Setting Max Orders in setup window

[ALNZ]

I currently have MX Orders set to 0, if I change that to say 5 I assume the EA will take up to 5 orders if the conditions continue as per the continuous signal settings ie; setting set to 5 bullish and 5 bearish, if there there are 5 bearish signals the EA will take 1 long trade and if the bearish signals continue to 6, 7, 8, 9, I will have 5 long trades. If these trades hit the SL or the TP will the EA then continue with the original setting or does the EA turn off and not trade again until I reload it on to the chart?

Cheers for your assistance here.

BTW I purchased Galileo last week and have manged to blow 2 x USD2,000 accounts. Please they were only paper accounts

Alan (ALNZ)

 

[Ronald]

Hi Alan,

Galileo FX will continue using the settings (e.g. Max order 5). It will continue to open new orders based on that max order value.

 

[ALNZ]

Hi Alan,

Galileo FX will continue using the settings (e.g. Max order 5). It will continue to open new orders based on that max order value.

Thanks for the info, Cheers

 

[ALNZ]

I also use the trailing stop set to 100 points (10 PIPS) then trail at 1 point intervals.
Assume I have a SL set to 200 points (20 PIPS), the EA will start trailing from the 200SL, am I correct? If so, is there a way that I can set a break even at say 100 points even trail by 1 point intervals

 

[Ronald]

Hi Alan,

Good question. Please check the thread below regarding this:

https://galileofx.community.forum/threads/trailing-step.35/#post-304

 

[$tuart]

Hi Ya'all. So frustration abounds. I set my max orders to 2 on USDJPY. It went against the trend and ended up buying five lots (with the lots setting at 0.1) on five separate purchases, chasing the pattern. It stopped there and ran my 200 SL up from the amount of the last purchase to 0.007 below the high. This literally sold at the top. (They were sell orders) . This put the SL at 0.269 points away from the first purchase. How can I fix this bleeding issue? This is on a demo account.

 

[MARKC]

Hi Ya'all. So frustration abounds. I set my max orders to 2 on USDJPY. It went against the trend and ended up buying five lots (with the lots setting at 0.1) on five separate purchases, chasing the pattern. It stopped there and ran my 200 SL up from the amount of the last purchase to 0.007 below the high. This literally sold at the top. (They were sell orders) . This put the SL at 0.269 points away from the first purchase. How can I fix this bleeding issue? This is on a demo account.

Hi Stuart,

Since this is on a demo account, it’s actually a good opportunity to observe how the strategy behaves in different market conditions. What likely happened is that the market was trending strongly, and the bot continued opening positions based on the signals it was receiving. When the market moves aggressively in one direction, this can sometimes cause multiple entries before the trend reverses.

To reduce this, you may want to lower the Max Orders, reduce the lot size, or increase the confirmation signals so the bot becomes more selective before entering trades. You can also try a slightly higher timeframe like M15 or H1, which usually filters out some of the noise and prevents rapid entries.

Since you’re already testing on demo, I recommend adjusting one parameter at a time and observing how the behavior changes over a few trading sessions. That way you can find a balance that fits your risk tolerance.