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FrankoScalp MT5

4.28
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://  nfs.faireconomy.media
  • 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
Reviews 38
tattila
1304
tattila 2023.03.23 07:11 
 

Simple and good strategy!

Wolfgang Rockert
2317
Wolfgang Rockert 2022.01.26 10:30 
 

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

Xinhe Xiang
1225
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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Arseny Potyekhin
4.75 (8)
Experts
Overview The CoreX G EA is an advanced trading system specifically designed to tackle the complexities of the Forex market. By leveraging cutting-edge neural networks, sophisticated machine learning technologies, and an integrated big data strategy, CoreX G delivers exceptional accuracy and security in trading. This Expert Advisor (EA) stands out due to its technological excellence and premium customer support, ensuring users are always assisted with any questions or concerns. Signals:   Live
Gold Trend Scalping MT5
Lo Thi Mai Loan
5 (4)
Experts
LIVE SIGNAL  Welcome to Gold Trend Scalping LAUNCH PROMO:  The price will increase by $100 with every 10 purchases (8/10) Final price: $1993.99 BUY Gold Trend Scalping, receive 2 free accounts using Eurusd Algo Trading  or Bitcoin Scalping EA Details about params Gold Trend Scalping is the first EA I designed specifically for gold.  The EA uses a following trend trading strategy based on larger time frames.  It employs a super trend to detect the main trend of the larger time frame and then o
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Herlina Sari
4.33 (6)
Experts
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William Brandon Autry
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Experts
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Leonid Arkhipov
5 (2)
Experts
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Bogdan Ion Puscasu
4.92 (90)
Experts
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LittleCrazy MT5
PAVEL UDOVICHENKO
4.8 (10)
Experts
LittleCrazy MT5 is a fully automated trading system that doesn't require any special skills from you. Just fire up this EA and rest. You don't need to set up anything, EA will do everything for you. EA is adapted to work on small deposits from $200. Timeframe: M15 Currency pairs: AUDNZD, NZDCAD, AUDCAD My Live Signals: LittleeCrazyWay MT5 LittleCrazy Roboforex Signals of my customers: https://www.mql5.com/en/signals/2271402 https://www.mql5.com/en/signals/1822082 https://www.mql5.com/en/sig
Way To Stars MT5
Wei Tu
4.74 (19)
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4.2 (5)
Experts
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4.86 (7)
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Konstantin Kulikov
3.79 (115)
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4.5 (2)
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Experts
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4.69 (13)
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Konstantin Kulikov
5 (1)
Utilities
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
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5 (8)
Experts
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,
News Trade EA MT4
Konstantin Kulikov
4.33 (15)
Utilities
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
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Konstantin Kulikov
5 (1)
Utilities
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
Trailing and SL TP MT5
Konstantin Kulikov
Utilities
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
Filter:
ahmed8808
407
ahmed8808 2023.11.10 21:25 
 

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

STAY AWAY FROM IT.

Konstantin Kulikov
25198
Reply from developer Konstantin Kulikov 2023.11.13 16:47
...
tattila
1304
tattila 2023.03.23 07:11 
 

Simple and good strategy!

Pejman Rafieian
283
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.

Konstantin Kulikov
25198
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
Wolfgang Rockert
2317
Wolfgang Rockert 2022.01.26 10:30 
 

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

Konstantin Kulikov
25198
Reply from developer Konstantin Kulikov 2022.01.26 12:09
Nice to hear:)
Xinhe Xiang
1225
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。★☆★☆★

Ardjuna
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.

Anton Goldberg
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!!!

gammag
1922
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.

ow1977mt5
1349
ow1977mt5 2021.07.15 13:49 
 

Not bad.

Markus Feldinger
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.

sobhan kabiryan
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

Konstantin Kulikov
25198
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
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.

Xing Zhihao
1353
Xing Zhihao 2021.03.24 17:24 
 

It fails again , shit hole

flolancer
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!

Baudez Xavier Dominique Thomas Thierry
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.

SimmoSkippy
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!

18sieben
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.

sampat369 sutar
339
sampat369 sutar 2021.02.22 06:36 
 

User didn't leave any comment to the rating

Xiaolei Lu
2860
Xiaolei Lu 2021.01.20 14:25 
 

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

Sammy Boy
1342
Sammy Boy 2020.12.28 15:07 
 

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

12
Reply to review
Version 4.2 2024.10.14
Conferences are equivalent to speeches for the news filter.
Version 4.1 2024.09.03
The news filter has become more stable.
Added a news source from MQL5 (it is the most stable, no crashes).
The trading algorithm has been slightly improved.
Version 4.0 2024.05.28
The site for the news filter has been changed. Find the new site in the product description and add it to the terminal settings.
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").