Presets That Work

[Caren_N]

Hey everyone,

I’ve been experimenting with Galileo FX for about a month now, starting with a demo account and recently moving to my first live trade last week. So far, I’ve seen good results, especially with USDCAD, AUDUSD, and EURUSD pairs. For most of my trades, I’ve been using the presets available on the official GFX presets page, except for EURUSD, where I customized my settings based on recommendations for handling consecutive bearish and bullish signals across conservative, moderate, and aggressive setups.

As a first-time trader, I’ve been relying heavily on this community and experimenting (mainly in the demo account) to figure out which settings work best for me. Here are the settings I’m currently using:

1. AUDUSD: Meteor Momentum Maneuver (found on the performance page)
2. USDCAD: USDCAD Swing m15 (got this from @Sanchay’s thread, “Updated Winning Settings”)

If you're trying out any new settings, I highly recommend testing them on a demo account first and doing thorough back and forward testing before using them in a live account.

I’m still experimenting with different settings, but I’d love to hear from you! What pairs and settings have been working well for you?

 

[Joeboy]

Thank you for sharing this with us

 

[Noah2013]

I'm still trying to learn how to do backtesting. How in the world do you do "forward testing"?

 

[Rologabam]

Hey everyone,

I’ve been experimenting with Galileo FX for about a month now, starting with a demo account and recently moving to my first live trade last week. So far, I’ve seen good results, especially with USDCAD, AUDUSD, and EURUSD pairs. For most of my trades, I’ve been using the presets available on the official GFX presets page, except for EURUSD, where I customized my settings based on recommendations for handling consecutive bearish and bullish signals across conservative, moderate, and aggressive setups.

As a first-time trader, I’ve been relying heavily on this community and experimenting (mainly in the demo account) to figure out which settings work best for me. Here are the settings I’m currently using:

1. AUDUSD: Meteor Momentum Maneuver (found on the performance page)
2. USDCAD: USDCAD Swing m15 (got this from @Sanchay’s thread, “Updated Winning Settings”)

If you're trying out any new settings, I highly recommend testing them on a demo account first and doing thorough back and forward testing before using them in a live account.

I’m still experimenting with different settings, but I’d love to hear from you! What pairs and settings have been working well for you?

Hey guys,

Having made some losses with Galileo FX Pro here are some settings that I'm now using. Because I'm working each day I need performance that is pretty much 'fit and forget' with just one course correction if necessary each day.

BULLISH AND BEARISH
To me the most confusing element were the 'Bullish' and 'Bearish' settings. For me the best settings are 8 and 3. Basically for 'hands free' operation you need to appreciate that the larger figure (8) is the direction that you see the market going and where trades will predominate while the smaller figure (3) is the trade placed less often. Each evening I look at the current trend and if it is going up I select 8 for bullish and 3 for bearish. If it is going down the I select 3 for bullish and 8 for bearish.

FX PAIRS
I run with four trades - GBUSD, EURUSD, USDJPY and USDCHF - all of the time. I use a Risk in % of 0.5 and a Max Orders of 5. I set the stop loss to 0 and a take profit in points of 50 which is a low setting I know but I make use of my own SOURCE NUMBER (see below) to determine Lot Size which of course is based on the money that you have to invest.

SOURCE NUMBER
The most important factor to consider is the lot size you commit to as you need to maintain a positive Free Margin when trading (I use MP5). If your Free Margin goes negative then your broker can foreclose as I found to my cost. So here is the source number I'm using:
0.0000375
What this source number tells me is the safety margin for LOT SIZES with 5 trades in four concurrent FX pairs noted above.
So if you have $500 to invest your lot size with the above settings will be 500 * 0.0000375 = 0.01875. So you would choose a Lot Size of 0.02 to be safe.
Likewise, if you would like a safe margin for a Lot Size of 1.0 you will need to wait until your money available for trading is 1.0/.000375 = $26,666 or thereabouts.

I hope this helps.

 

[Caren_N]

I'm still trying to learn how to do backtesting. How in the world do you do "forward testing"?

Hi @Noah2013. I'm sorry I didn't respond sooner. I was ill and couldn't dedicate time to watching the bot's performance, how are you doing in your trading journey? I meant live trading on a demo account where I don't risk real money