Continuation and Reversal (MT5) — review, price and free alternatives

Continuation and Reversal stands out because it combines major timeframe MA C D zero-line direction with minor timeframe cross confirmation and histogram divergence, creating a layered signal filter that aims to increase trade probability while reducing noise. The algorithm calculates signal strength from confluence across timeframes and assigns a confidence score before triggering visual alerts and optional trade execution on MT5. Jerome Tommy Bodden designed the indicator for clarity and repeatability, and the settings allow experienced users to prioritize trend continuation or early reversal signals depending on risk appetite. In practice Continuation and Reversal handles trending forex pairs and liquid indices best, while range-bound markets produce fewer high-confidence signals. Risk management is built around configurable stop loss levels, position sizing multipliers, and a maximum daily trade limit to prevent overtrading. Expected performance characteristics include moderate trade frequency, measurable win rate improvements when combined with strict money management, and reduced false-entry frequency compared to single-timeframe MACD tools. The 2026 Performance snapshot uses live and backtested data to highlight actual trade outcomes and identify optimal parameter ranges for different account sizes.

The overall risk level for Continuation and Reversal is moderate when default settings are used, and it can be adjusted lower by tightening stop losses and reducing position size. Stop loss strategy is explicit: the indicator suggests levels based on recent volatility and histogram behavior, and users should enforce these stops rather than rely on signal-only exits. Position sizing follows percentage-based risk per trade, typically 0.5–2% of account equity, which should be configured in MT5 to match tolerance. Vulnerabilities include sudden volatility spikes, major news events, and illiquid instruments where MACD signals can whipsaw. Continuation and Reversal offers parameter controls to reduce exposure in high-risk scenarios.

Install the Continuation and Reversal indicator by copying the provided file into the MT5 Indicators folder and refreshing or restarting MetaTrader 5. Attach the indicator to charts for the major timeframe and the pairing minor timeframe, and enable multi-timeframe polling in settings. Configure key parameters including major timeframe selection, minor timeframe thresholds, stop loss multipliers, and signal confidence cutoff values to match your risk profile. Use brokers with low spreads and reliable execution to minimize slippage when signals trigger. Test settings in the MT5 strategy tester and run forward demo accounts for at least 60–90 days before live deployment to validate performance.