Comment on Pallada EA (Warning)

[elektrance]

In Forex we have to be constantly learning. So, I tried many systems,I bought many products and I can say I have learned many ways to trade forex. Pallada is ok. Profx is ok. And many systems are ok. However, since I found a system that NEVER LOSES, the others are immediatly put aside. I also used fully automatic EA's like Shark and Griffin. But, cutting the crap, there are no EA's that can manage your money better than yourself (in case you know how to trade of course). Price action is just too complex for machines to understand (look at the failed Advacast FX project and others like it). You can win over a certain period of time with a fully automatic EA but sooner or later market suddently and violenty changes and the EA will not be able to understand those changes quick enough. So your account will also change...For the worst.

Like I said Pallada is ok. But I dont use it.

[shiva]

Elektrance, thanks for your comments. I also bought Cyclon's system, but its way over my head right now, can you try to explain your understanding to me in a PM please?

regards

Originally Posted by elektrance

Hello fellow traders,

I just want to tell you that I stopped using Shark EA, Pallada EA and all the possible EA's you can think about it. I finally understood the concept of Cyclon's Supertradesystem and it is the only method I use. Last entry I could detect was on July the 2nd at 10:48am GMT eur/jpy sell entry. Movement is still open with a current profit of 63 pips. This system is flawless.

Thanks Cyclon!

p.s. - Pallada EA might be a good system but not even comparable to this Supertradesystem. Supertradesystem has a league of its own.

Cheers!

[bassd]

Originally Posted by elektrance

Hello fellow traders,

I just want to tell you that I stopped using Shark EA, Pallada EA and all the possible EA's you can think about it. I finally understood the concept of Cyclon's Supertradesystem and it is the only method I use. Last entry I could detect was on July the 2nd at 10:48am GMT eur/jpy sell entry. Movement is still open with a current profit of 63 pips. This system is flawless.

Thanks Cyclon!

p.s. - Pallada EA might be a good system but not even comparable to this Supertradesystem. Supertradesystem has a league of its own.

Cheers!

looks like this system is very selective at choosing its trades. How many entries could one expect in a week?

[RxPipDaddy]

Hey People to keep the problems down we have had in the past I do not publicly post now. Please visit duyduy site and go to the new chat room and also use the PM and we can schedule meetings if you need help.

[elektrance]

Shiva and bassd that is off topic, for questions regarding star I suggest you contact support of the system. I can only say that star is my all time fav system and I use it for my professional trading. Please note that I trade for a living. Good luck.

[67-17454]

I went to their website and version 3.2 is 'final'. Is this a true EA version, or is this still a while off?

I'm trying to decide whether to buy now or later?

Thanks,

Mark.

[hitescape]

Pallada version 3.2a is the latest (that I own and know of) and it is a collection of indicators, not an EA. There is a "Smart_Trailing"EA for exiting trades but entering the trade is a manual process.

[oilfxpro]

Originally Posted by elektrance

Shiva and bassd that is off topic, for questions regarding star I suggest you contact support of the system. I can only say that star is my all time fav system and I use it for my professional trading. Please note that I trade for a living. Good luck.

How is it going and whic system are u trading?

OILFXPRO

[blackcode]

hi,
I have a review if you don't mind about the Pallada system :

1- they have a bad support, i sent them 2 emails for now and they didn't reply any of them.

2- there system have no clear way to exit, there is many ways and not every time this way will be good so far. so if you used the "Exit signals" indicator, sometime its will make you exit with 5-10+ pips after the market was moving 50-70+ pips, and if you used the VQI, its worst !
and trailing stop not good and always exit you too early, the Smart EA the same story here.

3- some times you will get 4 stop loses in one day, and this will make a big Max DD if you lost 2-3 days like this.

4- the system needs a person who don't sleep at all, you have to watch the market 24/5 or maybe you will missed the good ones and then the result will not as it should be.

5- i think they didn't make a fully automated EA not cuz as they said, but cuz if they make it then ppls can make a long time backtest and "maybe" they will disappointed with the results they will see.

[conny268]

Hi,
has anybody used the programm Pallada EA?

Best Regards


conny