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Recent content by Enola

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    How many pairs can you trade in a demo account at the same time?

    You second post is correct. You drag and drop the Galileo FX to the chart and then setup the bot settings you want for that chart. Once it is setup, you can then click the icon next to the bot name in the top corner of the chart to change settings, etc. for that one specific chart if you need to...
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    how to keep Algo Trading ON during night?

    The best way to accomplish this is to go to your laptop settings for Power and there is an option that says "Never go to sleep while plugged in" and choose that. It sets it so you still have your battery saving sleep mode while not plugged in, but as long as you have the laptop plugged in, it...
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    How do I close this ?

    If I understand correctly, I think the red line might be your Stop Loss position. The green line is your entry position, and the red line is often the stop loss position. Clicking the red line and manually dragging it up and down allows you to quickly adjust your stop loss position. I may be...
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    Very First Order - Help!?

    No such thing yet. However, this bot is probably one of the more advanced bots from what my research shows. The range of settings and the market reading speed are supposedly top tier, so if you learn to program your own strategy into the settings then you can use the bot to make money.
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    Very First Order - Help!?

    The first step would be to learn the language of trading and then to learn the settings for the bot. Open a demo account first so you don't lose your money while you are learning. On the platform (MT4 or MT5), you'll open a Chart which is what you want to trade. On the chart, you'll see Candles...
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    New to Galileo FX, excited to start learning

    The first step would be to learn the language of trading and then to learn the settings for the bot. Open a demo account first so you don't lose your money while you are learning. On the platform (MT4 or MT5), you'll open a Chart which is what you want to trade. On the chart, you'll see Candles...
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    BOT Actions

    The bot reads bullish and bearish signals based on the close of the candle on the chart. So if the candle is green and then closes, the bot marks that as a bullish signal. If the candle is white and closes, the bot marks it as a bearish signal. Long wicks and what happens while the candle is...
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    Trailing Start/Step

    The way the Trailing Start and Step works is based off of your Entry Point and the movement in the profitable direction of your trade. So it start with your Entry Point which the other settings will help you adjust. Once a trade has been triggered, the Entry Point will show as the first Price...
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    Moving Stop Activates when profitable....

    With the Trailing Start and Trailing Step features, you can move your Stop Loss as the trade moves in your favor. After reaching the Trailing Start amount (Entry Point + Trailing Start), your initial Stop Loss will be dismissed in favor of your Trailing Step setting (Entry Point + Trailing Start...
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    Trailing step

    The S/L doesn't ever reduce. It only moves up. What he meant by up/down was based on whether you were buying/selling (longing/shorting). The S/L will always move in a singular direction though. Up for a long/buy. Down for a short/sell.
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    Trailing step

    One small note about what you mentioned - In what you said for step 2, it does immediately set the S/L level. The first trigger of the Trailing Start will set the S/L to the value which equals Entry Value + Trailing Stop - Trailing Step. So if the OP entered at an even value of 500 points, the...
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    Modification of Signal Settings

    What is the checkbox for "Allow Modification of Signal Settings" for? What does selecting that setting and turning it on do?
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    Exchanges

    I believe so? Sorry, I don't have any experience, so I'm trying to get answers so I can figure out how to move forward. Is there a way around that spread?
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    FIFO Compliance Tips: Navigating U.S. Regulations with Galileo FX

    So I was told that there was also the possibility of using different lot sizes as a workaround. However, using dynamic lot sizes calculates off your risk, so it always uses the same lot size. I did attempt to open two separate M1 charts for AUDCAD and setting the bot for 0.01 lot size on one...
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    Introduction to Forex Trading: Basics and Fundamentals

    For trading platforms, are there any platforms besides Metatrader that Galileo FX is compatable with or was the bot specifically built to install and run on Metatrader?
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