The Beast Trap Indicator

The Trap indicators must be built to the specifications listed below

1. Bullish (Please see Bullish Trap attachment)

a. the Bullish engulfing candle must engulf 2 of the opposite candles (bearish). A transparent rectangle shape should cover the engulfing candle.

b. must be in a uptrend (above the 50 moving average) (only in Pairs) (Indices, Commodities, and  Precious metals does no need to meet this requirement)

c. utilizes a fib retracement from the shadow low of the candle to the shadow high of the lowest candle with the entry point at the  1 with a arrow pointing at the entry point.

d. Stop Loss will be 80 pips 

e. Arrow should point to each TP.

2. Bearish (Please see Bearish Trap attachment)

a. the Bearish engulfing candle must engulf 2 of the opposite candles (bullish). A transparent rectangle shape should cover the engulfing candle.

b. must be in a downtrend (below the 50 moving average) (only in Pairs)  (Indices, Commodities, and Precious metals does no need to meet this requirement)

c. utilizes a fib retracement from the shadow low of the candle to the shadow high of the lowest candle with the entry point at the 1

d. Stop Loss will be 80 pips 

e. Arrow should point to each TP.

3. Wins & Loss 

a. Needs to show the amount of times TP1 - TP4 have been reached along with percentages (please review Success Rate Example attachment

b. Needs to show the amount of time SL has been reached along with percentage

c. Needs to show the total wins and total losses along with percentages