Profitable FrankoScalp EA forex robot


I’ve been growing, testing and correcting this automated scalping system for a very long time: Essentially the most secure outcomes have been achieved on forex pairs with Swiss Franc, which implies increased profitability and decrease drawdown as in comparison with different symbols.

Highlights to concentrate to

  1. Throughout reside operation of the EA, the GMT offset parameter is decided routinely primarily based on native time of the pc (GMT_Offset_AUTO=true).

This parameter offers synchronization of the skilled settings with the MetaTrader 4 server time.

To make sure the correctness of settings it’s essential:

to match the GMT time in skilled info space on the chart of forex pair, to which the skilled is connected, with (or different dependable supply).
If the values don’t match, then set GMT_Offset_AUTO=false and set a price of GMT_Offset_Manual based on the directions

  1. In an effort to activate the Information filter operate, allow “Permit WebRequest” and add to the URL checklist for WebRequest.

To do that, open Instruments > Choices > Skilled Advisors. Verify the choice “Permit WebRequests for listed URL:”. Add and click on OK.

The EA comprises an information archive (01.01.2015 – 13.08.2017), which is used for testing.

  1. By default, within the EA settings, the danger per commerce is ready to 3.6%.

After testing on actual accounts this parameter might be modified relying in your preferences. I like to recommend utilizing a hard and fast lot or a restoration cash administration.

  1. The skilled works on any timeframe equally effectively, because it routinely takes the required knowledge from a number of timeframes.

Because the skilled makes use of a number of timeframes for the evaluation, it’s essential for the quotes of all timeframes (M1, M15, M30, H1, H4) to be downloaded within the terminal for testing. On the similar time, the testing itself might be carried out on any timeframe.

  1. For brokers with the rule “First In First Out”, allow the parameter FIFO_MODE = true.
  2. The EA logs info on unfold, slippage and different helpful info when performing trades, and in addition when it’s potential to make trades.

To put in writing this info, set the parameter Record_Deals = true;

To view this info:

set the parameter Record_Deals = false;
go to MQL4/Information within the terminal folder and open the corresponding file;
after viewing, shut the file and set the Record_Deals parameter to true for subsequent recording.
Essential Parameters
==== GMT and DST ====
GMT_Offset_Manual – the distinction between your dealer’s server time and GMT.
GMT_Offset_AUTO – allow/disable the automated detection of GMT Offset, utilizing the native laptop time (doesn’t work within the technique tester).
Adjust_DST_Universal – allow/disable Daylight Saving Time correction (for the tester).
==== Lot and MM ====
Use_Fix_Lots – allow/disable mounted buying and selling lot;
Use_MM – allow/disable the lot worth as a p.c of deposit primarily based on StopLoss;
Use_MM_Reg – allow/disable restoration cash administration (buying and selling lot is not going to lower in case of drawdowns);
==== Days with out Commerce ====
Use_Holidays_Pass – don’t commerce throughout the holidays.
==== File of offers within the file ====
Record_Deals – allow/disable logging of the EA operation particulars in a file.
==== First In – First Out ====
FIFO_MODE – allow/disable the First In First Out mode.
==== Information Filter ====
Use_NewsFilter – use the information filter;
==== Methods choose ====
use_select_Strategy – choose technique from 1 to 6 utilizing optimization within the Technique Tester.
==== TIMING ====
GMT_Open_Trade_Hour – hour to begin opening trades, GMT;
GMT_Open_Trade_Minute – minute to begin opening trades, GMT;
Period_Open_in_minute – time period for opening trades in minutes;
GMT_Monday_OH – time to begin opening trades on Monday;
GMT_Friday_CH – time to cease opening trades on Friday;