // On each profit level 1/3 part of lot will
be closed
LevelProfit1 = 20;
// First profit level
LevelMoving1 = 1;
// First move level
LevelProfit2 = 35;
// Second profit level
LevelMoving2 = 10;
// Second move level
LevelProfit3 = 55;
// Third profit level
LevelMoving3 = 30;
// Third move level
TrailingStop = 30;
// Trailing range
Slippage = 2; // Price slippage
ShowComment = True;
// Show commentaries
UseSound = True; // Sound notification
UseCloseOneThird option description
To use
UseCloseOneThird option set it from False to True.
Example of position wit UseCloseOneThird True
When You use
UseCloseOneThird option, only First level of Profit Works, for example, You
open position with 0.9 lot, your LevelProfit1 is 20. When First level is
broken, smart closes 0.3 lots with profit 20 pips. And then, it manages 0.6
position as a new opened position. So, when next 20 pips level is broken, it
will close 0.2 position (1/3 from 0.6 lots) with profit 40 pips. And then it
will manage 0.4 lots as a new position. 0.4 can not be divided into three, so
when next 20 pips profit level will be broken, it will close 0.4 lots.
IMPORTANT!!! If You
want to use all 3 Profit Levels (recommended),
UseCloseOneThird function should be off (it is set to false by default).
Example of Position with UseCloseOneThird False
After ou open position
with any lot size, on first profit level (20) stop loss will be set to +1, on
second profit level (35), stop loss will be set on +10, on third profit
level(55) stop will be set to +30. After this three levels, if TrailingStop is set to 30, when 85 pips level
will be kicked, stop will be moved to +60, and so on.
SmartTrailing manages
all opened positions when TicketList
option is set to ALL . You may print there
also number of the tickets, that You want to manage , for example 12345/23456/34567
, and it will manage only this three positions.
2)Manual Exit
If You don’t want your position to be managed
automatically, there are two types of
exits – Fast exit and Long Exit. Fast exit - when
arrow appears, Long exit - when one
of the main indicators changes its color. Look at the screen
After You enter trade, first Fast exit appears
at 105.55 level.
FastExit signal may be
also used for re-entering position :
There may be condition
for re-enter, when Fast Exit appears (at 105.55), but main indicators did not
change their color, as on screen(VQI, Entry section, and Mainsignal are still
colored blue), You may re-enter when ExitSignal blue arrow appears again. Next Fast
exit appears at 106.16 level. If You use long Exit, it appears at 105.97 . So
it is Your choice what exit to use. If You will use fast exit, risk will be
lower.
