Falcon F2 3
Falcon F2 3 is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. It raises the lot size after losses (martingale — high risk), places pending orders and moves the stop behind price. It has 40 settings, for example Header1 (default ----------EA General Set), Magic Number (default 8139201) and Terminal Type (default 1). Watch it on a demo account for a while — robots can behave differently with each broker. Inside: 1 EA file with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Expert advisor · MT4 · v1.0 · Free
About Falcon F2 3
Falcon F2 3 is an expert advisor (trading robot) for MetaTrader 4. It increases the lot size after a losing trade (martingale), places pending buy/sell stop or limit orders and moves the stop loss behind price (trailing stop / break-even). It has 40 settings, such as Header1, Magic number and Terminal type. MQL source code included.
It also trades only in the hours you set (time filter), can size trades from your balance and risk percent and is built for short scalping trades.
Files in the download: Falcon_F2.mq4.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Header1 | ----------EA General Settings----------- | |
| Magic number | 8139201 | Magic number that tells this EA's orders apart |
| Terminal type | 1 | 0 mean slave, 1 mean master |
| R management | true | R_Management true will enable Decision Support Centre (using R) |
| Slippage | 3 | In Pips |
| Is ec nbroker | false | Is your broker an ECN |
| On journaling | false | Add EA updates in the Journal Tab |
| Enable dashboard | True | Turn on Dashboard |
| Header2 | ----------Trading Rules Variables ------ | |
| Robot behavior | daily | "scalper", "daily", "longterm" |
| Use predicted sl | True | |
| Use predicted tp | True | |
| Time max hold m1 | 75 | max order close time in minutes |
| Time max hold m15 | 1125 | max order close time in minutes |
| Time max hold m60 | 4500 | max order close time in minutes |
| Entry trigger m1 | 20 | trade will start when predicted value will exceed this threshold |
| Entry trigger m15 | 50 | trade will start when predicted value will exceed this threshold |
| Entry trigger m60 | 100 | trade will start when predicted value will exceed this threshold |
| Stop loss factor m1 | 2 | SL factor from 0.75 up to 2 multiplied by predicted TP |
| Stop loss factor m15 | 0.8 | SL factor from 0.75 up to 2 multiplied by predicted TP |
| Stop loss factor m60 | 0.8 | SL factor from 0.75 up to 2 multiplied by predicted TP |
| Take prof factor m1 | 1 | TP factor from 0.25 to 1 multiplied by predicted TP |
| Take prof factor m15 | 1 | TP factor from 0.25 to 1 multiplied by predicted TP |
| Take prof factor m60 | 1 | TP factor from 0.25 to 1 multiplied by predicted TP |
| Predictor period m1 | 1 | predictor period in minutes |
| Predictor period m15 | 15 | predictor period in minutes |
| Predictor period h1 | 60 | predictor period in minutes |
| Close all on fridays | True | close all orders on Friday 1hr before market closure |
| Use market type | True | use market type trading policy |
| Header3 | ----------Position Sizing Settings------ | |
| Lot explanation | If IsSizingOn = true, Lots variable will | |
| Lots | 0.01 | Trade size in lots |
| Is sizing on | False | |
| Risk | 1 | Risk per trade (in percentage) |
| Max positions allowed | 1 | Maximum number of open trades |
| Header4 | ----------TP & SL Settings----------- | |
| Use fixed stop loss | True | If this is false and IsSizingOn = True, sizing algo will not be able to calculate correct lot size. |
| Fixed stop loss | 0 | Hard Stop in Pips. Will be overridden if vol-based SL is true |
| Is volatility stop on | True | |
| Vol based sl multiplier | 4 | Stop Loss Amount in units of Volatility |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Experts.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the expert advisor from the Navigator onto a chart, check the settings, allow Algo/Auto Trading and press OK.
- Test it first on a demo account or in the Strategy Tester.
Tags: Martingale · Pending Orders · Trailing Stop & Break-even · Time Filter · Risk & Lot Size · Scalping · MT4 Expert Advisor · MQL4 Source Code