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The Trap Play MT4

30 USD

Demo downloaded: 56

Published: 12 May 2023

Current version: 1.40

The Trap Play MT4

Name: The Trap Play MT4
Price: 30.00 USD
Rating: 5 (3 reviews)
Author: Carl Gustav Johan Ekstrom

Indicators
Carl Gustav Johan Ekstrom
Version: 1.40
Updated: 25 April 2024
Activations: 20

Scalping strategy here <---

Trap Play refers to a market situation where price initially makes a new high or low, luring traders into believing a strong trend is forming. However, the price quickly reverses and invalidates the breakout, trapping those traders who entered positions based on the initial move. This sudden reversal often results in a rapid exit of positions, leading to significant price movement in the opposite direction. Trap plays can occur in various financial markets and timeframes and are characterized by their ability to catch traders off guard and create significant market volatility.

The Donchian Channel serves as a powerful tool for identifying Trap Plays and consists of three lines:

Upper/Lower Channel Line: These lines track the highest and lowest prices observed over a specified period. They are instrumental in recognizing potential breakout-levels where Trap Plays may unfold.
Middle Channel Line: This line represents the average value between the upper and lower channel lines. It acts as a reference point for traders to assess the overall trend prevailing in the market. When the price remains above the middle line, it indicates an uptrend, while a price below the middle line suggests a downtrend.

The choice of period to calculate the upper and lower channel lines varies based on the trader's preferences and the timeframe under analysis. While the commonly used period ranges from 5 to 20 periods, traders have the flexibility to adjust it according to their specific trading strategies and the characteristics of the market being examined.

Parameters

Period: 5
Sound Alert: On/Off (triggers sound alert on new signal)
Sound File Name: alert.wav
Mobile Push Notification: True/False
Send Email Notification: True/False
Pop-Up Alert: True/False

more...

816

IK°L 2024.05.10 22:39 #

The tactic is very well developed, The Trap Play MT4 3 is an indispensable tool for any trader looking to identify market traps and capitalize on trading opportunities effectively and securely. In combination with something of technical analysis and customization options makes it a valuable asset in any trader's toolbox. The indicator is very effective at warning you of opportunities in any timeframe and asset, you can adapt it to your strategy or create new strategies just with it. I loved and it's good that you're back Carl.

374

trick 86 2024.04.27 04:22 #

very supportive seller..

971

Junaid Munawar 2023.05.23 11:37 #

Indicator is best in market trap move detect very good pattern which have very good win rate recommended

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The Breakout Line in technical analysis serves as a crucial tool for understanding market dynamics and potential shifts in price direction. It's designed to highlight rapid accelerations or declines in the market's trajectory. Unconventional Analysis : The Breakout Line is not your typical technical indicator; it's tailored to capture swift market movements, offering a unique perspective on price trends. Angle of the Breakout Line : The sharper the angle formed by the Breakout Line, the stro

30 USD

After analyzing a numerous significant bear and bull markets, a peculiar principle has surfaced, dubbed the 5 Trend Lines Rule . It suggests that within a major bear or bull market, there are typically five false breakouts before the sixth breakout proves significant. Parameters Trend Line #1 Color: Magenta Trend Line #2 Color: Magenta Trend Line #3 Color: Magenta Trend Line #4 Color: Magenta Trend Line #5 Color: Magenta #1 Color: Yellow #2 Color: Yellow #3 Color: Yellow #4 Color: Ye

30 USD

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816

IK°L 2024.05.10 22:39 #

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Reply from developer Carl Gustav Johan Ekstrom 2024.05.13 13:44 #

Thank you! 🔥🙌💯

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trick 86 2024.04.27 04:22 #

very supportive seller..

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Reply from developer Carl Gustav Johan Ekstrom 2024.05.18 08:25 #

Thank you! ✨🙏

971

Junaid Munawar 2023.05.23 11:37 #

Indicator is best in market trap move detect very good pattern which have very good win rate recommended

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Reply from developer Carl Gustav Johan Ekstrom 2024.04.05 23:53 #

Thanks for the review :)

Version 1.40 2024.04.25

Enhancements to visual appearance.

Version 1.30 2024.04.16

Alert features added.

Version 1.20 2024.04.06

Enhancements to code at a minor level.

Version 1.10 2024.04.06

This update incorporates a refined approach to identify Trap Plays through utilization of the Donchian Channel.