Facebook Group – Galileo FX for Beginners https://www.facebook.com/groups/galileofxbeginners
Welcome! We’re excited that you’re trying out Galileo FX! In this short guide we’ll walk you through how to make your first automated trades with Galileo FX and use key features. We provide a thorough overview, but feel free to just skim and follow the pictures if you only want the instructions.
Let’s get started! Here’s what you’ll need:
- PC with Windows (or Mac using Parallels/VMWare)
- A browser (for example Google Chrome)
- 15 minutes
1. Download MetaTrader 4 (or MT5)
MetaTrader is a platform for trading Forex, analyzing financial markets and using Expert Advisors. Millions of traders with a wide range of needs choose MetaTrader to trade in the market.
The platform offers ample of opportunities to traders of all skill levels: advanced technical analysis, flexible trading system, algorithmic trading and Expert Advisors, as well as mobile trading applications.
While you can download MetaTrader from the official developer website, Galileo FX requires a trading account, so you need to download MetaTrader directly from your broker website.
Please see some example links by popular brokers below:
🇺🇸USA Brokers that support MetaTrader 4 or MT5
IF YOU USE XM BROKER: Please note that certain accounts registered with XM don’t work with Galileo FX. This is because XM uses a different order type code than all the other brokers. There are several solutions to this issue, so please contact XM’s support.
Here are some additional lists to help you find the right broker:
2. Install MetaTrader
Right-click/double-click on the EXE file downloaded from your broker site to open the install wizard.
Follow the instructions to complete the install.
3. Download Galileo FX
Go to the Galileo FX official website to purchase a Galileo FX license. You will receive the following email after payment.
Check Junk/Spam folder, in case you don’t see the email in your inbox.
Click the link to download the Zip file and save it to your Desktop.
4. Install Galileo FX
Follow this video to install Galileo FX on MetaTrader 5.
The video uses MetaTrader 5 as an example – if you are using MT4, it’s the same process but you need to use these files:
- Galileo FX for MT4 (folder) instead of Galileo FX MT5 (folder)
- Select the folder MQL4 instead of MQL5 that is shown in the video
5. Load Galileo FX
Restart MetaTrader 4 (or MT5) by closing the application and starting it again.
If you have installed Galileo FX correctly, you will see the Galileo FX Expert Advisor in the Navigator window on the left.
If you don’t see the Navigator window, press of Ctrl+N or click “View – Navigator” in MT4/MT5.
Follow the video to see how to load Galileo FX into a chart (Skip to 1:20)
Drag and drop Galileo FX from the Navigator window to a chart on the right. You need to repeat this step for each chart.
6. Make the first autotrade with Galileo FX
Set the time frame for the chart to M1. This will instruct Galileo FX to trade every 1 minute. You can change it later to M5 (5 minutes), M15 (15 minutes) or even D1 (one trade a day). As we are just starting, we’ll use M1 as an example to quickly jumpstart!
Open Galileo FX by double clicking on the Galileo FX label on the top right of the chart.
In the Common tab, click:
In the Inputs tab start with the suggested settings:
- Consecutive Bullish / Bearish Signal = 1 (this will tell Galileo FX to open many trades quickly, please only use in demo or if you are certain of what you are doing. We use “1” to quickly test the robot. With high values (up to 10), expect fewer trades during the day, but on average more accurate than using a low value. Most users set different currency pairs using different settings and timeframes.
- TakeProfit (TP) = 80 (example)
- StopLoss (SL) = 80 (example)
- LotSize = 1 (very high, we suggest using 0.01 to 0.05 to reduce risk per trade. You can do different tests and see what works best for you)
- Magic Number = 786
Click OK to save the settings for this chart. You need to repeat this step for each chart.
Click “AutoTrade” on MetaTrader 4 (or “AlgoTrading” on MT5) as shown in the screenshot:
We strongly suggest to try different settings, timeframes and pairs to find the best settings that work for you.
7. Support & Troubleshooting
We created Galileo FX to make it easy for beginners and professional traders to trade automatically. We know that learning new software can be intimidating.
That is why we are focused on creating easy-to-use software, along with providing detailed instructions and unmatched support to our customers. Our customer-focused approach has made StarTrade the predominant choice for efficient and effective automated trading and analysis.
If you see an error or need help with something, do not panic, our resources and our team are here.
The quickest way to receive help is to visit our HelpDesk where you’ll find answers to 99% of the questions and issues.
If the issue is not solved, please do not hesitate to contact someone from our team on at firstname.lastname@example.org We’ll be as quick as we can to help and will work hard to iterate based on user feedback to make your experience using Galileo FX as awesome as possible!
Congratulations! You’ve now made your first trade with Galileo FX, the autotrading software for MetaTrader.
Visit the Galileo FX product page to start trading automatically!