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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 settings for EA in the comment: #87

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

Currency pairs for which sets are developed: USDCHF, EURCHF, CADCHF, USDCAD, EURUSD, EURGBP, EURAUD, EURCAD, GBPUSD, GBPAUD, GBPCAD, NZDCAD, NZDUSD, AUDUSD, AUDCAD, AUDJPY, CHFJPY, USDJPY, EURJPY, USDSGD. 

Version for MT4: https://www.mql5.com/en/market/product/17470


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 news site to the URL list for WebRequest.

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

3. 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.


    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_select - enable/disable Daylight Saving Time correction (for the Strategy 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;
    • ==== 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;
    • ==== Common parameters ====
    • TakeProfit_Hide - virtual Take Profit hidden from a broker in points;
    • StopLoss_Hide - virtual Stop Loss hidden from a broker in points;
    • TakeProfit_Safety - Safety (real) Take Profit in points;
    • StopLoss_Safety - Safety (real) Stop Loss in points;
    • ==== 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/689512


    Reviews 30
    Markus Feldinger
    783
    Markus Feldinger 2021.07.04 09:20 
     

    With the right settings this is a highly profitable expert with a low risk from a very skilled developer. It’s for sure one of the best in MQL. In some months it will be less active, just be patient. In the long run it will always make you money.

    ANDREI SIMONOV
    262
    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.

    flolancer
    486
    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!

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    Filter:
    ow1977mt5
    945
    ow1977mt5 2021.07.15 13:49 
     

    Not bad.

    Markus Feldinger
    783
    Markus Feldinger 2021.07.04 09:20 
     

    With the right settings this is a highly profitable expert with a low risk from a very skilled developer. It’s for sure one of the best in MQL. In some months it will be less active, just be patient. In the long run it will always make you money.

    sobhan kabiryan
    45
    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

    Konstantin Kulikov
    18039
    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.
    ANDREI SIMONOV
    262
    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.

    Kratoner
    708
    Kratoner 2020.11.20 15:06 
     

    The worst EA I have ever bought in my life. DO NOT buy this EA, really with this EA I have lost time of life, apart from having failures it stopped being profitable a long time ago, you can see in the author's signal. DO NOT BUY THIS EA.

    Response to your comment: Do you have the little embarrassment to show your martingale account? You are worse than I thought. Here is your "wonderful" account NOT profitable

    https://www.mql5.com/en/signals/748835#!tab=account

    It's been 4 months without being profitable, EA failed

    Konstantin Kulikov
    18039
    Reply from developer Konstantin Kulikov 2021.03.07 17:10
    Don't overdo it. https://www.mql5.com/en/signals/748827 Different traders like different strategies.
    Buyers get two experts in one.
    Since the EA allows using both classic sets with SL and martingale sets.
    Multifunctional Expert Advisor that has a wide range of settings that allows you to edit the sets at your discretion.
    Xing Zhihao
    1238
    Xing Zhihao 2021.03.24 17:24 
     

    It fails again , shit hole

    flolancer
    486
    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!

    Xavier Baudez
    170
    Xavier Baudez 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.

    SimmoSkippy
    50
    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!

    Evgeny Mikhaylov
    621
    Evgeny Mikhaylov 2020.11.07 11:59 
     

    Хороший ЕА! Внимательно следуйте инструкции по настройке и разберитесь с работой, чтобы не было сюрпризов. И соблюдайте риски, если классический сет modern себя хорошо зарекомендовал то по новому modern_all пока мало статистики. Еще хочу отметить отличную поддержку от автора!

    18sieben
    44
    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.

    sampat369 sutar
    310
    sampat369 sutar 2021.02.22 06:36 
     

    i have been using ea for sometime and before i started with FS i was using Breakthrough from oct and there was drawdown in December because of US election even though author recommend to pause it i didn't. so all in all the EAs created by Konstantin are different, the strategies are different and this is what I look for when i am buying an ea and the best part is both EAs BT and FS can work together because there trading days don't overlap.

    eliluxiaolei
    1049
    eliluxiaolei 2021.01.20 14:25 
     

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

    Sammy Boy
    869
    Sammy Boy 2020.12.28 15:07 
     

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

    Nail Sharipov
    323
    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.

    KCapital
    1138
    KCapital 2020.10.22 09:15 
     

    Had it for 1 month. Way more losses than wins. - 24% this month. Bought because of the positive reviews but these are because the author is asking for reviews for more discounts. Hence why he's saying the price is going to jump. Don't be fooled, plenty cheaper EA's with better win rate

    Konstantin Kulikov
    18039
    Reply from developer Konstantin Kulikov 2020.11.20 15:41
    This guy is a crook.
    He writes that my EA is bad, and after that he buys another EA of mine! Then why?! (after that he bought "Breakthrough Strategy", you can see his review there)
    In private message, he asks for money to correct the review from negative to positive.
    I urge the MQL administration to ban him!
    I am attaching a screenshot: http://prntscr.com/vmvxif
    Marcos Loeza
    36
    Marcos Loeza 2020.06.19 11:07 
     

    17/11/20 It keeps stable and author always reply and keep it updated. 10/10 19/06/20 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!

    Aleksandr Vlasenko
    465
    Aleksandr Vlasenko 2020.05.08 21:38 
     

    Last version of the Frankoscalp is very good!

    fxresults
    27085
    fxresults 2020.11.05 01:59 
     

    One of the best EA's on the market I have ever seen. It's too cheap for the results it produces.

    one2_4444
    214
    one2_4444 2020.10.31 15:45 
     

    It’s the third product I bought from this author, great performance.

    sasha-nt1
    312
    sasha-nt1 2020.10.23 07:17 
     

    Ставлю 10 звезд из 5! Отличный советник! Мои сделки на реальном счете совпадают со сделками на сигнале автора уже на протяжении 6 месяцев! Константин всегда отвечает на мои сообщения и вопросы. Рекомендую!

    Ricardo de Meo
    1093
    Ricardo de Meo 2020.10.22 08:22 
     

    User didn't leave any comment to the rating

    peronpmt4
    1628
    peronpmt4 2019.06.06 08:30 
     

    Excellent support from author. The best EA!

    PUI SIU GEOFFREY CHEN
    854
    PUI SIU GEOFFREY CHEN 2020.10.19 16:33 
     

    One of the best scalper in the market. Very stable.

    Stephanie Nicole Chavez
    1200
    Stephanie Nicole Chavez 2020.10.18 14:29 
     

    User didn't leave any comment to the rating

    Evgenii Timoshin
    446
    Evgenii Timoshin 2020.07.12 10:55 
     

    Exact trade deals, good expert.

    Plamen Ivanov
    1986
    Plamen Ivanov 2020.06.13 18:04 
     

    User didn't leave any comment to the rating

    Fatih Bulut
    594
    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
    481
    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!

    Adil
    457
    Adil 2019.05.29 14:24 
     

    User didn't leave any comment to the rating

    Reply to review
    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").