# The Midas Strategy

A high-precision scalping algorithm designed for XAUUSD, focusing on mean-reversion and profit-locking.

Canonical: https://prismaticalgos.com/compendium/algo/12085-the-midas-strategy
Record ID: 12085
Catalog rank: 359 (reading order, not performance)
Snapshot: 2026-10-31 15:46 UTC
Family: Time, Session & Seasonality (F)
Source: https://ctrader.com/products/5326
Evidence label (unverified): backtest_shown

## Scope and limitations

These are machine-extracted research records, not verified trading systems. Catalog rank measures specification detail and claimed evidence, not profitability. The catalog extraction pipeline did not independently backtest these records. Its separate selected testing ledger does not validate the wider corpus. Rules, labels and parameters can be incomplete or wrong; consult the original source and its reuse terms.

No endorsement, ownership claim or source-code reuse permission is implied.

## Extraction warnings

Claim warnings: IMPLAUSIBLE PROFIT FACTOR: claimed 24.44. Over any real sample this is far outside what retail FX sustains.; UNSIZED CLAIM: performance figures are published with no trade count, so the sample behind them cannot be judged.

## Recorded profile

- symbols: XAUUSD
- timeframes: M1
- sessions: Enable AsianSession (01:00-08:00 UTC)
- market_regime: range_bound

## Indicators

No indicator stack recorded.

## Recorded long-entry rules

- price drops by the Buy Dip Threshold from the tracked high

## Recorded short-entry rules

- price rallies by the Sell Rise Threshold from the tracked low

## Recorded exit rules

- Once a position achieves floating profit equal to the Lock Trigger, the broker-side Stop Loss is modified to the Lock Level

## Recorded filters

- multi-timeframe trend coherence filter (M1, M5, M10, M15)

## Risk controls

- Stop loss: hard disaster stop loss placed at order fill
- Take profit: hard broker-side take-profit target of 10.0 pips
- Position sizing: sizing uses a step-function (+1 reference lot per defined profit threshold) and symmetrically descales if drawdowns occur, never dropping below your base lot