Galileo FX complete calibration video

Introduction

This tutorial provides a comprehensive guide to calibrating the Galileo FX strategy tester, which is essential for analyzing trends, setting time frames, and optimizing your strategy settings. By following these steps, you'll enhance your trading effectiveness and make informed decisions based on data.

Step 1: Access the Strategy Tester

• Open the Galileo FX platform.
• Navigate to the strategy tester section.
• Ensure you have the necessary permissions and that your account is properly set up.

Step 2: Set Up Your Parameters

• Choose the asset you wish to test:
  • Select from available currency pairs or commodities.
• Define the time frame:
  • Options include M1, M5, M15, H1, H4, D1. Choose based on your trading strategy.
• Specify the testing period:
  • Set the start and end dates for the data you want to analyze.

Step 3: Configure Testing Settings

• Adjust the settings for your strategy:
  • Set stop loss and take profit levels according to your risk management strategy.
  • Fine-tune the lot size based on your account balance.
• Consider using different settings for various market conditions.

Step 4: Run the Backtest

• Click on the 'Start Test' button to execute the backtest.
• Monitor the progress and ensure there are no errors during the process.
• Take note of any warnings or issues that may arise for troubleshooting.

Step 5: Analyze the Results

• Review the output from the strategy tester:
  • Look for key metrics such as total profit, drawdown, and win rate.
• Compare results against different parameter settings:
  • Adjust your settings based on performance to optimize results.

Step 6: Make Adjustments

• Based on the analysis, refine your strategy:
  • Modify parameters that led to poor performance.
  • Test new configurations to find the most effective combination.

Conclusion

By following this step-by-step guide to calibrate the Galileo FX strategy tester, you can systematically analyze and optimize your trading strategies. Regularly revisiting these steps will keep your strategies tuned to market conditions and improve your overall trading performance. Consider documenting your findings to track progress over time and enhance future decision-making.