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FrankoScalp

3.85
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 5 activations. This means that you can use it on 5 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
Reviews 20
Epsilon Hogas
1406
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

lolodeth
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.

Ardjuna
252
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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Aura White Edition   is unique Expert Advisor that continues the Aura series of advisors. The Expert Advisor is based on the engine of   Aura Black Expert Advisor , but with a number of changes and author's settings for currency pairs. Innovative methods of the programme's approach to trading, and promising performance results are possible thanks to the use of modern technologies and methods. Aura White Edition is a fully automated EA designed to trade currencies only. Working pairs EURUSD, GBPU
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Lachezar Krastev
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SHOCK DEAL! --> BUY Forex GOLD Investor with -$260 OFF and GET a BONUS EA: Trend Matrix EA (or EA by your choice)! <-- SHOCK DEAL! NOTE: Forex GOLD Investor PROMO price: $237 (The next price $497) - The offer ends soon! Click here to read more about Trend Matrix EA and the SHOCK DEAL promotion!   Forex GOLD Investor Signal Account:  https://www.mql5.com/en/signals/1510678 Forex GOLD Investor is one of the best expert advisors developed to trade on GOLD(XAUUSD) in the forex market. Forex GOLD In
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Profalgo Limited
4.18 (11)
Launch promo! Only a few copies left at 449$! Next price: 599$ Final price: 999$ Get 1 EA for free (for 2 trade accounts) -> contact me after purchase Ultimate Combo Deal -> click here New live signal:   https://www.mql5.com/en/signals/2084890 Live Signal Set Prop Firm Set JOIN PUBLIC GROUP:   Click here Parameter overview Gold Trade Pro joins the club of Gold trading EA's, but with one big difference: this is a real trading strategy. What do I mean with "real trading strategy"?  As you p
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Artem Minchuk
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Delving deep into the sphere of finance and trading strategies, I decided to conduct a series of experiments, exploring approaches based on reinforcement learning as well as those operating without it. Applying these methods, I managed to formulate a nuanced conclusion, pivotal for understanding the significance of unique strategies in contemporary trading. Neural network advisors, despite showcasing impressive efficiency in the initial stages, proved to be highly unstable in the long run. Vario
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Fanur Galamov
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Price reduced by 25%!  Limited offer. Tomorrow price back to regular value  --> $249. Diamond PRO is enhanced powerful version of Diamond for advanced traders. Pro version includes optimized cores, new impoved entry points filters, new multistage profit closure algorithm and сontains number of external control parameter that allows build and fine tune own tradind decisions and algorithms. The system provides more accurate market entries, analyzes and filters upcoming economic news, contains spr
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Marzena Maria Szmit
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The XC Pips EA MT4 is an advanced automated trading system meticulously designed for the specific dynamics of the   GBP/USD   currency pair. Utilizing advanced technical analysis, the robot assesses historical and real-time data to   identify potential trends , key support and resistance levels, and other relevant market signals specific to GBP/USD. XC Pips EA opens positions   every day,  from Monday to Friday, and   all positions are secured   with Take Profit, Stop Loss, Trailing Stop, we inc
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Marco Solito
4.77 (52)
Last copy at 399$ -> next price 499$ Dark Algo  is a fully automatic Expert Advisor for Scalping Trading on Eurusd . This Expert Advisor is based on the latest generation of algorithm and is highly customizable to suit your trading needs.  If you   Buy this Expert   Advisor you can   write a feedback   at market and   get   a second EA for   Free , for More info contact me The basic strategy of this EA is built on a sophisticated algorithm  that allows it to identify and follow market trends .
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Profalgo Limited
5 (4)
Launch Promo: Limited number of copies available at current price Final price: 990$ NEW: get 1 EA for free! (for 2 trade accounts) Ultimate Combo Deal   ->   click here LIVE RESULTS:   https://www.mql5.com/en/signals/1949810 JOIN PUBLIC GROUP:   Click here Prop Firm Set Live Signal Set Welcome to DayTrade Pro Algo!  After years of studying the markets and programming different strategies, I have found an algorithm that has everything a good trading system needs: It is broker independent I
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Golden Pickaxe
Valeriia Mishchenko
4.67 (6)
EA has high-performance live track records of different set files: XAU Risky Vol XAU Balanced Vol XAU Balanced MT5 version can be found here Golden Pickaxe is a mean-reversion grid trading system that uses machine learning technology to place high-profit potential trades on the Gold market. It uses real market inefficiencies to its advantage to have an edge over the market. The EA has 5 predefined set files, which are essentially 5 different trading systems on gold . You may choose the def
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Skyrocket MT4
Vitalii Kosov
Skyrocket   is a unique trading expert that combines the Price Action strategy with neural network technologies to optimize trading decisions. The expert provides accurate analytical capabilities by employing a structured analysis of price movements in conjunction with innovative machine learning methods.    Skyrocket actively analyzes candlestick patterns, trend lines, and support and resistance levels using the Price Action strategy. This approach allows it to identify potential entry and exit
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Konstantin Kulikov
3.88 (8)
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Filter:
Teuling
155
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.

Konstantin Kulikov
24037
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
Epsilon Hogas
1406
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

lolodeth
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.

Konstantin Kulikov
24037
Reply from developer Konstantin Kulikov 2022.09.23 16:30
Thank you very much)
Kevin
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?

Konstantin Kulikov
24037
Reply from developer Konstantin Kulikov 2022.05.31 19:56
Of course, I answered in a comment and in a private message.
Ardjuna
252
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.

zhouhfdzpt11
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.

Anton Goldberg
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!!!

Danny Jacques
668
Danny Jacques 2021.09.12 14:46 
 

excellent expert! very good support from the author. Group on telegram very active and everyone helps each other. Very good work!

iccapital
644
iccapital 2021.03.22 00:48 
 

Ea always reevaluated. Good work

Edward Fx
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.

Mark Taylor
1694
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.

NikoSeneca
138
NikoSeneca 2021.03.02 12:14 
 

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

Vladimir Stronskiy
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!

GalaxyFund
154
GalaxyFund 2021.02.24 08:25 
 

Very promising system, 5 stars!

sed351
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.

Ye Yang
303
Ye Yang 2021.02.23 00:27 
 

It's profitable in the long run

Patrick McCarthy
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

Xiaolei Lu
2542
Xiaolei Lu 2021.01.20 14:25 
 

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

Orwa Kerdiea
506
Orwa Kerdiea 2021.01.16 12:52 
 

Lose more than interest. Too expensive for the expected result

Konstantin Kulikov
24037
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.
azers
324
azers 2020.12.03 23:44 
 

its good so far

Reply to review
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.