It's important to remember that the profitability of robot trading can vary widely. Some traders have achieved success with automated systems, while others have experienced losses. Additionally, the effectiveness of any specific robot trading system, like the Galileo robot, is subject to change and should be evaluated in the context of the current market conditions and the strategy's performance over time.
Who is making consistent profits?
- Thread starter James_808
- Start date
SL? TP? Timeframe? Thanks!
SL? TP? Timeframe? Thanks!
Natasa
Member
SL 200 point, TP 200 points ...Time frame: usually 5 minutes
Morgan
Member
I am using the one that looks extremely popular on the forum, so I have tried and it works so far. TP and SL 200 point , or 20 pips. Time frame 5 minutes, so aggressive setup, and I usually trade on major forex pairs
Morgan
Member
Before incorporating any new trading tool into your strategy, thorough research is imperative to assess potential risks. However, based on my personal experience, the Galileo Forex robot has been a catalyst, significantly amplifying my trading profitability.
I'm eager to learn about others' experiences with Galileo or if there are alternative recommendations for profitable trading robots. Let's foster an engaging dialogue and exchange insights for collective success!
I'm eager to learn about others' experiences with Galileo or if there are alternative recommendations for profitable trading robots. Let's foster an engaging dialogue and exchange insights for collective success!
Morgan
Member
Natasa, I am using the same setup, I even tested it on demo , without touching anytijng for a few days, it made me a profit. Do you turn on turn off Galileo or just leave it to play?
VuleV
Member
Morgan I have the same dilemma, where to start and where and when to stop?
VuleV
Member
Morgan I have been reading your posts and I can see that you have very good results, I am profitable as well, but still don't know when is a perfect time to stop for the day, do you have any rules about it , or you just randomly turn run and stop Galileo?
VuleV
Member
Love this setup made my day so many times!!!!
airjenrich4truth
New member
Yes the tool works and is profitable if you are willing to optimise and keep optimising. Depending on the direction of the trend, bullish, bearish or sideways, optimization ensures continual profitability. I check my results daily and if not gong to plan I re-optimize. I'm using MT5 so this is not too hard.
Natasa
Member
I am not changing the settings daily, but I am not claiming that my approach is the best approach. Sometimes I just run the Galileo and I don't even look at the platorm, I was lucky enough those days and Galileo made me a profit, but would not suggest to do that.
Natasa
Member
Looks like it is the most used settings of all, since the results are fast, and don't require a lot of time, for us not enough patient traders. But I hope that someone will let us know results of time frame 4 hours or even a day....
Natasa
Member
As you guys already know, I am not very experienced , but I do learn...I did at some point leave the Galileo for a few days, and I was in profit...I don't know if that was a luck or the algorithm, but I would agree with you that with the good risk management, or small lot size your robot will bring you good results eventually
Is that on full auto or manual. Do you leave that on to trade automatically 24/7?
Natasha do you leave your pc all day or do you trade in specific hours of the day ?Thanks
malthouse1993
New member
Hello Natasa, well done on the above results which I can see happened a few months ago. Are you still achieving the same positive returns now? Has anything changed? Many thanks for your help.NZD/USD AUD/USD GBP/USD m5, sl200 tp200 bullish and bearish signals: 3:3
When your mt4 platform says the most beautiful good morning to you
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