Happy Falcon

Happy Falcon

Overview

Happy Falcon is a sophisticated grid-based trading system designed for MT4, optimized for AUDCAD M15. It operates by Mean Reversion / Trend Breakout system that uses a grid (averaging) strategy.

Key Functions

• Built-in risk tiers (Low, Medium, and High Risk).
• By Martingale, each trade multiplies the previous lot by Lot Multiplier.
• By Dynamic, calculates lot size based on account equity (e.g., X lots per $1,000 equity).
• Drawdown Reduction, it is a "recovery" function when the grid reaches a certain number of orders, the EA tries to close the oldest (most losing) trade along with the newest (most profitable) trade as soon as their combined profit reaches a small target. This helps "shave off" the dangerous parts of the grid without waiting for the whole basket to turn profitable.
• Hidden Money Management, does not send TP or SL to the broker. It monitors the "Basket Floating P/L" and closes all trades immediately.

Trading Strategy

Entry Phase:

The EA uses Breakout Logic combined with an ATR (Average True Range) Filter:

• Filter: It checks the ATR to ensure there is enough market volatility. If the market is too "flat," it stays in "Waiting ATR" status.
• Trigger: It looks back at a specific number of bars. If the price breaks the High or Low of that range, it enters.
• Reversal:  If Reversal is use, it trades against the breakout otherwise it trades with the momentum.

Grid Phase

• Additional order will be waited for the price to move a specific distance against the position.
• Time Gap to prevent opening too many orders during a single volatile spike.
• It opens "recovery" orders with increasing lot sizes to bring the Break-Even price closer to the current market price.

Exit Phase

Dynamically adjusts its goal based on the "stress" of the grid:

• Early Stages: Aims for the full Daily Target Profit.
• Later Stages: If the grid grows larger, it switches to Revised Target Profit to exit the market safely.