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The Trap Play MT4

5

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


Recensioni 4
KAESER513
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!

IK°L
815
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.

trick 86
424
trick 86 2024.04.27 04:22 
 

very supportive seller..

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L'indicatore Quadrato di Gann è uno strumento potente di analisi di mercato basato sull'articolo "Formula Matematica per le Previsioni di Mercato" scritto da W.D. Gann. Questo strumento utilizza concetti matematici e teorie di Gann per effettuare un'analisi precisa del mercato. Utilizza i quadrati di 144, 90, 52 e anche il quadrato di 9. Inoltre, integra il metodo del  per il quadrato di 9 e la sua relazione con canali e modelli stellari di quel quadrato. Manuale Utente e Applicazione: Prima di
Royal Scalping Indicator M4
Vahidreza Heidar Gholami
4.29 (7)
Indicatori
Royal Scalping Indicator is an advanced price adaptive indicator designed to generate high-quality trading signals. Built-in multi-timeframe and multi-currency capabilities make it even more powerful to have configurations based on different symbols and timeframes. This indicator is perfect for scalp trades as well as swing trades. Royal Scalping is not just an indicator, but a trading strategy itself. Features Price Adaptive Trend Detector Algorithm Multi-Timeframe and Multi-Currency Trend Low
GOLD Impulse with Alert
Bernhard Schweigert
4.56 (9)
Indicatori
Questo indicatore è una super combinazione dei nostri 2 prodotti Advanced Currency IMPULSE with ALERT  +   Currency Strength Exotics . Funziona per tutti i time frame e mostra graficamente l'impulso di forza o debolezza per le 8 valute principali più un simbolo! Questo indicatore è specializzato nel mostrare l'accelerazione della forza delle valute per qualsiasi simbolo come oro, coppie esotiche, materie prime, indici o futures. Primo nel suo genere, qualsiasi simbolo può essere aggiunto
Reversal Sniper
Elmira Memish
5 (3)
Indicatori
Reversal Sniper is designed to find the extreme reversals of the price. Indicator collects data of Cycle Sniper Indicator. NOTE: REVERSAL SNIPER Indicator is made for Cycle Sniper Users as an additional tool.  However, it can be used by the traders who look for finding out strong reversal levels. Indicator works on all timeframes and all instruments. Reversal  Sniper  Checks: Harmonic Patterns RSI Zig Zag and Harmonic Swings Cycle Sniper Indicator's Buy / Sell Signals The complex algo i
Gartley Hunter Multi MT4
Siarhei Vashchylka
4.67 (3)
Indicatori
Gartley Hunter Multi - An indicator for searching for harmonic patterns simultaneously on dozens of trading instruments and on all classic timeframes: (m1, m5, m15, m30, H1, H4, D1, Wk, Mn). Manual (Be sure to read before purchasing) | Version for MT5 Advantages 1. Patterns: Gartley, Butterfly, Shark, Crab. Bat, Alternate Bat, Deep Crab, Cypher 2. Simultaneous search for patterns on dozens of trading instruments and on all classic timeframes 3. Search for patterns of all possible sizes. Fr
NAM Order Blocks
NAM TECH GROUP, CORP.
5 (1)
Indicatori
MT4 Multi-timeframe Order Blocks detection indicator. Features - Fully customizable on chart control panel, provides complete interaction. - Hide and show control panel wherever you want. - Detect OBs on multiple timeframes. - Select OBs quantity to display. - Different OBs user interface. - Different filters on OBs. - OB proximity alert. - ADR High and Low lines. - Notification service (Screen alerts | Push notifications). Summary Order block is a market behavior that indicates order collection
Trend Navigato
Oleksii Ferbei
Indicatori
The Forex indicator   TrendNavigator   is a technical indicator. TrendNavigator is a tool that allows traders employing this strategy to better understand what is happening in the market and predict in which direction the price will continue to move. The indicator's values are calculated based on price movements of the currency pair or any other financial asset. Within the scope of technical analysis, the TrendNavigator indicator is used by traders to forecast future price values or the overall
RelicusRoad Pro
Relicus LLC
4.73 (141)
Indicatori
Ora $ 147 (aumentando a $ 499 dopo alcuni aggiornamenti) - account illimitati (PC o MAC) Manuale utente di RelicusRoad + Video di formazione + Accesso al gruppo Discord privato + Stato VIP UN NUOVO MODO DI GUARDARE IL MERCATO RelicusRoad è l'indicatore di trading più potente al mondo per forex, futures, criptovalute, azioni e indici, fornendo ai trader tutte le informazioni e gli strumenti di cui hanno bisogno per rimanere redditizi. Forniamo analisi tecniche e piani di trading per aiuta
Renegades
Ivan Simonika
Indicatori
Renegade The indicator generates arrows (red and blue by default). The indicator is installed in the usual way on any trading symbol with any time interval. It is an auxiliary tool that is used for technical analysis of the price movement chart in the Forex market. Novice traders have difficulties both with finding an indicator and with its application. Their reason is the lack of technical awareness of ordinary users and the lack of basic knowledge about good trading programs. In Forex trans
PTS Precision Index Oscillator V2
PrecisionTradingSystems
5 (2)
Indicatori
L'Oscillatore dell'Indice di Precisione (Pi-Osc) di Roger Medcalf di Precision Trading Systems La Versione 2 è stata attentamente rielaborata per essere estremamente veloce nel caricarsi sul tuo grafico e sono state apportate alcune altre migliorie tecniche per migliorare l'esperienza. Il Pi-Osc è stato creato per fornire segnali di sincronizzazione del trading accurati progettati per individuare punti di esaurimento estremi, i punti ai quali i mercati vengono costretti a recarsi solo per e
Altri dall’autore
MIDAS Trading Tools
Carl Gustav Johan Ekstrom
4.67 (15)
Indicatori
The introduction of the MIDAS Trading Tools indicator represents the culmination of my trading expertise and innovative application. By incorporating new concepts and collaborating with fellow traders like Robert Young (US), we have enriched and enhanced this indicator. In the sections below, you'll find detailed descriptions of the variables comprising this indicator. MIDAS which is an acronym for Market Interpretation/Data Analysis System is the innovative work of the late technical analyst P
Breakout Lines MT5
Carl Gustav Johan Ekstrom
5 (1)
Indicatori
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
The Trap Play MT5
Carl Gustav Johan Ekstrom
5 (1)
Indicatori
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
Breakout Lines MT4
Carl Gustav Johan Ekstrom
5 (1)
Indicatori
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
Filtro:
KAESER513
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!

IK°L
815
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.

Carl Gustav Johan Ekstrom
4087
Risposta dello sviluppatore Carl Gustav Johan Ekstrom 2024.05.13 13:44
Thank you! 🔥🙌💯
trick 86
424
trick 86 2024.04.27 04:22 
 

very supportive seller..

Carl Gustav Johan Ekstrom
4087
Risposta dello sviluppatore Carl Gustav Johan Ekstrom 2024.05.18 08:25
Thank you! ✨🙏
Junaid Munawar
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

Carl Gustav Johan Ekstrom
4087
Risposta dello sviluppatore Carl Gustav Johan Ekstrom 2024.04.05 23:53
Thanks for the review :)
Rispondi alla recensione
Versione 1.50 2024.07.23
Enhancements in algorithm for identifying Trap Plays.
Versione 1.40 2024.04.25
Enhancements to visual appearance.
Versione 1.30 2024.04.16
Alert features added.
Versione 1.20 2024.04.06
Enhancements to code at a minor level.
Versione 1.10 2024.04.06
This update incorporates a refined approach to identify Trap Plays through utilization of the Donchian Channel.