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Profitable Settings and Backtesting?

papercuts

papercuts

New member
I bought pro, got it all setup and running, and imported setting and was doing tests... it looks like no setting in any configuration are profitable. I am wondering how this is possible. I am under the assumption this can be hands free for non-aggressive folks but all of my settings tester results just show consistent draw down with any options i throw at it. I feel like I am missing something. I've run through al the docs and forums here, and even with pro settings and settings posted by others it doesn't show profitability.

What am i missing? Here's what i did.

  1. Load Galileofx
  2. load preferred chart EURUSD
  3. load premium settings
  4. adjust lots to fit my account size
  5. Set chart time (would like to use m15 or m30)
  6. Activate Gfx
  7. Use Expert advisor tester (MT4) with a given timeframe (looking from jan01 2023 till now)
  8. Review report.

Is this process correct? Beccause every possible config is causing a slow bleed. I must be missing something.
 
No and it’s wild nobody is helping. This isn’t rocket science, it’s a simple bot with almost no configuration. The best I can do is wait for v2 and hope it actually works as expected. I’d be 100% fine with small gains too, but it literally opposite trades until account hits 0. All official advice has just been, look at the same 5 bits of documentation.

So I am not even using it. Waiting for v2, working on converting my own from pine and learning mt4. My own is 85-94% profitable, cuts trades quickly and does a lot of waiting. Not a huge money maker, but account will grow with it.
 
papercuts said:
No and it’s wild nobody is helping. This isn’t rocket science, it’s a simple bot with almost no configuration. The best I can do is wait for v2 and hope it actually works as expected. I’d be 100% fine with small gains too, but it literally opposite trades until account hits 0. All official advice has just been, look at the same 5 bits of documentation.

So I am not even using it. Waiting for v2, working on converting my own from pine and learning mt4. My own is 85-94% profitable, cuts trades quickly and does a lot of waiting. Not a huge money maker, but account will grow with it.
Click to expand...

Hi Joel,

I understand your concern. Since you are already using premium settings, please reach out to our Support Team for assistance.

Below are the ways to reach them:
 
papercuts said:
No and it’s wild nobody is helping. This isn’t rocket science, it’s a simple bot with almost no configuration. The best I can do is wait for v2 and hope it actually works as expected. I’d be 100% fine with small gains too, but it literally opposite trades until account hits 0. All official advice has just been, look at the same 5 bits of documentation.

So I am not even using it. Waiting for v2, working on converting my own from pine and learning mt4. My own is 85-94% profitable, cuts trades quickly and does a lot of waiting. Not a huge money maker, but account will grow with it.
Click to expand...
Every broker has its own historical data. It's important that you choose one that has low spreads and fast execution because I've tested same pairs, same .set files with diferent brokers and the results aren't the same. With this in mind here you have my .set files. I´m assuming you know how to optimize any strategy. Please tell me your results and broker's name and spreads used. Best regards.
 

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Vinitrader said:
Every broker has its own historical data. It's important that you choose one that has low spreads and fast execution because I've tested same pairs, same .set files with diferent brokers and the results aren't the same. With this in mind here you have my .set files. I´m assuming you know how to optimize any strategy. Please tell me your results and broker's name and spreads used. Best regards.
Click to expand...
Great results! Love the idea of trailing stop, but did not use it yet.
 
Updating.......
Market was a "little slow" in past days waiting for Non-Farm Payrolls news (NFP). Nevertheless the account grew by $1,727.98 from 2023-10-04 to 2023-10-06
So far, so good...
 

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papercuts said:
No and it’s wild nobody is helping. This isn’t rocket science, it’s a simple bot with almost no configuration. The best I can do is wait for v2 and hope it actually works as expected. I’d be 100% fine with small gains too, but it literally opposite trades until account hits 0. All official advice has just been, look at the same 5 bits of documentation.

So I am not even using it. Waiting for v2, working on converting my own from pine and learning mt4. My own is 85-94% profitable, cuts trades quickly and does a lot of waiting. Not a huge money maker, but account will grow with it.
Click to expand...

I got an email that someone replied with a like experience on another thread (below) and that thread is no longer available. Are they hiding something?

Bot going against the trend​

hassan123 said:
I have backtested bot on demo before going to real account. It was green flag on demo when I decided to move to live account. Since I moved to live account bot been fighting against the trend. When it’s buy bot sells and when it’s sell bot buys. I don’t know what’s wrong with it and blew my two $100 account. I’m pretty disappointed at this point.

I AM WITH YOU ON THIS, MOST OF US BOUGHT IT BECAUSE OF ITS ADVERTISED RESULTS, BUT NOW IT TURNS OUT WE NEED TO SUPERVISE IT TOO! I WANT MY MONEY BACK! I AM ON DEMO BUT I AM NOT IMPRESSED WHATSOEVER.
 
TommyJW said:
I got an email that someone replied with a like experience on another thread (below) and that thread is no longer available. Are they hiding something?

Bot going against the trend​

hassan123 said:
I have backtested bot on demo before going to real account. It was green flag on demo when I decided to move to live account. Since I moved to live account bot been fighting against the trend. When it’s buy bot sells and when it’s sell bot buys. I don’t know what’s wrong with it and blew my two $100 account. I’m pretty disappointed at this point.

I AM WITH YOU ON THIS, MOST OF US BOUGHT IT BECAUSE OF ITS ADVERTISED RESULTS, BUT NOW IT TURNS OUT WE NEED TO SUPERVISE IT TOO! I WANT MY MONEY BACK! I AM ON DEMO BUT I AM NOT IMPRESSED WHATSOEV
Click to expand...


me too, i was expecting an automated bot no human intervention. it was profitable if you can figure it to your self the right settings but when the trend reverses then your set up wont be effective anymore. that means you should always monitor the trend. im hoping if they will release the v2 or v3, it will be fully automated that the bot will have an update regarding the trend and monitor the market movement. i hope thier will be a major update on this. currently i stop trading with the bot for now and wait if there's will be a major major update .
 
deltaga73 said:
are you trading live
Click to expand...
Not yet with this Galileo FX but YES with other, as expensive as this. It works the same against the trend and it took me also one year to fine tune it. I won't reveal its name for respect to this forum but Galileo FX has shown +95% won trades and the other just 65%. So I'm going to try it. If it works on real, good otherwise another "salvo gun" (too much noise but nothing real) :D
 

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To my understanding and after studying GalFX ups & downs, I leave here these exercises, as a graphical manual if you want. Love to everyone.
 

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Updating..... "Set-it-n-forget-it settings" So far so good !!! 37.59 % floating. I'm going to wait to reach 39% and start making adjustments.
 

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Hello,




I understand the printscreens and the values of BULL and BEAR, but in reality, it is the opposite of what instructions say it is




GALFX instructions - The lowest the BULL value is, the biggest is the chance to open a BUY position

GALFX instructions - The lowest the BEAR value is, the biggest is the chance to open a SELL position



This is exactly the opposite of what you are showing, so...


How can you demonstrate the exact opposite of what instructions say? I am not sure what to do..follow what you say or follow the instructions
Is there another view for this?

Thanks

Daniel
 

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