Forex MIDAS Signal MT4 Indicator:
About the Forex MIDAS Signal MT4 Indicator
MIDAS Signal is a semi-automatic indicator with highly qualified and accurate Buy/Sell Signals.
To learn more about MIDAS download the “MIDAS Technical Analysis: A VWAP Approach to Trading and Investing in Todays Markets” – by Andrew Coles and David Hawkins.
Easy Drag and Drop
Recommended Buy/Sell Signals
Individual Time Frame Memory
When and How to Use MIDAS Signal
Identify an impulse or breakout in any market manually or with the Global Market Watch (GMW).
Anchor MIDAS Signal to the origin of the accelerated move by dragging and dropping the vertical line.
Activate the Buy/Sell Alert System by clicking the circled button in the top right corner. White = OFF / Blue = ON.
Wait for a Buy/Sell Signal to be generated.
Enter the market with a Stop Loss above/below the Signal.
Select Unique ID: 1-10
Show Buy/Sell Signal: Yes/No
Show Displacement Curves: Yes/No
Buy/Sell Signal Color: Yellow
Trend Sizes and Chart Time Frames of Relevance to the Day Trader Using the MIDAS Method
Trend Name /
Description Trend Size Chart Time Frame Purpose Number of Active Signals for Day Trading
Six weeks to nine months Daily chart Mainly providing broad trend direction One perhaps two per month
(better for swing trading)
Two to four weeks 120m or 60m Trend direction and day trading signals One, occasionally two, signals per day
but sometimes several
One to two days,
sometimes several 15m Day trading signals Typically three to four each day
Two-to six-hour trend
15m to 60m trend
Two to six hours
15m to just over 60m 5m (possibly 3m or 2m)
1m (possibly 2m) Day trading signals
Day trading signals Typically 5 to 10 each day
Roughly 12 to 15 per day
Copy and paste the file into the MQL4 Indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)