Meet PALL-E
In 2023, many robots were draining deposits on gold, even on conservative settings. I did research on the reasons for the drains on one of the popular trading bots. At that time I came to the following conclusions:
The PALL-E Trading Bot
A year of development, research, strategy improvements and optimisation of settings for safe (as safe as possible) grid trading with averaging has passed. The result is the PALL-E trading bot for MetaTrader 5.
A trading strategy is implemented in PALL-E:
Opening Trades Only On the Trend
The bot uses a combination of indicators: RSI, custimised MA, ADX, ZigZag and SuperTrend, simultaneously and on different timeframes.
Safe Martingale Averaging
This is the main feature of the bot. The bot does not average until it detects a trend reversal. Each next position is only opened when the trend has reversed to the right of the grid. As a result, the bot has no open positions at fixed intervals. The averaging distances depend on the current price behaviour.
Adaptive TakeProfit and Averaging Distances
The bot determines the appropriate distance for the next averaging and can dynamically adjust the TP of the grid at each averaging knee.
Automatic Locking on Drawdown
The function of locking open positions and stopping Expert Advisors when the set drawdown level is reached is placed in a separate bot that works on accounts where other robots are trading simultaneously.
PALL-E Testing Results for XAUUSD
Broker: Roboforex-Pro Model: Real Ticks Initial deposit: $100000
Conservative Set
Interval: 01.01.2018-01.10.2024 Profit: starting 3% to 10% per month. Drawdown: 17% Potential drawdown if PALL-E started averaging the moments of gold’s biggest non-stop moves from 2018 to 2024: 37%
Full report on MT5 testing results - download zip.
Aggressive Set
These settings cannot be applied to any historical period. They are highly dependent on the current nature of the instrument’s movement. They should be reviewed regularly and applied only in periods when the instrument is in a standard price movement!
Interval: 01.01.2024-01.10.2024 Profit: 13,6% per month Drawdown: 20%
Full report on MT5 testing results - download zip.
Inputs
Basic Strategy Settings
Indicator Combination Settings
Bot Usage Options
- Copytrading on RoboForex with conservative settings.
- Subscription: Free and without verification.
- Account Type: Pro-Cent.
- Minimum deposit: $1000.
- Commission on profit: 15%.
- Lock positions: At 40% drawdown.
- *Adjustment of settings: Regularly once a month.
- Copytrading on RoboForex with aggressive settings.
- *Subscription:*Free and without verification.
- Account Type: Pro-Cent.
- Minimum deposit: $1000.
- Commission on profit: 15%.
- Lock positions: None.
- *Adjustment of settings: Regularly once a month.
- Installation of the bot in your MetaTrader 5.
- *Robot price: Price is negotiable at Installation of the bot to your RoboForex referral account.
- Account type: Pro-Cent.
- Minimum deposit: Any.
- Commission on profit: 0%.
- Lock of positions: Customizable at will.
- Adaptation of settings: Performed by yourself if necessary.
Important Warning
- The PALL-E robot does not guarantee a profit.
- The PALL-E robot does not guarantee deposit protection.
- The PALL-E robot can hold positions from a few minutes to several weeks.
- use the PALL-E robot at your own risk.