NOVA EMA/MACD V2 — Strategy by FalconFXsavv1y
By FalconFXsavv1y
Performance Metrics
- Author: FalconFXsavv1y
- Symbol: FOREXCOM:XAUUSD
- Timeframe: 1 minute
- Win Rate: 62.6%
- Profit Factor: 2.801
Description
## NOVA EMA/MACD V2NOVA EMA/MACD V2 is a multi-timeframe retracement strategy designed to identify structured continuation opportunities using EMA touches, MACD confirmation, and higher-timeframe momentum filtering.The strategy first waits for price to retrace to the selected EMA after a defined number of candles have remained clear of it. Once a valid touch is detected, the setup becomes armed and waits for confirmation from the entry-timeframe MACD.A trade can be triggered in two ways:* The entry-timeframe MACD crosses in the direction of the setup while the higher-timeframe MACD agrees.* The higher-timeframe MACD flips into the setup direction while the entry MACD is already aligned.An optional EMA-side filter requires buy entries to close above the EMA and sell entries to close below it.### Trade managementThe strategy opens three separate positions using risk-based position sizing.Default targets:* Position 1: **1.5R*** Position 2: **2R*** Position 3: **2.5R**Stop-loss distance is calculated using the width of a configurable Keltner Channel. Break-even activates at **0.9R** by default.An additional EMA early-exit system activates after price reaches 1R. The remaining position can then be closed after four consecutive candles close on the wrong side of the EMA.### Main features* Multi-timeframe EMA and MACD analysis* Higher-timeframe MACD direction filter* Immediate entry when HTF MACD flips and entry MACD is already aligned* Keltner Channel-based stop loss* USD risk-based position sizing* Three configurable profit targets* Automatic break-even management* EMA-based early exit* Setup, entry, exit, and management alerts* Clean status dashboard displaying trend, risk, quantity, stop distance, break-even, and early-exit status### Recommended useThe default configuration is optimized for lower-timeframe chart analysis, particularly the 1-minute timeframe. Users should test the strategy on their chosen symbol, broker feed, session, spread, commission, and execution conditions before using it for live trading.**Disclaimer:** This strategy is provided for educational and analytical purposes only. Historical performance does not guarantee future results. Trading involves substantial risk, and users are responsible for their own trading decisions.