FrankoScalp MT5 with SetFiles (Official version) | Unbounded

Product Overview

FrankoScalp MT5 is a long-running Forex Expert Advisor for MetaTrader 5, developed from years of experience in automated trading. The original FrankoScalp system was first released in 2016, followed later by the MT5 version, which was developed to maintain the same core approach as the original MT4 edition.

The EA has been continuously developed and updated over the years, with new settings and revised configurations introduced as market conditions change. Instead of treating an Expert Advisor as a permanent “money-making machine,” FrankoScalp is designed as an evolving trading system that can be adjusted and maintained through different market cycles.

FrankoScalp MT5 supports a wide range of major, minor, and cross currency pairs. Its available configurations include both conservative scalping sets without Grid or Martingale and more aggressive configurations that use position averaging, Grid, and Martingale techniques.

This flexibility allows traders to choose a configuration that better matches their preferred risk level and trading style.

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About the Developer

• Author: Konstantin Kulikov
• Experience: Over +10 years of experience on MQL5.
• Notable Products: FrankoScalp MT5, News Trade EA MT5, Breakthrough Strategy MT5, Breakthrough Strategy MT4 and other advisors.
• Flagship Product: FrankoScalp MT5 is rated as the best performing product of the year.

>> Delivery time 24h-48h after payment.
>>> Refund if not delivered.
>>> You will receive the latest version without any limitations (ID+Time).

>> Reviewed by Jason Stap <<<

Key Features of FrankoScalp MT5

• Professional Forex Expert Advisor for MetaTrader 5.
• Developed from the original FrankoScalp system released in 2016.
• Long-term development and continuous updates.
• MT5 version based on the established FrankoScalp trading concept.
• Regularly updated settings and configurations.
• Primary conservative sets available.
• Modified aggressive sets available.
• Primary sets use Stop Loss on every trade.
• Primary sets do not use Grid or Martingale.
• Modified sets use position averaging.
• Modified configurations can use Grid and Martingale methods.
• Designed for scalping during quieter market periods.
• Trading approach developed using experience from real trading accounts.
• Automatically collects data from multiple timeframes.
• Can operate on any chart timeframe.
• Supports numerous Forex currency pairs.
• Multiple settings allow traders to adapt risk and trading style.
• Suitable for both conservative and aggressive approaches.
• Lifetime purchase according to the supplied product information.
• Free updates according to the developer.
• Includes multiple activations for installation across computers or VPS environments.

How Does FrankoScalp MT5 Work?

FrankoScalp MT5 is primarily designed as a Forex scalping Expert Advisor. The system automatically analyzes market data and searches for suitable trading opportunities based on its configured strategy and settings.

An important characteristic of FrankoScalp is that the EA does not rely exclusively on the timeframe of the chart to make its decisions. According to the developer, the Expert Advisor automatically obtains the necessary information from multiple timeframes.

Therefore, the EA can be attached to different chart timeframes while continuing to collect the market data required by its internal trading logic.

Primary Sets – Conservative Trading

The Primary Sets are designed for traders who prefer a more conservative approach.

These configurations focus on scalping during relatively quiet market periods and use a Stop Loss on every trade. They do not use Grid or Martingale techniques.

This means that when a trade moves against the expected direction, the position can be closed according to its predefined stop-loss rather than adding progressively larger positions.

For traders who prioritize controlled risk and simpler position management, the Primary Sets may be the more suitable starting point.

Modified Sets – Aggressive Trading

The Modified Sets are designed for traders who accept higher levels of risk.

Instead of relying exclusively on a conventional Stop Loss, these configurations can use position averaging, including Grid and Martingale techniques.

According to the developer, the modified configurations are based on the Primary Sets, and the first trade is stated to close successfully without requiring an averaging position in more than 95% of cases.

However, this should not be interpreted as a guarantee. When averaging or Martingale positions are activated, exposure can increase significantly if the market continues moving against the trading position.

Why Choose FrankoScalp MT5?

One of the most notable characteristics of FrankoScalp MT5 is its long-term development philosophy.

Many automated trading systems are released, experience periods of poor performance, and are eventually abandoned. FrankoScalp takes a different approach by continuing to update its configurations and settings as market conditions evolve.

The developer states that old settings are periodically adjusted while new configurations are introduced when appropriate.

FrankoScalp MT5 may be interesting for traders who are looking for:

• A long-established Forex Expert Advisor.
• Continuous development and updated settings.
• Multiple risk configurations.
• Conservative scalping without Grid or Martingale.
• More aggressive averaging-based configurations.
• Support for many currency pairs.
• Multi-timeframe market analysis.
• A flexible EA that can adapt to different trading preferences.

Another advantage is the broad selection of supported currency pairs, allowing traders to diversify their automated Forex trading instead of relying on a single instrument.

FrankoScalp MT5 Performance Review

🟢 Live Trading Results (248weeks)

• Initial Deposit: $100
• Growth: +44%
• Max Drawdown: 16.6%
• Long-term verified performance
•  Live Signal: View here

FrankoScalp MT5 Live Trading

🟢 Backtest Results (2023–2025)

• Testing Period: Aug 2023 – Feb 2025
• Initial Deposit: $1,000
• Net Profit: $11,554
• Profit Trades: 83.75%
• Drawdown: 11.33%
• Multi-currency execution from one chart

FrankoScalp EA Backtest Resultss

Performance and Risk Management

FrankoScalp MT5 offers different approaches to risk management depending on the selected configuration.

Conservative Risk Management

The Primary Sets use a Stop Loss on every trade and do not use Grid or Martingale.

This approach provides a clearly defined loss limit for each position and avoids the increasing exposure associated with averaging strategies.

However, a Stop Loss does not eliminate trading risk. A series of losing trades can still reduce account equity, particularly during unfavorable market conditions.

Aggressive Risk Management

The Modified Sets introduce averaging, Grid, and Martingale techniques.

These methods can potentially improve recovery from temporary adverse movements, but they also increase market exposure.

If the market continues trending against the positions, multiple trades may accumulate and the overall drawdown can become significantly larger than with a conventional fixed-stop strategy.

Therefore, aggressive sets should only be used by traders who fully understand Grid and Martingale risk.

Multi-Timeframe Analysis

The EA automatically obtains the required market data from multiple timeframes. This allows it to maintain its trading logic regardless of the chart timeframe selected by the user.

Currency Pair Selection

Settings have been developed for a broad range of Forex instruments, including:

• USDCHF
• EURCHF
• CADCHF
• USDCAD
• EURUSD
• EURGBP
• EURAUD
• EURCAD
• GBPUSD
• GBPAUD
• GBPCAD
• NZDCAD
• NZDUSD
• AUDUSD
• AUDCAD
• AUDJPY
• CHFJPY
• USDJPY
• EURJPY
• USDSGD

Performance can vary significantly between currency pairs, brokers, spreads, execution conditions, and market periods. Traders should therefore evaluate individual settings rather than assuming that one configuration will perform equally across every pair.

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Weaknesses and Risk Warnings

Although FrankoScalp MT5 has been developed for many years, it is still an automated Forex trading system and carries significant market risk.

The most important distinction is between the Primary Sets and Modified Sets.

Primary configurations avoid Grid and Martingale techniques, but they can still experience consecutive losing trades.

Modified configurations introduce averaging, Grid, and Martingale methods. These approaches can create substantially larger exposure when the market moves continuously in the wrong direction.

Important risks include:

• No Expert Advisor can guarantee profits.
• Past performance does not guarantee future results.
• Scalping performance can depend heavily on spread and execution quality.
• Different brokers may produce different trading results.
• Market conditions can change over time.
• Conservative settings can still experience losing periods.
• Grid strategies can create substantial floating drawdown.
• Martingale strategies can rapidly increase position exposure.
• Averaging can result in larger losses during prolonged trends.
• Aggressive settings require careful capital and risk management.
• Historical results should not be treated as guaranteed future performance.

For traders who are new to automated trading, starting with the Primary Sets without Grid/Martingale on a demo account can provide a more controlled way to evaluate the EA before considering more aggressive configurations.

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Pros and Cons

Pros

• Long-running Forex Expert Advisor.
• Developed since 2016.
• Continuous updates and new settings.
• Dedicated MT5 version.
• Multiple trading configurations.
• Conservative sets without Grid or Martingale.
• Stop Loss used in Primary Sets.
• Aggressive Grid/Martingale configurations available.
• Supports many Forex currency pairs.
• Automatically uses data from multiple timeframes.
• Can operate on different chart timeframes.
• Suitable for different trading styles.
• Settings developed using real-account trading experience.
• Free updates according to the developer.
• Multiple activations for computers or VPS environments.

Cons

• Results can vary depending on the selected set.
• Scalping strategies are sensitive to spreads and execution.
• Modified sets carry significantly higher Grid/Martingale risk.
• Averaging can increase account exposure quickly.
• Conservative settings can still experience losing periods.
• Requires careful selection of currency pair and configuration.
• Historical performance does not guarantee future profitability.
• Aggressive configurations may not be suitable for inexperienced traders.

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How to Install FrankoScalp MT5

Step 1: Install MetaTrader 5

Install MetaTrader 5 and log in to a compatible Forex trading account.

Step 2: Install FrankoScalp MT5

Copy the FrankoScalp MT5 Expert Advisor into the appropriate MQL5/Experts folder and restart or refresh MetaTrader 5.

Step 3: Download the Latest Settings

Use the latest settings package supplied by the developer.

The configurations are divided into two main folders:

• Without GridMartin – Primary Sets for the more conservative approach.
• With GridMartin – Modified Sets using averaging, Grid, and Martingale methods.

Always use settings appropriate for the specific currency pair and trading conditions.

Step 4: Choose a Currency Pair

Select a supported currency pair for which an appropriate configuration is available.

Examples include EURUSD, GBPUSD, USDJPY, AUDUSD, EURJPY, USDCAD, and other supported pairs.

Step 5: Attach the EA to a Chart

Attach FrankoScalp MT5 to the selected chart.

The EA can work on different timeframes because it automatically retrieves the necessary data from multiple timeframes.

Step 6: Configure the Settings

Load the appropriate set file and review:

• Lot size.
• Risk settings.
• Trading parameters.
• Stop-loss configuration.
• Grid/Martingale options, if applicable.
• Currency pair.
• Other EA-specific parameters.

Step 7: Check Time Synchronization

Verify that the EA’s automatic time adjustment is functioning correctly before starting live trading.

Correct time synchronization is important because automated strategies can depend on accurate market-session and server-time calculations.

Step 8: Test Before Going Live

Run the EA on a demo account first. Monitor trades, drawdown, execution, spread, and overall behavior.

Only consider live deployment after you fully understand the selected configuration and its associated risks.

Real User Reviews and Feedback

🔺 FrankoScalp MT5 is highly appreciated by the MQL5 community for bringing stable and reliable profits. Below are 5 star reviews from users:

User Reviews

What’s Included in the Download Package?

🔺 Experts:

• Setting (If Any).docx
• Installation Guide.docx

🔺 Presets:

• Samurai SL MT5.set
• Modern SL MT5.set
• Samurai GM MT5.set
• Modern GM MT5.set

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Final Thoughts

FrankoScalp MT5 is a long-established Forex scalping Expert Advisor that stands out because of its continuous development and broad range of trading configurations.

The EA offers two fundamentally different approaches. The Primary Sets focus on conservative scalping with Stop Loss protection and without Grid or Martingale, while the Modified Sets use averaging, Grid, and Martingale techniques for traders willing to accept substantially higher risk.

Its support for numerous currency pairs and multi-timeframe data analysis gives traders considerable flexibility. The long-term development history is also an important characteristic, as the system continues to receive updated settings rather than relying exclusively on configurations created many years ago.

For risk-conscious traders, the Without GridMartin configurations may be the most appropriate place to begin. More experienced traders who understand the risks of averaging and Martingale strategies may evaluate the aggressive configurations separately.

Ultimately, FrankoScalp MT5 should be viewed as a trading tool rather than a guaranteed profit system. Proper set selection, broker conditions, account size, risk management, and continuous monitoring remain essential for responsible automated Forex trading.

Risk Disclaimer: Forex trading involves substantial risk. Past performance, backtests, live trading results, and developer claims do not guarantee future results. Never risk money you cannot afford to lose.