Doubts

[Fritzvanderlaar]

Hello Galileo-specialists,

I am a user for 6 months now and have my doubts. I trade stocks and that goes reasonably well......as long as I generate the orders myself.

Two things I noticed during this period.

1. Galileo FX does not generate orders when markets open and stocks go up, perhaps because it is programmed to generate an order on bullish signals at the end of a down-period.
2. When generating an order, it is the wrong kind looking at the trend of the stock-price: Buy instead of Sell , Sell instead of Buy.

I use settings Bullish signals; 4 , Bearish signals: 8, Timeframe 4 hours.

I have my doubts if the Bullish/Bearish- approach is really suited for trading stocks. Please send me your thoughts.

 

[Sanchay]

Hi @Fritzvanderlaar, I understand your concern. Since you're using a 4-hour timeframe, the number of trades will naturally be very low. Stock markets typically remain open for 6–7 hours a day, so Galileo FX will only analyze one candle per day on this timeframe. As a result, you might only get one trade per week or even less.


Using a setting of 4 consecutive bullish signals and 8 bearish signals usually means you're leaning towards bearish trades. You can adjust these values depending on the direction you prefer. If you want to prioritize bullish trades, set the bearish signal count lower than the bullish one—this way, bullish trades will trigger faster. The opposite applies if you want to focus on bearish trades.


Also, you can find the latest settings at https://performance.galileofx.com/

 

[Fritzvanderlaar]

Hello Sanchay,
Thanks for your reply. I'll go to a 2 hour timeframe. I use 4 bullish/8 bearish because they gave the best result in the tester.
Better then 8 bullish/4 bearish. Should I be switching then according to the market trends?