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This post provides the official Falcon FX User Manual in PDF format. The guide is designed to help users install, configure, test and run Falcon FX correctly on their trading account.
The manual covers the complete setup process from installation to live trading.
WHAT IS INCLUDED IN THE GUIDE
The Falcon FX User Manual includes:
• Falcon FX overview and trading workflow
• MT4 installation instructions
• EA installation into the MQL4/Experts folder
• WebRequest configuration
• License key activation
• Complete input settings reference
• Risk and position sizing configuration
• Trading symbol configuration
• Drawdown protection
• News filter settings
• Rollover and swap protection
• Going-live checklist
• MT4 Strategy Tester backtesting guide
• How to read backtest results
• Live signal information
• Broker requirements
• VPS setup and configuration
• Troubleshooting and FAQ
• Final installation and safety checklist
HOW FALCON FX WORKS
Falcon FX is designed for Forex scalping on MetaTrader 4 and 5 and uses an M5 chart.
The EA can scan multiple Forex pairs from a single chart. The core pairs included in the default configuration are:
- EURUSD
- GBPUSD
- AUDUSD
- AUDCAD
Before opening a trade, the system checks multiple conditions including market structure, trend strength, momentum, volatility, session timing and optional news conditions.
The objective is to filter trading opportunities rather than continuously open positions.
INSTALLATION
The manual provides a step-by-step installation process.
Users can install Falcon FX by placing the EA file inside:
MQL4 → Experts
After installation, the EA is attached to an EURUSD M5 chart.
Only one chart is required for the default multi-pair configuration.
LICENSE ACTIVATION
Falcon FX uses account-based licensing.
After purchasing the EA, users can request their license key and register the MT4 account numbers on which they intend to run the robot.
The manual explains exactly where the license key should be entered and how to verify that the EA is connected correctly.
RISK MANAGEMENT
Falcon FX includes several risk-management options, including:
• Fixed lot sizing
• Risk-per-trade sizing
• Maximum daily loss
• Maximum active trading pairs
• Maximum currency exposure
• Drawdown protection
• Spread protection
• Slippage protection
• Rollover protection
• Optional news filtering
The manual also includes a starter configuration intended for users who want to begin with a more conservative setup.
BACKTESTING
The guide explains how to run Falcon FX through the MT4 Strategy Tester.
It covers:
• Selecting the Expert Advisor
• Selecting the trading symbol
• Using the M5 timeframe
• Choosing the testing model
• Selecting the testing period
• Setting the spread
• Configuring the initial deposit
• Running the test
• Reading the Graph and Report tabs
The manual also explains why backtest results should be treated as historical simulations rather than guarantees of future performance.
BROKER REQUIREMENTS
Because Falcon FX is designed for scalping, execution conditions can have an important effect on results.
The guide discusses:
• Spread
• Slippage
• Execution speed
• ECN / RAW account types
• Hedging accounts
• Leverage
• Broker symbol suffixes
• Broker server time / GMT offset
Users should always verify the current conditions and regulations applicable to their own broker and country.
VPS
Falcon FX is designed to run while MetaTrader is connected to the broker.
The manual therefore includes a complete VPS section covering:
• What a VPS is
• Windows VPS setup
• Installing MT4 on a VPS
• Installing Falcon FX
• Automatic MT4 startup
• MQL5 built-in VPS
• Preventing duplicate EA execution
A VPS is strongly recommended when the EA is intended to operate continuously during the trading week.
LIVE SIGNAL
Falcon FX also has a public live trading signal on MQL5 where users can inspect the trading activity and historical performance of the system.
Live trading results can vary depending on broker conditions, execution, account settings, risk parameters and other factors.
IMPORTANT
Falcon FX is an automated trading software and does not guarantee profits.
Forex and leveraged trading involve substantial risk and may result in partial or complete loss of capital.
Backtest results are simulations and cannot reproduce every condition of live trading, including actual slippage, liquidity and variable commissions.
Users should start with an appropriate risk level and only trade with money they can afford to lose.
The complete Falcon FX User Manual is attached to this post for reference.
Files:
