Settings: Quick Explanation
- Timeframe: The interval at which the trading bot operates (e.g., H1 means 1-hour charts).
- Lot Size: The volume of the trade.
- Take Profit (TP): The price at which the trade is closed to secure profits.
- Stop Loss (SL): The price at which the trade is closed to prevent further losses.
- Consecutive Bullish Signals: Number of consecutive bullish signals required before executing a sell order.
- Consecutive Bearish Signals: Number of consecutive bearish signals required before executing a buy order.
Example Settings
1. Lunar Lander Scalping
Slow and steady like a lunar lander.
Description: This strategy is designed for traders who prefer a conservative approach, focusing on stability and minimizing risk. By using longer timeframes and higher consecutive signal requirements, it filters out market noise and targets more stable trends. Ideal for major Forex pairs like EUR/USD, where the focus is on capturing steady movements rather than rapid fluctuations.
Risk Level: Low
Trading Style: Day Trading
Timeframe: H1 (1 hour)
Lot Size: 0.01
Take Profit (TP): 200 points
Stop Loss (SL): 150 points
Consecutive Bullish Signals: 8
Consecutive Bearish Signals: 7
Suggested Markets: EUR/USD, GBP/USD, USD/JPY
2. Meteor Shower Blitz
Swift and unpredictable like a meteor shower.
Description: This strategy aims at quick gains by taking advantage of short-term market movements, ideal for volatile markets like cryptocurrency. With low consecutive signal requirements and a tight stop-loss, it aims to capitalize on rapid price changes, making it suitable for pairs like BTC/USD.
Risk Level: High
Trading Style: Day Trading
Timeframe: M5 (5 min)
Lot Size: 0.01
Take Profit (TP): 100 points
Stop Loss (SL): 50 points
Consecutive Bullish Signals: 2
Consecutive Bearish Signals: 2
Suggested Markets: BTC/USD, ETH/USD, LTC/USD
3. Stellar Swing Orbit
Swinging gradually like stellar drift.
Description: Designed for those looking to balance risk and reward, this strategy focuses on capturing medium-term trends. With a moderate number of consecutive signals and balanced TP and SL, it works well with less volatile assets like the S&P 500, aiming for steady gains over weeks.
Risk Level: Moderate
Trading Style: Swing Trading
Timeframe: H4 (4 hours)
Lot Size: 0.01
Take Profit (TP): 400 points
Stop Loss (SL): 200 points
Consecutive Bullish Signals: 5
Consecutive Bearish Signals: 5
Suggested Markets: S&P 500, EUR/USD, Gold
4. Nebula Navigator Strategy
Navigating the vast nebula slowly.
Description: Ideal for long-term investors, this strategy targets significant market movements over extended periods. With a weekly timeframe and high TP, it’s suitable for stable assets like Gold, focusing on long-term trends rather than short-term volatility.
Risk Level: Low
Trading Style: Long-Term Investing
Timeframe: W1 (weekly)
Lot Size: 0.01
Take Profit (TP): 500 points
Stop Loss (SL): 250 points
Consecutive Bullish Signals: 6
Consecutive Bearish Signals: 6
Suggested Markets: Gold, Silver, Oil
5. Astro Blaster Reversal
Blasting through space with high risk.
Description: This strategy is for traders willing to take on higher risk for potentially high rewards. It works best with volatile indices like NASDAQ, aiming to capture large price swings with a moderate number of consecutive signals to filter trades.
Risk Level: High
Trading Style: Trend Reversal
Timeframe: H4 (4 hours)
Lot Size: 0.01
Take Profit (TP): 600 points
Stop Loss (SL): 300 points
Consecutive Bullish Signals: 3
Consecutive Bearish Signals: 3
Suggested Markets: NASDAQ, S&P 500, BTC/USD
6. Cosmic Drift Swing
Drifting through the cosmos.
Description: This strategy is designed for those seeking a balanced approach to swing trading. Suitable for major forex pairs like EUR/JPY, it combines a daily timeframe with moderate TP and SL, aiming to capture significant market movements while managing risk.
Risk Level: Moderate
Trading Style: Swing Trading
Timeframe: D1 (daily)
Lot Size: 0.01
Take Profit (TP): 300 points
Stop Loss (SL): 200 points
Consecutive Bullish Signals: 7
Consecutive Bearish Signals: 7
Suggested Markets: EUR/JPY, USD/CHF, GBP/USD
7. Solar Flare Scalping
Intense and short-lived like a solar flare.
Description: This strategy focuses on short-term swings, suitable for highly volatile markets like Oil. With a shorter timeframe and moderate TP and SL, it aims to quickly capitalize on rapid price movements.
Risk Level: High
Trading Style: Scalping
Timeframe: M30 (30 min)
Lot Size: 0.01
Take Profit (TP): 250 points
Stop Loss (SL): 150 points
Consecutive Bullish Signals: 4
Consecutive Bearish Signals: 4
Suggested Markets: Oil, Gold, Silver
8. Comet Chase Daytrading
Chasing a comet's trail.
Description: Designed for intraday traders seeking a balanced risk approach, this strategy is ideal for Forex pairs like GBP/USD. It combines a moderate timeframe with balanced TP and SL to capture daily price movements.
Risk Level: Moderate
Trading Style: Day Trading
Timeframe: M30 (30 min)
Lot Size: 0.01
Take Profit (TP): 200 points
Stop Loss (SL): 100 points
Consecutive Bullish Signals: 5
Consecutive Bearish Signals: 5
Suggested Markets: GBP/USD, EUR/USD, USD/CAD
9. Galactic Cruise Longplay
Cruising through the galaxy.
Description: This strategy suits long-term traders who prioritize stability. It works well with major Forex pairs like EUR/USD, using a daily timeframe and conservative TP and SL to ensure trades align with long-term market trends.
Risk Level: Low
Trading Style: Long-Term Investing
Timeframe: D1 (daily)
Lot Size: 0.01
Take Profit (TP): 500 points
Stop Loss (SL): 200 points
Consecutive Bullish Signals: 6
Consecutive Bearish Signals: 5
Suggested Markets: EUR/USD, USD/CHF, USD/JPY
10. Starfall Scalping
Falling stars with rapid movement.
Description: This strategy is tailored for traders looking for quick, moderate-risk trades. Suitable for pairs like USD/JPY, it uses a short timeframe to quickly respond to market movements, aiming for modest but consistent gains.
Risk Level: Moderate
Trading Style: Scalping
Timeframe: M5 (5 min)
Lot Size: 0.01
Take Profit (TP): 150 points
Stop Loss (SL): 75 points
Consecutive Bullish Signals: 4
Consecutive Bearish Signals: 4
Suggested Markets: USD/JPY, EUR/USD, BTC/USD
11. Interstellar Swing
Exploring new frontiers.
Description: Focuses on medium-term trades with a balanced approach, ideal for assets with moderate volatility like blue-chip stock CFDs. This strategy uses a 4-hour timeframe to capture significant price movements while managing risk.
Risk Level: Moderate
Trading Style: Swing Trading
Timeframe: H4 (4 hours)
Lot Size: 0.01
Take Profit (TP): 350 points
Stop Loss (SL): 175 points
Consecutive Bullish Signals: 5
Consecutive Bearish Signals: 5
Suggested Markets: Blue-chip stock CFDs, EUR/USD, Gold
12. Quantum Leap Daytrading
Taking bold steps.
Description: A high-risk, high-reward strategy designed for highly volatile markets such as small-cap stock CFDs. It uses a 5-minute timeframe to exploit rapid price changes, with tight TP and SL to manage risk.
Risk Level: High
Trading Style: Day Trading
Timeframe: M5 (5 min)
Lot Size: 0.01
Take Profit (TP): 120 points
Stop Loss (SL): 60 points
Consecutive Bullish Signals: 2
Consecutive Bearish Signals: 2
Suggested Markets: Small-cap stock CFDs, BTC/USD, ETH/USD
13. Aurora Borealis Longplay
Capturing the lights.
Description: A long-term strategy focusing on stable assets like government bonds CFDs. Using a weekly timeframe and high consecutive signal requirements, it aims to capture major trends with minimal risk.
Risk Level: Low
Trading Style: Long-Term Investing
Timeframe: W1 (weekly)
Lot Size: 0.01
Take Profit (TP): 600 points
Stop Loss (SL): 300 points
Consecutive Bullish Signals: 8
Consecutive Bearish Signals: 8
Suggested Markets: Government bonds CFDs, Gold, Silver
14. Supernova Scalping
Explosive and bright.
Description: This aggressive strategy aims for high returns in volatile markets like cryptocurrencies. It uses a 15-minute timeframe and lower consecutive signals to capture rapid price movements.
Risk Level: High
Trading Style: Scalping
Timeframe: M15 (15 min)
Lot Size: 0.01
Take Profit (TP): 200 points
Stop Loss (SL): 100 points
Consecutive Bullish Signals: 3
Consecutive Bearish Signals: 3
Suggested Markets: BTC/USD, ETH/USD, LTC/USD
15. Planetary Orbit Investing
Revolving around stability.
Description: A conservative strategy designed for low-volatility assets like large-cap stock CFDs. Using a daily timeframe, it focuses on capturing stable trends with minimal risk.
Risk Level: Low
Trading Style: Long-Term Investing
Timeframe: D1 (daily)
Lot Size: 0.01
Take Profit (TP): 400 points
Stop Loss (SL): 200 points
Consecutive Bullish Signals: 7
Consecutive Bearish Signals: 7
Suggested Markets: Large-cap stock CFDs, EUR/USD, USD/CHF
16. Solar System Swing
Balanced and diverse.
Description: A balanced approach for medium-term trades, suitable for indices like the S&P 500. It uses a 4-hour timeframe and moderate TP and SL to manage risk while capturing significant price movements.
Risk Level: Moderate
Trading Style: Swing Trading
Timeframe: H4 (4 hours)
Lot Size: 0.01
Take Profit (TP): 350 points
Stop Loss (SL): 175 points
Consecutive Bullish Signals: 5
Consecutive Bearish Signals: 5
Suggested Markets: S&P 500, NASDAQ, Gold
17. Galaxy Explorer Longplay
Venturing into the unknown.
Description: Designed for long-term investors in commodities like oil, this strategy uses a weekly timeframe and high TP and SL to capture major trends.
Risk Level: Low
Trading Style: Long-Term Investing
Timeframe: W1 (weekly)
Lot Size: 0.01
Take Profit (TP): 600 points
Stop Loss (SL): 300 points
Consecutive Bullish Signals: 6
Consecutive Bearish Signals: 6
Suggested Markets: Oil, Gold, Silver
18. Comet Trail Daytrading
Following the comet's path.
Description: A moderate risk strategy for short-term trades in forex pairs like EUR/GBP. Using a 1-hour timeframe, it balances TP and SL to capture intraday price movements.
Risk Level: Moderate
Trading Style: Day Trading
Timeframe: H1 (1 hour)
Lot Size: 0.01
Take Profit (TP): 250 points
Stop Loss (SL): 125 points
Consecutive Bullish Signals: 4
Consecutive Bearish Signals: 4
Suggested Markets: EUR/GBP, USD/JPY, EUR/USD
19. Dark Matter Investing
Hidden opportunities.
Description: This strategy targets hidden opportunities in less volatile markets like corporate bonds CFDs. Using a daily timeframe and high consecutive signals, it aims for steady, long-term gains.
Risk Level: Low
Trading Style: Long-Term Investing
Timeframe: D1 (daily)
Lot Size: 0.01
Take Profit (TP): 450 points
Stop Loss (SL): 225 points
Consecutive Bullish Signals: 7
Consecutive Bearish Signals: 7
Suggested Markets: Corporate bonds CFDs, Gold, Silver
20. Asteroid Belt Scalping
Navigating through challenges.
Description: A high-risk, high-reward strategy for short-term trades in volatile markets like penny stock CFDs. It uses a 5-minute timeframe and lower consecutive signals to capture rapid price movements.
Risk Level: High
Trading Style: Scalping
Timeframe: M5 (5 min)
Lot Size: 0.01
Take Profit (TP): 100 points
Stop Loss (SL): 50 points
Consecutive Bullish Signals: 3
Consecutive Bearish Signals: 3
Suggested Markets: Penny stock CFDs, BTC/USD, ETH/USD
Customize and Experiment with Galileo FX Settings
The Galileo FX trading bot allows for customization to suit diverse trading strategies and needs.
We encourage you to experiment with different settings in a controlled environment, such as a demo account, to understand how they work without risking real money.
In addition to the example settings provided, you can also experiment with new settings to find the best strategy for your individual needs.
We encourage users to experiment with various settings in a risk-free environment, such as simulation or demo accounts, to understand the potential impacts on their trading strategy without risking actual capital.
It is crucial to monitor your trades actively and only invest what you are prepared to lose. Understanding and managing your risk is essential in trading.
Slow, Fast, and Aggressive Settings
The Slow settings are designed to minimize losses and are best for 24/7 trading. The goal is to minimize risk of losses as much as possible, while making steady profits. For best performance, the bot needs to run 24/7 and usually makes a few trades a week.
The Fast settings are the best risk/reward option and are best for short periods. The goal is to get good profits while keeping an eye on losses. There is a possibility of losses, so it is suggested to monitor the bot while operating in Fast mode. The bot usually makes a few trades an hour.
The Aggressive settings are best for very short periods with your supervision. The goal is an aggressive style of trading, opening trades with high risk/reward ratios. The bot usually makes many trades an hour and has the possibility of high profits but also high losses if not used correctly. This setting is particularly suited for professional or advanced traders. It can be explored using Demo accounts to understand its dynamics fully before any real capital is committed. Please be aware this is a high-risk mode that can result in significant losses as well as gains.
As a reminder, the settings discussed are used for demonstration purposes in this guide. Galileo FX does not provide financial advice. We encourage you to use your judgment and conduct thorough research before trading with real funds.
While we provide tools to aid your trading decisions, success in trading requires continuous education and careful analysis. We encourage you to conduct comprehensive research and make informed choices based on your individual risk tolerance and financial objectives.
Galileo FX Slow, Fast and Aggressive Settings
To help you get started, we've included a table that lists the exact Slow, Fast, and Aggressive settings used by our team, these settings can be used as a solid base for you to begin with and after some time you can customize the settings to match your needs.
Lot size customization
Leverage and Lot size
In MetaTrader, lot size is directly linked to leverage. Leverage allows traders to control larger positions than their existing account balance would typically permit. While this can amplify profits, it significantly increases the risk of substantial losses, especially if market conditions move unfavorably against your positions. When you increase leverage, you can trade a larger position with a smaller amount of capital. However, leverage also increases your potential risk, as you are essentially trading with borrowed money.
When you change the leverage in MetaTrader, the lot size you can trade will also change. This is because the amount of margin required to open a position will change depending on the leverage you are using. For example, if you are using a leverage of 1:100, you will need to have 1% of the trade value as margin in your account to open the position, while if you are using a leverage of 1:200, you will only need to have 0.5% of the trade value as margin.
As a general rule, as you increase leverage, you can trade larger lot sizes with a smaller amount of capital. However, it's important to keep in mind that as leverage increases, so does the risk. Using leverage increases both the potential for higher profits and the risk of greater losses. It's crucial to manage leverage carefully and ensure you have adequate margin to cover potential losses. Always consider your financial situation and risk tolerance when applying leverage. It's also important to use a leverage that is appropriate for your trading strategy and risk tolerance.