Profitable Settings and Backtesting?

[Daniel Portugal]

With the amount we paid for the pro version, i expected the presets provided to be the calibrated numbers.

Well i do understand what you say...but the future belongs to someone else...bot us eheheh. Still would be a nice idea for example the BULL/BEAR values be regulated by TRIX ou MA 200 or HMA 200 or something like that. Does not seem like a difficult thing to program and would one unvaluable addition to this like an option

It would still not be a fire and forget, but would be far easier not to be concerned

 

[Alex Trader]

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.

You should have in mind as well that during the night hours, I mean European night hours, the spread has a tendency to widen up, so even if you have a good broker, if you leave Galileo on duing the night your spread could be different and results could be less profitable

 

[Alex Trader]

So, simulated EURCHF from 27/09 to 12/10
It is clearly a downs trend

tested the best configurations possible and the conclusion was

View attachment 1709

For this graph we can see that is not 100% down trend but in average it is mostly down trend


Conclusion was for the same amount of lots without SL or TP:

Best Consecutive BULL Signals were 0,1,2,4
Best consecutive BEAR Signals were 5,7,4,11

Best of the best - BULL=0 and BEAR= 5
This goes against the logic of the GALFX manual.

So, If you want good Profil the logic is reversed.

So, if the TREND is BEAR, the consecutive BEAR signals should be bigger that the BULL signals
I will send one graph with more consistency in terms of trend, but this should be easy to evaluate

Trend is different on the different time frames, so it is not easy to define the right trend. It is easy when it is finished and when you look in the history from the perspective of now.....

 

[Emma]

Trend is different on the different time frames, so it is not easy to define the right trend. It is easy when it is finished and when you look in the history from the perspective of now.....

Exactly Alex! What I think it is best to follow Galileo a bit and sometimes to close manually if you have experience in trading. If you are a newbie then the best idea is to stick to a small lot size and to trade on European hours during the day. The major problem still remains the same, it is in the head of a newbie to make quickly big profit

 

[Emma]

My results, now almost every time the same settings 3,3 bullish bearish, 200 sl 200tp, time frame m5 and m15
View attachment 1786

VuleV this is very good approach in my opinion. I hope that you stick with my advice and make some nice profit, with conservative approach

 

[Daniel Portugal]

You should have in mind as well that during the night hours, I mean European night hours, the spread has a tendency to widen up, so even if you have a good broker, if you leave Galileo on duing the night your spread could be different and results could be less profitable

Curiosity: trading at night hours (Europe time) has the lowest risk of all...

Tested several times and the result is consistent. For example
November and December is usually Commodities time...you can see gold reaching 2070 now...and other trades can be profitable ..
testing for example 6bull-2bear with lot 0.01 or M5 in gold, oil, silver, dj30, nas100 (indexes as well)...you get about 200€ per night in auto pilot in the last days

At day /Europe time GMT+0)...you can leave the same but in M15 (less risky) and you will get very small profit
All this with a 500€ account (risky low amount to leave in auto-pilot)

Dont just copy this idea...test it first please. what happens in the past does not assure to be the same in the future

 

[Daniel Portugal]

Trend is different on the different time frames, so it is not easy to define the right trend. It is easy when it is finished and when you look in the history from the perspective of now.....

Correct. tu use with Galileu..i use MA200, MA 100 and HMA 200. Usually provides a good reading.
Use them on M5 and M15 and a reading like this means that i will place about 6Bull 2Bear with.
I am not saying it will work 100% of the time, specially on day of important news, but at least you have one idea of what is the major trend.

To be carefull, go to calendar and search for the red (important) news. If that day has red news in USA, Europe or China, just be a lot more conservative if you plan to let it on auto-pilot

 

[VuleV]

VuleV this is very good approach in my opinion. I hope that you stick with my advice and make some nice profit, with conservative approach

Thank you very much Emma, your advice were so helpful. Your experience and knowledge is a huge resource. Sometimes I struggle with my greed yet, but lately I have very good results.

 

[VuleV]

Correct. tu use with Galileu..i use MA200, MA 100 and HMA 200. Usually provides a good reading.
Use them on M5 and M15 and a reading like this means that i will place about 6Bull 2Bear with.
I am not saying it will work 100% of the time, specially on day of important news, but at least you have one idea of what is the major trend.

To be carefull, go to calendar and search for the red (important) news. If that day has red news in USA, Europe or China, just be a lot more conservative if you plan to let it on auto-pilot

View attachment 2145

To identify the trend I am using EMA10 EMA 30 EMA 50 and EMA 100, especially for a smaller time frames works very good. Do you trade here only long and only short or what?

 

[VuleV]

Exactly Alex! What I think it is best to follow Galileo a bit and sometimes to close manually if you have experience in trading. If you are a newbie then the best idea is to stick to a small lot size and to trade on European hours during the day. The major problem still remains the same, it is in the head of a newbie to make quickly big profit

Yes, Emma, but it's still so dificult to manage the greed. When I see one day 580 usd profit in less than one hour, and then I should stick to the small profit like 30 usd , regarding my account balance and optimal risk management. So that is the question how to not wish for more

 

[Emma]

Yes, Emma, but it's still so dificult to manage the greed. When I see one day 580 usd profit in less than one hour, and then I should stick to the small profit like 30 usd , regarding my account balance and optimal risk management. So that is the question how to not wish for more

VuleV , just stick to my advice and ride the profit:

 

[Emma]

Correct. tu use with Galileu..i use MA200, MA 100 and HMA 200. Usually provides a good reading.
Use them on M5 and M15 and a reading like this means that i will place about 6Bull 2Bear with.
I am not saying it will work 100% of the time, specially on day of important news, but at least you have one idea of what is the major trend.

To be carefull, go to calendar and search for the red (important) news. If that day has red news in USA, Europe or China, just be a lot more conservative if you plan to let it on auto-pilot

View attachment 2145

I like to keep it simple as well, regrading the trend identification. But still I don't understand why do you need trend if you trade both long and short. The point is that we don't know what is the secret strategy and secret magic behind the robot, I would love to know that, but we don't know it. That is the reason why I will never trust 100 percent to any robot, even though I have amazing results. The point is took profit and go home, ofcourse I will not use robot for all my life, I am here to get some money and thats it....

 

[Daniel Portugal]

To identify the trend I am using EMA10 EMA 30 EMA 50 and EMA 100, especially for a smaller time frames works very good. Do you trade here only long and only short or what?

Well, my approach is different.
I choose a few products. GOLD, OIL, US30, NAS100 and one or other forex. and that is all.
All moves on cycles, usualy about a month or so. So i go with the flow. If trend is up..buy, if trend i down i sell..if trend is not defined...i move to other product that are trending.

Recommend Adding to the indicators the HMA 100...works well on those conditions. There is a good one - HMA with alerts in MT5- it is free and you get a push warning on phone when trend changes HMA Hull media average- it is more sensitive than MA and that is why i also use it on lower frames

 

[VuleV]

Well, my approach is different.
I choose a few products. GOLD, OIL, US30, NAS100 and one or other forex. and that is all.
All moves on cycles, usualy about a month or so. So i go with the flow. If trend is up..buy, if trend i down i sell..if trend is not defined...i move to other product that are trending.

Recommend Adding to the indicators the HMA 100...works well on those conditions. There is a good one - HMA with alerts in MT5- it is free and you get a push warning on phone when trend changes HMA Hull media average- it is more sensitive than MA and that is why i also use it on lower frames

Intersting approach, and can you please share with us Gold setup, and did you manage to make money with gold, and do you have some conclusion regarding the time frames....

 

[Daniel Portugal]

Intersting approach, and can you please share with us Gold setup, and did you manage to make money with gold, and do you have some conclusion regarding the time frames....

Well, yes, you can have profits with gold. If you use BULL 6 BEAR 2 or vice versa depending on the trend, you might get some good results.
You can use M5 or M15. I do not put SL or trailing, only TP at for example 250 or 300. only use 0.01 lots for my account that is small.
I prefer to control the SL manually and that implies that i look at the graph from time to time. Best time to trade gold as strange as it is, is at night ( GMT0) because there is not much risk and the trend usually does not shift.

Earned sometimes 100$ at night without any intervention but depends on the market.

Again, try first one DEMO account for a week and take your considerations

You might like those indicators...they are free and could help you out with the trend and the final conclusion about profits

 

[angelboys]

Hi guys
I am a newbie to both Forex and Galileo. I've been reading a lot of your posts here and trying different things fro all the great advice you give. The three things that have helped me the most (for other newbies like me) are:
- The weekly posts from @Vinz on previous week's best settings for Galileo.
- The insights from @Daniel Portugal on how reversing the settings in Galileo often works well.
- Combining both of the above with some excellent training 1:1 from @Emma, who gave me a new ability to find and react to trend.
I am still taking things slowly, only really able to trade an hour or so a day, but am finding it all beginning to work. I'd recommend all of the above three to any newbie like me looking to make progress with Galileo and Forex together.

 

[Emma]

Hi guys
I am a newbie to both Forex and Galileo. I've been reading a lot of your posts here and trying different things fro all the great advice you give. The three things that have helped me the most (for other newbies like me) are:
- The weekly posts from @Vinz on previous week's best settings for Galileo.
- The insights from @Daniel Portugal on how reversing the settings in Galileo often works well.
- Combining both of the above with some excellent training 1:1 from @Emma, who gave me a new ability to find and react to trend.
I am still taking things slowly, only really able to trade an hour or so a day, but am finding it all beginning to work. I'd recommend all of the above three to any newbie like me looking to make progress with Galileo and Forex together.

Thank you so much!

 

[Daniel Portugal]

Hi guys
I am a newbie to both Forex and Galileo. I've been reading a lot of your posts here and trying different things fro all the great advice you give. The three things that have helped me the most (for other newbies like me) are:
- The weekly posts from @Vinz on previous week's best settings for Galileo.
- The insights from @Daniel Portugal on how reversing the settings in Galileo often works well.
- Combining both of the above with some excellent training 1:1 from @Emma, who gave me a new ability to find and react to trend.
I am still taking things slowly, only really able to trade an hour or so a day, but am finding it all beginning to work. I'd recommend all of the above three to any newbie like me looking to make progress with Galileo and Forex together.

Thanks ..glad i could help you on the journey

 

[Daniel Portugal]

Hi guys
I am a newbie to both Forex and Galileo. I've been reading a lot of your posts here and trying different things fro all the great advice you give. The three things that have helped me the most (for other newbies like me) are:
- The weekly posts from @Vinz on previous week's best settings for Galileo.
- The insights from @Daniel Portugal on how reversing the settings in Galileo often works well.
- Combining both of the above with some excellent training 1:1 from @Emma, who gave me a new ability to find and react to trend.
I am still taking things slowly, only really able to trade an hour or so a day, but am finding it all beginning to work. I'd recommend all of the above three to any newbie like me looking to make progress with Galileo and Forex together.

Please share what you have learned so that others could benefit You might be 100% correct or 100% wrong but to share experiences is 100% useful and give a broader horizon for all

 

[mjkidd27]

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

Question: What timeframe are you using to determine your trend to dictate which setting you use on your trading timeframe?