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00:00Okay now let's get into the next level of settings. There's a lot of settings
00:06that are a part of this indicator. So let's go back into indicator settings.
00:13Now we do have alert features. I have everything set as false, alert on the
00:20zero cross, alert on the signal cross, alerts on in general, true false, show
00:28alert message that would pop up on your screen. So we have all these options if
00:33you want to utilize that. I have them all off for now. They're pretty
00:38straightforward. Now here is a key component of our system. We're going to
00:44help you identify when we do get a signal when to actually get into the
00:49trade. Let's start with talking about five-minute charts. The higher the
00:57time frame we go, we have to expand out these three settings. Right now for a
01:05five-minute chart, how many pips for delayed entry, the lowest I would ever go
01:12would be eight pips. The highest I would ever set this to is twelve and I'll
01:19explain what this does. Right now I'll split the difference and I'll put a ten
01:24in. Initial stop-loss value is a 15. Initial take profit value is 30. So 15
01:35pips stop-loss, double that is initial take profit. So the minimum we recommend
01:42on trading the setup, as with pretty much any setup, is a two-to-one reward to risk.
01:50If I'm risking 15 pips, I better be at least going for 30 pips or my mathematics
01:56is off. That means, you know, if I'm going for 15 pips as a target and my
02:04risk is 15 pips, I have to have a really high win-to-loss ratio to do good. Most
02:11traders, even highly experienced traders, that trade manual discretionary, and I
02:17know who are the top 1% PAM managers in the world, I know how to go look at their
02:24data. Of those traders that trade manual discretionary, very few of them that are
02:31doing really, really good, you know, making seven, eight, nine, ten, twelve
02:36percent a month, I know who's good and who's not doing good for the current
02:42market conditions. A lot of these traders are in the high 50% to low 60%
02:50win-to-loss ratios for their record, their track record. But they're
02:56trading setups 2-to-1, 3-to-1, 4-to-1, so they do really well. So don't ever
03:02think that you have to come into the market and be right 75% or 80% of
03:08the time to make money. That's not the case. The mathematics shows you if you
03:14can be, you know, 58% to 63% and you're trading a minimum 2-to-1 reward-to-risk
03:23setup, you're in the ballpark of making money week after week. Start getting down
03:30around 53%, 50%, you're gonna be a break-even trader. That's fine. In the
03:36beginning it's about preserving capital and over time gradually becoming more
03:43efficient and making money. In the beginning, getting into the, oh I'm gonna
03:47hit the ball out of ballpark mentality, or I'm always gonna make the big shot,
03:53that's the wrong mentality. You have to lean on the mathematics. I'll give you a
03:59bit of advice. If you want to be a brilliant trader, whether you're trading
04:05CFDs, Forex, you know, stocks, options, futures, cryptos, the key is is you have
04:13to build processes that lean on good mathematics. That's the bottom line. It's
04:20algorithmic trading, whether it's manual or automated, and you have to plan out,
04:27you know, what are the setups I'm gonna trade, what time frames am I gonna trade,
04:32what currency pairs am I gonna trade, what is my objective on a per trade
04:37basis, am I going for two to one, am I going for three to one. In the beginning
04:42you can have dumbed-down objectives, stuff that's very easy to achieve, and as
04:46you gain experience you can grow your goals, your objectives. So the idea in the
04:53very beginning, especially when you start using a new system, is don't trade live
04:57with real money. Get used to all aspects of the system in demo mode. Build up a
05:03track record in demo mode that you're measuring, you're documenting, you're
05:07logging. You know, every day log all your entries, your exits, what happened on the
05:12trade. What I used to do back in the day when I would go trade manual
05:16discretionary, I would use Camtasia and I would screen capture my trading
05:22activities and go review it. And boy, if I ever wanted to make a YouTube, you know,
05:28comedy channel, I could have used my trading. I mean, there was some wild
05:34action in there as I was trying to figure out how to trade. And I wish
05:39somebody would have told me back 15 years ago, it's the process and your
05:44habits and the mathematics that make you a good trader, not being really good at
05:50figuring out which way the market's going to go. You know, ooh, the euro
05:55dollar is going to do this or the, you know, pound dollar is going to do that or the,
06:00you know, Swiss franc is going to, you know, it's not about that. It's about finding a
06:05system you feel comfortable with, getting experience with it. Measure, adjust.
06:11Measure, adjust. Measure, adjust. Measure what you're doing with the system, make
06:18adjustments to become more efficient or alter your time frame or the currency
06:24pairs you're on. Keep adjusting things till you get in a zone where you feel very
06:28comfortable and you're transitioning from being successful in demo mode, moving to
06:34trading live real money in a live mode. Now, here's the bit of advice. I would
06:41highly suggest to go get Ray Dalio's book. He runs, he's one of the top private
06:49hedge fund owners in the world, based in the United States. Ray Dalio has a book
06:57out called Principles. Oh my gosh, is that book amazing. If you want to know how to
07:04structure your mindset and your activities to create the proper environment to build
07:13successful trading, that is, I don't like to use this term, but I'll use it. That book
07:20is like the Bible of setting up the right algorithmic processes in your trading and
07:27in your mentalities. You can get it on audiobook too. I think Amazon has it, but
07:32it's in all the big bookstores. And Ray Dalio's been everywhere. He's been
07:37interviewed by Tim Ferriss and I think he's done interviews with Anthony Robbins
07:43and others. So Ray Dalio is very well known. Okay, I went off on a sidetrack
07:51there, but I wanted to make sure you understand, especially for you new
07:55traders, what you have to focus on. Because what you focus on is what you get in
08:01life, period. So why not focus on the right mechanisms to build a good
08:08foundation and then incrementally grow your capability from that as you gain
08:14more and more experience. Now I'm going to cover just a few more items, then
08:20we'll wrap up this video and we'll go on to run with this information and layer
08:25in additional information on top of it in the next video. But here's a good
08:30starting point. How many pips for delayed entry? 10. Initial stop-loss value? 15.
08:37Initial take profit value? 30. Now here is an important thing that I'm going to
08:45kind of go through a trade manually and show you what these components of the
08:51FX pulse or the strike trade early pulse indicator is doing for you. Okay, I'm
08:58going to click OK here. So what's going to happen, and I'll show you this in a
09:09forward video right now, I'm just going to do this manually. So I'm going to go in
09:15here and I'm going to set this color to white or at least something. There we go.
09:22There's white. So we have a signal trigger line that just triggered here.
09:27Let's blow up this view. Right now at this bar close, the trigger line
09:35triggered. As you can see on the far right, the price is 1.17612. So we'll
09:45just call it 1.1761. 10 pips up from that. So back
09:56here again, we'll call this the 6-1 level. 10 pips up from that would be your
10:01entry trigger line. So at the 7-1 level. There, close enough. So our system will
10:12automatically, because we've set a gap of 10 pips. So we've set a gap from here
10:27to the candlestick close of 10 pips. This white line, as soon as this trigger line
10:34hits, this white line will get deployed. Now if we go into the indicator settings,
10:43I want to show you something because I need to correct something. The pending
10:48line is yellow, meaning until price reaches that line, the line is actually
10:56colored yellow or whatever you want to color it. Once price has lifted and hit
11:01that line, so it's yellow in the beginning, you'll have a horizontal
11:06yellow line. So in other words, when we get a signal, we don't just jump in and
11:12go, yee-haw, we're long. We make price confirm that it has enough momentum to
11:19fill our position. Eventually price comes up, tags the yellow line, it turns to
11:26white. Now from this point till price hit this line, what should we be doing?
11:32You can go into your MT4, right-click, you can go into trading, and you could put a
11:39buy stop. So you can put a buy stop order in the market and lay it on
11:47that line. So in other words, we're gonna let the market come up and hit our limit
11:52in order to activate this trade. So right-click, go into trading, buy stop,
12:03whatever position size you typically trade, you want that set, you can set it
12:07up here in the window. So I would take this and I would lay that right on that
12:11line. So now I have a order, or you can put it just slightly above, you know, so
12:17you can see the line, or just slightly, just somewhere so you can see that line
12:22and it's all ready. You're waiting for the market to prove that the momentum
12:30will follow through and fill your order. Once the order is filled, guess what? We
12:36have a stop set of 15 pips. We had set that down at 15 pips. And what color was
12:44that line? If you remember from the settings, we have a red. Let's go back
12:51into settings just for a second. We have a red and green. Green is our target line.
13:01Target is 30 pips out from our entry. Stop is 15 pips. So once we get filled, we
13:11would have a stop that would be down 15 pips. We would have a target line appear
13:20on our chart in green. That would be set, and let's find green, at 30 pips. So I
13:28just wanted you to know that the second the trade gets triggered, we don't get
13:33into the trade there. We get a yellow line that says, hey, put your order here, a
13:40buy stop if you're gonna buy, a sell stop if you're gonna sell, and once you get
13:45filled, then we'll put where your stop and initial target should be. So we put
13:52those lines on the chart for you as a component of the system, and you can
13:58adjust the colors to meet your preference. So I just wanted to at least
14:03explain what those items are in the settings and what they control. So when
14:13we go back to the settings, that's what all of this information is. How thick do
14:22you want the line? Do you want it solid or dash? And what colors? The four lines you'll
14:27start seeing a lot on your charts when you're in the live market mode, and
14:32you're watching price go up and down, and you're getting, you know, transitions from
14:37downside momentum to upside and upside to downside. You'll see all of that. These
14:43lines taking place. The nice thing is, as price goes up and hits your target,
14:48you'll see the stop line move. So your stop line will move per your setting. So
14:56if it hits your target, your stop is going to move up 15 pips, meaning the
15:02line. So it's, what this is, all of this is a visual cues to help you know where
15:08should I get into this trade? What's the minimum target I should go for?
15:14Where should my stop be? That way you don't have to think. The second we get a
15:19signal, you have all the lines displayed for you to help you manage where to put
15:25your stops and targets. Now you can go in here, experienced traders that are, you
15:34know, you guys are familiar with what kind of risk management you like. You can
15:39go in here and set your initial stop and take profit. Visual reference lines,
15:44however you see fit, but I highly suggest never setting the anything less than 2
15:51to 1, at least as a minimum benchmark reward to risk. And how many pips gap
15:59between the signal activating and where we should be willing to get in on a 5
16:08minute chart? I would go no less than 8 pips gap, no more than 12. Okay, so we
16:19pretty much went over the settings for the FX pulse indicator. Now let's go in
16:26and throw in and kind of quickly cover adding the FX push to a chart for those
16:33of you that have access to the additional item. So let's go over here
16:37and add that indicator. So the strike trader elite push, common, I'll check that.
16:45The allow DLL imports. This is one of those indicators where you just load it
16:51up, you adjust colors, and that's it. There's no settings. And this indicator
16:59measures trade intensity. This is a trade intensity indicator. This is what I
17:08would call a more advanced indicator. It's very unique. We're looking at items
17:14like uptick, downtick information, and bar length, and creating information. So let's
17:23say you're trading a move out of news, or you want to fade an area, or you want to
17:30join a trend. I mean you can use this indicator to help you see when momentum
17:36is really coming into the market strong, either upside or downside momentum. And
17:42you can see when the momentum is starting to dissipate, and we're
17:46potentially building a shift in intensity to change directions. So that's
17:53how you load it up. Real simple. I'll cover this in depth in the subsequent
17:59video. Right now I just wanted to show you how easy it is to set. You just add
18:02it to a chart, set the colors the way you like it, and go from there. I will make
18:09this note though. I tend to use this indicator on lower time frames, like a
18:145-minute chart, or a 15-minute chart, maybe even a minute chart. I like to use
18:20it when I'm watching news. So if I see a big pulse move, and the markets pushing
18:24and pushing and pushing, I'm watching this to see how the intensity is
18:28dissipating. If I'm gonna go in there and fade a move, or look for a rollover, and
18:34maybe play this. You know a lot of times news will hit. There'll be an initial
18:38reaction that might be up, and then the primary move will be the secondary one.
18:47Sometimes they play that game where they'll push price up, literally, so they
18:50can get in and sell it and take it down. So a lot of times I'll watch that
18:55initial move, and I'll watch the momentum. If I see the momentum bleeding off, maybe
19:00into the first, you know, 10 to 15 bars on a minute chart, or if I'm watching a
19:065-minute chart, you know, maybe first 3, 4, 5 bars, I might then get ready to, as I
19:13see that momentum dissipate in a shift, to play the opposite direction, and then
19:18engage the move on the downside, on the opposite reaction to the initial
19:26move. And then sometimes, if it takes off and runs, I'll get in the move, and I'll
19:32grow my position size into the run as I see strong intensity continuing.
19:39It's a trade intensity indicator. Okay, so let's go in here. I'm going to delete
19:48these lines, get rid of these trend lines. There we go. So there you have it. You now have
19:56both indicators set. You have a basic chart built. The last thing I would do, I
20:01would right-click. I would go into templates, and put save template, and give
20:10it a name. So in this case, you can just call it the, go STE for Strike Trader
20:18Elite, underscore pulse, and hit save. Now anytime I go open up a new chart, so let's
20:30go new chart. Let's say I'm going to make a US dollar Japanese yen chart. I can
20:37literally just open it up, set it to whatever time frame, right-click, go into
20:43template, and there we go, STE pulse, and boom, it will populate everything, and
20:50we're all set. Very simple. Another recommendation I have is once you
20:57build up a bunch of charts, definitely go into file, go into profiles, and save
21:04as, and give your MT4 platform, STE pulse, give it a profile name, or you know
21:15whatever name you want. Just give it some sort of a name. I also personally, after I
21:20do all this, I go shut down and restart the platform, just to make sure I latch
21:25everything that I just spent, you know, 20 minutes building up. Now I know this
21:31video is a little bit long, but there was a lot of important settings and items to
21:36cover, and some preliminary information I wanted to make sure you understand
21:40before we get into additional content. So there you have it. We have covered the
21:47installation of the indicators to your charts for the MT4 platform.