Swing (several days)

Ready-made indicator presets and practical lifehacks for swing trading👇

Swing = not catching every candle, but taking a clear piece of movement along the trend.

The main task here is to remove noise, wait for a strong zone and enter only after confirmation, not in the middle of an impulse.

So as not to turn a swing into an “intraday with position carryover” Midas helps to:

• trade only from strong zones of interest on the higher TF

• enter only on confirmation, where action is required right now

• filter out extra noise signals to avoid overtrading

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

🤓For beginner swing traders

We set the indicator:

• Strategy and number of signals - "Trading🚨" (signals don't appear that quickly, but there's noticeably less noise - just right for medium-term trading)

• Signal filter against the trend - "Price Channel" (signals against the trend will be automatically hidden)

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

If you're a newbie or get confused, use only one 4-hour timeframe and that's it - 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 - it's enough to 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 upward - go long from the lower boundary of the channel; if the trend is bearish and the channel is downward - go 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 through the zone of interest (the channel boundary) + a BUY / SELL signal appears - 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 “weekly” trend via the price channel

• Trend up = look for longs (from the lower channel boundary)

• Trend down = look for shorts (from the upper channel boundary)

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

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

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

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

Step 3. Entry

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

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

Step 4. Exit

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

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

To avoid blowing your account in 2 days:

• Don't trade a signal without a level, a "signal in the air" = trash!

• Don't go against the trend. Want a countertrend? First read the whole FAQ!

• Always wait for a signal on candle close. Trading without this turns into chaos!

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

• Risk per trade: 1%, stop is mandatory, the first 20 trades are better with micro-size

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? ✅

• Did the candle close? ✅

• Is the stop beyond the level? ✅

• Is the take at the next zone? ✅

🎯Visual examples of how to and how not to trade

✅Long trades

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

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

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

We close the position at the upper channel boundary

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 swing traders

We set the indicator:

• Strategy and number of signals - choose "Trading🚨" (signals don't appear that quickly, but there are enough to trade medium-term, and there's less noise)

• Signal filter against the trend - if you trade only by a clear trend, choose "Price Channel" or "EMA-200" (you can test other filters and check history), if you want to see all signals and filter manually - skip this

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

To cut off as much noise as possible, take precise entries only from strong zones of interest, and confirm entry with several triggers - use three timeframes:

• 1 day: look at trend/sideways - where it makes sense to trade at all (on the top indicator - EMA and channel, on the lower indicator - be sure to have money flow to determine market bottoms/peaks and the direction of money and follow big capital + trend ribbon to determine the current wave)

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

• 1 hour: find the entry (we look for signals on the lower TF - ignore signals on the higher TFs)

🎯STEP-BY-STEP TRADING ALGORITHM

Step 1. Context (1 day)

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

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

• 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 (4 hours)

• 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 (1 hour)

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

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

• Don't place the stop in the liquidity zone (purple strip), price can take that liquidity along with your stop

• Risk per trade: 1-2% from experience

Step 4. Exit

• Take: the next strong level or the nearest large liquidity

• If price “collected liquidity” and then reversed, don't be greedy - take profits or scale out: 50% immediately, the rest depending on the situation

Mini-checklist for self-check:

• 1 day: clear trend and context? ✅

• 4 hours: strong zone? ✅

• 1 hour: is there a reaction? ✅

• Signal in the direction of the higher trend? ✅

• Did the candle close? ✅

• Is the stop placed beyond the zone and not in liquidity? ✅

We look at Buy / Sell signals only on the lower timeframe where we determine the entry; ignore signals on the higher timeframes - they are used only to analyze trend and strong levels.

⚙️Midas Up preset settings for swing trading

Let's break down the top tools of the upper indicator - what to enable/study so it's useful, 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 four different moving periods you can quickly understand local and global trend)

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

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

• For sideways - classic horizontal support and resistance levels

• For determining targets and stops - liquidity heatmap (shows where price will be magnetized - where you should not place your stop)

1. Confirmations (additional triggers to open a trade)

• Buy / Sell signal - this is not a “command to enter”, but merely a “reason to open the chart” or an additional confirmation of the setup (for example, bullish trend, 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 dots near the candle; for a long trade a green dot is good, for a short trade a red dot is good.

⚙️Midas Down preset settings for swing trading

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

1. Trend (confirming 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 to open 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 price (when the scale is massively colored, where it reverses (when colors massively disappear)

🔔Alerts for swing trading

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

• On the lower 1-hour TF set alerts on BUY / SELL

• On the higher 4-hour TF set alerts on bounce from the level

• If you need alerts in Telegram - detailed instruction is 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 don't repaint after candle close, so you can analyze where and how they appeared and find patterns that work

Method 2: open settings and choose the indicator operation mode "Autotester" - this way you'll see a table with statistics for the last week / month / year, which includes signal statistics and their P/L, stops, winrate, etc...

❓Frequently asked questions about swing trading

On which timeframes should you trade medium-term?

Base: entries most often on 1 hour, because there's less noise and hysteria there. On higher TFs (4H/1D) look at trend and zones, but not signals!

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

Buy / Sell signals work like waves and each TF has its own signal, unrelated to other TFs. It is important to confirm the trade with the signal only on the TF where we look for the entry. On other TFs ignore the signals!

Where to place the stop in swing trading?

Classic: behind the level/behind the zone, so that a breakout truly invalidates the idea. And one separate rule: don't place the stop in liquidity zones (purple strips), they are precisely often "collected".

Where is it more logical to take profit?

• the nearest strong level

• the boundary of the price channel

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

• If you want discipline: take 50% quickly, manage the rest according to the situation, but don't turn a scalp into a swing “because I believe”

Why didn't the level work?

All levels get broken. Bet on strong ones where there were 2 reactions and confirm the bounce - wait for several candles that couldn't break through.

In swing trading should you enter immediately on the signal?

No. A signal is a reason to open the chart, not a command to “jump in with everything”. In Midas the signal notifies and helps analyze, you make the decision.

How not to catch countertrend and suffer?

Turn on filtering against the trend (EMA-200 or price channel). This is the basic way to remove all signals against the movement.

EMA or price channel: which is better for swing trading?

For a beginner it's easier price channel: it shows the direction and strength of the local trend and gives dynamic boundaries convenient for trading. EMA = a stricter filter, can be kept as additional confidence, but don't set up “double steering” 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're no longer a beginner) to trade only from the boundaries/strong levels, but under no circumstances in the middle of the channel. The price channel is designed exactly to see this.

How to correctly set alerts for swing trading?

Logic: alert = “open the chart”, not “enter mindlessly”. Set BUY/SELL on the 1-hour TF. Notifications can be received in the app/browser/email etc., and the list/limits depend on the plan. How to set up see the special section (table of contents on the left).

What is more important: the level or the signal?

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