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You can now follow my Galileo Trading System in Zulutrade, where it is found as galileoiii.
I named it Galileo III to distinguish it from the results of Galileo II, the version of Galileo I am trading with my American Eagle FXManager Account.
Galileo III is the Zulutrade version of Galileo II and it is different for the following reasons:
- TIMING OF ENTRIES
In my FXManager account, my broker allows me to enter trades during the weekend. In my Zulutrade trades, I have to wait until the market opens on Monday before I can enter trades.
- TRADE SIZES
In Zulutrade, Galileo's performance is tracked by an independent broker which assumes that I trade my signals with one constant lot size. To date, the tracking mechanism assumes that for every trade I trade a mini-lot (10,000 units) for every trade I make.
In my FXManager account, I trade with varying trade sizes depending on the following:
- - Units required to make a pip movement equal to a dollar: I trade more for pairs that do not move a lot. I trade less for pairs that move a lot.
- - My confidence levels depending on the strength of my signals. The stronger the signals, the bigger my trade size. The weaker the signal, the smaller my trade size.
- MINIMUM LOT SIZES
Witth my FXManager account I can have a lot size as little as 1 unit of a currency pair! Like I mentioned above, in Zulutrade, my lot sizes are assumed to be a constant 10000 units each time I trade.
As a result of these differences, the performance of the two accounts might vary, although I am guessing that in the long run, they might actually turn out to be the same because the cause for the differences are constant and therefore, the differences will cancel themselves out over time.
>> To follow my trades in Zulutrade, visit Zulutrade.Com and look for galileoiii.
Please note: It might take a few days after this post for it to be searchable.
Last Updated ( Tuesday, 30 June 2009 14:15 )
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