strategy

[sukhpreet82]

Hi, I had bought the galileo bot over a year ago, and had no idea how to use it. right now, I am testing it in meta trader 5. i am seeing some good consistent results with eur/usd.
Does anyone have a good strategy going and would like to share. I would appreciate it. I am using the 15 min time frame . My parameters are 300 stop loss, 1000 take profit, but I did change trailing steps in point to 100. can someone share the parameters that are working best for them.

 

[tdgarber]

These are interesting settings. Wish there was a more dynamic discussion on this topic in the Community.

I found the best way to get GFX to make money is to take a bit of risk and set SL to 0 and TP over 220. In downward trends I see a lot of buying and when the highest cost lot hits SL everything sells. With SL at 0 you have to watch so that you don't accidentally sell when the lowest hits the TP at a level below the mean price paid. You can adjust the take profit in this case to a level where you don't lose money.

I'm going to back test you SL/TP numbers. I've never gone that high. I would love to see more discussion about what works and doesn't.