The Galaxy X EA follows a simple strategy based on Support and Resistance levels. It follows 4 currency pairs, namely EUR/USD, GBP/USD, AUD/USD and USD/CAD. It uses a trade replicator to execute trades on your MetaTrader 4 (MT4) platform.
Galaxy X expert advisor essentials:
- Based on S & R algorithm
- Tight Stop Loss
- Trades last between 30 mins and 12 hours
- 1-10+ trades a day
- Uses 5 Minute chart to pick up short term movements
- Strategy 1: Trend Following
- Strategy 2: Counter Trend Trading
Let’s see how it performs in the lab…
Test 1: Vendor Strategy Testing
2001-2011 Strategy Test results using Trend Following Strategy on EURUSD pair and starting capital of $1000.
2001-2011 Strategy Test results using Counter Trend Trading strategy on EURUSD pair and starting capital of $1000.
Currently running the Galaxy X EA on Alpari UK, testing started on 4th April 2012. Current results are as follows:
| Current Floating Profit ($) | Total Balance ($) | |||
| 0.00 | 4851.69 | |||
| View our Galaxy X Demo Test Statement | ||||
Lab Result:
Numbers along the bottom of the graphs of the 5min chart used above and in the videos are counting the numbers of 5 minute segments that have passed (right?). So 4140 divided by 12 = number of hours (345) and 345 divided by 24 = number of trading days (14.375 days). Yet it’s claimed to represent a year’s trading of Galaxy X??????
Hi James,
The numbers along the bottom of the backtest represent the number of trades, not the number of 5 minute segments.
Hope this helps!