Introduce Yourself

[scrappyjedi]

Hey Joe,

I see now that the times are tied to the charts themselves - I thought it needed to be defined on the EA's configuration settings. Thanks for that information.

I applied the EA to an H4 EUR/USD chart, but it doesn't seem to be executing trades. I made sure to tick the box on the Common tab for Allow Algo, and at the top of MT5 I toggled the button so that Algo trading is enabled. Is that all that's needed to kickstart the EA?

I have a few more questions:

• What I'm looking for now is how often can we expect the EA to react and make trades? Is it all based on the timing of the chart (i.e. D1, W1, H1, H4, etc) ?
• Can you elaborate on where to deny/prevent Short Selling? I don't see that anywhere and that is against my trading strategy so I want to make sure that's completely disallowed.
• Lastly, what are all of these other settings on the EA?

View attachment 3759

A "Magic Number" in the context of trading robots like Galileo FX refers to a unique identifier assigned to each expert advisor (EA) or trading strategy. This identifier helps to distinguish between multiple EAs or strategies running on the same trading account, allowing them to manage their trades independently.

Risk % if your not using lots would be portion of your account equity that you're willing to risk on a single trade or across all trades opened by the EA.

The "Max Orders" setting in an Expert Advisor (EA) like Galileo FX refers to the maximum number of open trades that the EA is allowed to have at any given time. This setting is crucial for managing risk and ensuring that the trading strategy does not over-leverage the account. Here’s a detailed explanation:

Indicators Configuration is just the title for the bullish/bearish signals section.

 

[Sanchay]

Hi,
Newbie here thanks to the supportive installation team I will keep in touch once I encountered any problems on my Fx Pro

Hey Brando,

Very warm welcome from the GalileoFX team, thanks for your feedback. Please post your doubts on the forum or our email (support@galileofx.com).
Thanks for the purchase, have a fruitful trading journey ahead.

 

[Joeboy]

In Forex trading, currency pairs are always quoted in a specific order. For the GBPUSD pair, the British Pound (GBP) is listed first, followed by the US Dollar (USD). This order is standardized and follows the convention where the more historically stable or major currency is placed first.

 

[Sanchay]

Hey Joe,

I see now that the times are tied to the charts themselves - I thought it needed to be defined on the EA's configuration settings. Thanks for that information.

I applied the EA to an H4 EUR/USD chart, but it doesn't seem to be executing trades. I made sure to tick the box on the Common tab for Allow Algo, and at the top of MT5 I toggled the button so that Algo trading is enabled. Is that all that's needed to kickstart the EA?

I have a few more questions:

• What I'm looking for now is how often can we expect the EA to react and make trades? Is it all based on the timing of the chart (i.e. D1, W1, H1, H4, etc) ?
• Can you elaborate on where to deny/prevent Short Selling? I don't see that anywhere and that is against my trading strategy so I want to make sure that's completely disallowed.
• Lastly, what are all of these other settings on the EA?

View attachment 3759

Hey Joe, Thanks for reaching out.

Please check out the following blogs/posts from GalileoFX Staff, to understand the working of GalileoFX and its settings.

• https://forum.galileofx.com/threads/galileo-fx-tutorial-how-to-install-use-the-trading-bot.49/
• https://store.galileofx.com/blogs/instructions/galileo-fx-settings

If you still have any doubts, please feel free to reach out to us at support@galileofx.com or post in the community in any one of the appropriate sections.

Have a wonderful and profitable trading journey with the EA and thanks for the purchase.

-Sanchay Kasturey

 

[AZ Rob]

Hello and good day all. Rob here from USA. New to Galileo and to trading in general. Looking forward to learning and sharing. Cheers.

 

[Joeboy]

Welcome to the community! If you have questions or concerns feel free to ask

 

[IYGal]

Hi guys, I am very pleased to become a member of your community!

My name is Inna. Not a Newby, but have lots of revision to do, LOL.
Used to trade intraday Forex but got too overwelled with the emotional aspect. Hope this robot is a great solution for my issue.
Just purchased the software and Premium settings for EUR/USD. Will get in touch shortly ref to installation . have a lovely day everyone.

 

[oktaleon]

Hello everyone my name is Steve just join this great community of dedicated people , but I'm newbi and don't know where to start and what setting to use, if anybody can share ?

 

[IYGal]

Hello everyone my name is Steve just join this great community of dedicated people , but I'm newbi and don't know where to start and what setting to use, if anybody can share ?

Hi Steve, good to meet you. there is another FORUM for setting discussion. please have a look there.

 

[Joeboy]

Hi folks,
the name is Paul, and live I in Australia, I signed up to Galileo Fx on the 17th July 2024. I have been trading FX (and other instruments) since about 2008 mostly as a retail trader.

I have been trialling the Galileo Fx software for the past month, using a live account with 0.01 lot sizes. I have nothing new or exciting to report at this time as I am still conducting my own investigations. I definitely am happy to share my learnings and will as I travel the journey.

I have attached a power point presentation (Forex 101, converted to a pdf for upload) that I wrote to assist family and friends who are new to the Forex market, hopefully some that are new to the Forex environment may find it useful in understanding some of the terminology (I have used the EURUSD currency pair for the example).

Feel free to use/abuse/share/criticize as you wish. It is written with an Australian 'flavour' as in there are references to ASIC which is our local securtities and investments commission and they dictate some of the Forex monetary requirements in Australia.

Keep your focus on the bits you can control (ie downside risk)..... and remember there are no 'losing trades' they are growing/learning opportunities and as such have a cost attached (my thoughts: free learning/education does not work as it has no value).

Enjoy the journey......!

Cheers,
Paul

1 Up for this! Thanks for sharing this great information!

 

[IYGal]

1 Up for this! Thanks for sharing this great information!

Hi Paul, thank you. Can you please advise where i can download the pdf file you have provided? Kind regards Inna

 

[Paul66]

Hi Paul, thank you. Can you please advise where i can download the pdf file you have provided? Kind regards Inna

Hi, You should see it as an attachment at the bottom of my post. If you cannot see it contact the Galilieo support

 

[Paul66]

1 Up for this! Thanks for sharing this great information!

Hi Joeboy, one of the members suggested that they cannot see the attachment to my post. Perhaps you can assist.
Thanks Paul66

 

[Joeboy]

Hi Joeboy, one of the members suggested that they cannot see the attachment to my post. Perhaps you can assist.
Thanks Paul66

 

[IYGal]

Thank you very much, received it now!

 

[Joeboy]

Thank you very much, received it now!

You're welcome, if you have any questions or concerns just post it and a lot of people will be willing to help.

 

[oktaleon]

Hi Steve, good to meet you. there is another FORUM for setting discussion. please have a look there.

What forum? Can you give a link for it?

 

[IYGal]

What forum? Can you give a link for it?

There are various forums on this community site.
To look at them you need to go to the 1st (home page) where they are listed or TOP, right corner of the site there is a tab Forums with an arrow down. When click on "Forums" it brings list on various ones. You will see the very first one Settings and Strategies.

 

[Goddess Caroline]

Hey there, Galileo FX Forum members! It's time to break the ice and get to know each other. Let's kick things off with a bang and introduce ourselves!

I'll start the ball rolling:

Name: Chris
Occupation: Customer Care Superstar at Galileo FX
I'm your trusty 'Mr. Fix-It'! Fueled by an unending supply of espresso, my mission is to ensure your Galileo FX robot runs smoother than a well-oiled machine. Together, let's make tech troubles a thing of the past and pave the way for flawless operations!

But enough about me! I want to hear all about YOU!

What brings you to the Galileo FX Forum? Are you a seasoned trader looking to optimize your strategy, or are you a fresh face eager to dive into the world of trading bots?

What markets do you enjoy trading? Forex, stocks, crypto, or maybe a mix of everything? Share your market expertise and insights with the community.

Tell us a fun fact or two about yourself! Do you have any secret trading rituals or a favorite lucky charm? We're all ears and ready to be entertained.'

Let's connect and build a vibrant community here in the Galileo FX Forum. Remember, we're all here to learn, share, and support each other on our trading journeys.

Oh, and a quick disclaimer: While we may be trading enthusiasts, we're not fortune tellers. So, no asking me for next week's winning lottery numbers, okay?

Now it's your turn! Introduce yourself in the comments below and let's get this party started!

Hey there, Galileo FX Community, I'm Goddess Caroline (yes, I think of myself as a Goddess, even if others don't lol). I've been a member for about a month now and I'm still struggling in the demo account and I'm hoping you can help me! lol

 

[Chris]

Hey there, Galileo FX Community, I'm Goddess Caroline (yes, I think of myself as a Goddess, even if others don't lol). I've been a member for about a month now and I'm still struggling in the demo account and I'm hoping you can help me! lol

Feel free to reach out to support@galileofx.com.
Always happy to help