Choose operating mode
Experience the powerful functionality of one of the most advanced TradingView indicators
I used to spend hours analyzing charts, and at the moment of a trade there still wasn't any confidence... Now I check any trading strategy and trade in 1 minute! 🙌
Midas has 3 modes, and each includes its own set of features for solving a specific task - analysis/training/. If a mode isn't chosen for your task, there will be unnecessary things on the chart and you'll start getting confused.
👉To choose a mode - open settings by clicking ⚙️ next to the indicator name
The main mode where only the indicator part is on the chart - the entire base of technical analysis in one window: automatic support and resistance levels, price channel with trendlines, horizontal volume profile, whale movements and money flow (all extras can be turned off in settings to declutter the chart)
If you trade from your phone, use only this mode!
Maximum mode with AI real-time chart analysis - this is the latest development that gives a full breakdown of the chart with a clear action plan, taking into account trend, volumes, volatility and the current signal🎯
Perfect for in-depth analysis, learning and self-checking before trades.
Use this mode only on a computer so as not to overload the chart.
A mode for testing settings where all indicators are hidden and a table with the history of all past signals' performance is displayed as full statistics for the last month and year (signals are not drawn = information is reliable)
Use it to quickly test indicator settings on a specific asset!
The mode can be changed at any time - it's a “mode switch” for the current task
Frequently asked questions
What is the Win-rate of the signals
You have access to detailed statistics on signals, taking into account stop losses and peak profits of successful trades. Note that the real Win-rate depends on your trading strategy and experience! On how and where you will take profits, which signals you will enter and which you will not!
How much will I earn - what % profit per year?
You can turn on auto-testing mode and see the potential of trades and profits. Real profit depends only on you and no one else - if you don't follow risk management, you can lose the entire deposit on the first trade. The indicator is not a magic grail and does not make decisions for you - it only helps to analyze charts correctly.
Why not set parameters for closing trades and exact testing?
The indicator very accurately shows levels from which a trade can be opened and the nearest zones of interest in the form of 🧲, which pull the price only at the moment of the signal, but cannot predict future circumstances - news, manipulations, political and economic changes etc.
After opening a trade you must monitor it on an ongoing basis using the bottom indicator, trying to determine as accurately as possible the best moment to obtain maximum profit.
How many takes to use, in what quantity, whether to enable trailing - at what moment, for what size and percentage move, whether to move the stop to breakeven after a certain take or not - it's simply impossible to display such complex close-logic for a position in the indicator.
Why can't the indicator be made into a trading bot?
The whole point of Midas is the best analysis tools in one window, I trade only manually.
Buy & Sell notifications must not be used as an independent signal to open a trade!
They are only needed for automatic alerting so you don't have to watch charts for hours...
In other words, the indicator is a tool for manual trading.
Last updated