This is an intraday indicator
Set timeframe to 5 min
Take long entry on the high brakes of selling traps
Take short entry on the low brakes of buying traps
ignore traps left to red zones
Use the nearest trap
take profit/loss on a 1:2 risk-to-reward basis.
Trap trading is a trading strategy that seeks to profit from false...
How this indicator works?
The main functionality of this indicator is to find entry based upon SuperTrend indicator. This indicator helps us to find trapping candle to enter into the market.
What is a trapping candle?
A trapping candle is a candle that shows strength in opposite direction to SuperTrend. This helps us to enter in a trade before...