FrankoScalp EA V4.2 MT4

FrankoScalp EA V4.2 for MT4 is a sophisticated trading tool designed to execute scalping strategies during low-volatility market periods, specifically avoiding major news events. It operates on the MetaTrader 4 (MT4) platform and is compatible with a wide range of currency pairs.

Key Features

Minimum Deposit:

• The EA is designed to work with various account sizes. While a specific minimum deposit isn’t explicitly stated, users have reported starting with deposits as low as $100-$500. It’s advisable to ensure sufficient capital to accommodate potential drawdowns and to adhere to proper risk management practices.

Time Frame:

• FrankoScalp EA operates effectively on the M1 (1-minute) time frame. This allows the EA to capitalize on short-term market movements, making it suitable for scalping strategies IN M5 (5-Minute Chart) also.

Supported Currency Pairs:

• The EA supports a diverse range of currency pairs, including:
  • USDCHF
  • EURCHF
  • CADCHF
  • USDCAD
  • EURUSD
  • EURGBP
  • EURAUD
  • EURCAD
  • GBPUSD
  • GBPAUD
  • GBPCAD
  • NZDCAD
  • NZDUSD
  • AUDUSD
  • AUDCAD
  • AUDJPY
  • CHFJPY
  • USDJPY
  • EURJPY
  • USDSGD

  This extensive list enables traders to diversify their trading portfolios and adapt to various market conditions.

Trading Strategy:

• Primary Sets:
  • FrankoScalp EA employs a scalping strategy during periods of low market volatility, deliberately avoiding high-impact news events to minimize risk.
  • Each trade is protected by a Stop Loss, ensuring a conservative trading approach.
  • The EA avoids the use of risky methods such as grid and martingale strategies, focusing instead on precise entry and exit points based on technical analysis.
• Modified Sets:
  • For traders seeking a more aggressive approach, the EA offers modified settings that utilize averaging positions instead of a fixed Stop Loss, incorporating grid and martingale techniques.
  • Despite this, over 95% of trades are successfully closed without the need for averaging, thanks to the robust foundation provided by the primary strategy.
• Execution:
  • The EA analyzes multiple time frames and technical indicators to identify optimal entry and exit points.
  • It operates fully automatically, requiring minimal manual intervention, and includes features such as a news filter to avoid trading during high-impact events.

By adhering to these strategies, FrankoScalp EA aims to provide consistent returns while minimizing exposure to market volatility. Its adaptability to various currency pairs and time frames makes it a versatile tool for traders seeking both conservative and aggressive trading opportunities.