Pallada Forex System” trading system
This system is based on specially developed indicators and is designed for trading on the Forex market. The system is configured for three major currency pairs (EUR/USD, GBP/USD, USD/CHF) to work on a timeframe of 30 minutes. The “[email protected]_multi” template is used to work according to this scheme. To work on other major currency pairs and on other timeframes, you will need a template “[email protected]”. The main indicator on the main chart is “Pallada_AllAveragesBands”. It is reflected as a red or blue line above or below the price. When the trend changes, the yellow point of the indicator “Pallada_MainSignal_AllAverages” appears. The main chart also has the “Pallada_Assistant” indicator, which shows the average daily line and the information window in the upper left corner of the terminal. The chart bars are colored in blue, blue, red and pink using the indicator “Pallada_Bars”. In the first lower window of the terminal there is an indicator “Pallada_Entry” consisting of red and blue arrows and squares. The second lower window contains two indicators – “Pallada_PairStrength” and “Pallada_SessionMovement”. Depending on the pattern, there are two or four rows of squares of blue, blue, red and pink.
For correct operation of the “Pallada_Assistant” indicator, you should check your broker time. The default time is 00:00 – 07:00 CET (GMT + 1). If your broker’s time (not local) differs from CET (GMT + 1), you need to change the StartHour and EndHour variables depending on your broker’s time. The “[email protected]” template has the “Pallada_Tralling” indicator installed. It draws target levels and automatically closes deals at these levels. You should be careful when using this indicator and first test it on a demo account.
Here is an example of buying on the AUD/USD pair with the “[email protected]” template. The system uses two levels of signals. In this case, the signal of the first level, when all the squares and arrows of the indicators “Pallada_Entry” and “Pallada_PairStrength” are blue. The bars of the chart are blue and the price is higher than the blue line “Pallada_AllAveragesBands”. In this case, the position is closed when the pink bar, red arrow and red squares appear.
Here you can find the sale on AUD/USD pair with the same template. There is also a first level signal when all the squares and arrows of “Pallada_Entry” and “Pallada_PairStrength” indicators are red. The chart bars are red and the price is below the red line “Pallada_AllAveragesBands”. In this case, the position is closed when the blue arrow appears.
Positions can also be opened by the second level signals when one of the squares has a different color. It is recommended that the stoploss be set at the level of the nearest fractal, but not less than the size of the entrance bar. Profit is fixed when the indicators change to the opposite or by the levels of the indicator “Pallada_Assistant”.
Working with the “[email protected]_multi” template differs only in the fact that it takes into account the correlation of three currency pairs. This allows for more accurate signals. When trading with one of the pairs of EUR/USD, GBP/USD and USD/CHF, the data of the other pairs is loaded automatically. One should also take seriously the question of how to choose a forex broker.
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