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The Trap Play MT4

99 USD

Demo downloaded: 68

Published: 12 May 2023

Current version: 1.50

The Trap Play MT4

Name: The Trap Play MT4
Price: 99.00 USD
Rating: 5 (4 reviews)
Author: Carl Gustav Johan Ekstrom

Indicators
Carl Gustav Johan Ekstrom
Version: 1.50
Updated: 23 July 2024
Activations: 10

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...

135

KAESER513 2024.07.24 22:48 #

An amazing tool to detect fake breakouts that most traders get trapped in and lets you enter a position on the opposing side of them right at start of reversal points. You will find it indispensable with almost all strategies just like his other indicators once you begin to use them. Also the author puts a lot of effort to answer questions and help with anything. One of One!

814

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.

466

trick 86 2024.04.27 04:22 #

very supportive seller..

Calculated trend indicator, can be used with an optimal risk to profit ratio, shows successful signals. Uses two options for settings. Shows favorable moments for entering the market with arrows. The probability of a successful trend is not very bad! The indicator can be used both for pipsing on small periods, and for long-term trading. The indicator does not redraw and does not lag. It works on all currency pairs and on all timeframes.

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[As of November 15, downloaded by 38 traders] [ Disclaimer ] u can download it for free to help with the analysis using oscillators just for CyberBot customers! cool news: anyone can turn it on without joining the main product [paid or free]. but heads up - a warning might pop up since this is linked to the main product. if u like it and find it helpful, u can upgrade the "ReviewPass" by just writing a few sentences in the review box to be a wise reviewer. hurry up while it's still free, spots

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149 USD

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

99 USD

Martin Armstrong Cycles employs an unconventional form of technical analysis on your charts aimed at capturing market angles, swift market movements, price reversals, and early trend shifts. I strongly advise all traders to integrate cyclical analysis into their charting methods, as it unveils the inherent rhythms of markets. Every element in the universe follows a cycle, and so does price! Analytical Benefits of Cyclical Analysis The angle of the cycle provides a roadmap for anticipating fu

149 USD

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 stronger

99 USD

The Daily Capital Flow EA (DCF EA) is an advanced trading system designed to capitalize on intraday opportunities with precision and reliability. Ideal for investors aiming for consistent returns, this cutting-edge tool leverages Trap Plays—a proven market reversal pattern triggered by rapid liquidity shifts—while aligning seamlessly with daily capital flow dynamics. Whether you trade Crypto, Forex, or Commodities, the DCF EA provides actionable insights and exceptional performance across divers

599 USD

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KAESER513 2024.07.24 22:48 #

814

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! ✨🙏

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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 1.50 2024.07.23

Enhancements in algorithm for identifying Trap Plays.

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.