Not Just Settings !! The Psychology Behind Winning with Galileo FX Starfall Scalping

[Eviantyus]

Profit is not just about profit. There’s always a process behind the numbers, especially when using Galileo FX with the Starfall Scalping strategy on EUR/USD.

Most traders only focus on the settings, but in reality, your mindset and psychology before hitting the button play a much bigger role.

If your starting point is greed, then no matter how good the EA is, the results won’t be optimal.
Here are 3 key mindsets I believe every trader should keep in mind when running Galileo FX:

1. Don’t Be Greedy
Remember: Take Profit, not Take Pictures!
Greed is the biggest enemy. Being grateful and consistent with smaller but steady gains will take you much further.


2. Respect Your Risk
Risk management is not just numbers on the screen it’s psychology too. Oversized lots create stress, too small lots create impatience. Find a balance that keeps both your risk and emotions under control.


3. Stay Patient
Don’t rush to change settings just because of one loss. Galileo FX should be evaluated based on a series of trades (the average results), not on a single trade outcome. Patience is often the hidden factor that separates consistent profits from frustration.


My Current Setup (Starfall Scalping on EUR/USD)

• Risk Level: Moderate
• Trading Style: Scalping
• Timeframe: M5 (5 min)
• Lot Size: 0.01 / 0.1 (depending on your preference)
• Take Profit (TP): 150–200 points
• Stop Loss (SL): 75 points
• Consecutive Bullish Signals: 4
• Consecutive Bearish Signals: 4

In short, Starfall Scalping is not only about settings it’s about mindset.
If you can control greed, respect your risk, and stay patient, you’ll let the EA do what it’s built for deliver consistent results !!

Happy Trading !!

Check out more Galileo FX settings here: https://store.galileofx.com/blogs/instructions/galileo-fx-settings

 

[Aymen Khriji]

Nice Risk management Eviantyus,

i really like these settings, it keeps your capital safe while catching moves​

Consider adjusting the consecutive bullish signals and bearish signals to 3 or even 2, at scalping if you're gonna wait for a 4 consecutive signals you might end up missing out some on winning trades

Good luck

​

 

[Chris]

Awesome post!
I agree, as long as you can keep monitoring and you don't let your emotions take the better of you, these types of settings in the current market conditions should do fine

Please keep us posted on hows it going!

 

[Eviantyus]

Nice Risk management Eviantyus,

i really like these settings, it keeps your capital safe while catching moves​

Consider adjusting the consecutive bullish signals and bearish signals to 3 or even 2, at scalping if you're gonna wait for a 4 consecutive signals you might end up missing out some on winning trades

Good luck

​

Wow, thank you so much for the insight Aymen !

I’ll definitely try that next time to maximize the winning trade opportunities

 

[Eviantyus]

Awesome post!
I agree, as long as you can keep monitoring and you don't let your emotions take the better of you, these types of settings in the current market conditions should do fine

Please keep us posted on hows it going!

Thanks a lot Chris !!

Yes, totally agree managing emotions is the key. I’ll keep you updated on how it goes

 

[The Common Sense Investor]

Nice Risk management Eviantyus,

i really like these settings, it keeps your capital safe while catching moves​

Consider adjusting the consecutive bullish signals and bearish signals to 3 or even 2, at scalping if you're gonna wait for a 4 consecutive signals you might end up missing out some on winning trades

Good luck

​

I humbly disagree. If you set your Consecutive Bullish and Bearish signals to a lower number like 1, 2, or 3, you will get what is called a "false signal". Your bot will buy to early and you will have to sit through a LOT of drawdown. Just my opinion.

 

[The Common Sense Investor]

View attachment 4652
View attachment 4653

Profit is not just about profit. There’s always a process behind the numbers, especially when using Galileo FX with the Starfall Scalping strategy on EUR/USD.

Most traders only focus on the settings, but in reality, your mindset and psychology before hitting the button play a much bigger role.

If your starting point is greed, then no matter how good the EA is, the results won’t be optimal.
Here are 3 key mindsets I believe every trader should keep in mind when running Galileo FX:

1. Don’t Be Greedy
Remember: Take Profit, not Take Pictures!
Greed is the biggest enemy. Being grateful and consistent with smaller but steady gains will take you much further.


2. Respect Your Risk
Risk management is not just numbers on the screen it’s psychology too. Oversized lots create stress, too small lots create impatience. Find a balance that keeps both your risk and emotions under control.


3. Stay Patient
Don’t rush to change settings just because of one loss. Galileo FX should be evaluated based on a series of trades (the average results), not on a single trade outcome. Patience is often the hidden factor that separates consistent profits from frustration.


My Current Setup (Starfall Scalping on EUR/USD)

• Risk Level: Moderate
• Trading Style: Scalping
• Timeframe: M5 (5 min)
• Lot Size: 0.01 / 0.1 (depending on your preference)
• Take Profit (TP): 150–200 points
• Stop Loss (SL): 75 points
• Consecutive Bullish Signals: 4
• Consecutive Bearish Signals: 4

In short, Starfall Scalping is not only about settings it’s about mindset.
If you can control greed, respect your risk, and stay patient, you’ll let the EA do what it’s built for deliver consistent results !!

Happy Trading !!

Check out more Galileo FX settings here: https://store.galileofx.com/blogs/instructions/galileo-fx-settings

Looking at the images you provided I notice several things. First your lot sizes: for the first three orders you used a lot size of 1 full Lot. And, I notice your profits were only $16 and $20. If you have one full lot size position then each pip = $1. Therefore, your first order went up 1.6 pips and the second and third order only went up 2 pips. Why did you break away from your "strategy" that says take profit at 15 to 20 pips (150 points to 200 points).
I would also add that from experience, if you SNEEZE the currency pair will fall into drawdown at LEAST 10 pips. So, you would get stopped out way more than taking profits.

It is my opinion those that discount drawdown (when the bot is wrong) are always going to be on the losing side of the trades.
Here are just a couple of MY rules....
1. Understand that drawdown can NOT be avoided. In these trying times, one world from President Trump could send your currency pair into a nose dive of 150 pips. I have seen this play out over and over since he took office. So, prepare for it. Make SURE you have enough Free Margin to cover at LEAST 100 pip drawdown (it happens sometimes at least once a week.
2. Have an "average down" strategy in place in case of a big drawdown move. It's always better to have a plan and not need to use it then to need it and feel lost when the currency pair goes against you.
3. Use the correct settings. Using the correct settings is very important. Buy to soon and you may sit through massive drawdown. And, having your settings to high and you will miss out on a lot of plays. It is my suggestion to all new bot traders to learn to use the Strategy Tester. Galileo provides pages of "Premium Settings". But, you have to know which direction the trend is and how strong it is to determine which Premium Settings are in play right now.

If you would like to learn more about how Galileo FX trading bot works then you should check out this short video lesson (under 4 minutes).

The Common Sense Investor
CSI

 

[Eviantyus]

Looking at the images you provided I notice several things. First your lot sizes: for the first three orders you used a lot size of 1 full Lot. And, I notice your profits were only $16 and $20. If you have one full lot size position then each pip = $1. Therefore, your first order went up 1.6 pips and the second and third order only went up 2 pips. Why did you break away from your "strategy" that says take profit at 15 to 20 pips (150 points to 200 points).
I would also add that from experience, if you SNEEZE the currency pair will fall into drawdown at LEAST 10 pips. So, you would get stopped out way more than taking profits.

It is my opinion those that discount drawdown (when the bot is wrong) are always going to be on the losing side of the trades.
Here are just a couple of MY rules....
1. Understand that drawdown can NOT be avoided. In these trying times, one world from President Trump could send your currency pair into a nose dive of 150 pips. I have seen this play out over and over since he took office. So, prepare for it. Make SURE you have enough Free Margin to cover at LEAST 100 pip drawdown (it happens sometimes at least once a week.
2. Have an "average down" strategy in place in case of a big drawdown move. It's always better to have a plan and not need to use it then to need it and feel lost when the currency pair goes against you.
3. Use the correct settings. Using the correct settings is very important. Buy to soon and you may sit through massive drawdown. And, having your settings to high and you will miss out on a lot of plays. It is my suggestion to all new bot traders to learn to use the Strategy Tester. Galileo provides pages of "Premium Settings". But, you have to know which direction the trend is and how strong it is to determine which Premium Settings are in play right now.

If you would like to learn more about how Galileo FX trading bot works then you should check out this short video lesson (under 4 minutes).

The Common Sense Investor
CSI

Thanks a lot for pointing this out and sharing your experience !!

Your notes on drawdown and the importance of proper margin + average down strategy make a lot of sense. I’ll definitely take this into account and spend more time testing different settings with the Strategy Tester. Really appreciate the guidance! And of course, the settings can always be adjusted to fit each trader’s own preferences, so it feels more comfortable in the trading process.

 

[Aymen Khriji]

I humbly disagree. If you set your Consecutive Bullish and Bearish signals to a lower number like 1, 2, or 3, you will get what is called a "false signal". Your bot will buy to early and you will have to sit through a LOT of drawdown. Just my opinion.

lowering both consecutive bullish and beraish signals with max orders at 4-5 will allow your bot to pick both sides buy and sell (risking 0.1% to 0.5% only )
i don't know how the algorithm exactly works but the loss that comes from one direction (eg buy) will be reduced by the opposite direction (eg sell)
so the outcome will be either a win, a BE, or small loss
that's what i saw yesterday observing the bot
you can check the results on my thread here, and tell me what you think !
i would like to have your opinion
Thanks buddy !

 

[Aymen Khriji]

Here's what i mean form live markets