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:
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
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?
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