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FrankoScalp MT5

I have been developing, testing and correcting this automated scalping system for a long time: https://www.mql5.com/en/signals/author/test-standart.

Last sets in comments: #12

Highlights to pay attention to


1. During live operation of the expert the GMT offset parameter is determined automatically based on local time of the computer (GMT_Offset_AUTO=true).

This parameter provides synchronization of the expert settings with the MetaTrader 5 server time.

To ensure the correctness of settings it is necessary:

  • to compare the GMT time in expert information area on the chart of currency pair, to which the expert is attached, with http://time.is/GMT (or other reliable source).
  • If the values do not match, then set GMT_Offset_AUTO=false and set a value of GMT_Offset_Manual according to the instructions in https://www.mql5.com/en/blogs/post/682539

2. In order to activate the News filter function, enable "Allow WebRequest" and add https://sslecal2.forexprostools.com/ to the URL list for WebRequest.

To do this, open Tools > Options > Expert Advisors. Check the option "Allow WebRequests for listed URL:". Add https://sslecal2.forexprostools.com/ and click OK.

3. For this expert, a moderate lot size is 0.01 for 50-100 units of balance or risk per trade 1.5-3%.

You can set a trading lot depending on your preferences. I recommend using a fixed lot (Use_Fix_Lots) or a recovery money management (Use_MM_Reg_1 or Use_MM_Reg_2).

4. The expert works on any timeframe equally well, as it automatically takes the necessary data from multiple timeframes.

Back-testing is recommended on the M1 timeframe.

5. The expert writes information about the jumps of the spread to a file. To write this information, set the parameter Record_Deals = true.

It is necessary for viewing of this information: 

  • go to MQL5/Files in the terminal folder and open the corresponding file (this action can be made in time which isn't coinciding with time of opening of transactions by the expert and when there is no open transactions of the expert);
  • after viewing, close the file (that the expert could write down information further).

Main Parameters

  • ==== GMT and DST ====
  • GMT_Offset_Manual - the difference between your broker's server time and GMT.
  • GMT_Offset_AUTO - enable/disable the automatic detection of GMT Offset, using the local computer time (does not work in the strategy tester).
  • Adjust_DST_Universal - enable/disable Daylight Saving Time correction (for the tester).
  • ==== Lot and MM ====
  • Use_Fix_Lots - enable/disable fixed trading lot;
  • Use_MM - enable/disable the lot value as a percent of deposit based on StopLoss;
  • Use_MM_Reg - enable/disable recovery money management (trading lot will not decrease in case of drawdowns);
  • ==== Grid and Martingale ====
  • Multiplier_of_trade_Lot - multiplier for a trading lot when opening a new position in the positions grid;
  • ==== Days without Trade ====
  • Use_Holidays_Pass - do not trade during the holidays.
  • ==== Record of deals in the file ====
  • Record_Deals - enable/disable logging of the EA operation details in a file.
  • ==== First In - First Out ====
  • FIFO_MODE - enable/disable the First In First Out mode.
  • ==== News Filter ====
  • Use_NewsFilter - use the news filter;
  • ==== Strategies select ====
  • use_select_Strategy - select strategy from 1 to 6 using optimization in the Strategy Tester.
  • ==== TIMING ====
  • GMT_Open_Trade_Hour - hour to start opening trades, GMT;
  • GMT_Open_Trade_Minute - minute to start opening trades, GMT;
  • Period_Open_in_minute - time duration for opening trades in minutes;
  • GMT_Monday_OH - time to start opening trades on Monday;
  • GMT_Friday_CH - time to stop opening trades on Friday;

The full list of the EA parameters can be found in the blog: https://www.mql5.com/en/blogs/post/726755


Reviews 9
Nail Sharipov
312
Nail Sharipov 2020.07.15 19:43 
 

Автор профи в своём деле ,при возникновении вопросов отзывается и решает их. Сам сов франк супер ,после обновления шикарно и уверенно приумножает депо (баланс) ,сеты автора. Скрин торговли в обсуждении.

Evgenii Timoshin
376
Evgenii Timoshin 2020.07.12 10:55 
 

Exact trade deals, good expert.

Marcos Loeza
26
Marcos Loeza 2020.06.19 11:07 
 

Always top strategies and also support. Konstantin is very honest and sell EAs that have a monitored signal so you can see how they perform in real market. Keep it up! (I'm Lisa)

Filter:
Nail Sharipov
312
Nail Sharipov 2020.07.15 19:43 
 

Автор профи в своём деле ,при возникновении вопросов отзывается и решает их. Сам сов франк супер ,после обновления шикарно и уверенно приумножает депо (баланс) ,сеты автора. Скрин торговли в обсуждении.

Evgenii Timoshin
376
Evgenii Timoshin 2020.07.12 10:55 
 

Exact trade deals, good expert.

Marcos Loeza
26
Marcos Loeza 2020.06.19 11:07 
 

Always top strategies and also support. Konstantin is very honest and sell EAs that have a monitored signal so you can see how they perform in real market. Keep it up! (I'm Lisa)

Plamen Ivanov
1834
Plamen Ivanov 2020.06.13 18:04   

User didn't leave any comment to the rating

Fatih Bulut
603
Fatih Bulut 2020.06.01 15:35 
 

I can make money only with Konstantin's products. This is yet another successful EA. Thanks for your hard work bro.

trader
476
trader 2020.05.29 22:59 
 

The MT4 version of this expert made incredible profit on Konstantin's live accounts for several years which can be verified in myfxbook. I have never seen a similar performance with any other expert as from 2016-2019 with relatively low risk. I'm confident that with the new set files the success will continue. Great job!

Aleksandr Vlasenko
760
Aleksandr Vlasenko 2020.05.08 21:38 
 

Interesting update. Finally added grid system as option.

peronpmt4
1333
peronpmt4 2019.06.06 08:30 
 

Excellent support from author. The prblem may be from broker

diconium
384
diconium 2019.05.29 14:24 
 

Hardly any profit after spread and commisions

Version 1.2 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 1.1 2019.11.19
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 is updated until December 31, 2019 ("NewsFilter").