# Midas Scalper

A grid-style scalping algorithm for Gold (XAUUSD) designed to accumulate small, consistent gains.

Canonical: https://prismaticalgos.com/compendium/algo/12111-midas-scalper
Record ID: 12111
Catalog rank: 741 (reading order, not performance)
Snapshot: 2026-10-31 15:46 UTC
Family: Trade & Execution Management (K)
Source: https://ctrader.com/products/5173
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 36.79. Over any real sample this is far outside what retail FX sustains.; UNDATED CLAIM: performance figures are published with no test period, so they cannot be checked or reproduced.

## Recorded profile

- symbols: XAUUSD
- timeframes: m1
- sessions: 3:00-7:00 UTC
- market_regime: ranging

## Indicators

No indicator stack recorded.

## Recorded long-entry rules

- price drop past Buy Dip Threshold (100.0 pips)

## Recorded short-entry rules

- price rise past Sell Rise Threshold (100.0 pips)

## Recorded exit rules

- profit goal ($1000.0) reached, then block new entries and close winners

## Recorded filters

- Enable Session Filter: true, Session Start Hour (UTC): 3, Session End Hour (UTC): 7

## Risk controls

- Stop loss: Buy Stop Loss: 10000.0 pips, Sell Stop Loss: 10000.0 pips
- Take profit: Buy Take Profit: 100.0 pips, Sell Take Profit: 100.0 pips
- Position sizing: Volume In Lots: 0.01