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The Trap Play

Introduction

The Trap Play is a fully automatic EA and is based of The Trap Move Indicator.

In order for the following Strategy to work you need to download the Global Market Watch (GMW).


    Daily GMW Strategy

    Activate The Trap Play in the direction of the Daily GMW Symbol(s) on the H4, H1, M30, M15 and M5 Chart.

    Example: AUD/JPY Bearish, only take Bull Traps on H4, H1, M30, M15 and M5 Chart.

    • Entry: Bull Traps Only.
    • Risk Level: Bull Trap Risk Level on CLOSING or TOUCH basis.
    • Target: Take Profit when the Symbol(s) is removed from the GMW, and have "Close By Reverse Signal" turned ON at all times to take profit on opposite Bear Traps during the trend to secure profits.

      Parameter

      EA Settings: The Trap Play

      • Direction: Only Long/Only Short/Both

      • Stop Loss Mode: TouchM/CloseM (TouchM means that price only have to trade at the SL to trigger while CloseM means price needs to CLOSE on the opposite side of the SL).

      • Maximum Open Positions: 10
      • Maximum Long Trades: 5
      • Maximum Short Trades: 5
      • Use Risk Level: True/False
      • Manual Stop Loss: 0
      • Manual Take Profit: 0
      • Magic Number: 123 (ID for EA)

      • Use Auto Lot Size: True/False (If False, Fixed Lot Size is used)
      • Fixed Lot Size: 0.01
      • Risk Percent: 2.0 (This means Stop loss is 2% of Account Balance)
      • Max Lot Size: 200

      • Max Spread: 100
      • Max Slippage: 5
      • Close By Reverse Signal: True/False

      Indicator Settings: The Trap Move

      • Trap Mode: CLOSEMODE/BREAKMODE/BOTHMODE***
      • Bull Trap: Red
      • Bear Trap: Aqua
      • Font Size: 6
      • Font Color: White

      ***CLOSEMODE: Price need to CLOSE above/below the new high/low to qualify a Trap Move. BREAKMODE: Price only need to BREAK above/below the new high/low to qualify a Trap Move. BOTHMODE: Show both CLOSEMODE and BREAKMODE on chart.

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      Copies left at the price of $800 : 1 We have invested more than 200K Euro in our experience. Do you want to join us in our journey ? The Grand Trader is trading with our own REAL MONEY. We are not relying on back-testing! We are confident in our knowledge and experience in the Forex Market!  Live signal monitoring :  https://www.mql5.com/en/signals/831036 Please note that the Backtest has been performed on MT5 terminal due to its ability to test different time frames and different currency pa
      800 USD
      Snake Crazy Pro
      Michela Russo
      Snake Crazy Pro is a trading robot  for the trading on forex. This is a complete system with  11 Strategy in 1 EA . This Robot opens a  large number of orders . Please note, this EA made over 1300% Live trading profit in REAL ACCOUNT : https://www.mql5.com/en/signals/799160 Important Information Revealed By  purchasing  this Expert Advisor you are entitled  to receive a free copy  of  Spider Crazy Pro ! (All future updates included) -> To Receive it, Please Contact me by mql5 or email !   Th
      149 USD
      AW Scalping Dynamics EA
      Alexander Nechaev
      Advanced trading on trend reversals. The EA does not use grids or martingale. But, if necessary, they can be used in the input settings. 3 types of notifications and position locking when the maximum basket load is reached. The default settings are recommended for EURUSD on the M15 timeframe. How the EA trades:   First of all, when trading, the current trend activity is taken into account (the "   Main Trend filter   " variable). The smaller it is, the higher the probability of a reversal and
      395 USD
      Lizard Scalper Pro
      Michela Russo
      Lizard Scalper Pro is a trading robot   for the trading on forex. This is a Counter Trend system that trades mainly during Asian and NY sessions. Expert advisor not use grid, martingale , arbitrage o high frequency trading . Fix   and   Visible Stop loss   and   Take Profit Important Information Revealed By  purchasing  this Expert Advisor you are entitled  to receive a free copy  of  Eagle Scalper Pro ! (All future updates included) -> To Receive it, Please Contact me by mql5 or email ! The
      199 USD
      EA Technic
      Fanur Galamov
      EA Technic is a professional fully automated mid-term, low-risk expert. To select the optimal entry points, an adaptive price movement analysis module is used. The EA does not use indicators, grid, martingale, arbitrage. Each position includes a stop loss. All open transactions are accompanied by an advanced control algorithm, which is based on a two-stage trailing stop and a multi-step profit taking system. The EA includes protection against high spreads, separate time and day trading filters
      149 USD
      PipFinite Trend Grid EA
      Karlo Wilson Vendiola
      Smart Grid Trading Expert Advisor Based on the Direction of the Trend. This EA uses an innovative approach in grid trading equipped with customizable parameters. Optimized settings and results can be accessed on our Private Telegram Group. Private Telegram Group Access Send a proof of purchase to ► support@pipfinite.com / MQL5 Private Message Free settings on telegram channel ► https://t.me/pipfinite/508 Notes EA will only work on LIVE if you purchased the indicator: PipFinite Trend PRO M
      98 USD
      GOLD EAgle mt4
      Evgenii Aksenov
      ⭐   ⭐   ⭐   ⭐   ⭐  LAST WEEK PROMO PRICE!!!   🏃   🏃   🏃   This GOLD EAgle is created for the XAUUSD (GOLD). This is a trend strategy that uses the TrendLine PRO indicator and trades on the M1-M15 timeframes The EA has a mobile trading panel for managing auto-trading functions and the ability to open trades manually. All trades opened by the trader in manual mode will be closed with a profit using the DD Reduce Functions settings We can say that the task of the EA is to bring any trade to p
      98 USD
      R Mode
      Benan Tumkaya
      R Mode is a system that opens trades in grid and works with hidden pending orders, and hidden TP. It uses a special algorithm to close trades when the difference between the last trade and first one reaches a pre-set percentage.  It has a compounding system where more than one trades compound to close the earliest trade in profit. The system not only focuses on increasing the account balance but also controlling the DD levels. To control the DD, after a certain number of trades, it starts 'recov
      225 USD
      White Peaks MT4
      Evgenii Golovanets
      Price: $499 only 7 of 10 copies left at this price Next price $599 WP EA shows best performance with  IC Markets (click to register)   Live Monitoring #1   https://www.mql5.com/ru/signals/814806 Live Monitoring #2  https://www.mql5.com/en/signals/823039 If you want to test Expert Adviser correctly, please test Metatrader 5 version of product, only MT5 version can be tested correctly in multi pairs mode White Peaks Expert Advisor  is a fully automated night scalper EA, based on machine learning 
      499 USD
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      Antwort auf eine Rezension
      Version 1.10 2020.09.25
      Minor improvements in code.