Trend Trap Regime MT4

To read a Trap or X signal, you first need to observe the overall price tendency.
Simply put, you can do this by looking at the position of the candlesticks relative to the SMA. If most candles are above the SMA, the Trap signal indicates that the decline is only a temporary correction. The same applies in the opposite scenario.

Trap signals tend to fail when the market is moving sideways within a wide range.
For example, if you see a Trap signal on the H1 timeframe while the Daily timeframe is in a sideways condition, this signal is likely to fail frequently.

Alternatively, it may still work, but only for short-term price movements.

The difference between the MT4 and MT5 versions lies in their appearance.
The MT4 dashboard is static, cannot be minimized, and is quite wide, occupying a significant portion of the screen. Meanwhile, the MT5 dashboard is optimized to avoid taking up too much space.

The MT5 dashboard also allows panels to be minimized and moved to the bottom bar. To restore the original display, simply press the “+” button on the bottom bar.
The button with a dot symbol next to the minimize/maximize button is used to show or hide the SMA indicator.

Both the MT4 and MT5 versions support fast navigation.
You can easily switch pairs and timeframes by clicking on the desired pair or timeframe field, without needing to open a new window.

For now, the MT4 version does not yet support uncommon pair naming formats, such as EURUSDfx or similar.