The Trap Play – Scalping Strategy (Visual) – Trading System – April 10, 2024
We don’t rise to the target level. We fall to the level of habit. Build a trading plan with good habits >>>
Trap Play – Scalping Strategy
1. Wait until the trap play signal occurs.
2. Enter the market immediately when the signal appears.
3. Place a stop loss on the opposite side of the signal candle.
4. If the market rises, immediately de-risk by tracing your stop loss to the high/low point of the previously closed candle.
5. Continue to follow the market until it reverses to capture as much movement as possible. Be careful not to let greed take over!
6. We do not recommend using take profit levels as you never know how fast and far the market may rise/fall. Keep following along!
#Trailing stop has been implemented.
7. Repeat!
Trap Play MT4: https://www.mql5.com/en/market/product/96341
Trap Play MT5: https://www.mql5.com/en/market/product/97202
