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    Home » FrankoScalp Review: Is It a Good Robot to Buy In 2021?
    Automated Trading Forex Robots

    FrankoScalp Review: Is It a Good Robot to Buy In 2021?

    August 16, 20214 Mins Read
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    FrankoScalp
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    FrankoScalp is a Forex robot that was published on MQL5. The robot is one of longlifers because it was released on May 22, 2019. The system hasn’t received updates for a long time. So, in this review we will check whether this Forex EA is valid in 2021.

    Key features

    We have some details, settings, and other information explained. 

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    • The advisor can open orders automatically. We may just relax and do nothing. 
    • The system can be used on the MT5 terminal. 
    • The system was well-tested and checked. 
    • We may enjoy the best possible settings in the comments. 
    • We can trade the following pairs: USDCHF, EURCHF, CADCHF, USDCAD, EURUSD, EURGBP, EURAUD, EURCAD, GBPUSD, GBPAUD, GBPCAD, NZDCAD, NZDUSD, AUDUSD, AUDCAD, AUDJPY, CHFJPY, USDJPY, EURJPY, and USDSGD. 
    • We can purchase the MT5 version of the system. 
    • The GMT Offset is an important part of using this robot. 
    • The robot can set GMT Offset automatically.
    • It works with all charts from a single one. 
    • The backtest should be executed in the M1 time frame. 
    Franko Scalp parameters
    Franko Scalp parameters
    • The system includes many settings that we can customize. 
    FrankoScalp pricing
    FrankoScalp pricing

    The system is available for $238 for a digital copy for a lifetime. We can use two subscription options. The one-month subscription costs $30 when a three-month one costs $60. We can use a demo copy for checking the robot on the terminal. 

    FrankoScalp trading approach

    • The system scalps during the night hours. 
    •  It works with 20 pairs.
    • The time frame can be M1. 

    Backtesting results

    FrankoScalp backtest report
    FrankoScalp backtest report

    The robot has executed a backtest on the M1 time frame on USDCHF with 1:500 leverage. An initial deposit of $1000 has become $10,846 of the total net profit. The maximum drawdown was 9.62%. The profit factor was 7.97. The recovery factor was 11.11. It closed  243 orders. The win rate was 98% only for the long direction. 

    FrankoScalp live trading results

    FrankoScalp trading results
    FrankoScalp trading results

    The system worked on a real account on IC Markets automatically with 1:500 leverage. The account has a verified track record and verified trading privileges. It was created on May 03, 2020, and deposited at $250. Since then, the absolute gain amounted to 84.8%. An average monthly gain was 4.22%. The maximum drawdown was 12.82%. 

    FrankoScalp trading details
    FrankoScalp trading details

    The system traded 406 deals with 1179 pips. An average win was 5.05 pips when an average loss was -26.06 pips. The win rate was 93% for longs and 92% for shorts. An average trade length was almost seven hours. The profit factor is 2.67. 

    FrankoScalp direction details
    FrankoScalp direction details

    GBPUSD was the only traded symbol. 

    FrankoScalp hourly activities
    FrankoScalp hourly activities

    The robot opened orders two hours before midnight. 

    FrankoScalp daily activities
    FrankoScalp daily activities

    The advisor traded during a week equally. 

    FrankoScalp risks
    FrankoScalp risks

    It ran the account with medium risks to the balance. 

    FrankoScalp closed orders
    FrankoScalp closed orders

    We can see hidden Stop Loss and Take Profit levels from a broker not to be hunted. 

    FrankoScalp monthly profits
    FrankoScalp monthly profits

    The system traded with various profitability. 

    What are the risks with FrankoScalp?

    The system doesn’t have present trading results. So, the risks can be high because the advisor stopped fitting the current market conditions. 

    Worth noting!

    FrankoScalp developer’s profile
    FrankoScalp developer’s profile

    The developer is from Russia. He has an 18,297 rate from 18 products. People rated products 455 times. 

    FrankoScalp testimonials
    FrankoScalp testimonials

    Some clients couldn’t be profitable with this solution and it seems to us that the developer didn’t know how to solve this issue. 

    What are the pros & cons of investing in FrankoScalp?

    ProsCons
    Backtest reports providedNo risk advice given 
    Trading results sharedThe robot was stopped from running a real account even not looking at the last 20 winning orders
    We don’t have a refund policy to protect our deal
    The robot has many negative testimonials
    Markets are invaded by algorithms
    Secure your passive income with algo-based trading systems
    Learn more

    FrankoScalp Conclusion

    36% Summary

    FrankoScalp had some good results several weeks ago, but the owner decided to stop making money. It looks weird and suspicious. We’d like to keep waiting for actual trading results because advisors like scalpers need to be consistently updated, like once a month or two months, to be sharp and not to fail.

    • Features 2
    • Pricing 6
    • Strategy 3
    • Performance 4
    • Reliability 3
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