Introduction: Unveiling the FrankoScalp Trading Robot
A trading robot, or expert advisor (EA), is not exactly a new player in the world of Forex trading. But every now and then, a bot like FrankoScalp comes along that gets traders whispering excitedly in forums. While some are more than content with its performance, others, like us at the EASY Trading Team, always maintain a healthy dose of skepticism. But don’t take our word for it, why not dive into the world of FrankoScalp and decide for yourself?
Installation and Setting up FrankoScalp
Remember, the installation of any EA, including FrankoScalp, is only as good as the person installing it. So, to install the FrankoScalp EA, you'll first need to move the robot file to the MQL5 Experts folder on your machine. Sounds complicated? Don't worry, we've got you covered.
Step 1: Open your MetaTrader 5, and click File > Open Data Folder.
Step 2: Open the MQL5 folder and then the Experts folder.
Step 3: Copy the FrankoScalp.ex5 file to this Experts folder.
Step 4: Restart MT5 and the EA should appear in your Navigator window.
As for settings, keep in mind that not one size fits all approach works. Feel free to experiment with different settings, but remember to keep risk management in mind.
Experience with Using FrankoScalp
So, we've taken the FrankoScalp EA for a spin. And while it didn't do any loop-de-loops or gravity-defying tricks, it did a pretty good job. It might not be the 'uniquely working adviser' according to our friend Pavel Malyshko, but the bot does show promise.
However, it's important to remember that just like any EA, it won't promise you an endless influx of profits. Not even the 'very good accuracy when deciding to enter the market' mentioned by Ardjuna can guarantee that.
Tips to Enhance FrankoScalp's Performance
Just to throw in our two cents, you might want to consider running FrankoScalp on a VPS for better connection, setting appropriate stop loss and take profit levels, and not loading the EA with excessive capital.
The Source Code of FrankoScalp
Ah, the source code, the DNA of the trading robot. Unfortunately, the actual source code of the original FrankoScalp that's being sold on MQL5 is something that we don’t have access to. But based on the bot's functionality description on MQL5, we can generate a representative code.
If you have questions about the code, feel free to ask them. Please note, though, that this is a code sample provided by easytradingforum.com, based on the bot's description. The EASY Trading Team does not sell the FrankoScalp– instead, we've created an EA code based on its description.
Code:
You don't have permission to view the code content. Log in or register now.Downloading FrankoScalp: Your Gateway to Automated Trading
Now that we've taken you on a detailed tour of the FrankoScalp trading robot, are you ready to take it for a spin? You can download the FrankoScalp EA directly from the official site. And remember, if you need help, you've got the whole EASY Trading Team at your disposal. Happy trading!