Pallada Trading Strategy

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.