This can be almost as bad as an oil thread.
We should all just use Klotz oil and that will eliminate any problem with sticky red lights.
OK. Those traffic sensors are "inductive loop sensors". There is an oscillating signal going on in them all the time. What a large metal object (I.E. CAR) goes into the oscillating magnetic field generated by that oscillation, it changes the inductance of the loop, and that changes the frequency of the oscillation and that is what triggers the light to change.
It is, really, just a big ol' metal detector that is buried under the road.
Magnets don't have much of an impact on those. It is the mass of metal that is a car. And not really just the mass, but how it is "seen" by the loop.
If you get a piece of sheet metal and lie it flat on the loop, it will likely trigger. If you stand it straight up, it might not.
I know many of you will say I am wrong.. that's OK.
You say a magnet will induce a current in the loop. So what? You need to change the frequency of the oscillation, not induce a current.
The key word here is oscillating.
If you insist that the magnet is the thing to use, then take your magnet, get a metal detector, and see how well the detector senses your magnet. If it picks it up better than a similar piece of metal, use it.
Best thing to do is call the local authority that fixes the stoopid traffic light thangs and have them come out and adjust it!!!
http://marshproducts.com/pdf/Inductive%20Loop%20Write%20up.pdf