Scalping (short trades)

Ready indicator presets and practical lifehacks for scalpers

Scalping = short trades on small TFs where the market is constantly noisy, so the main task is not to guess, but to enter only where the price has a reason to react!

There is a separate strategy in Midas specifically for scalping - it helps to:

• quickly and accurately determine the trend (which way they're pushing)

• find the zone of interest (from where a reaction will come)

• get a trigger (the “start” button)

Below I present my favorite preset settings and a step-by-step algorithm for beginners and experienced scalpers, listing only the main tools for a “quick start”. But that doesn't mean the other indicators are unnecessary - you can study them a little later. There isn't a single redundant indicator in Midas and once you master them, the chart will be like an open book to you) I wish you patience and profits!

🤓For beginning scalpers

Configure the indicator:

• Strategy and number of signals - “Scalping” (signals appear fairly quickly, but there will be less noise than on “Scalping 2”)

• Filter for signals against the trend - “Price channel” (signals against the trend will be automatically hidden)

• Set the same settings in the lower indicator for synchronous operation

If you are a newbie or get confused, use only one lower time frame and that's it (for example 5 minutes) - don't be a hero until you can repeat the algorithm 20 times in a row:

• Step 1. Using the price channel we look for a clear trend - just look at the color and slope (green up - go long, red down - go short, yellow sideways - skip)

• Step 2. Using the channel boundaries we determine the zone of interest from which we will open a position (if the trend is bullish and the channel is upwards - long from the lower boundary of the channel; if the trend is bearish and the channel is downwards - short from the upper boundary of the channel)

• Step 3. Wait for confirmation of a bounce from the zone of interest - several candles cannot break the level, after the bounce and candle close a Buy / Sell signal appeared

• Step 3. When the price approaches the zone of interest according to Step 2, wait for confirmation via a Buy / Sell signal and open a trade in the direction of the trend - approximate targets and stop will be set on the chart automatically

🎯STEP-BY-STEP TRADING ALGORITHM

Step 1. Look at the trend by the price channel

• Uptrend = look for longs (from the lower boundary of the channel)

• Downtrend = look for shorts (from the upper boundary of the channel)

• Sideways (yellow channel) = skip to avoid getting stopped out

Step 2. Wait for the price to approach the zone of interest

• Price reached the lower boundary of the channel and received a reaction = long

• Price reached the upper boundary of the channel and received a reaction = short

Step 3. Entry

• You wait for the candle to close and confirmation of a bounce from the channel boundary (several candles failed to break it)

• You enter after the signal, stop behind the zone / edge of the channel

Step 4. Exit

• If the price took the first take, lock in 50%, move the stop to breakeven

• Main target - the nearest channel boundary / level / liquidity (don't be greedy)

To avoid blowing the account in 2 hours:

• Do not trade a signal without a level, a signal “in the air” = garbage!

• Do not go against the trend. Want to trade countertrend? First read the entire FAQ!

• Always wait for the signal on candle close. Scalping without this turns into chaos

• Always wait for confirmation - several candles failed to break the level

• Risk per trade: 0.5–1%, stop is mandatory, the first 20 trades are better with micro volume

Mini-checklist for self-check:

• Does the price channel show the direction? ✅

• Is the price at the channel boundary? ✅

• Buy/Sell in the direction of the channel? ✅

• Has the candle closed? ✅

• Stop beyond the channel boundary? ✅

• Take at the next zone? ✅

🎯Clear examples of how to trade and how not to trade

✅Long trades

We see a clear upward trend - the price channel is green and directed upwards

We wait for the price to approach the zone of interest - the lower boundary of the channel

We wait for confirmation of the bounce and the signal - open long

Lock the position at the upper boundary of the channel

Trades “in the air”, even if there was a signal, skip - trade only from levels

✅Short trades

❌Signals in the air

❌Signals against the trend

😎For advanced scalpers

Configure the indicator:

• Strategy and number of signals - choose “Scalping” (the most aggressive strategy with the maximum number of signals, the fastest signal appearance speed)

• Filter for signals against the trend - if you trade only by a clear trend, choose “Price channel” (you can test other filters and look at history), if you want to see all signals and filter manually - skip this filter

• Set the same settings in the lower indicator for synchronous operation

To cut out as much noise as possible, take precise entries only from strong zones of interest, and confirm the entry with multiple triggers - use three time frames:

• 1 hour: look at trend/sideways - where it is reasonable to trade at all (on the top indicator - EMA and channel, on the lower indicator - money flow, trend ribbon)

• 15 minutes: look at the zone of interest (horizontal levels, price channel, liquidity heatmap, horizontal volume profile)

• 5 minutes: find the entry (look at signals only on the lower TF - ignore signals on higher TFs)

🎯STEP-BY-STEP TRADING ALGORITHM

Step 1. Context (1 hour)

• Uptrend = look for longs (from EMA, levels or lower boundary of the channel)

• Downtrend = look for shorts (from EMA, levels or upper boundary of the channel)

• Sideways = trade only from levels, no EMAs and no “signal in the air”

• Confirm the strength of a level with shelves of horizontal volumes

Step 2. Zone (15 minutes)

• The price came to a strong level or channel boundary or horizontal volume

• Nearby there is liquidity (as a target, or where they might “take out before the reversal” )

Step 3. Entry (5 minutes)

• Wait for the candle to close for confirmation of a bounce from the zone of interest

• Enter after the reaction (not into the level, but from the level), stop behind the zone of interest

• Do not place the stop inside the liquidity zone (purple stripe), the price may take that liquidity along with your stop

• Risk per trade: 1-2% (in scalping this is not advice, this is survival)

Step 4. Exit

• Take: next strong level or nearest large liquidity

• If the price “collected liquidity” and gave a reversal, don't be greedy - lock in or take in parts: 50% immediately, the rest depending on the situation

Mini-checklist for self-check:

• 1 hour: clear trend and context? ✅

• 15 minutes: strong zone? ✅

• 5 minutes: is there a reaction? ✅

• Did additional triggers confirm the trade? ✅

We look at Buy / Sell signals only on the lower time frame where we determine the entry; on higher time frames ignore signals - they are only needed for analyzing trend and strong levels.

⚙️Midas Up preset settings for scalping

Let's break down the top tools of the upper indicator - what to enable/study so it's useful and not just pretty. The rest can be hidden to declutter the chart:

1. Trend (the direction we trade)

• Simple way - price channel (shows local trend and channel boundaries from which a bounce may occur)

• Advanced way - EMA 20 50 100 200 (with 4 different moving average periods you can quickly understand local and global trend)

1. Levels (zones of interest on the upper indicator from which the price will react)

• For a clear trend - price channel (we wait for reaction from the channel boundaries)

• For sideways - classic horizontal support and resistance levels

• To determine targets and stops - liquidity heatmap (shows where the price will be magnetized - where you shouldn't place a stop)

1. Confirmations (additional triggers for opening a trade)

• Buy / Sell signal - this is not a “command to enter”, but only a “reason to open the chart” or an additional confirmation of the setup (for example the trend is bullish, price pulled back to a support level, a bounce up began, and we received a Buy signal - this is confirmation)

• Buyers' / sellers' pressure - these are green and red circles near the candle; for a long trade a green circle is good, for a short trade a red circle is good.

⚙️Midas Down preset settings for scalping

Similarly let's break down the top tools of the lower indicator - what to enable/study to make it useful and what can be hidden to declutter the chart:

1. Trend (confirm the direction we trade)

• Global - money flow (greatly shows the overall picture and where the money is going)

• Local - trend ribbon (greatly shows the current wave structure without noise)

1. Confirmations (additional triggers for opening a trade)

• Price impulse - replaces all oscillators and much more accurately shows the strength and speed of the impulse, and the points on it show the moment of impulse reversal earlier than anything else

• Scale with overheated readings of 6 main oscillators - quickly and conveniently shows the overall picture of where the market is moving the price (when the scale is massively colored, where it reverses (when colors massively disappear)

🔔Alerts for scalping

• Set alerts so they come after the candle close, otherwise there will be spam - while the candle is open, signals may flash, but after the close they never redraw

• On the lower 5-minute TF set alerts for BUY / SELL

• On the 15-minute TF set alerts for bounce from a level

• If you need alerts in Telegram - detailed instructions here.

📊How to backtest the indicator on history

Method 1: open settings and uncheck “Show only the last signal” - all past signals will be displayed - they do not redraw after candle close, so you can analyze how and where they appeared, find patterns that work

Method 2: open settings and choose the indicator's operating mode “Autotester” - this way you will see a table with statistics for the last week / month / year, which contains statistics of signals and their P/L, stops, winrate etc...

❓Frequently asked questions about scalping

On which time frames should you scalp at all?

Basics: entries most often on 1m–5m, but it's better to start with 5m, because there is less noise and hysteria there. On higher TFs (15m/1 hour) look at context and zones, but not signals!

What if one TF shows one signal and another TF shows a different one?

Buy / Sell signals work like waves and each TF has its own signal, not related to other TFs. It's important to confirm the trade with a signal only on the TF where we are looking for the entry. On other TFs ignore signals!

Where to place the stop in scalping?

Classic: behind the level/behind the zone, so that a breakout really cancels the idea. And a separate rule: do not place the stop inside liquidity zones (purple stripes), they are often “collected”.

Where is it more logical for a scalper to take profit?

• the nearest strong level

• the boundary of the price channel

• the nearest liquidity (as a “magnet/target”)

• If you want discipline: lock in 50% quickly, manage the rest according to the situation, but do not turn scalping into a swing “because I believe”

Why is there a lot of noise on the 5-minute chart?

Because 5 minutes is noise! Use the filter against the trend. To hide all old signals - just click “Show only the last signal”

Why didn't the level work out?

All levels are broken. Bet on strong ones where there were 2 reactions and confirm the bounce - wait for several candles that failed to break.

Should you enter immediately on the signal in scalping?

No. A signal is a reason to open the chart, not a command to “jump in with everything”. In Midas this is emphasized as a manual approach: the signal helps analyze, the decision is made by you.

How not to catch countertrend and suffer?

Turn on filtering against the trend (EMA or price channel). This is the basic way to remove all signals against the movement.

EMA or price channel: which is better for a scalper?

For a beginner it's simpler price channel: it shows the direction and strength of the local trend and gives dynamic boundaries convenient for trading. EMA can be left as additional confidence, but don't arrange “double juggling” right away.

What to do if the market is sideways and the channel is yellow?

Yellow mode = the market is chopping. In sideways it's better either to skip, or (if you are no longer a beginner) trade only from boundaries/strong levels, but in no case in the middle of the channel. The price channel is created to see this.

How to properly set alerts for scalping?

Logic: alert = “open the chart”, not “enter without thinking”. Set BUY/SELL on the 5-minute TF. Notifications can be received in app/browser/email etc., and the list/limits depend on the plan. How to configure is in a special section.

What is more important: level or signal?

Level/zone is more important - no question. A signal without a zone often turns into an “entry in the air”.