Congratulations! You’ve Found the Longest Running Forex Expert Advisor – FrankoScalp!
For over 5 years, the FrankoScalp EA has been a top contender in the Forex market, gaining recognition and praise across various forums. The original, updated version of this expert advisor is available exclusively on our website. Connect with the author and join the friendly FrankoScalp user community today!
History of FrankoScalp
- 2012: Entered the Forex world.
- 2015: Focused entirely on automated trading systems.
- 2016: Published the first version of FrankoScalp.
- Following Years: Released a version for MT5, identical to the MT4 version.
The Secret of FrankoScalp’s Longevity
- Realistic Expectations: No EA is a “money-printing machine.” FrankoScalp, like all trading systems, has periods of profit and loss.
- Continuous Support: Unlike many EAs, FrankoScalp is continuously updated and supported, even during drawdowns. This ensures it remains effective and valuable to its users over time.
Trading Strategy
- Primary Sets: Ideal for scalping during quiet times. Each trade has a Stop Loss, making these sets suitable for conservative trading. No grid or martingale methods used.
- Modified Sets: Designed for those who prefer higher risk. Uses averaging positions and grid/martingale methods. Based on primary sets, over 95% of first trades close successfully without averaging, ensuring stability with moderate risk.
- Supported Currency Pairs: USDCHF, EURCHF, CADCHF, USDCAD, EURUSD, EURGBP, EURAUD, EURCAD, GBPUSD, GBPAUD, GBPCAD, NZDCAD, NZDUSD, AUDUSD, AUDCAD, AUDJPY, CHFJPY, USDJPY, EURJPY, USDSGD.
Expert Setup
- Download Settings: Get the latest settings archive here.
- Primary Sets: Located in the “Without GridMartin” folder.
- Modified Sets: Located in the “With GridMartin” folder.
- Compatibility: Works on any timeframe, automatically using data from multiple timeframes. (Back-testing recommended on M1 timeframe.)
- Activate News Filter: Enable “Allow WebRequest” and add the news site URL in terminal settings.
- Steps: Tools > Options > Expert Advisors > Check “Allow WebRequests for listed URL” > Add: https://nfs.faireconomy.media
- Verify Settings: Check EA time autotune with comment #2010 and trading lot calculation with comment #2017.
- Get Assistance: Send a screenshot of your terminal for review or arrange a remote desktop check (teamviewer).
- Full EA Parameters: Available here.
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