The micro midas is probably the best bow out there for young kids.It is a nice bow with a huge adjustment.
But that is way too big for your daughter IMO. My son is 7 and it's just right for him. Like I said...there may be a bow out there, I just don't know anyone that makes them smaller than 15". The micro midas is 18-28" I believe.
IMO, you should find a decent small bow that is as close to fitting her as possible (if you can't find one that actually fits)....twist it down, and go with that for a couple years. I think the one I bought my son cost $60 shipped and it worked great. They can't pull much weight at that age anyhow. I think the one I got was 15-25lbs and probably less once I twisted it down. My 4yr old daughter shoots it now and she thinks she's cool.
Good luck