I would think that definitely it would work. As long as they stay open you will have a chance. If they freeze in you may get some sprung traps/bait steals. But with no tide you don't have to worry about tide taking away a big frozen chunk of ice holding your traps and drag. It's happened. I've found my sets a half mile away still frozen in the "iceberg". You do have to pay attention to rising and falling creeks. I made a few sets this year during a cooler/dry spell in creeks. We got a little rain and they became raging torrents. Lucky I prepared for this, by making the set in a slow moving pool to the side and not directly in the middle of the creek. Make sure the bottom is hard ie sand, gravel, rock. Soft mud will not work and will result in misses and sunken traps. And keep your bait a ways above the surface of the water to account for rains and melt off rising things. Should work for you. Make sure you cannot see any bait or you will have a bird problem, I cover the bait with seaweed, grass, moss, and sand and mud, BEFORE I put on all the rocks. Getting the rocks to fit just perfect for total coverage is a bit of a challenge and watch your fingers slamming these things down making them fit. I'm going to lose my pinky nail because I was in too much of a hurry today to beat the weather.
As long as the traps are speeddipped black you should be good. A lot of guys that set in the water will wax as well to protect against rusting, but I don't bother. It get's knocked off so fast. If you have a trap dipped properly, that's about as good as you can get. No matter what, your traps are going to take a beating. Usually the creek beds, tide pools, ponds, sloughs have a darker hue to them so the traps blend in well, I imagine they just look like rocks and sticks to the wolves. If you have a white sand bottom like I've come across a few times I will stick grass, sea weed, or moss under the trap/pan to break up the outline. Bury all chain and drag, probably not nec, but I don't take chances.
This is just a standard 4 trap pool set. Just like any set, you have to make adjustments for location and specific animals. I have a lot of one trap creek sets that are adjusted for specific animals that have come in numerous times in the same way and passed. I have done this in the old days and eventually got them, I will keep you posted to the results. So far in these sets the score is Wolves 6 SEwaterboy 0.