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FrankoScalp MT5 is an expert advisor that scalps forex pairs during quiet market periods. It ships with a conservative stop-loss approach and an optional averaging approach, and it reads several timeframes on its own.
Get one message the moment it launches, with its price.
FrankoScalp is an expert advisor for MetaTrader 5 that trades forex pairs on a short-term basis. It looks for scalping opportunities in quieter market conditions and offers two broad styles of preset, depending on how much risk you are willing to carry.
The EA opens and closes trades automatically, with no manual input once it is attached to a chart. It collects price data from several timeframes internally, which means the timeframe of the chart it sits on has little effect on its decisions. It aims at calmer periods rather than high-impact news releases, and its entry logic draws on price structure such as recent highs, lows and reaction zones.
Presets are prepared for around twenty forex pairs, including EURUSD, GBPUSD, USDJPY, AUDUSD, USDCAD, EURGBP, EURJPY and several crosses. Attach the EA to one chart per symbol and use the preset that belongs to that symbol. Because the EA reads the other timeframes itself, any common chart timeframe can be used.
The exact parameter names and defaults can differ between releases, so read the parameter list that comes with your download rather than relying on a summary. These are the areas to review before you go live:
| Area | What to check |
|---|---|
| Preset choice | Match the preset to the symbol and to the style (stop loss or averaging). |
| Lot size | Decide between a fixed volume and a calculated one, and keep it small relative to your balance. |
| Time settings | Confirm the EA reads your broker's server time correctly. |
| Spread and slippage limits | Scalping results depend on low costs, so review any filters for these. |
| Trade identifier | Use separate identifiers if you run several charts on one account. |
Scalping systems are sensitive to spreads, commissions and execution delays. Averaging presets can build large positions during a sustained move. Start on a demo account, then use a small live size, and think about the maximum loss you can accept before you choose a preset.
Trading carries risk, and you can lose some or all of your deposit. Past results, backtests and signal histories do not predict future ones.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Scalping, Signals, Support and resistance |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, automated trading |
| Trade style | Scalping, short-term entries and exits |
| Markets | Forex pairs such as EURUSD, GBPUSD, USDJPY, AUDUSD, USDCAD |
| Timeframes | Any chart timeframe; the EA reads other timeframes itself |
| Risk modes | Stop-loss presets, or averaging presets with grid and martingale |
| Requirements | Algo trading enabled, stable connection or VPS, low-spread account |
| Account type | Hedging or netting; confirm with your broker and the presets |
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This listing is the MetaTrader 5 build. A separate MetaTrader 4 version exists, so check that you are buying the file that matches your terminal before you pay.
The EA collects the data it needs from several timeframes by itself, so the chart timeframe is not the main factor. Open the pair you want to trade on any common timeframe and attach the EA, then follow the preset instructions for that symbol.
Presets are provided for around twenty forex pairs, mostly majors and common crosses such as EURUSD, GBPUSD, USDJPY, AUDUSD and EURGBP. Use the preset that matches the symbol, and check how your broker names that symbol.
The conservative style closes each trade with a fixed stop loss and does not average. The aggressive style replaces the stop loss with averaging positions using grid and martingale logic, which can lead to larger floating losses and larger exposure. Choose the style that fits your account size and tolerance for drawdown.
A scalping EA is sensitive to spread, execution speed and the broker's server time. Use an account with tight spreads and quick fills, and test on a demo account first. Check that the time settings in the EA match your broker's server time.
Update terms depend on where and how you obtain the product. Check the store's download page for the current package and any update policy before you rely on it.
FrankoScalp MT5
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