Galileo fx review: My experience
I feel excited to share my experience with Galileo fx. As someone who has been in the trading world since 2017 and profitable since 2019/2020, I have seen a lot in this industry and personally, I have been comfortable with trading manually and doing the work required on my own. I honestly have not been into trading bots because I just had 'trust issues' .. 'Lol'. But I came across Galileo bot and I saw a lot of very good reviews about it, and it seems like it is worth a try. I can't lie, I'm a little nervous to test it out because I have personally been conditioned to think that bots are a 'no-go-area for trading' , but I have heard good things about it. So, I thought it was worth giving it a try.I did a lot of research on Expert Advisors and on using trading bots in general and I from what I have studied about trading bots, there are lots of benefits to using an EA that they are supposed to make trading life easier, Frees up time from staring at the charts for long hours and for me, personally, I need time to be able to be able to attend to other things asides trading. I understood that using an EA is not a magic pill and it requires consistency also and that is what I found so mind blowing about this particular trading bot. Then the fact that it is an AUTO-TRADING bot is incredible. After purchasing, I got the bot in a "Galileofx Zip file", I also got a link that led me straight to a website which guided me through the process. There are options of brokers on the website.
The installation process was pretty straightforward. Within minutes, I had the bot running on my MT4 .The customer service guys were quick to answer the questions I had and the bot was up and running in no time. There is also an option to use the installation service and have their team do the installation for you with no hassle which really makes sense. It was a really good green flag for me. It gave me extra confidence to keep going knowing that if I ever had any issues, support has my back!
In this season of my life, time is money so anything that saves time and gives me value at the same time is my go-to because the world is very fast paced now. I went straight to the settings and adjusted everything to fit my trading plan. I added my trading pairs which are: EURUSD, XAUUSD, GBPUSD and GBPJPY. I got it on a Friday so, the forex market was winding down but I saw Galileo fx bot works on BTC! ... How cool is that?! I was so excited to see it so I added it to my pairs.
I saw that it worked with my broker just fine. I put it on the previous challenge account i had failed.My plan is to eventually get another account with a prop firm and am hoping the bot will finally pass it for me, my emotions sometimes get in the way when i am about to get to the last phase to get funded and I saw the Galileofx bot works with the Prop Firm of my choice. I decided to connect it and see how it works on this demo account.
I watched the step by step installation video which is so detailed, they outline all the instructions and what you need for the installation.Since my goal was to eventually use it on my Prop-Firm account, I was eager to see how the bot performed. It was good to find out that Galileofx operates autonomously which means that it uses the auto-trade feature and it doesn't initiate a trade until it sees a good pattern in the direction of the trading bias.I am conscious of the fact that one of the most important rules in trading is "trade what you see and not what you think”. That means you need to look for the right conditions for your trading setup and not hop from one trade to another and I am glad to see that the bot reflects that. EA removes emotions. As humans, we are prone to have FOMO and get frantic about missing out on a trade but using the bot eliminates the emotional side which is like a major trading issue. It worked well with the risk parameters I set .
I used the aggressive settings because I am a scalper and intra-day trader. I set the time- frame to 15mins and also 5mins chart , that means the bot will look for patterns every 5mins to initiate a trade. I followed the settings from the Galileo zip file sent.So far, the results have been promising, the Galileofx bot executed some BTC trades overnight and I woke up to some blues in my account, the trade had open and closed before I woke up . Talk about making money in your sleep!.I monitored the bot all weekend and I was impressed to see the consistency, it had made steady gains and it was able to take short term trades that I would have been too scared to take personally due to market fluctuations.
When the forex market opened, It initiated a trade on XAUUSD
I am prepared to put this on my challenge account because its time to get this shmoney. One thing I really appreciate about the Galileofx bot is its transparency and ability to provide detailed reports of each trade so you know what went on with all your trades... I Love it! .
It is time I buy and put the bot on my Challenge account, I emailed support to make sure I was on the right track, because now it's time to see real live action, I was a little nervous at the time because if it worked, then I would get funded, and if it didn't, I would have need to start all over again..
The confidence I had with the bot is that I have seen it in action in the past week and I have seen good reviews about it and the I have seen it take the demo account from 88,000 to 90,000 in 1week!
I am excited for my new found journey into the world of trading bots and passing my account when i finally buy it.Of course, no trading strategy is without risk, and I remain cautious about the potential pitfalls of using EA , However Galileofx vast risk management features and proven track record gave me confidence in its ability to navigate the volatile markets.