Indicators only
The indicator's main operating mode that we use 80% of the time👇
The most important thing to understand from the first minutes of acquaintance is that the Midas trading system consists of two indicators, each responsible for its own task:
1) first you look at Midas Up and understand where the market is going and where the price has a strong zone
2) then you look at Midas Down and understand whether confirmation has appeared that the price is really ready to reverse or continue moving
Midas Up
The top indicator is needed to understand the market direction and in advance find zones of interest, from which the price may react. With its help we accurately determine the trend and the support/resistance levels from which we will make trades.
Midas Down
The bottom indicator is needed to confirm the entry point and more precisely see the moment of reversal of the current wave. With its help we accurately determine the moment to open a position and confirm the setup.
Trading system Up + Down
The basic trading system always works in 3 steps - without exceptions! This base of technical analysis works best - a base! not magical and secret strategies!
Your main task is to combine this logic with the trading indicator and gradually study additional tools that are hidden under Midas's hood.
Determine the trend
First open the chart and look at the top indicator Midas Up. For a start use a single time frame - do not jump between different TFs and compare signals.
Your first task is not to look for an entry immediately, but to answer the question: “In which direction do I generally want to work?”
On the top indicator we look at the EMA and the price channel - they clearly show the market direction by color, it's convenient and very simple - even a beginner will figure it out.
If the channel color is yellow and the EMAs cross - that's a sideways market; beginners are better off skipping trading in a sideways market, because it has many noisy signals.
With experience, it is worth paying attention to money flow and whale accumulation/distribution for a complete understanding of the market phase and the moment of trend change😎
Find zones of interest
Now the task is to find a place on the chart, where the price is most likely to give a reaction, so you will enter at the very start of the movement, not on the "last train".
On the top indicator we look at the channel boundaries and support/resistance levels, which are marked automatically - you no longer need to spend time drawing anything.
When the trend is clear - look for zones of interest as bounces off the price channel boundaries only in the direction of the trend.
In a sideways market it is better to trade from support and resistance levels.
With experience, it is worth paying attention to the liquidity heatmap, which shows clusters of stops and the horizontal volume profile - they will accurately show you where levels are truly strong and where the price will be attracted.
Confirm the entry moment
Knowing the direction you want to trade in and the zone from which you will open the trade, you only need to wait for the price to reach that zone and get confirmation.
You should not open a trade just because the price moved or a signal appeared; you should simply wait for the price to reach a pre-marked area - this will immediately make your analysis calmer and remove unnecessary emotional entries!
When the price has come to your zone of interest, wait for a Buy / Sell signal to enter and look at Midas Down. Its task is not to find the zone, but to help understand, whether there is confirmation of entry right now.
For a quick start you don't need to try to read everything at once, learn gradually - to begin with, pay attention to the trend ribbon. It excellently shows moments of price reversal while removing all noisy price manipulations, perfectly smoothing waves.
With experience, it is worth paying attention to whale movements, oscillator overheating, volume delta and other advanced analysis tools.
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 on successful trades. Keep in mind 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 skip!
How much will I earn - what % profit per year?
You can enable auto-testing mode and see the potential of trades and profits. Real profit depends only on you and no one else - if you do not follow risk management, you can lose the entire deposit on the very first trade. The indicator is not a magic grail and does not make decisions for you - it only helps to analyze charts correctly.
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