Using Galileo FX for Stock Trading - My Broker Change from OANDA to Just2Trade

[Fritzvanderlaar]

For trading stocks and shares I had to change brokers. At OANDA the stock-data was incomplete for using Galileo FX on stocks.
Meanwhile at Just2Trade my demo-version is running smoothly in MT5 and Galileo FX is showing all its strength. Although a lot of study was needed.
Galileo FX is (in my view) first of all a Forex-robot and much of the explaining of Galileo FX is Forex-minded.
Trading stocks asks for a lot of understanding and adjustments, but it works now. Hoping to start real trading soon...

 

[Joeboy]

Can you share your settings and what stocks you are trading using Galileo FX on Just2Trade?

 

[Fritzvanderlaar]

Important is to establish how much money you are willing to invest in let's say NVIDIA (NVDA). Then you must realise how much money you are prepared to loose max. In dollars. On the DEMO-account on Just2Trade, Galileo FX bought 50 shares for 7,300 dollar. Shares were bought at a price of 7,000/50 = 146 dollar. If you are prepared to take a loss of 150 dollar max, your STOP LOSS should be 150/7300 x 146(price) x 100 = 300 points. When the trade comes to a price of 143, the trade closes. Start Trailing in the tester a 1.25% raise of the stockprise gives good results: 146 x 100 x 1.25% = 183 points. Doubling this makes a fair Trailing Step: 183 x 2 = 366 points. A good profit would be nice, I set on 20% , tight Stop Loss and Trailing Step already cover my profit . When 1.25% is 183 points, 20% is 2934 point for Take Profit. Signals are to ones liking (are you cautious or adventurous) and the kind of stock you are trading (stable or moving fast up and down). Going life next week..

 

[Fritzvanderlaar]

Corrections:
-"Shares were bought at a price of 7,300/50 = 146 dollar."
-"Going live next week.."

 

[PeterLuna]

Corrections:
-"Shares were bought at a price of 7,300/50 = 146 dollar."
-"Going live next week.."

Message me when you go live or if you have a YouTube channel

 

[Fritzvanderlaar]

Message me when you go live or if you have a YouTube channel

Went live (have no YouTube-channel) with small results: starting cautiously. Shifting a bit in the stocks now, as some of them I've chosen, the volatility is pretty low.
No use to have them trading by a robot. Calculating the points is a thing: they may differ per stock (0.01 to even 0.0001). So attention to that. Bullish and Bearish Signals is another matter. A lot has been written about it. In my view the best way is to try them in the tester and look for the result you like.

 

[PeterLuna]

Went live (have no YouTube-channel) with small results: starting cautiously. Shifting a bit in the stocks now, as some of them I've chosen, the volatility is pretty low.
No use to have them trading by a robot. Calculating the points is a thing: they may differ per stock (0.01 to even 0.0001). So attention to that. Bullish and Bearish Signals is another matter. A lot has been written about it. In my view the best way is to try them in the tester and look for the result you like.

 

[Fritzvanderlaar]

No videos here. Backtesting stocks/shares which I trade, is easy and no problem.
For stocks/shares (forex-,CFD-trader) Ox Securities is no option for me. What are you trading?