GBP/USD profitable results

[Eds7777777]

Done! lot size: 0.2 TP: 200 SL: 200 bullish signals: 3 bearish signals: 3 Just leave it to make me money
View attachment 1779

 

[Eds7777777]

What did I do wrong? please tell me!!!!

 

[Eds7777777]

Is my common settings correct?

 

[yawaboagye]

What did I do wrong? please tell me!!!!

I am a Newbie too. You did nothing wrong. I got same results as you on Friday. I think time did not favor us. Morgan posted this settings on Monday. @Morgan please educate us.

 

[Emma]

Helllo Emma. Which one are you using? Galileo personal or Pro?

Hi I am using pro...

 

[coffee nomad]

Are all these screenshots demo accounts or live? With the way some of these trades look, it seems like there's a lot of hedging which mine are constantly getting a "failed" notice when it tries to place buys and sells on the same chart at the same time.

 

[Chris]

Hey everyone, when you guys get those errors it's strongly advised to reach out to support@galileofx.com for a much quicker resolution

 

[Eds7777777]

Hi I am using pro...

Thanks for the reply , I am reluctant to make the upgrade from my personal to pro as I am not seeing any results TY

 

[Emma]

Thanks for the reply , I am reluctant to make the upgrade from my personal to pro as I am not seeing any results TY

Try to test first, or stick to the smaller lot size at the begining, if you don't have enough money on your account. Still the risk managemnet is the most important part of the profitable trading

 

[Emma]

Lately, I've been engaging in trading activities with AUD/USD and NZD/USD, using 0.05 lots. Employing a strategy focused on the m5 time frame, I've set a 200-point stop loss and 200-point take profit. I specifically wait for 3 consecutive bullish or bearish signals before making a move. My trading sessions span the entire day, influencing the use of a modest lot size.

This choice in lot size is a deliberate measure to maintain a balanced risk profile, given the identical 200-point stop loss and take profit levels, resulting in a risk-reward ratio of 1:1. While I've encountered approximately 28 percent negative trades, the majority of my trades have been positive, leading to overall favorable outcomes.

 

[Alex Trader]

What time frame? M30?

I am usually using five minutes time frame

 

[Alex Trader]

I am newbie here, normally what is number of trade that you put in your set?

Cheers,

Just make a good plan, test by your self and your will have numbers. Galileo FX's profitability is closely tied to its ability to maintain consistent trading performance. A well-crafted risk management plan contributes to this consistency by preventing reckless or impulsive trading decisions. By keeping your risk per trade within a defined threshold, you enhance the likelihood of achieving steady, sustainable profits over the long term...

 

[Morgan]

Thanks for the reply , I am reluctant to make the upgrade from my personal to pro as I am not seeing any results TY

Follow the advice of the profitable traders here, and be patient, don't think that you can make a fortune with the small account...

 

[Morgan]

What did I do wrong? please tell me!!!!

First you should understand that trading is not mathematics. Don't try to find 100 percent wrong or right answer, there is no such a thing in trading. It is more about optimization and not clear answer

 

[Morgan]

a) In trading, certainty is achievable with the right formula.

b) Traders should optimize their trading for better results.

c) Understand that trading is not mathematics; it's more about optimization and lacks a clear right or wrong answer.

 

[Morgan]

Try to test first, or stick to the smaller lot size at the begining, if you don't have enough money on your account. Still the risk managemnet is the most important part of the profitable trading

The major reason why newbie traders don't make good results with robot or manual trading is because they think it is only wrong or right answer, and they are think that trading is like ATM machine, and that there are some secret formula...

 

[Morgan]

You are reading my mind: Trading isn't just about making money; it's about the journey, the challenges, and the pure joy of mastering the art of the market...so true

Trading Misconceptions

What misconception does the conclusion address regarding trading?

a) Every trade can be predicted with certainty.

b) Traders should always seek 100 percent accuracy.

c) Trading is a purely mathematical endeavor.

 

[Morgan]

I see many are using 200SL and TP.
Is it as effective to use lower SL and/or TP?
Or is the problem with lower that market movements trigger SL before TP hits?

Trading Misconceptions

What misconception does the conclusion address regarding trading?

a) Every trade can be predicted with certainty.

b) Traders should always seek 100 percent accuracy.

c) Trading is a purely mathematical endeavor.

 

[Morgan]

hi, please which broker you have account, because i tried this setting and made a backtest for the same period but i haven't got the same results.

Any regulated broker will do. My suggestion is to read some articles about forex trading, and about risk management and about traders mistakes....Some rules are the same for manual and for robot trading....So try to be self disciplined and don't let your greed ruin your account balance

 

[VuleV]

Aggressive settings with the conservative approach, as Emma mentioned , that is the major idea, but still you should be aware of maximum number trade, and lot size in correlation with your balance account....