FrankoScalp EA V4.2 MT4 (Platform build 1431+)

What is FrankoScalp?

FrankoScalp EA is a seasoned Expert Advisor (EA) for the Forex market, with a proven track record spanning over five years. It is specifically engineered as a Scalping system, capitalizing on small price fluctuations to generate consistent profits.

This EA offers a range of customizable settings, enabling traders to tailor it to their unique trading preferences and risk appetite. Whether you prefer a conservative approach or a more aggressive trading style, FrankoScalp EA adapts seamlessly to meet your needs.

Vendor MQL5 Link

MQL5 Signal Reports

Strategy Tester Reports

Myfxbook Reports

https://www.myfxbook.com/members/sixth_sense/frankoscalp-sets-samurai/8694856

How to setup and Live trading – Video Guide

https://youtu.be/BqVW10JEBmk

Written Setup Guide

Download Settings:

• Without GridMartin: Primary sets.
• With GridMartin: Modified sets.

Timeframe: Works on all timeframes; back-test on M1.

News Filter:

• Enable “Allow WebRequest” in Tools > Options > Expert Advisors.
• Add: https://nfs.faireconomy.media.

Verify Setup:

• Check time autotune (comment #2010).
• Adjust lot sizing (comment #2017).

Need Help?

• Share a screenshot or use TeamViewer for assistance.

Key Takeaways

• The Primary Sets are designed for scalping during calm market periods (avoiding news-driven volatility), meticulously refined based on analysis from real account performance. Every trade is protected by a Stop Loss, making these sets ideal for conservative trading styles, as they avoid grid or martingale strategies.
• The Modified Sets, on the other hand, cater to those who prefer a more aggressive approach. Instead of using Stop Loss, these sets implement position averaging, incorporating grid and martingale methods. Despite their aggressive nature, they remain rooted in the Primary Sets, ensuring that over 95% of trades close successfully on the initial attempt without requiring averaging. This balance provides stability while maintaining moderate risk levels.
• These sets are optimized for the following currency pairs: USDCHF, EURCHF, CADCHF, USDCAD, EURUSD, EURGBP, EURAUD, EURCAD, GBPUSD, GBPAUD, GBPCAD, NZDCAD, NZDUSD, AUDUSD, AUDCAD, AUDJPY, CHFJPY, USDJPY, EURJPY, and USDSGD.

Setting / Features

Trading Platform: MetaTrader 4 (MT4).

Timeframe: M1 is recommended for backtesting, though the strategy is effective across all timeframes.

Currency Pairs: Optimized for USDCHF, EURCHF, USDCAD, GBPUSD, AUDJPY, and other major pairs.

Minimum Deposit: $500 is suggested for starting capital.

Broker: Opt for a low-spread ECN broker to ensure optimal trading performance.

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Get the FrankoScalp for free,

Yes, you can get the FrankoScalp  for free on the MQL5Cracked website.

See the following pages to get the FrankoScalp  for free

Broker page

VPS Page