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Help Needed with Profitable Settings for Galileo FX Personal on a $1,000 Balance – Newbie to Forex Trading

ljbanii

New member
Hi everyone,

I hope you're all doing well! I’m new to forex trading and just getting started with the Galileo FX Personal Expert Advisor. I have very little experience in trading, so I'm reaching out for help from the community.

I’m working with a balance of US $1,000, and I’m trying to figure out the best profitable settings that would suit my account size while minimizing risk. I’m particularly interested in the following parameters:

  • Lot Size: Should I use dynamic lots or a fixed lot size?
  • Risk Percentage: What percentage would you recommend I risk per trade to maintain a good balance between risk and reward?
  • Max Orders: How many open trades should I allow at one time?
  • Stop Loss & Take Profit: Any advice on the ideal SL and TP points to stay on the safer side?
  • Trailing Stop: Should I enable a trailing stop, and if so, what would be a good setting for the Trailing Start (in points) and Trailing Step (in points)??
  • Consecutive Bullish/Bearish Signals: How many consecutive signals would be best to ensure reliable entry points?
I’m also using the H1 timeframe at the moment, but I’m open to suggestions on whether this is the best choice.

If anyone here has experience with the Galileo FX and could offer advice or share their profitable settings for a similar account size, I’d be really grateful! I want to make sure I’m setting myself up for long-term success while keeping my risk low.

Thanks so much for your help in advance!

Best regards,
ljbanii
 
Hi, i've been trading for a while on and off but i'm new to this bot. From what i see all these settings are available on the performance page where you have a choice of aggressive, moderate or low risk, or day or swing trading to suit your own style. Each style of trading has a name like Comet Chase or Star Fall Scalping and different settings to match.
Make sure you start with a demo account . I've not been here long and i'm still experimenting with settings. One thing with this bot is it has selectable Bullish and Bearish settings. The lower the number, the more trades it takes, but don't go too low.
Hope this helps,
Phil
 
hello everyone can any give me preset for small account value of 500 usd for best result on any pair .than you
I'm new, but I found this post helpful:

Optimizing the Galileo FX bot for better profitability - A systematic approach​

To summarize, know what the bot is doing and then critically think about how you can leverage its capability by using the settings. Personally, my next step is learning how to back and forward test.
 
I'm getting a bit dispondent now. I've tried all sorts of settings from the performance page and my accounts are still slowly going down. I'm still on demo as i cant afford to loose any money right now. Any good settings from anyone?
Phil
Hi Phil, any luck finding anything that works? Seems like a good marketing machine with poor results for me so far as well!
 
I'm new, but I found this post helpful:

Optimizing the Galileo FX bot for better profitability - A systematic approach​

To summarize, know what the bot is doing and then critically think about how you can leverage its capability by using the settings. Personally, my next step is learning how to back and forward test.
I’m struggling to find information on what the presets are designed to do. When you say “know what the bot is doing”, could you please elaborate on how you find this information for the presets? Thanks!
 
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