Core setup: 15 minutes
Choose Midas Strategy Presets for Your Trading Style
The same indicator for the scalper and for the investor works differently: on someone else’s strategy, the signals seem to be endless noise, then rare and late.
On someone else's strategy.
The scalper lacks signals, the investor drowns in noise, and the lower indicator stays silent when the Up and Down presets do not match.
On your strategy
Signal frequency matches your timeframe, the entry logic is clear, and Up and Down work in sync.
A strategy preset changes signal frequency and speed to match your style: Scalping provides many fast signals; Intraday is the default for trading within the day; Swing gives fewer, cleaner signals; and Investments provides rare, long-term signals.
Choose the timeframe you're really looking for: 1-5 minutes scalping, 15 minutes intraday, 4 hours swing, 1 day investing. The main rule that makes Down silent most of the time is changing the strategy on the top Up - put the same one on the bottom Down, otherwise some of the signals will disappear.
Updated: · Midas Team
Why change a strategy preset
This is one of the most powerful features of Midas, because it closes two pains at once: either there are too many signals and you drown in them, or there are too few of them and it seems that the market does not give anything.
Preset adjusts the frequency and speed of signals to your style, asset and timeframe. You don't need to collect everything from scratch - just choose a ready-made strategy from the list in the settings:
- Scalping (two lightning icons) is the fastest option for capturing each move: signals are frequent and appear quickly, with more noise.
- Scalping (one lightning icon) also provides many fast signals, but with less noise.
- Intraday (default) is a universal strategy for active trading inside the day: there are enough signals, appear with a slight delay.
- Swing is for medium-term trading: signals are less frequent, appear later and contain much less noise.
- Investments are for long-term trading: signals are rare, trades last longer and there is almost no noise.
How to choose your preset
Style is not chosen by the desired return, but by two simple things: how much time you actually spend on the chart and on what timeframe you look for entry. Signals that you do not have time to work out only interfere.
- You're at the screen all day, you're looking for 1-5 minutes, Scalping, there's a lot of signals, there's a lot of noise, but you're picking up the movement right away.
- You can log in several times a day, 15 minutes into the chart, Intraday, the one-size-fits-all, and it's a good place to start.
- If you check the chart a few times a day and enter on the four-hour timeframe, choose Swing; trades may last several days.
- If you build a long-term position and enter on the daily timeframe, choose Investments.
Settings and logic for each trading style
Each tab shows what style it is, what values to set in the settings of both indicators and what algorithm the trade is going to be using. The algorithm is the same everywhere (trend, zone, confirmation), time frames and pace differ.
The first four tabs are presets selected in the indicator settings; each changes the signal frequency. The last two - bounce and breakout - are level-based scenarios rather than switchable presets, and both apply to any preset.
You do not need to calculate targets and stops manually: after a signal, the indicator marks the trade with three targets, their prices and percentage moves, a stop and a risk-to-reward ratio.
Scalping is short trades on the lower timeframes, where the market is constantly noisy, the task is not to catch a big trend, but to repeatedly pick up small movements, so you only need to enter where the price has a reason to react.
Settings: Strategy and Signal Number - Scalping with one lightning (signals appear as fast as the two but less noise), Signals filter against trend - Price channel: counter signals will be hidden automatically. The same values are set on Midas Down.
Until the algorithm repeats 20 times in a row, work on one smaller timeframe, for example 5 minutes.
Trend.
On the price channel, watch the colour and slope: green and rising - look for Buy setups; red and falling - look for Sell setups; yellow and sideways - skip the asset to avoid unnecessary stop-outs.
Zone of interest
The channel boundaries show where to open a position: in a bullish trend, from the bottom line, in a bearish trend, from the top line. You miss trades from the middle of the range.
Confirmation and withdrawal
Waiting for the candle to close and the rebound confirmation: a few candles failed to break the boundary, then the Buy or Sell. Stop - for the zone or edge of the channel. The first target is fixed by part of the position and move the stop to break even, the main goal is the nearest channel boundary, level or liquidity.
- When you're comfortable, you've got three timeframes: 1 hour gives context and trend, 15 minutes gives interest, 5 minutes enters. You've got to look at the lower one.
- Put the alerts with the expectation of closing the candle, otherwise there will be spam: on 5 minutes - on Buy and Sell, on 15 minutes - on the rebound from the level.
- The risk of a transaction is 0.5-1%, stop is mandatory, the first 20 transactions are better to pass at a minimum volume.
- Don’t put a stop inside the liquidity zone: it is often collected along with your stop.
Intraday is movement in the day, the position lives from tens of minutes to several hours, you don't need to catch each candle, just exclude late entrances and entrances in the middle of the movement that has already occurred.
Settings: "Strategy and Signal Number" - "Intraday." Signals don't appear as fast as on scalping, but they're enough for trading intraday. "Filter signals against trend" - "Price channel" or EMA-200. The same values are set on Midas Down.
Beginners need one 15-minute timeframe.
Trend for today
Use the colour and slope of the price channel: when it rises, look for buys from the lower boundary; when it falls, look for sells from the upper boundary; when it is yellow and sideways, skip the asset.
Zone of interest
Wait for price to reach a channel boundary or strong level and react there. An entry without a zone is not a setup, even if a signal appears.
Confirmation and withdrawal
Enter after the candle closes and the rebound confirmation, stop for zone, the first target is fixed as part of the position and put the stop into a break, then lead to the nearest level or liquidity.
- The advanced version is three timeframes: 4 hours for trend and context, 1 hour for interest zone, 15 minutes for entry (5 minutes if you like exact inputs, 30 minutes if you are busy during the day).
- Alerts: at 15 minutes - Buy and Sell at the closing of the candle, at 1 hour - rebound from the level.
- The risk of a trade is 0.5-1%, stop is a must. Don't go against the trend, because these trades give you short strokes and frequent stops.
Swing trading is about capturing a clear part of a trend rather than every candle. A trade may last several days, so filter out noise, wait for a strong higher-timeframe zone and enter only after confirmation, not in the middle of an impulse.
Settings: "Strategy and Signal Number" - "Swing." Signals don't appear as fast, but there's a lot less noise. "Filter of signals against trend" - "Price channel" or EMA-200. The same values are set on Midas Down.
Beginners need one 4-hour timeframe.
Trend.
Check the four-hour direction: trade buys when the channel is green and rising, trade sells when it is red and falling, and skip a sideways market.
Strong zone
You wait for the price at the channel boundary or the horizontal level where the reaction has been before, and the stronger the zone, the calmer the deal: in swing, it is better to skip the entrance than to take the weak one.
Confirmation and maintenance
Enter after the candle closes and the rebound confirmation, stop for zone, lock some of the position at the first target, take the rest to the next strong level.
- The advanced option is three timeframes: 1 day for trend, 4 hours for interest zone, 1 hour for entry.
- Alerts: at 1 hour - Buy and Sell at the closing of the candle, at 4 hours - rebound from the level.
- Do not turn swing into intraday: if the trade is open on day logic, local studs for 15 minutes are not a signal for it.
The investment style is not to respond to every local impulse, but to look at the global trend and gain a position in strong zones closer to the bottom of the market, the main task is to gain a position at a good price in time.
Settings: "Strategy and Signal Number" - "Investment." Signals are rare, trades are long, there is almost no noise. "Filter signals against the trend" - "Price channel" or EMA-200. The same values are set on Midas Down.
Beginners need one day timeframe.
Global trend
On the daily chart, you look for a clearly uptrend: a green price channel with an uptick. You don't get a position against a global movement.
Recruitment area
The lower end of the channel and the strong levels are places where the position is dialed in pieces, not in one purchase, and that's the main difference in style.
Confirmation and approval
Wait until a few candles can break through the zone, and pick up the rest by signal Buy. The approximate goals and stop indicator puts on the chart itself.
- The advanced option is three timeframes: 1 week for a global trend, 1 day for a zone of interest, 4 hours for entry.
- Alerts: at 4 hours - Buy and Sell at the closing of the candle, at 1 day - rebound from the level.
- Rare signals are normal for style: on a daily chart, there may be one or two per month.
A bounce occurs when price reaches a level, pierces it with a wick and returns without the candle body closing beyond the level. The level has held, so a trade away from it may be considered.
There's no separate preset for bounce: the script works with any strategy on the list, and it's useful to keep the trend filter on so you don't catch bounces against the main movement.
Level.
We only work on the zones that Midas has drawn himself: strong horizontal levels and price channel boundaries, and the more touches the zone has already endured, the more reliable it is.
Reaction
Wait for a touch: wicks may pierce the level, but the candle body must not close beyond it. Until the candle closes, the bounce is not confirmed.
Entrance, stop, target
Entrance after the candle closes and the bottom indicator confirms, stop for the level, target for the nearest opposite zone or channel boundary.
- If the candle body closes beyond the level, it is a breakout rather than a bounce: the setup changes and the bounce entry is cancelled.
- Rebound against the trend is the weakest option: the level may not withstand the second approach.
- False breakouts occur frequently in sideways markets, so it is especially important to wait for the candle to close.
A breakout occurs when a candle pierces a level and its body closes beyond it. The level no longer holds price, so Midas removes it from the chart: the market has entered a new range and the old zone is no longer treated as a reversal point.
The breakout is traded in the direction of the movement, not against it, and the most relaxed way to enter is not to chase the breakout candle, but to wait for the price to come back and test the level from the back.
Body closure behind level
Wait for the candle body to close beyond the zone. A wick piercing the level is still a possible bounce, so it is too early to trade a breakout.
Level's gone.
Midas removes the broken area from the chart, which is confirmation that it has been worked out.
Entrance to the retest
Wait for price to return to the broken level, where former resistance may act as support and vice versa. Place the stop beyond the level and use the next zone in the direction of the move as the target.
- Breaking in the direction of the trend is more reliable than the counter one - a false exit is often obtained against the movement.
- Breaking down on a weak volume is often false: check the lower indicator - volume and cash flow.
- A retest may not occur. If price continues without returning, skip the entry rather than chase the market.
Rules shared by every preset
Style changes pace and timeframes, but it doesn't change basic entry rules. These five points are the same for scalping and for investing -- they're the ones that most often break the result, not the preset you choose.
- Do not trade a signal without a level: an entry in the middle of nowhere lacks a setup.
- Do not trade against the trend; countertrend setups are covered separately.
- Wait for the candle to close: entering on a signal that is still forming turns trading into guesswork.
- We are waiting for confirmation: several candles failed to break the level.
- The risk of a transaction is 0.5-1%, stop is mandatory, the first 20 transactions are at the minimum volume.
Mini-checklist in front of the entrance
Answer all five questions before entering. If even one answer is no, skip the trade; the market will always provide another opportunity.
- Does the price channel show direction?
- Is the price close to the channel or close to the level?
- A signal towards the older trend?
- Is the candle closed?
- Is the stop behind the zone, not inside the liquidity?
Correct and incorrect chart examples
The rules are common in all styles: trade from the zone and in the direction of the trend. Below are four frames - two correct trades and two typical errors, because of which the signals "do not work".
We see a clear upward trend: the green price channel is rising.
Wait for price to reach the lower channel boundary, confirm the bounce and receive a signal, then open a long trade and take profit near the upper channel boundary.
We see a clear downward trend: the red price channel is falling.
Wait for price to reach the upper channel boundary, confirm the bounce and receive a signal, then open a short trade and take profit near the lower channel boundary.
The trend is down, the channel is down, the only difference is where the signal came from.
- Bad: Sell appeared in the middle of the range, far from the upper end of the channel. There's no price support here.
- Good: Sell appeared at the upper edge of the channel, in the direction of trend.
Anti-trend signals almost always give a short run, increased risk and frequent stops.
- Bad: Buy in the red channel when the trend is down.
- Good: Buy in the green channel when the trend is up.
Time of day and market sessions
Intraday is heavily dependent on liquidity and volatility, and they change throughout the day.
- Do not open a new position 5-10 minutes before a key release or newsletter.
- Wait 2-5 minutes after the news release (or until the candle calms down) and only then analyze.
- If you still trade releases: less trade volume, wider admission to slippage and no stops in the liquidity zone.
Round-the-clock markets (24/7)
The best windows for liquidity: 10:00-13:00 (Europe wakes up), 16:00-20:00 (Europe and the United States simultaneously, most often the strongest movement), 20:00-01:00 (US drags the market further).
The most powerful are the US macro releases:
- CPI and NFP are released at 8:30 New York time, which is approximately 16:30 GMT in winter and 15:30 in summer.
- ISM PMI - at 10:00 New York, approximately 18:00 Moscow time in winter and 17:00 in summer.
- The decision of the Fed is at 14:00 New York, a press conference at 14:30: about 22:00 and 22:30 GMT in winter, 21:00 and 21:30 in summer.
- There are no gaps “the market is closed” here, but there is a night thin liquidity and sharp withdrawals on the wicks, especially from 03:00 to 07:00 GMT.
- The rule of thumb is not to open new positions 5-10 minutes before release and not to move the stops in the first 1-3 minutes after exit - there is noise and slippage.
Russian shares (Moscow Exchange)
The trading windows are divided into morning, main and evening parts:
- Morning: 06:50-09:50, including the opening auction from 06:50.
- Substantive session: 10:00-19:00.
- Evening: 19:05-23:50.
- Corporate news (dividends, reports, boards of directors, sanctions messages) often arrive outside the liquid middle of the day, so morning and evening movements are more ragged.
- Move your position through the night – do it consciously: reduce the size, put a stop where it will not remove the evening saw, and do not be surprised by the morning gap.
American stocks (NYSE and Nasdaq)
The main session of the exchange runs from 9:30 to 16:00 New York City, plus extended hours, in Moscow time, it floats due to the transition of the United States to daylight saving time.
- Substantive session: 17:30-00:00 Moscow time in winter and 16:30-23:00 in summer.
- Post-trading session (until 20:00 New York): until 04:00 GMT in winter and until 03:00 in summer.
- Releases at 8:30 New York City (CPI, NFP) are out before the stock market opens - hence the gaps and jerks at the opening.
- The ISM at 10:00 New York time is already in the active trading phase, and the Fed’s decision at 14:00 and 14:30 usually gives the most volatile part of the day.
- Companies report more often after closing or before opening, so holding a position overnight is a lottery. Intraday positions are usually closed until the end of the session.
Forex (24/5)
Sessions on Moscow time:
- Sydney: 00:00-09:00.
- Tokyo: 03:00-12:00.
- London: 10:00-19:00 (can shift by an hour during the transition to daylight saving time).
- New York: 16:00-01:00.
- The most liquid window is the overlap of London and New York, approximately 16:00-20:00 GMT.
- Key releases are the same: 8:30 New York (CPI, NFP), 10:00 (ISM), 14:00 and 14:30 (FRS).
- Monday through Friday, the market is open around the clock, but the weekend creates gap risk. On weekday nights, liquidity is thinner, spreads are wider and random stop-outs are more common.
How to switch presets
Open the indicator settings
The gear next to the name Midas Up on the chart.
indicator settings window: the Arguments tab and the main parameters Select a strategy from the list
Choose Scalping, Intraday, Swing or Investments to match your pace. The trend signal filter is available in the same settings section.
Two points are highlighted in the settings: strategy and anti-trend signal filter Repeat the same on Midas Down
The upper and lower indicators should be on the same preset, otherwise the signals will be out of sync.
If Midas Down becomes quiet after a preset change
This is the most common case: the preset is changed only to Up. Open Down settings and set the same strategy - the signals will return.
Preset questions
What's more important, the level or the signal?
The zone is more important. A signal without a zone often becomes an entry in the middle of a move, where price has no clear reason to react.
What if the channel is yellow and the market is sideways?
A yellow channel means the market is moving sideways. Beginners should skip the asset because this phase produces the most noisy signals; experienced traders should work only from boundaries and strong levels, not from the middle of the range.
How to remove signals against the trend?
Turn on the "Filter of signals against the trend" - "Price channel" or EMA-200, counter signals will stop appearing on the chart. The filter is placed on both indicators, as well as the strategy itself. More details - in step 5.
Why didn't the level work?
You break through all levels. You work with the strong ones, where you've had at least two price reactions, and you wait for confirmation that a few candles in a row failed to break through.
Which timeframe should I use for signals if the strategy also uses higher timeframes?
Look for signals only on your entry timeframe. Higher timeframes provide the trend and zone context; ignore their entry signals.
The signal is essentially a current wave, and the waves are different at different periods, so Buy on one timeframe and Sell on the other is a normal picture, not a breakdown.
How to test your chosen strategy without risking money?
Uncheck the "Show only the last signal" box, and all the past signals will appear on the chart, and they don't repaint after the candle is closed, so you can see from history where the strategy worked and where it didn't.
The full statistics on your settings are given by Autotester mode, which is Route 6, and if you have a paid TradingView subscription, the market simulator helps: roll back the chart and open virtual trades until the result is stable.
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