Falcon F2: Free MT4 Expert Advisor

Overview

The robot acts as an execution interface for predictions generated outside the platform, such as those from R-based models or a Decision Support Centre. It enters trades when predicted price changes exceed a specific threshold and manages exits using fixed pips, volatility-based stops, or time-based expiration logic. Risk management features include percentage-based position sizing, maximum position limits, and an automatic Friday market closure. It requires external data files to provide the trading signals for execution.

External model-based signal interpretation

Volatility-based stop loss and take profit

Percentage-based risk and position sizing

Automatic Friday trade closure logic

Details

Author

vzhomeexperiments on GitHub

Type

Trading robot

Platform

MetaTrader 4 (MQL4)

Strategy

AI / machine learning

Markets

Any symbol

Timeframes

M15-H1

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_F2.mq4

Source

github.com/vzhomeexperiments/FALCON_F2

Input parameters

Read from Falcon_F2.mq4. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`Header1`	`string`	`----------EA General Settings-----------`
`StrategyNumber`	`string`	`39`
`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
`Header2`	`string`	`----------Trading Rules Variables -----------`
`entryTriggerM60`	`int`	`100`	trade will start when predicted value will exceed this threshold
`predictor_periodH1`	`int`	`60`	predictor period in minutes
`period_Bars_CloseOrder`	`int`	`60`	period in minutes to count order close bars

Show all 40 inputs

Name	Type	Default	Description
`closeAllOnFridays`	`bool`	`False`	close all orders on Friday 1hr before market closure
`use_market_type`	`bool`	`True`	use market type trading policy
`UseDSSInfoList`	`bool`	`True`	option to track DSS info using a ticket number
`Header3`	`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)
`MaxPositionsAllowed`	`int`	`10`
`Header4`	`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`	`6`	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`	`6`	Take Profit Amount in units of Volatility
`Header5`	`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`
`VolBasedTPMultiplier_Hidden`	`double`	`0`	Take Profit Amount in units of Volatility
`Header6`	`string`	`----------Breakeven Stops Settings-----------`

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone vzhomeexperiments/FALCON_F2 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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Overview

Details

Author

Type

Platform

Strategy

Markets

Timeframes

Risk profile

EA files

Source

Input parameters

How to install it

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