Falcon Swing Pro EA – User Guide
Overview
The Falcon Swing Pro EA is a swing trading system for MetaTrader 5 that combines:
• RSI Divergence – Detects bullish/bearish divergences between price and RSI.
• EMA Trend Filter – Confirms overall market direction.
• Bollinger Midline Cross – Triggers precise entries when price crosses the midline.
This combination aims to capture high-probability swing reversals aligned with the trend.
Inputs & Parameters
General
• EA Name: Default "Falcon Swing Pro".
• Magic Number: Unique ID for trade management.
Trading Direction
• Allow Long (true/false) – Enable/disable buy trades.
• Allow Short (true/false) – Enable/disable sell trades.
Indicators
• EMA Period: Default 100 – Used as trend filter.
• RSI Period: Default 14 – For divergence detection.
• Bollinger Period: Default 20 – Midline cross confirmation.
• Bollinger Deviations: Default 2.0 (not directly used for midline but kept for
completeness).
Divergence Detection
• Swing Left/Right: Default 3 – Bars required to define swing highs/lows.
• Lookback Bars: Default 200 – Max bars used to detect divergence.
Risk Management
• Use Risk %: true/false.
• Risk % per Trade: e.g. 1.0 (risk 1% per trade).• Fixed Lots: Used if Use Risk % = false.
• ATR Period: Default 14.
• Stop Loss (ATR Multiplier): e.g. 2.0.
• Take Profit (ATR Multiplier): e.g. 3.0.
• Use Trailing Stop: true/false.
• Trailing Stop (ATR Multiplier): e.g. 1.5.
Filters
• Max Spread (points): Default 30 – Skip trading if spread too high.
• Cooldown Bars: Default 10 – Minimum bars between trades.
Misc
• Show Signals: true/false – Draw arrows on chart when signals occur.
Strategy Logic
Long Entry
1. RSI bullish divergence detected (price lower low, RSI higher low).
2. Price above EMA (trend up).
3. Price crosses above Bollinger midline.
→ EA places a Buy order with ATR-based SL/TP.
Short Entry
1. RSI bearish divergence detected (price higher high, RSI lower high).
2. Price below EMA (trend down).
3. Price crosses below Bollinger midline.
→ EA places a Sell order with ATR-based SL/TP.
Exit
• Stop Loss / Take Profit based on ATR multiples.
• Trailing Stop (if enabled) locks profit dynamically.

Recommended Parameters
EURUSD (H1)
• EMA Period: 100
• RSI Period: 14
• Bollinger Period: 20
• ATR Period: 14
• SL: 2.0 ATR, TP: 3.0 ATR, Trailing: 1.5 ATR
• Risk: 1%
XAUUSD (Gold, H1)
• EMA Period: 100
• RSI Period: 14
• Bollinger Period: 20
• ATR Period: 14
• SL: 2.5 ATR, TP: 4.0 ATR, Trailing: 2.0 ATR
• Risk: 0.5% (due to volatility)
Tips for Use
• Use on H1 or H4 for best swing trading results.
• Avoid high-impact news events (FOMC, NFP, CPI).
• Adjust ATR multipliers per instrument’s volatility.
• Test on demo before live trading.