Market / MetaTrader 4 / Experts /

FrankoScalp

100 USD

Demo downloaded: 12 708

Published: 2 August 2016

Current version: 3.9

FrankoScalp

3.81

Experts
Konstantin Kulikov
Version: 3.9
Updated: 7 April 2023
Activations: 10

Congratulations! You have come to the page of the longest running Expert Advisor on the Forex market!

For more than 5 years, this expert has been at the hearing and in various tops.

On any Forex forums you can find discussion topics for the "FrankoScalp" expert, but only on mql5 you can buy the original updated version of the expert, as well as get in touch with the author and get into the friendly "FrankoScalp" user community.

Purchase details

When you buy an expert, you get it forever (all updates are free), but you have 10 activations. This means that you can use it on 10 computers (or VPS). The number of trading accounts and terminals is unlimited.

A bit of history

In 2012 I plunged into the world of Forex, in 2015 I completely concentrated on automated trading systems, in 2016 I published my first EA - "FrankoScalp".

A couple of years later, a version for MT5 appeared, completely identical to the MT4 version.

The secret of longevity EA "FrankoScalp"

First, let's face it, you won't buy a "money-printing machine" for either $100 or $10,000. This is hard to admit, but necessary in order to stop being disappointed and to work comfortably in Forex (and similar areas). Any Expert Advisor is a trading system with both periods of profit and periods of losses. During periods of loss, most Expert Advisors cease to be supported by their authors, since it is more profitable from a commercial point of view to release a new Expert Advisor, because of this, users become owners of trash and buy new Expert Advisors.

EA "FrankoScalp" is updated during drawdowns and receives new sets of settings, so many users have been using "FrankoScalp" for the 5th year already. Have you ever used a bot that you bought 5 years ago? But this is not the limit. The Expert Advisor has been regularly updated and will be supported all the time while I am in the Forex field. Old sets are periodically corrected + new sets appear, so the EA will not turn into trash and will not be forgotten after a drawdown.

About strategy

Primary sets are scalping in quiet times (outside the news), taking into account many nuances, based on the analysis of work on real accounts. Each trade is limited by a Stop Loss, so these sets are suitable for conservative trading (grid or martingale methods are not used).
Modified sets - these are sets for those who like "hot". Instead of Stop Loss, averaging positions are used, i.e. the grid and martingale methods are used. Therefore, these sets are suitable for aggressive trading, however, since these sets are based on "Primary sets", in more than 95% of cases, the first trade is closed successfully without an averaging position. This allows these sets to be stable with a moderate amount of risk.
Currency pairs for which the sets have been developed: USDCHF, EURCHF, CADCHF, USDCAD, EURUSD, EURGBP, EURAUD, EURCAD, GBPUSD, GBPAUD, GBPCAD, NZDCAD, NZDUSD, AUDUSD, AUDCAD, AUDJPY, CHFJPY, USDJPY, EURJPY, USDSGD.

Expert setup

Download the latest archive of settings: https://www.mql5.com/en/blogs/post/747929

Primary sets are in the "Without GridMartin" folder.
Modified sets are in the "With GridMartin" folder.

The expert works the same on any timeframe, as it automatically takes the necessary data from multiple timeframes. (Back-testing is recommended on the M1 timeframe.)
In order to activate the News filter function, enable "Allow WebRequest" and add news site to the URL list in the terminal settings.

Click Tools > Options > Expert Advisors. Check the option "Allow WebRequests for listed URL:". Add this (delete the space): https:// ec.forexprostools.com/

Check the correctness of EA time autotune using the information in comment #2010.
The adjustment of the trading lot calculation is described in comment #2017.
After setting up, you can send me a screenshot of your terminal for check, it is also possible to check via a remote desktop (teamviewer).
The full list of the EA parameters can be found in the blog: https://www.mql5.com/en/blogs/post/689512.

P.S. Pay attention to the useful information in my profile: https://www.mql5.com/en/users/test-standart

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1468

Epsilon Hogas 2023.03.21 06:18 #

Author support to his product is one of the best I could find in the market, and it got some up and down in the period and didn't blow my account with some net growth, I am grateful with it

144

lolodeth 2022.09.23 08:57 #

At this moment, only Konstantin have EA to win in real. Always update it's necessary for the good quality of EA and satisfaction of customers. Never again i buy EA only signal on demo account or just backtest in sale page, only signal on real account. Thank you Konstantin.

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Ardjuna 2021.11.05 15:13 #

Hi.... Traders, this is one of the best expert I have tried so for, I have been testing for months to see how was the strategy works, and how smart the expert in calculating the markets movement before entering the market. The result... ?my balance real account increase significant and always in positive zone.... you guys should need to have these experts. The experts have a very good accuracy when deciding to enter the market. In addition, the Author is a really nice man, and he always happy to help if you guys have any problems for the experts.

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Oracle Trading Expert the Quintessence of Modern Programming Technologies Expert Oracle for MetaTrader, trading on GBPUSD and Gold, represents the quintessence of modern programming technologies. Our unique proprietary methods and developments are based on advanced machine learning concepts, making our trading expert truly one-of-a-kind. We offer cutting-edge modules and neural architecture that embody innovative advancements in financial programming. Our algorithms rely on in-depth data analysi

1 000 USD

Price reduced for 7 days to $147 Then the price will be $230 PowerFul 1 Min Scalping System - Automatic Robot Scalper for Trade on the XAUUSD currency pair (the robot trades in other currency pairs, but gets the best results in gold). Recommended time periods M5 . The minimum initial balance is from $ 500. This robot automatically determines the points of price turning and sets several deferred orders in the likely future direction of the trend. If the price does not unfold in the right directi

147 USD

Launch promo! Only a few copies left at 399$! Next price: 499$ Final price: 999$ MT5: https://www.mql5.com/en/market/product/107337?source=Site+Profile+Seller More analytics: https://www.mql5.com/en/blogs/post/756452 For more top Expert Advisors and Indicators, visit: https://www.mql5.com/en/users/lothimailoan/seller I am Los, please subscribe to receive more updates: https://www.mql5.com/en/users/lothimailoan/news US30 Scalper EA is a next-generation scalping robot developed by a h

393 USD

This system was developed to work with a large number of sets and after a certain time it showed itself well when working at the close of trading on Friday. As a result, this direction of trading became the main one for working with this Expert Advisor. There are 25 actual sets for different currency pairs, as well as a profile for quick setup . You can analyze the statistics of the Expert Advisor for different currency pairs using my signal. Evaluate statistics on a live signal , as the strateg

100 USD

Present to you the useful robot that I have been using for several years. It can be used in both semi-automatic mode and fully automatic mode. The program contains flexible settings for trading on the news of the economic calendar. It cannot be checked in the strategy tester. Only real work. In the terminal settings, you need to add the news site to the list of allowed URLs. Click Tools > Options > Expert Advisors. Check the option "Allow WebRequests for listed URL:". Add this (delete the spa

97 USD

100 USD

Congratulations! You have come to the page of the longest running Expert Advisor on the Forex market! For more than 5 years, this expert has been at the hearing and in various tops. On any Forex forums you can find discussion topics for the "FrankoScalp" expert, but only on mql5 you can buy the original updated version of the expert, as well as get in touch with the author and get into the friendly "FrankoScalp" user community. Purchase details When you buy an expert, you get it forever (all

100 USD

97 USD

Hello algo traders. This Expert Advisor can be considered the apogee of my activity in Forex. I managed to apply all my knowledge to the development of this trading system. The Expert Advisor trades on gold (XAUUSD), any timeframe (the same on any TF), the initial account balance is from $50. The following presets are available "GS default SL 001for100" (same as default settings). Each position has several closing logics, including a hidden StopLoss, which is calculated individually for eac

100 USD

The utility places virtual (hidden from your broker) trailing stop, breakeven, stop loss and take profit.‌ It is necessary to allow automated trading in the terminal settings. In testing mode, the utility opens Buy or Sell positions on the first ticks, which allows you to visually observe the given logic, changing the utility parameters. In real mode, the utility does not open positions. Parameters magic - magic number. If less than 0, positions with any magic number are tracked. only_this_sym

30 USD

This EA trades a weekly gap, opening trades on the Friday before the market close and closing trades on Monday morning. This strategy do not contain grid and martingale elements. I have been using this strategy for a long time with my "Breakthrough Strategy" EA. I intentionally did not over-optimize the sets for "Breakthrough Strategy", as they have been showing good results for a long time on a real account: https://www.mql5.com/en/signals/395124 . Therefore, as an alternative or addition to

97 USD

Hello friends. I wrote this utility specifically for use in my profile with a large number of Expert Advisors and sets ("Joint_profiles_from_grid_sets" https://www.mql5.com/en/blogs/post/747929 ). Now, in order to limit losses on the account, there is no need to change the "Close_positions_at_percentage_of_loss" parameter on each chart. Just open one additional chart, attach this utility and set the desired percentage for closing all trades on the account. The utility has the following fu

FREE

100 USD

FREE

The expert trades at the opening of the market after the weekend, focusing on the price gap (GAP). Already developed sets are in the comments. At the same time, various options are available in the expert settings, allowing you to create your own unique sets yourself. Download settings (sets): https://www.mql5.com/en/blogs/post/747929 Currency pairs for which the sets have been developed: GBPUSD, AUDUSD, NZDUSD, USDCAD, EURGBP, EURCHF, GBPCAD, GBPAUD, AUDCHF, AUDJPY, AUDNZD, CHFJPY, CADJPY,

100 USD

The utility places stop loss and take profit for opened orders. It is necessary to allow automated trading in the terminal settings. Parameters magic - magic number. If less than 0, orders with any magic number are processed. only_this_symbol - only chart symbol. If false , orders of any symbols are processed. Take_Profit - take profit (TP). If the value is less than 0, then TP does not change. If the value equal to 0, TP is nullified (removed); Stop_Loss - stop loss (SL). If the value is less t

FREE

30 USD

Tracking positions using trailing on the Parabolic SAR indicator. It is necessary to allow automated trading in the terminal settings. In testing mode, the utility opens Buy or Sell positions on the first ticks, which allows you to visually observe the given logic, changing the utility parameters. In real mode, the utility does not open positions. Parameters magic - magic number. If less than 0, positions with any magic number are tracked. only_this_symbol - only chart symbol. If false , posi

FREE

Hello everyone, this is another utility that I wrote specifically for users using my profile with a large number of experts and sets ( https://www.mql5.com/en/blogs/post/750723 ) . This utility is useful for working with a profile using grid strategies (averaging and martingale). As we know, such strategies periodically fall into a large drawdown and you need to be careful when opening averaging positions (do not open too many). In my profile, I use a limit of 3 positions for each EA, if this w

FREE

This utility allows to record the spread value to the file, which is equal to or greater than the value specified in the settings, at the specified time. The utility also displays useful information on the symbol's chart: current spread value in points, name of account holder, name of trading server, leverage, the size of the swap for buy orders, the size of the swap for sell orders, day of the week for accruing triple swap, the size of a point in the quote currency, the minimum allowed level of

FREE

The utility places trailing stop, breakeven, stop loss and take profit.‌ It is necessary to allow automated trading in the terminal settings. In testing mode, the utility opens Buy or Sell positions on the first ticks, which allows you to visually observe the given logic, changing the utility parameters. In real mode, the utility does not open positions. Parameters magic - magic number. If less than 0, positions with any magic number are tracked. only_this_symbol - only chart symbol. If false

30 USD

100 USD

97 USD

Filter:

160

Teuling 2023.04.04 12:25 #

Hi francoscalp worked al long time for me but since end januari I have a lot of losses. I use the settings with stoploss.

24308

Reply from developer Konstantin Kulikov 2023.07.06 13:01 #

Hi! The GBPAUD set is out of order, the settings have been updated: https://www.mql5.com/en/blogs/post/747929

1468

Epsilon Hogas 2023.03.21 06:18 #

Author support to his product is one of the best I could find in the market, and it got some up and down in the period and didn't blow my account with some net growth, I am grateful with it

144

lolodeth 2022.09.23 08:57 #

24308

Reply from developer Konstantin Kulikov 2022.09.23 16:30 #

Thank you very much)

475

Kevin 2022.05.30 19:22 #

Hello, I've rented it for a month. I'll try it out first. Can you add a telegram group?

24308

Reply from developer Konstantin Kulikov 2022.05.31 19:56 #

Of course, I answered in a comment and in a private message.

252

Ardjuna 2021.11.05 15:13 #

467

zhouhfdzpt11 2021.11.02 09:20 #

It has been used for two months, a cost-effective EA, the author is also a professional and responsible person, and will help you at any time if you encounter difficulties.

410

Anton Goldberg 2021.10.08 12:29 #

Советник работает на все 100%. Разработчик отзывчив к покупателями, что отлично подходит для построения отношений, основанных на доверии. Рекомендую всем данный продукт!!!

668

Danny Jacques 2021.09.12 14:46 #

User didn't leave any comment to the rating

644

iccapital 2021.03.22 00:48 #

Ea always reevaluated. Good work

150

Edward Fx 2021.03.03 21:17 #

I've been using Franko Scalp since 2019 February.

At that time, I know nothing about forex and was very lucky to start with this product.

The big plus with FrankoScalp is the amount of effort that the author to keep up with market condition.

The amount of support that he's given to this product is stellar.

Yes, if you look at the surface that the product seems not doing well,

however, you can pick and choose on which the instruments and broker to maximize profitability.

A small tips:

1. Use VPS.

The delay in execution might be the difference between win and losing.

2. Get the MT5 version, at the time of my purchase, MT5 doesn't exists.

However, in the chat group, MT5 beats MT4 most of the time.

3. Join the telegram. You will learn many more about which pair to take, on which broker that FS works best and others.

Admins are very helpful of giving warning on when to stop the EA due to market condition.

Spent 5 mins a day to get extra profitability, why the heck not.

4. Always test the new setting with 0.01 and figure out whether it works for your condition.

Konstantin is great with creating new opportunities.

However, always test and verify whether it works with your setup.

Cons:

1. You would need to spend effort figuring out what's best for you.

But once that setup, it takes little effort to maintain it.

Do follow the documentation to the tee and use the available resources or even contact the group in telegram.

The group is super helpful on getting you up to speed.

1709

Mark Taylor 2021.03.02 17:26 #

This scalper is great if you don't want to code your own, lots of settings to play with so you can optimize to most any market condition.

138

NikoSeneca 2021.03.02 12:14 #

Great support after many years. It keeps improving day after day!

191

Vladimir Stronskiy 2021.02.24 08:57 #

Excellent support for all products. The author is constantly improving his advisors. I'm happy with the work so far!

154

GalaxyFund 2021.02.24 08:25 #

Very promising system, 5 stars!

253

sed351 2021.02.23 19:02 #

I recently bought this expert, so it’s still hard to say anything specific. So far, the results are positive. However, I can rate the author of this product as a very responsible, friendly, and understanding person.

303

Ye Yang 2021.02.23 00:27 #

It's profitable in the long run

938

Patrick McCarthy 2021.02.22 10:44 #

I've had mixed results so far since November. I've been a small bit unlucky as it hasn't been a good few months overall for Franko. But I'm hoping it to be very good in the long run. There is excellent support from the Telegram page, the administrators and the author are very helpful and available

2686

Xiaolei Lu 2021.01.20 14:25 #

Very solid EA! And very niccce author! I cant appreciate more!

506

Orwa Kerdiea 2021.01.16 12:52 #

Lose more than interest. Too expensive for the expected result

24308

Reply from developer Konstantin Kulikov 2021.01.16 13:30 #

There were no losing trades this year ( https://www.mql5.com/en/market/product/17470#!tab=comments&page=101&comment=20210815 ). You need to make sure that you are using my sets/profiles in the settings. You can always contact me in a personal message.

324

azers 2020.12.03 23:44 #

User didn't leave any comment to the rating

1 2 3 4 5 6 7

Version 3.9 2023.04.07

The news site is back up and running.
Added the ability to skip trading with a triple swap (Skip_Triple_Swap_Rollover = true).

Version 3.8 2022.04.16

Fixed a bug in the calculation of "Multiplier_of_Min_minutes_pause" and "Multiplier_of_Min_pips_between_positions" parameters.
This update does not affect sets and profiles, the settings remain the same.

How to update in order not to reset the settings of Expert Advisors on open charts.
1) Save your current profile (tab "file" -> "profiles").
2) Switch to another profile (for example, the default profile).
3) Update the experts in the terminal (via the market).
4) Open your profile (saved in step 1).
This can be done even if you have open positions.

Version 3.7 2022.02.16

Fixed news filter.

Version 3.6 2022.02.13

The following has been added to the EA parameters.
1) Skip American holidays in the news filter - "Skip_American_Holidays".
2) Time not to close deals. The time at which only real TP and SL are valid.
Use_Not_Closing_Time;
Not_Closing_Hour_GMT;
Not_Closing_Minute_GMT;
Period_Not_Closing_in_minute;
By default, these parameters set the rollover hour time, so if you want to use it, then just Use_Not_Closing_Time=true.
3) Do not open deals on new currency pairs if there are 2 deals or more for some pair (you can set any number of deals): Total_deals_for_one_symbol_so_as_not_to_open_new_symbol = 2.

Version 3.5 2021.12.04

◾Total_first_deals_of_line_magics_for_one_symbol - the maximum number of open positions for the current symbol with magic numbers from "Line_Magics"; valid for values greater than 0; this parameter limits the opening of the first position and does not limit the opening of averaging positions.
◾Total_first_deals_of_line_magics_for_all_symbols - the maximum number of open positions for all symbols with magic numbers from "Line_Magics"; valid for values greater than 0; this parameter limits the opening of the first position and does not limit the opening of averaging positions.
◾Line_Magics - line of magic numbers of positions; if empty, then the number of open positions is calculated for all (any) magic numbers.

Version 3.4 2021.01.11

Fixed access bug version 3.3

Version 3.3 2021.01.11

Updated link for news filter.

Version 3.2 2020.10.17

An additional strategy with flexible parameter settings has appeared.

On/Off_Flexible_Strategy - a strategy with flexible configuration of parameters (Analysis_in_minutes, Entrance_Level, Exit_Level);
Comment_F - comment for "Flexible_Strategy";
Magic_F - magic number for "Flexible_Strategy";
Analysis_in_minutes - the number of minutes to analyze "Entrance_Level" and "Exit_Level" (value range: from 15 to 240);
Entrance_Level - "entry level" (value range: from 0 to 12); the more, the more stringent conditions for opening a position (the fewer positions);
Exit_Level - "exit level" (value range: from 0 to 12); the more, the more stringent conditions for closing a position (the positions are open longer);

Additional parameter for the "Grid" mode.
Close_positions_at_percentage_of_loss - percentage of floating loss from the balance at which all positions are closing; 0 - disabled;

Some parameters have been renamed.

Version 3.1 2020.07.13

Code optimization, full copying from MT5 version to eliminate possible differences in trading by EA.

Version 3.0 2020.05.08

1) Martin parameters added: Use_Grid_mode, Multiplier_of_trade_Lot, Signal_Only_for_First_Transaction.
2) Added HighLow filter.
3) The Minimum_Duration_for_deals parameter has also been added, allowing you to choose which positions the Minimum_Duration_of_deal_in_seconds parameter will apply to.
4) Some old parameters are changed or renamed.

Version 2.9 2019.11.22

1) Added parameter:
"Total_open_for_Buy_and_Sell" - if Total_open_for_Buy_and_Sell=false, then Total_open_transactions is applied separately for Buy transactions and Sell transactions.
Examples:
If Total_open_transactions=1 and Total_open_for_Buy_and_Sell=false,
it is possible to open one BUY transaction and one SELL transaction at the same time.
If Total_open_transactions=1 and Total_open_for_Buy_and_Sell=true,
it is possible to open only one transaction.

2) The news history for the strategy tester replaced by 2019 ("NewsFilter").

Version 2.8 2019.04.30

1) Added the parameter "Close_Loss_only_by_SL" - closing of negative trades only by StopLoss (virtual or real).

2) The news history for the strategy tester is updated until May 19, 2019 ("NewsFilter").

Version 2.7 2019.01.25

1) Added another type of calculation of the volume of trading lot.

2) The news history for the strategy tester is updated until January 26, 2019 ("NewsFilter").

Version 2.6 2018.12.05

1) Optimization for the main currency pairs: EURUSD, GBPUSD, USDCAD, USDJPY, AUDUSD, NZDUSD.

2) The news history for the strategy tester is updated until December 31, 2018 ("NewsFilter").

3) New parameter: Minimum_Pips_at_Profit - the minimum number of profit points for closing a positive transaction.

Version 2.5 2017.11.21

1) "multiplier_of_trade_lot_for_opening_of_week" - lot multiplier for the EA trades during the market opening on Monday. (To reduce the risks, as this is the most unpredictable time.)
2) The log file with the EA operations ("Record_in_txt") can now be viewed at a time other than the time the EA is allowed to trade and when there are no trades opened by the EA. Without changing the "Record_Deals" parameter to "false", as before.
3) The history of news for the strategy tester is updated to November 14, 2017 ("NewsFilter").

Version 2.4 2017.10.12

1) News archive till October 7, 2017 is added.
2) The option allowing to note jumps of spread on a chart.

Version 2.3 2017.08.25

Parameters made more convenient for optimization.

Version 2.2 2017.07.17

1. Additional parameter in the filter of news: "AllSpeaks".

2. The parameter limiting the minimum transaction lifetime: "not_close_transaction_number_second".

3. In the AUTO_PARAMETERS mode, it is possible to change all the parameters in the "Common Parameters" block.

4. Downloaded the news archive (1/1/2015 - 7/10/2017) for testing with the news filter enabled.

Version 2.1 2017.06.09

1) Protection against gaps.
2) Skipping holidays.
3) Field for entering currencies in the filter of news.
4) Skipping the beginning and end of month.

Version 2.0 2017.05.03

1) Block of parameters: "News Filter";
2) block of parameters: "Trailing Stop";
3) additional filter on an entrance to the transaction: "add_filter_of_entrance";
4) option of alternative settings at the included mode "AUTO_PARAMETERS": "Alternative_Set_at_AUTO".

Version 1.9 2017.03.03

1) Additional options in the AUTO mode for quick control.
2) Ability to close a profitable transaction at any spread.
3) The internal improvements to prevent the EA incorrect operation in emergency.

Version 1.8 2017.02.10

1) Improved the additional algorithm for closing transactions "use_Close_Analysis_Time=true".
2) Added the ability to select the trading direction (Buy or Sell).

Version 1.7 2017.01.24

1) Internal optimization not related to trade logic.
2) Parameters of the maximum spread can be changed if AUTO_PARAMETERS=true.

Version 1.6 2016.12.22

1) Functions regulating the opening of new orders relative to the already open orders.

2) The recommended currency pairs: EURCHF, USDCHF, GBPCHF, EURCAD, CADCHF, GBPCAD.

Version 1.5 2016.12.06

1) Added ability to close open positions using FIFO rule; First In First Out. All positions that are opened within a particular currency pair are closed in the order in which they were originally opened.
2) Added option to record the EA information (opening/closing of positions), to a file for future analysis.
3) Ability to set a custom maximum opening spread and closing spread for BUY and SELL positions.
4) When back testing, a custom date can now be assigned for the beginning and end of DST (Daylight Savings Time) for more accurate back testing results.
5) Added the ability to limit open positions in time.

Version 1.4 2016.10.24

1) Added the ability to set GMT_Offset based on the local computer time.
2) Added the ability to set the pause in the time interval for opening orders.

Version 1.3 2016.09.26

1) Optimization for the following currency pairs is performed: EURJPY, USDJPY, EURAUD, AUDUSD.
2) The number of strategies is increased (more transactions).
3) Magic numbers and comments to strategies can now be set manually and in the AUTO mode.

Version 1.2 2016.09.06

1) Strategy 2 and strategy 3 for currency pairs are optimized: EURGBP, EURCAD, USDCAD, GBPUSD, EURUSD.
2) Parameters are divided into two blocks for simplicity of setup:
◾MANUAL_PARAMETERS - block of parameters to be filled manually;
◾AUTOMATIC_PARAMETERS - block of parameters recommended to be set automatically (AUTO_PARAMETERS = true).

Version 1.1 2016.08.19

Parameter is added: Use_safety_SL_and_TP - on/off use of safety Stop Loss and Take Profit for restriction of losses, in case of switch-off of the terminal for the long time (for those who aren't confident in the VPS server).
Safety_StopLoss = 2*StopLoss, Safety_TakeProfit = 1.2*TakeProfit.