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CEF Silicon Falcon is an MT4 expert advisor that scans recent price channels and places pending stop orders just outside them. It is designed mainly for EURUSD on H1 and includes spread, spike, rollover and session filters.
Get one message the moment it launches, with its price.
CEF Silicon Falcon is an automated trading tool for MetaTrader 4. It looks back over recent price action for short-term channels, then places pending buy and sell orders just beyond the channel edges so that a breakout can trigger an entry. It is designed mainly for EURUSD on the H1 chart.
The expert scans a set number of past bars for a price channel, using a channel length you define. It also checks how many bars have passed since the channel high or low, which acts as a signal bar. When the conditions are met, it places a buy stop above the channel high and a sell stop below the channel low, each shifted by an offset you choose.
Several settings limit how crowded the order book becomes: a maximum number of pending orders, a minimum pip spacing between entries and past positions, and a minimum distance from the current bid or ask for new orders.
The expert can cancel orders when the spread exceeds your limit, or when a one-minute spike is larger than the size you set, and then pause for a timeout period. Rollover protection removes orders near the broker rollover time and temporarily widens stops on open trades. Session controls cover trading hours, a Friday exit, NFP days and the Christmas and New Year break. A FIFO option is available for brokers that require it.
The default design targets EURUSD on H1. The entry algorithm period is adjustable, and other symbols can be tried, but pip-based settings do not transfer between pairs, so test each one separately.
The exact default values depend on the version you download, so read them in the inputs tab after loading the expert. The main groups are:
| Group | What it controls |
|---|---|
| Money management | Automatic lot sizing with a risk setting, or a fixed lot size |
| Channel and entry | Algorithm period, channel period, bars after signal, look-back, order offsets, spacing |
| Exits | Target profit, stop loss, trailing stop, trail step, break even and lock-in pips |
| Time filters | Time source (GMT, broker or local), trading hours, Friday exit, day-of-week and holiday switches |
| Protection | Rollover hour and distance, maximum spread, spike size, timeout, FIFO mode |
| Identification | Trade comment and magic number |
Pending-order breakout systems can be filled during fast moves and wide spreads, and slippage can differ from back-tests. Check your broker's spread, execution speed and rollover time, and use the tester in every-tick mode with realistic spreads before trading live.
Trading carries risk, and past results do not predict future ones. Test on a demo account first and never risk money you cannot afford to lose.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 |
| Strategy focus | Scalping, Signals |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (automated trading) |
| Trade style | Pending-order channel breakout, short-term scalping |
| Primary market | EURUSD; other pairs need their own settings |
| Primary timeframe | H1 (entry algorithm period is adjustable) |
| Lot sizing | Fixed lot or automatic, risk-based |
| Exit controls | Take profit, stop loss, trailing stop, break even |
| Requirements | Algo trading enabled; a low-spread broker is advisable |
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It is built for MetaTrader 4. It will not load in MetaTrader 5, so check which platform your broker account uses before buying.
The tool was designed mainly for EURUSD on the H1 chart. Other pairs can be tried, but their settings (channel length, offsets, stop and target distances) will need to be tested by you on a demo account first.
Extract the download, copy the expert file into the MQL4/Experts folder of your MT4 data directory (File > Open Data Folder), then restart the terminal or refresh the Navigator. Drag the expert onto a chart and enable algo trading.
It runs on most MT4 brokers, but spread, rollover time and order rules differ between them. Set the rollover hour to match your broker, and enable the FIFO option if your broker requires it. Check the maximum spread and minimum stop distance rules with your broker.
Yes, but give each instance its own magic number so that orders from different charts or strategies on the same account are not mixed up.
No. Trading carries risk, and back-test or past results do not predict future ones. Test on a demo account and size positions to what you can afford to lose.
CEF Silicon Falcon
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