Does Galileo FX actually make money? +

Backtest shows 32.7% monthly (Jan-Mar 2022, 5-minute timeframe) and live test achieved 11.57% monthly (Mar-Jun 2024, 30-minute timeframe). However, the live test experienced 57.41% drawdown with $8,000 capital during volatile conditions. With proper $500-1,000 per 0.1 lot and slow/fast mode, typical results maintain 8-15% monthly with 15-25% drawdown. Past performance does not guarantee future results—slippage, spreads, and broker execution significantly impact live outcomes vs. backtest.

What are the main risks with this EA? +

High drawdown risk 25-57% if undercapitalized or using aggressive mode without monitoring. Consecutive signals strategy can trigger multiple losing positions during choppy/ranging markets (5-10 losses before trend confirmation). Not suitable for accounts under $500 due to margin requirements. Major news events (NFP, FOMC) cause spike-induced stop loss hunting. Broker spreads >3 pips erode profits significantly on M5 timeframe scalping. Requires 2x daily monitoring in fast/aggressive modes—not true set-and-forget. Mitigation: Use slow mode with 0.5-1% risk, $1,000+ capital, news calendar awareness, and ECN brokers with <2 pip spreads.

Does Galileo FX use martingale or grid strategies? +

No—Galileo FX does NOT use martingale (doubling lots after loss) or grid (fixed interval orders). It uses fixed or dynamic lot sizing based on equity percentage with customizable max orders (0 = unlimited, or set 2-5 max concurrent). Each trade has independent stop loss and take profit. Unlike martingale systems that risk exponential account wipeout, this EA's risk per trade remains constant at 0.5-2% of equity (user-defined). However, multiple concurrent losing positions can still compound drawdown to 25-57% if signals align incorrectly during ranging markets.

What is the minimum deposit required? +

$100 tested minimum but extremely high risk (potential 100% loss during drawdown). Recommended $500-1,000 for safe operation with 0.1 lot sizing. Formula: $500 per 0.1 lot to maintain 15-25% drawdown tolerance. Below $500, margin calls likely during 5+ concurrent losing trades. With $100, single 0.01 lot trade risks 5-10% per position—consecutive losses = account wipeout. Prop firm challenges (FTMO $100k accounts) require $500-1,000 demo validation to confirm settings before live capital risk.

Which brokers are compatible with Galileo FX? +

All broker types compatible (ECN, STP, market maker) but performance varies significantly. Requirements: Spread <3 pips on major pairs (EUR/USD, GBP/USD), execution speed <50ms, leverage 1:100 minimum (1:500 preferred). Recommended brokers: IC Markets, Pepperstone, FBS, Exness (ECN accounts with 0.5-1.5 pip spreads). Avoid: High-spread brokers >5 pips (eats profits on M5 scalping), brokers prohibiting EAs in TOS, or brokers with frequent requotes/slippage >2 pips. Test on demo 30+ days with your broker before live—spread/execution differences can turn backtest profits into live losses.

What is your refund policy? +

Yes - 7-day refund policy applies. Request refund within 7 days of purchase if EA doesn't meet expectations. Refunds processed for: technical issues preventing installation, EA not functioning as described, or dissatisfaction with performance after demo testing. Not eligible: Live account losses (all EAs require demo validation first), broker incompatibility (test demo before purchase), or after 7-day window. See full terms on delivery-refund page. Recommendation: Always demo test 30-60 days before risking live capital—refund policy protects purchase decision, not trading results.

How do I validate Galileo FX safely before live trading? +

Step 1: Run on demo account with realistic capital ($500-1,000, not $10k) for minimum 60 days covering trending + ranging markets. Step 2: Track these metrics—monthly return (target 8-15%), max drawdown (accept if <25%), win rate (expect 60-75%), largest losing streak (prepare for 5-10 losses). Step 3: Compare to backtest Input 2 data—if live demo shows >10% worse performance (e.g., backtest 32% monthly but demo 18%), investigate broker spreads/execution. Step 4: Test slow mode first (lowest risk), then fast, never start with aggressive. Decision criteria: Proceed to live only if demo matches backtest within 20% variance AND max drawdown stays <30%. If demo fails these thresholds, adjust settings or request refund within 7-day window.

How do I get support if I need help? +

Telegram support: https://t.me/+3me9tRsrkc5MjZl (primary channel, 2-hour response time during business hours). When requesting help, include: MT4/MT5 version + build number, broker name, account type (demo/live), screenshot of EA inputs tab, screenshot of error message or journal log, description of issue (installation, trades not opening, unexpected behavior). Support covers: installation assistance, settings optimization guidance, technical troubleshooting, broker compatibility questions. Support does NOT cover: trading losses (risk inherent to forex), broker-side issues (contact broker directly), strategy modification requests (use custom mode for adjustments). Average response time 2 hours Mon-Fri, 24 hours weekends.