Introduction
MIDAS which is an acronym for Market Interpretation/Knowledge Evaluation System is the revolutionary work of the late technical analyst Paul Levine. Levine strongly believed that the dynamic interaction of help and resistance and accumulation and distribution are the last word determinants of worth conduct. After inspecting and rejecting the entire normal technical evaluation methods for figuring out help and resistance, he got here up with a brand new method – MIDAS.
Primary Operate
While you first connect MIDAS Buying and selling Instruments to your chart a Purple vertical line will seem.
- You possibly can drag and drop this line to decide on a begin date (anchor level). Double click on on the road to detach it from the chart, then drag it to your chosen begin date.
- You possibly can regulate the thickness and the colour of the vertical line in parameters.
Chart ID
- The Chart ID characteristic lets you have a number of MIDAS Curves in your chart by assigning a novel ID to every MIDAS Curve.
- Chart ID will keep in mind the place you positioned every MIDAS Curve, even whenever you shut down the MT4 Terminal.
- When you assign two MIDAS Curves with the identical ID as they are going to be layered on high of one another.
Tips on how to Commerce MIDAS Curves
1. Determine a Development or Recent Breakout (V-Form) out there.
2. Anchor MIDAS from the origin of the pattern.
3. Look forward to worth to tug all the best way again to the MIDAS Curves.
4. When worth pulls again, search for any kind of odds enhancer that worth will react to the MIDAS Curves.
5. Enter a place with a Cease Loss under the MIDAS Curves.
Odds Enhancer – TD Combo
I like to recommend utilizing TD Combo by Thomas DeMark for enhanced market timing.
TD Combo shows exhaustion patterns and alerts potential worth flips and/or worth exhaustions.
An awesome alternative is noticed when worth pulls again to the MIDAS Curve whereas concurrently producing a TD Setup or Countdown.
Within the image under a TD Purchase Setup was generated proper on the MIDAS Curve.
MIDAS & FX Capital Stream Scanner
FX Capital Stream Scanner identifies the money circulation between the main currencies EUR, USD, CAD, NZD, AUD, GBP, JPY, CHF and filters out the strongest buying and selling pairs.
1. Click on on a Sign from the Scanner.
2. Anchor MIDAS to the origin of every worth wave/breakout.
3. Enter a place when worth pulls again to the MIDAS Curve with a Cease Loss slightly below.
4. Keep within the commerce for so long as the scanner is displaying that capital is flowing within the route.
5. No odds enhancers wanted right here!
A pattern will usually maintain not more than 4-5 MIDAS Curves earlier than ending.
The scanner is succesful to recognizing developments of their early stage so as to get in on the pullbacks of the primary 1-Three MIDAS Curves.
The High-Backside Finder
This can be a very fascinating software for it’s able to predicting the High or Backside of an accelerated worth transfer, and it may be very exact! You possibly can consider the T-B Finder as a rocket leaving earth. If you understand how a lot gasoline a rocket have and the angle it’s travelling you’ll be able to predict the place it is going to finish and fall again to earth – or again to the MIDAS Curve so to talk.
Activate High-Backside Finder
To activate the T-B Finder go into Parameters and set the next:
- Present T-B Finder: True
- Present Gas P.c (%): True
- Present Gas Panel: True
The High-Backside Finder ought to now be displayed in your chart!
When & Tips on how to use the High-Backside Finder
Step 1: Determine an accelerated worth transfer the place worth fails to tug all the best way again to the MIDAS Curve and as an alternative accelerates away.
Step 2: Activate the T-B Finder and match it to Level D. Level D is the pullback that didn’t make all of it the best way again to the MIDAS Curve.
- You match the curve by dragging the panel within the backside proper nook. You possibly can regulate the step (5,10,15) in parameters beneath “Gas Step”.
- When T-B Finder is in alignment with level D the gasoline (quantity) of the accelerated transfer have been decided.
- When adjusting T-B Finder to Level D, the becoming level has to indicate a minimal of 20% gasoline burnt. If the gasoline burnt at Level D is lower than 20% there may be not sufficient knowledge to launch the T-B Finder.
Step 3: Determine the place it ends, which is the burnout level (100% of the gasoline used) and indicate that the place it ends will end in some type of worth response, most frequently a pullback to the closest MIDAS Curve.
Odds Enhancer – TD Combo
A strong sign is generated when the T-B Finders burnout level is in alignment with a TD Setup or TD Countdown.
Within the image under a TD Promote Setup was perfected just some bars earlier to the T-B Finder (Pink Arrow).
One other TD Promote Setup was generated instantly after, not perfected, nonetheless exactly on the T-B Finder.
This offered an ideal lowrisk alternative to promote again all the way down to the MIDAS Curve
Hyperlink: MIDAS Buying and selling Instruments
