Market / MetaTrader 5 / Experts /

FrankoScalp MT5

100 USD

Demo downloaded: 4 545

Published: 22 May 2019

Current version: 3.9

FrankoScalp MT5

4.28

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.
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 #56.
The adjustment of the trading lot calculation is described in comment #63.
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

more...

1284

tattila 2023.03.23 07:11 #

Simple and good strategy!

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Wolfgang Rockert 2022.01.26 10:30 #

Great EA with low DD , i use Samurai-Modernall Profile.. two month always in Profit...

1227

Xinhe Xiang 2021.12.21 08:59 #

★☆★☆★.在 MQL5 购买的众多主流 EA 中，好评五星级。兴趣交流腾讯微信（同号）QQ=917552750。★☆★☆★

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100 USD

97 USD

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 fals

30 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

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 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

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

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

FREE

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

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

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

30 USD

100 USD

97 USD

Filter:

317

ahmed8808 2023.11.10 21:25 #

Scam. Stay away from it or any other EA this developer creates.

STAY AWAY FROM IT.

24333

Reply from developer Konstantin Kulikov 2023.11.13 16:47 #

...

1284

tattila 2023.03.23 07:11 #

Simple and good strategy!

273

Pejman Rafieian 2022.04.20 23:38 #

I bought this robot almost 2 years ago. Overall, it is not a profitable robot at all. Author gives you different set-up and updates them from time to time. Sometimes he says to turn it off because of the market volatility. It yields very small profits but losses big ones from time to time. I mean all of your small profits will be vanished by just one loss. He and his assisstants in their Telegram channel always put the blame on the brokers mistake and having wrong set-up. They do not accept that the expert is not good enough comparing to the high price that you pay. Since I bought this expert, I have payed for the VPS as well and I have lost money. Most of the comments here to support the product are fake. I would like to take my money back.

24333

Reply from developer Konstantin Kulikov 2022.04.26 22:30 #

The most stable sets with SL among all scalping and does not involve the rollover hour (an hour of large spread and slippage): https://www.mql5.com/en/signals/1095580

2248

Wolfgang Rockert 2022.01.26 10:30 #

Great EA with low DD , i use Samurai-Modernall Profile.. two month always in Profit...

24333

Reply from developer Konstantin Kulikov 2022.01.26 12:09 #

Nice to hear:)

1227

Xinhe Xiang 2021.12.21 08:59 #

★☆★☆★.在 MQL5 购买的众多主流 EA 中，好评五星级。兴趣交流腾讯微信（同号）QQ=917552750。★☆★☆★

252

Ardjuna 2021.11.05 14:52 #

Hi...Traders, this is one of the best expert I have tried so far, I have been testing for months to see how was the strategy works , and how smart the expert in the calculating the market 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.

410

Anton Goldberg 2021.10.06 22:35 #

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

1903

gammag 2021.08.28 14:18 #

It is a versatile EA with different settings according to needs (night and day trading). Author is professional in contact and gives support.

1349

ow1977mt5 2021.07.15 13:49 #

Not bad.

957

Markus Feldinger 2021.07.04 09:20 #

This night scalper needs an update urgently. Not profitable any more. The one setup that used to be highly profitable, "Modern Multilot", works without Stop Loss! Dangerous. His corresponding Frankoscalp Modern Multilot signal just blew up (30-11-2021) by some covid-19 news. Covid News are a tough call, sure, but that's exactly why you should always have a SL. Wait for update.

Mr. Kulikov is a great developer, check out his GridMartin Conqueror MT5, it's really amazing, but this one, Frankoscalp, he's not working on it any more.

130

sobhan kabiryan 2021.06.21 08:40 #

Hi, I entered the URL, but it still says on the chart, news filter is not use How can I find out if it works properly and its settings are correct and does not miss an opportunity

24333

Reply from developer Konstantin Kulikov 2021.06.21 12:09 #

Hi,
in the parameters of the Expert Advisor, you need to set: Use_NewsFilter = true. Also, please note that it is necessary to use not the default settings, but the recommended sets. (At the beginning of the description of each of my EA, the number of the comment to the EA is indicated, which contains the last settings.) Ask questions in private messages to me or in the comments section of EA.

271

ANDREI SIMONOV 2021.06.14 18:32 #

FRANKO установил в середине апреля 2021 ! И не жалею, что приобрел этот сов у Константина!!! до сегодняшнего дня показывает хорошую торговлю, не хочу сглазить, поэтому самые важные слова оставлю на конец года 2021 ! Константину хочу пожелать: хороших, грамотных стратегий при создании советников! чтобы не забывал про нас покупателей, потому как мы верим в его успешно созданные советники! Обновления по советникам и сетам от перемены и характера рынка, тоже рады будем видеть;) Спасибо.

1328

Xing Zhihao 2021.03.24 17:24 #

It fails again , shit hole

891

flolancer 2021.03.22 23:49 #

Franko Scalp is a highly recommended Expert Advisor. It is a universal scalper. It is suitable for beginners as the Author offers a suite of sets that have been developed based on statistics of many brokers and withstood the test of time. It is also suitable to experienced EA traders who want to be able to tweak every details of the strategy and create their own. This is a recommendation for beginners: stick to the recommended sets from the Author. At this date these are the ‘Modern Main’ sets, 4 set files in total — one for each currency pair. As you progress, you have many options to improve your strategy. For example, you can test the various delivered set files for your broker and pick the one that are favourable. You are buying more than the price of the expert!

298

Baudez Xavier Dominique Thomas Thierry 2021.03.04 09:51 #

I'm very happy about this EA. Frequent updates from Konstantin both on the EA versions and the set files. There is also an open and very active telegram channel where anyone can exchange and contribute. The fact that the author also shares his signals publicly for full transparency is proof of his professionalism.

141

SimmoSkippy 2021.02.27 23:09 #

This is my 2nd EA from this author I use on MT5, the support makes setup easy, the support from the authors team is fantastic! I had a good few months with this EA, I have taken out my initial investment now I make money with profits so no risk to my initial investment. I would recommend - regular updates and quick responses from telegram channel also! Profitable for me, be sure set up is correct!

125

18sieben 2021.02.22 09:06 #

Solid EA and team behind Kulikov' products. Excellent support at any stage like when u install & setup or having hard times due to not optimal use.

329

sampat369 sutar 2021.02.22 06:36 #

User didn't leave any comment to the rating

2706

Xiaolei Lu 2021.01.20 14:25 #

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

1322

Sammy Boy 2020.12.28 15:07 #

Supportive author and making EA sets easy to install with quick profiles . Tq author

1 2

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 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").