Galileo FX is the system that manages orders on the real market. The presentation includes details and features about the system and its possible ways to trade on the market.
Galileo FX trading strategy
- The presentation doesn’t reveal details about the strategy.
- We can work with Silver according to trading results.
- The time frame wasn’t mentioned.
Galileo FX backtesting report
The system was tested on the seven-day data in 2021. Using insane risk, the system could manage to generate 33.75% of the profits. The maximum drawdown was 7.09%.
There were 157 deals executed with 3530 pips gained. An average win was 28.83 pips when an average loss was -42.36 pips. The win rate for longs was 97% and for shorts 84%. It had a solid profit factor of 6.55.
Galileo FX live results
The developers removed their real account, but we could manage to take screenshots before this happened. Galileo executed orders on a real IC Markets account with 1:500 leverage. The platform was cTrader. The account had a verified track record and verified trading privileges. It was created on October 04, 2020, deposited at $2,186, and withdrawn at $1,987. The total gain has amounted 824.74%. An average monthly gain was good–24.29%. The maximum drawdown was 21.57%.
The system performed 1636 orders and generated 15,124 pips. An average win was 12.57 pips when an average loss was -8.88 pips. An expected win rate lied between 80% for shots and 87% for longs. An average trade length was 14 hours and 46 minutes. The profit factor was 4.44.
The advisor was focused on managing orders on XAGUSD (1629 deals).
It worked with acceptable risks to the balance.
The developers decided to hide the column with lot sizes.
The system provided various profits over half a year ago. It looks odd that the trading account was stopped and removed from Myfxbook.
Some features of Galileo FX
There are various features explained in the presentation provided in the following list.
- We can work with the system on the market automatically.
- It’s possible to work with any broker house.
- We should work with $1000 on the balance to start smoothly.
- The system can be used quickly after downloading,
- The developers provide 24/7 support.
- It will receive updates and upgrades.
- The system works completely legally.
- It will protect our orders with relevant stop loss levels.
- There are features such as Jumping Stops, Break Evens, and others.
- The system is already well-customized.
- We can work on Micro, Mini, And Standard account types.
- It has to be tried on a demo account before using it on a real market.
- We are allowed to customize risks.
| Total return | 823.74% |
| Maximal drawdown | 21.57% |
| Average monthly gain | 24.29% |
| Developer | N/A |
| Created, year | 2020 |
| Price | $199, $499, and $899 |
| Type | N/A |
| Timeframe | N/A |
| Lot size | N/A |
| Leverage | 1:500 |
| Min.deposit | N/A |
| Recommended deposit | N/A |
| Recommended brokers | N/A |
| Currency pairs | XAGUSD |
| ECN | Yes |
Main things to consider if you invest with Galileo FX
Automatic trading
The advisor will trade for us on our account. We may check its performance to be sure that everything is alright.
Past trading results available
Galileo FX had a real account where the system performed profitably, but something happened and the account was removed.
Official Galileo FX website
The presentation includes information about how the system works. Alas, it lacks of proof of the current trading activities and profitability.
Pricing details
The pricing allows us to subscribe for $199.95. We are limited to $1000 profit monthly. The next price is $499.95. The limit is $5000 profits monthly. A pack without restrictions costs $899.95. The offer is absolutely overpriced.
Other notes
We have various testimonials published on the Trustpilot page. There are 2205 reviews published with a 4.8 rate.
There are plenty of negative testimonials published where people weren’t satisfied with the quality of signals.