Just found your channel. You did a really good job sharing your experience. And, I appreciate your honest review. I had the same experience as you with setting to tight of a Stop Loss and kept getting knocked out of the play. Fixed that problem by changing the Stop Loss to 10,000 points. That is 1000 pips and it NEVER goes that far in drawdown. This is like not using a stop loss. Now I know, a lot of people freak out about not using Stop Losses. But, when bot trading, you should NOT be worried about a Stop Loss. You should concentrate on Lot Size and Free Margin. You had such big losses because you were using a stop loss AND your lot size is to high for a $10K account. I would suggest scaling back to .1 or .15 lot size for that size account ($10K). Using the proper lot size will allow you to have the free margin necessary to outlast the drawdown! With a $1000 I make sure to have about $300 to $400 Free margin IF all charts go active at the same time. In your case, with a 10K account, you should never fall below say $2500 to $3000 Free Margin.
Any bot will ALWAYS show great results in backtest because data is settled, clean. Most of the bots also use very simple strategies that simply do a crossover check with Stoch RSI. If these really could make money then they wouldn't be selling it, they'd be printing money themselves
Not true. Citadel Securities (the world's largest market maker) has a $100 million dollar trading bot and a TEAM of people to keep it running smoothly. People don't want a trading bot they want a genie!
My CFA Shirley Mae Crisler is a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
Thank you for making this video. I have been wanting to invest in Galileo, however I was hoping it would not require a lot of intervention. It seems that this is another example that there are really no shortcuts in life. I have to take the time to learn how to trade and practice using a paper trading account. You really helped me make a decision today. Thank you (and your family) again.
@@pope19 I really did appreciate the video. No, nothing about me is fake. I've been going back and forth for weeks on whether to buy the trading bot, but I decided not to based on this information. No one from Galileo is going to tell you not to buy it. They've done everything but beg me to buy it, but I haven't. You are welcome to hate on my comment, but that doesn't make it fake.
I'm reading lots of actual, not plant, reviews. This is not yet ready for primetime, and they seem to lie greatly about how the program has performed in the past
A really interesting video clip. As I am new to trading forex pair I am very keen to learn more. 1. As a beginner I don't understand the setting? 2. How did your results compare to the preset examples you showed at the beginning of your video. 3. A quick calculation shows me that the commission is +- 12.5%. Is this normal?
A lot of people were paid for positive reviews and testimonies. How can there be so many influencers shilling it when all of the user reviews are negative?
I have this Bot and Lost alot so not surprise ... this thing is trash.... they support set it up.. what I quickly realize is if I'm going to lose money I need to be in control.. I paid 1,400 usd I was early into my trading experience and this was a big dissapointment you better off get trading education
@@MindfullyTrading that doesnt mean you werent paid to endorse this (which clearly you were). and if you actually cared you would have done some research and/or just come to the very painfully obvious conclusion that this is a complete scam.
I bought the alchemist trading bot cost around 400 waste of time nuisance setting it up put 5000 in over 4 months up to to 5800 then boom went down to 3000 live and learn stay away is my advice
Their a scam. They are also incredibly rude, after I asked simple questions that any new traders would ask they proceeded to call me an imbecile. I wouldn't support them. Many I know have lost lots of money from them.
HI, I'm about as new as you are. I was really looking for a way to get into the Trading life but was always confused about it. I thought I had found it when I came across Galileo FX, but listing to your encounter with it and them, I guess I haven't. Would you have any advice for someone like me? 😔
@@mikeralbaylor3985 ANYBODY that reaches out to you through DMs to help you with trading is a scam. DO NOT answer them about ANYTHING. Do your own research and only trade on an accredited MAJOR exchange like Coinbase or Binance.
@@mikeralbaylor3985 Not sure where my comment went, but DO NOT answer anybody from any DM and ONLY trade through a major exchange like Coinbase or Binance. 99.99999% of these programs that promise gains are scams too.
@@mikeralbaylor3985 haha they keep deleting my comments trying to warn you....stay away from everyone in crypto and any DMs. Do your own research and only trade on major exchanges like Coinbase or Binance.
I was super doubtful at first but the discount pulled me in. I figured... why not? And honestly... it’s working. I didn’t mess with too many settings, just picked a preset, set my stop-loss and let it run. The results are clear. I made back the cost of the bot in a few weeks. It’s not magic, but it’s steady. I love that my money stays with my broker, not the bot, so I’m in control. That felt safe. If you’re like me and just want something simple that works, I’d say give it a shot. Don’t overthink it. Start small, use the safety features and see how it goes. It’s been worth it for me.
How much did you get paid for this? Im just curious how much it cost to completely sell all sense of morals and ethics in order to promote a chinese scam. Hope it was worth the thousands of people who have watched this video all losing their savings.
most of these bot are not optimized , if u want fully automated , you need the one that use data analyze technics and Reinforcement Learning together , that being said there is a very little chance you can access them publicly
Just found your channel. You did a really good job sharing your experience. And, I appreciate your honest review. I had the same experience as you with setting to tight of a Stop Loss and kept getting knocked out of the play. Fixed that problem by changing the Stop Loss to 10,000 points. That is 1000 pips and it NEVER goes that far in drawdown. This is like not using a stop loss. Now I know, a lot of people freak out about not using Stop Losses. But, when bot trading, you should NOT be worried about a Stop Loss. You should concentrate on Lot Size and Free Margin. You had such big losses because you were using a stop loss AND your lot size is to high for a $10K account. I would suggest scaling back to .1 or .15 lot size for that size account ($10K). Using the proper lot size will allow you to have the free margin necessary to outlast the drawdown! With a $1000 I make sure to have about $300 to $400 Free margin IF all charts go active at the same time. In your case, with a 10K account, you should never fall below say $2500 to $3000 Free Margin.
@@TheCommonSenseInvestor scam!
Any bot will ALWAYS show great results in backtest because data is settled, clean. Most of the bots also use very simple strategies that simply do a crossover check with Stoch RSI. If these really could make money then they wouldn't be selling it, they'd be printing money themselves
Not true. bots will NOT always show great results in back test. If you do a PROPER back test, it will show you exactly what settings to use.
@@TheCommonSenseInvestor What do you use for backtesting? What timeframes for entry exit? My results come in at 90% positve and barely 30% on LIVE
Great video, do you still use the program or have you given up on it? I notice all the reviews on RUclips are fake and paid.
How did trading with a live account go ?
hello miss, did you ever get any better results from this software?
I average about 7 to 10% increase a week using Galileo
looks like the bot is working for the broker. many trades much more commission
Yeah there is certainly that to consider 👍
We’ll see - but if you have to babysit it then it’s not really a trading robot
Not true. Citadel Securities (the world's largest market maker) has a $100 million dollar trading bot and a TEAM of people to keep it running smoothly. People don't want a trading bot they want a genie!
What is the most effective investment approach for a newcomer to the financial market?
My CFA Shirley Mae Crisler is a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
Please educate me. I've come across this name before. Now I am interested.
This is correct, Shirley's strategy has normalized winning trades for me also, and it's a huge milestone for me looking back to how it all started..
Yes, I agree with you. Her platform is wonderful, and her strategies are exceptional
She's mostly on Telegram, using the username
Can you update your current performance?
Thank you for making this video. I have been wanting to invest in Galileo, however I was hoping it would not require a lot of intervention. It seems that this is another example that there are really no shortcuts in life. I have to take the time to learn how to trade and practice using a paper trading account. You really helped me make a decision today. Thank you (and your family) again.
Not the worst google translate from chinese to english job.. but not passing either. 10000% fake comment from one of the scammers at Galileo.
@@pope19 I really did appreciate the video. No, nothing about me is fake. I've been going back and forth for weeks on whether to buy the trading bot, but I decided not to based on this information. No one from Galileo is going to tell you not to buy it. They've done everything but beg me to buy it, but I haven't. You are welcome to hate on my comment, but that doesn't make it fake.
Have you tried stocks on this galilio fx system
I lost so money using them. Positive reviews are fake. Learn from my mistakes and stay away
Me too these reviews are fake and they make money from the RUclips videos and ad sets not by this scammy robot
I'm reading lots of actual, not plant, reviews. This is not yet ready for primetime, and they seem to lie greatly about how the program has performed in the past
it is absolutely ready for primetime. I average about 7 to 10% a WEEK using Galileo
@@TheCommonSenseInvestor liar
A really interesting video clip. As I am new to trading forex pair I am very keen to learn more. 1. As a beginner I don't understand the setting? 2. How did your results compare to the preset examples you showed at the beginning of your video. 3. A quick calculation shows me that the commission is +- 12.5%. Is this normal?
A lot of people were paid for positive reviews and testimonies. How can there be so many influencers shilling it when all of the user reviews are negative?
@@eyoutube1 because they're a scam and most crypto influencers are scammers as well.
Hello please you teach me how to setup the bot and tweaking it to work efficiently?
notice commission take off lot profit, this is because use forex, how about use the interactive broker? it is very low commission. do you try it?
Looks like a risky/scammy deal.
If I were losing as much as you, my voice would have been fading away like you
13:30 looks like lots of losses. I though the idea was it made money.
Do the oppsite of the bot xD
I have this Bot and Lost alot so not surprise ... this thing is trash.... they support set it up.. what I quickly realize is if I'm going to lose money I need to be in control.. I paid 1,400 usd I was early into my trading experience and this was a big dissapointment you better off get trading education
Unde 5bullish en 5 bearish on H1
Cant leave an honest review when u make money off ppl signing up
Actually that's just a normal link, not affiliate 👍
@@MindfullyTrading suuuuuuuuuure.
@@MindfullyTrading that doesnt mean you werent paid to endorse this (which clearly you were). and if you actually cared you would have done some research and/or just come to the very painfully obvious conclusion that this is a complete scam.
I bought the alchemist trading bot cost around 400 waste of time nuisance setting it up put 5000 in over 4 months up to to 5800 then boom went down to 3000 live and learn stay away is my advice
What happening ICT??
Just asked AI it says there's better ones out there
😂
Did you not pay for premium settings? With the VIP support?
Its not worth it, in my view.
(this is a bot)
IMO that’s the only way to do this.
Galileo FX is AWESOME!! Made some good $$ without much effort lol. Thx for the vid!
Good to hear, thank you for sharing 👍
(fake)
Their a scam. They are also incredibly rude, after I asked simple questions that any new traders would ask they proceeded to call me an imbecile. I wouldn't support them. Many I know have lost lots of money from them.
HI, I'm about as new as you are. I was really looking for a way to get into the Trading life but was always confused about it. I thought I had found it when I came across Galileo FX, but listing to your encounter with it and them, I guess I haven't. Would you have any advice for someone like me? 😔
@@mikeralbaylor3985 Stay away from programs like these and any memecoin that isn't listed on a MAJOR exchange.
@@mikeralbaylor3985 ANYBODY that reaches out to you through DMs to help you with trading is a scam. DO NOT answer them about ANYTHING. Do your own research and only trade on an accredited MAJOR exchange like Coinbase or Binance.
@@mikeralbaylor3985 Not sure where my comment went, but DO NOT answer anybody from any DM and ONLY trade through a major exchange like Coinbase or Binance. 99.99999% of these programs that promise gains are scams too.
@@mikeralbaylor3985 haha they keep deleting my comments trying to warn you....stay away from everyone in crypto and any DMs. Do your own research and only trade on major exchanges like Coinbase or Binance.
I had a trading bot years ago same thing same technology I lost all my money
TL;DR of the 36 minute long video, the Galileo FX bot is useless. You're welcome! :)
this is your best video ever. Did you pay this bot?
OMG, Big loss , this feels unreliable.
I was super doubtful at first but the discount pulled me in. I figured... why not? And honestly... it’s working. I didn’t mess with too many settings, just picked a preset, set my stop-loss and let it run.
The results are clear. I made back the cost of the bot in a few weeks. It’s not magic, but it’s steady. I love that my money stays with my broker, not the bot, so I’m in control. That felt safe.
If you’re like me and just want something simple that works, I’d say give it a shot. Don’t overthink it. Start small, use the safety features and see how it goes. It’s been worth it for me.
Who is a good broker for MT5 and Galileofx?
I don’t believe you at all , bought it , waste of money
How much did you get paid for this? Im just curious how much it cost to completely sell all sense of morals and ethics in order to promote a chinese scam. Hope it was worth the thousands of people who have watched this video all losing their savings.
most of these bot are not optimized , if u want fully automated , you need the one that use data analyze technics and Reinforcement Learning together , that being said there is a very little chance you can access them publicly
❤❤❤🎉🎉🎉
Thank you 😊🩷
Galileo FX is the biggest scam out there! Will win can a while, but will always take a massive lose!
So dangerous EA.
how unpredictable....
Another scamming
this shit is trashhhhh