Who is making consistent profits?

[Ric M]

TP: 200 SL:200 Consecutive bullish signals: 3 Consecutive bearish signals: 3
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Is this strategy still working. Thank you

 

[manipongol]

Is this strategy still working. Thank you

test it with demo account

 

[Choppstick]

personalty its a yes and no. Some days for me it takes off like a rocket. And some days it seems to go backwards.

 

[author]

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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Hi Natasa this is good trade. I hope is still on a consistent and positive flow.

 

[nitulescumona]

And one more update for the day, so far is like money making machine
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unfortunately in my case applying the same parameters all in red -I do not understand -please advise if you have any tips

 

[tcappuccino]

HI Natasa, first you wrote, you using AUDUSD, NZDUSD, GBPUSD, first 2 perfect for Asian session, make sense if keeping at night working, but later you wrote, also using USDJPY..? I am curious. Are you watching Vinz weekle sets, or not even at all..??

 

[tcappuccino]

Yeap, I am using usually M5 time frame, Sl and TP 200 points, and consecutive bullish and bearish signals: 3:3...Trading on nzd/usd, aud/usd, usd/jpy.....

thx, I ve seen you had lot sizes every 0.1 lot, so is it fix size or dymamic, or how you set risk..?

 

[vuhoang1]

Hi Natasa, is the bot still working with you? Thank you

 

[Diegocacha]

Hey everyone,
Let me attach some useful info for you guys here:

The trading strategy that buys and sells after a certain number of bullish or bearish signals is based on technical analysis. The robot scans the market in real-time, analyzing charts and looking for patterns based on specific parameters. The strategy is designed to detect consecutive bullish or bearish signals, which are generated by technical indicators, and use these signals to determine whether to buy or sell.

For example, if the parameter is set to 5 consecutive bullish signals, the bot will wait until it detects 5 bullish signals in a row before executing a sell order. The same applies to bearish signals. The strategy is designed to capture inversions of trends in the market and profit from them. The idea behind this strategy is that the more consecutive signals there are, the more likely it is that the trend will reverse.

This type of strategy is commonly used by traders who are looking to automate their technical analysis and make trades based on a set of defined rules. By setting specific parameters for the number of consecutive signals, the robot can make trades that are based on a clear and concise system, reducing the impact of emotions and human error.

In conclusion, the trading strategy that buys and sells after a certain number of bullish or bearish signals is a powerful tool for traders who want to automate their technical analysis and benefit from the scalability and accuracy of a trading robot.

We suggest starting with the suggested settings and trying them out in Demo (M1, M5, M30, H1) to find the best configuration that works with your specific setup and broker.

Our first suggestion is to let the bot run in Demo and complete the analysis process. The bot requires real-time data to work effectively, so you need to run it for some time to feed the bot with live data.

We recommend testing and experimenting with all the different presets and different pair combinations in Demo. Additionally, don’t forget to try different timeframes (M1, M5, M30, H1) to find the best configuration that works with your specific setup and broker.

Timeframe Explanation: By decreasing the Time Frame setting (for example M1, M5, M15 or M30), you will instruct GalileoFX to trade more frequently. Likewise, by increasing the Timeframe (for example H1, H2, H4, H6 or D1).

Examples of Timeframes:

M1 = One trade per minute
M5 = One trade every 5 minutes
M15 = One trade every 15 minutes
M30 = One trade every 30 minutes
H1 = One trade every 1 hour
D1 = One trade every 1 day
Consecutive Bullish/Bearish Signals Explanation: This is the most critical setting of GalileoFX. It instructs the software when it should buy or sell. If it’s set low (1–3), the bot will trade with higher risk and higher reward. If it’s set high (7–10), GalileoFX will make fewer trades.

Examples of Consecutive Bullish/Bearish Signals:

High Risk: Consecutive Bullish/Bearish Signals = 1 to 3
Medium Risk: Consecutive Bullish/Bearish Signals = 3 to 6
Low Risk: Consecutive Bullish/Bearish Signals = 7 to 10

Hey everyone,
Let me attach some useful info for you guys here:

The trading strategy that buys and sells after a certain number of bullish or bearish signals is based on technical analysis. The robot scans the market in real-time, analyzing charts and looking for patterns based on specific parameters. The strategy is designed to detect consecutive bullish or bearish signals, which are generated by technical indicators, and use these signals to determine whether to buy or sell.

For example, if the parameter is set to 5 consecutive bullish signals, the bot will wait until it detects 5 bullish signals in a row before executing a sell order. The same applies to bearish signals. The strategy is designed to capture inversions of trends in the market and profit from them. The idea behind this strategy is that the more consecutive signals there are, the more likely it is that the trend will reverse.

This type of strategy is commonly used by traders who are looking to automate their technical analysis and make trades based on a set of defined rules. By setting specific parameters for the number of consecutive signals, the robot can make trades that are based on a clear and concise system, reducing the impact of emotions and human error.

In conclusion, the trading strategy that buys and sells after a certain number of bullish or bearish signals is a powerful tool for traders who want to automate their technical analysis and benefit from the scalability and accuracy of a trading robot.

We suggest starting with the suggested settings and trying them out in Demo (M1, M5, M30, H1) to find the best configuration that works with your specific setup and broker.

Our first suggestion is to let the bot run in Demo and complete the analysis process. The bot requires real-time data to work effectively, so you need to run it for some time to feed the bot with live data.

We recommend testing and experimenting with all the different presets and different pair combinations in Demo. Additionally, don’t forget to try different timeframes (M1, M5, M30, H1) to find the best configuration that works with your specific setup and broker.

Timeframe Explanation: By decreasing the Time Frame setting (for example M1, M5, M15 or M30), you will instruct GalileoFX to trade more frequently. Likewise, by increasing the Timeframe (for example H1, H2, H4, H6 or D1).

Examples of Timeframes:

M1 = One trade per minute
M5 = One trade every 5 minutes
M15 = One trade every 15 minutes
M30 = One trade every 30 minutes
H1 = One trade every 1 hour
D1 = One trade every 1 day
Consecutive Bullish/Bearish Signals Explanation: This is the most critical setting of GalileoFX. It instructs the software when it should buy or sell. If it’s set low (1–3), the bot will trade with higher risk and higher reward. If it’s set high (7–10), GalileoFX will make fewer trades.

Examples of Consecutive Bullish/Bearish Signals:

High Risk: Consecutive Bullish/Bearish Signals = 1 to 3
Medium Risk: Consecutive Bullish/Bearish Signals = 3 to 6
Low Risk: Consecutive Bullish/Bearish Signals = 7 to 10

Hi Chris, I appreciate your good information, I would like to explain me more about how to use the "Lots" and "Risk in % (if lots=0)", this parameters there aren´t clear for me. Thanks

 

[Joeboy]

Hi Chris, I appreciate your good information, I would like to explain me more about how to use the "Lots" and "Risk in % (if lots=0)", this parameters there aren´t clear for me. Thanks

Hi Diego,

The 'Lot Size' setting refers to the standard contract size in MetaTrader. One lot typically represents 100,000 units of the base currency, while 0.01 lots represent 1,000 units.
Adjusting the Lot Size to smaller values, such as 0.01 to 0.5, can help manage risk by reducing the capital amount at stake per trade. However, it's important to understand that while this may limit large losses, it does not eliminate the risk of losing money.



TIP: Consider using smaller Lot Sizes, such as 0.01, to potentially reduce the impact of losses. Remember, this strategy does not guarantee protection against losses but can be part of a prudent risk management approach.

 

[MadDawg]

Rookie question- what does changing the Magic Number do for you?

 

[Sanchay]

Rookie question- what does changing the Magic Number do for you?

Hey, Magic Number is used by MetaTrader for identification of trades or orders created by the EA's it helps in organizing and managing multiple EA's. If you are using multiple EA's then you can change it to identify the trades made by Galileo FX. Thanks

 

[kodyb]

TP: 200 SL:200 Consecutive bullish signals: 3 Consecutive bearish signals: 3
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What currency