Falcon F: Free MT4 Expert Advisor

Overview

Falcon F analyzes indicator patterns across M1, M15, and H1 timeframes to predict price changes and trade direction up to 100 hours ahead. The expert advisor enters trades based on multi-timeframe alignment and predicted price targets. Risk management features include volatility-based stop loss and take profit levels, percentage-based lot sizing, and a time-based exit filter to close trades after a maximum holding period.

Supervised deep learning prediction system

Multi-timeframe trend and price change analysis

Volatility-based stop loss and take profit

Decision Support Centre integration via R

Maximum order hold time filter

Details

Author

VjSwamy on GitHub

Type

Trading robot

Platform

MetaTrader 4 (MQL4)

Strategy

AI / machine learning, Trend following

Markets

Any symbol

Timeframes

M15-H1, H4 and above

Risk profile

No grid, martingale or hedging logic was found in its code or README. That says nothing about how it performs: backtest it first.

EA files

Falcon_F.mq4

Source

github.com/VjSwamy/FALCON_F

Input parameters

Read from Falcon_F.mq4. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`Header15`	`string`	`----------EA General Settings-----------`
`MagicNumber`	`int`	`8137201`
`TerminalType`	`int`	`1`	0 mean slave, 1 mean master
`R_Management`	`bool`	`true`	R_Management true will enable Decision Support Centre (using R)
`Slippage`	`int`	`3`	In Pips
`IsECNbroker`	`bool`	`false`	Is your broker an ECN
`OnJournaling`	`bool`	`true`	Add EA updates in the Journal Tab
`EnableDashboard`	`bool`	`True`	Turn on Dashboard
`Header1`	`string`	`----------Trading Rules Variables -----------`
`TimeMaxHold`	`int`	`1125`	max order close time in minutes
`entryTriggerM15`	`int`	`50`	trade will start when predicted value will exceed this threshold
`stopLossFactor`	`double`	`0.75`	SL factor from 0.75 up to 2 multiplied by predicted TP

Show all 40 inputs

Name	Type	Default	Description
`takeProfitFactor`	`double`	`1`	TP factor from 0.25 to 1 multiplied by predicted TP
`usePredictedTP`	`bool`	`True`	system will use predicted TP amount
`usePredictedSL`	`bool`	`True`	system will use predicted SL amount as 3/4 of predicted TP
`predictor_periodM1`	`int`	`1`	predictor period in minutes
`predictor_periodM15`	`int`	`15`	predictor period in minutes
`predictor_periodH1`	`int`	`60`	predictor period in minutes
`Header2`	`string`	`----------Position Sizing Settings-----------`
`Lot_explanation`	`string`	`If IsSizingOn = true, Lots variable will be ignored`
`Lots`	`double`	`0.01`
`IsSizingOn`	`bool`	`False`
`Risk`	`double`	`1`	Risk per trade (in percentage)
`Header3`	`string`	`----------TP & SL Settings-----------`
`UseFixedStopLoss`	`bool`	`True`	If this is false and IsSizingOn = True, sizing algo will not be able to calculate correct lot size.
`FixedStopLoss`	`double`	`0`	Hard Stop in Pips. Will be overridden if vol-based SL is true
`IsVolatilityStopOn`	`bool`	`True`
`VolBasedSLMultiplier`	`double`	`3`	Stop Loss Amount in units of Volatility
`UseFixedTakeProfit`	`bool`	`True`
`FixedTakeProfit`	`double`	`0`	Hard Take Profit in Pips. Will be overridden if vol-based TP is true
`IsVolatilityTakeProfitOn`	`bool`	`True`
`VolBasedTPMultiplier`	`double`	`4`	Take Profit Amount in units of Volatility
`Header4`	`string`	`----------Hidden TP & SL Settings-----------`
`UseHiddenStopLoss`	`bool`	`False`
`FixedStopLoss_Hidden`	`double`	`0`	In Pips. Will be overridden if hidden vol-based SL is true
`IsVolatilityStopLossOn_Hidden`	`bool`	`False`
`VolBasedSLMultiplier_Hidden`	`double`	`0`	Stop Loss Amount in units of Volatility
`UseHiddenTakeProfit`	`bool`	`False`
`FixedTakeProfit_Hidden`	`double`	`0`	In Pips. Will be overridden if hidden vol-based TP is true
`IsVolatilityTakeProfitOn_Hidden`	`bool`	`False`

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone VjSwamy/FALCON_F from GitHub, and unzip it.

2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL4/Experts.

3Copy the filesCopy the .mq4 file into Experts.

4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.

5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.

Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.

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