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GALILEO FX EA MT4 – Full Input Settings Analysis
Galileo FX is a fully automated MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading software. It scans for markets and places trade positions with its pre-programmed algorithm when it detects valid trade signals. Galileo FX has no minimum capital to trade and is suitable for beginners and professionals alike, enabling them to trade on their own and with certainty on autopilot.
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Global Configuration
- Magic Number (20200311): Unique trade ID for EA to manage its own trades.
- Lots (0.1): Fixed lot size per trade. 0 for EA to use dynamic lot sizing through risk.
- Risk in % (0.5): Percentage risk per trade (only works if Lots = 0). Disabled in this setup.
- Max Orders (0): Max open trades. 0 = unlimited — be careful not to overtrade.
Orders Configuration
- Stop Loss in Points (0): No stop loss; this is dangerous since there is no loss limitation.
- Take Profit in Points (0): No take profit; the trades will be closed by other signals.
- Trailing Start in Points (0): Trailing stop is disabled (value 0 means disabled).
- Trailing Step in Points (0): No trailing step.
Key Takeaways
- Galileo FX’s strategy relies on sequential bullish and bearish signals without the employment of dangerous Martingale or Grid Systems.
- Trades are executed automatically based on predefined rules, with risk management features like Stop Loss and Trailing Step to avoid possible losses.
- The software saves time as it efficiently scans charts, adapting to the various market conditions like uptrend, downtrend, or sideways.
- Galileo FX enables novice and pro traders to trade with confidence on autopilot, delivering efficient and versatile trading solutions.