Having wrestled with GalileoFX settings for 5 weeks I turned to the AI tool used to design average 30% savings into our COOLNOMIX energy saving technology for air-conditioning and refrigeration (see www.coolnomix.com). Amazingly, the AI tool through up following settings which are completely counterintuitive.
In passing, it is worth noting that there is an extreme FX midcourse correction on or around Wednesday every week which throws readings either up or down in points. However, the maximum points swing is seldom less than 300 points and so 300 points is what I set for my stoploss (see how crazy it seems to be?) So the settings suggested for all 4 FX pairs (USDCHF, USDJPY, GBPUSD and EURUSD) for continuous 24 x 7 running (I'm at work each day) are as follows:
TIME INTERVAL - M5
LOTS - 0.1
RISK - 0.5
MAX ORDERS - 3
STOPLOSS - 300
TAKE PROFIT - 50
TRAINING START - 0
TRAILING STEP - 0
CONSECUTIVE BULLISH - 3
CONSECUTIVE BEARISH - 2
The effect is to ensure continuous profits with a very occasional single loss around midweek (Wednesdays) when the market gets a significant shift.
As I have said this is completely counterintuitive so test it with caution. Enjoy!
In passing, it is worth noting that there is an extreme FX midcourse correction on or around Wednesday every week which throws readings either up or down in points. However, the maximum points swing is seldom less than 300 points and so 300 points is what I set for my stoploss (see how crazy it seems to be?) So the settings suggested for all 4 FX pairs (USDCHF, USDJPY, GBPUSD and EURUSD) for continuous 24 x 7 running (I'm at work each day) are as follows:
TIME INTERVAL - M5
LOTS - 0.1
RISK - 0.5
MAX ORDERS - 3
STOPLOSS - 300
TAKE PROFIT - 50
TRAINING START - 0
TRAILING STEP - 0
CONSECUTIVE BULLISH - 3
CONSECUTIVE BEARISH - 2
The effect is to ensure continuous profits with a very occasional single loss around midweek (Wednesdays) when the market gets a significant shift.
As I have said this is completely counterintuitive so test it with caution. Enjoy!
