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

Reversal and Continuation EA is unique because it does not rely on a single indicator; instead it aggregates directional consensus across MN1, W1, D1, H4, H1, M30 and lower timeframes and overlays range percentage thresholds to time entries. The algorithm weights higher timeframe agreement and uses volatility-adjusted stop loss and profit targets. Jerome Tommy Bodden designed the EA with a clickable dashboard that allows traders to approve, modify, or immediately execute signals directly from MT5, which reduces slippage in fast markets.

In practice the EA works best in trending environments that exhibit clear range expansions at key times of day, and it is also capable of capturing counter-trend reversals when higher-timeframe structure supports a pullback. Risk management is implemented through per-trade risk percent, ATR-based stops, and weekly loss limits to contain drawdown.

The risk profile for Reversal and Continuation EA is moderate when default conservative parameters are used and becomes aggressive if users increase lot sizing and remove weekly loss limits. Stop loss strategy is dynamic and ATR-based, adjusted to current volatility and range analytics to avoid fixed pip stops that ignore market conditions. Position sizing uses percentage risk per trade with options for fixed lots or equity-based scaling, encouraging position sizing no larger than 1-2% risk per trade for typical accounts. Market vulnerabilities include low-liquidity periods, major news events, and sharp gap openings which can widen realized drawdown. Recommended account size is a minimum of $2,000 for single-pair conservative testing and $10,000 for live, multi-pair automation.

Install the EA by placing the Reversal and Continuation EA files into the MT5 Experts folder, then refresh the platform and attach the EA to the chosen chart. Recommended brokers offer low latency ECN execution and EUR/USD spreads under 0.5 pips for best results. Optimal chart timeframes are H1 and H4 for signals with M30 for intraday refinement.