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00:00Hello, in this video we're going to go ahead and show you how to now take the
00:04StrikeTrader Elite indicators that have been added to your MT4 platform through
00:10the installation. You should now see the indicators in your navigator window in
00:17the indicator section as the StrikeTrader Elite Pulse and StrikeTrader
00:22Elite Push indicators. So we're going to build up a basic chart. We're going to
00:28build up a few time frames and show you how to set up basic charts to get ready
00:34to start trading and utilizing primarily the FX Pulse indicator. That's the
00:41primary indicator. It's a hybrid momentum indicator. It's not MACD. It's not CCI.
00:48It's none of that. It's an indicator that's comparing different
00:54measurements of price movement and momentum and then plotting that for you
01:00in a way that you can see when momentum is building, when momentum is
01:06decreasing in a market, regardless of the time frame that you're trading. So let's
01:13go ahead. Let's start with a EURUSD chart. We'll set it to a five
01:18minute chart. We'll go down to about the lowest time frame I would ever use. Just
01:23initially, let's look at some stuff on the MT4 platform. I notice a lot of MT4
01:29traders have this particular row of tools and the time frame items set below
01:39wasting screen real estate on your MT4 platform. I would suggest you take those
01:46wherever they are and move them so that you have all four kind of areas of tools
01:54set up horizontally, taking up the minimum real estate possible on your
02:00screen. It's kind of funny. I'll watch videos of somebody that's traded on
02:05the MT4 platform literally since back in the horse and buggy days and they still
02:10have these two items down below wasting screen real estate. You know, it's like
02:17why not just move them and maximize the area you can put your charts. First
02:23of all, let's explode this EURUSD chart and we have it set to a five
02:30minute. I'm going to lock down this chart. So basically we hold it on the hard
02:37right edge. If I wanted to step it back from the hard right edge, I would click
02:42that button, click it again, goes back to the hard right edge. If I unclick the
02:48scroll, basically lock button, I can go in and move it and the screen won't pull
02:55back. If I select that button and I scroll back and let go, it will keep
03:00reverting back to the hard right edge. So that's just a preference. Now you can use
03:06the plus and minus to zoom out and grow the size of your candlesticks and spread
03:12out the view. We'll cover that as we add the indicators. But since we have an
03:17exploded view right now on a M5 or five minute chart, let's go right-click and go
03:22into properties and here's some properties that I like. I have background
03:28set to black, foreground white. I have my grid so I can barely see it. So I've gone
03:36into the grid. I've gone custom. I typed in the numbers 45, 45, 45. Add to custom
03:44colors. Click on that custom color. Hit OK. I've set my bar up, bar down, bulb
03:51candle to aqua. My bear candle to black so it looks like the back, you know,
03:58background of the screen so they look hollow. And my line graph I set to aqua.
04:04That way all my wicks and all my candles are aqua. It's just a preference. You can
04:10go, you know, the typical lime for bar up and bulb candle and you could go red for
04:18bear candle and line graph. Totally up to you. That's just a preference. I'm sorry,
04:25bar down and bear candle. You can have set to red. Totally up to you. Just a
04:31preference. So everything else looks good. I do want to show you the common section.
04:37Some traders do like to go scale fix. You hit OK. If you can see, you'll see a
04:44little white line here. I can left-click, grab the screen, move it up and down. I
04:48can left-click and hold and make adjustments. That gives you a little bit
04:53of additional flexibility with the chart. If I just want to turn that off, then I
04:59go back to properties. I uncheck that, hit OK, and then MT4 will at least let me
05:05left-click in the right axis, hold, and scroll up and down to expand the chart.
05:12It's just your preference. You can play around with that feature. Okay, I have
05:18everything aligned up here the way I like it. Not, you know, maximizing how much
05:24area I have to work with for my screen. And let's go ahead and I'm going to
05:30minimize the candlestick price for now. We'll kind of scrunch up price. And there
05:38we go. That's the maximum amount. You can see this area went shaded, so I can't.
05:43You can also left-click in the lower date time group area. You can
05:49laterally move your mouse or cursor, you know, with a touchpad on a laptop or a
05:56mouse while you're holding the left key down to compress or expand price. Just
06:02want to make sure you guys understand some of the basic features of how you
06:07set your charts up. I like to have the order window in the upper left. You
06:12right-click. That's called one-click trading. You click on it. Let's click on
06:18depth of market. You can see that's your, like a dome, a depth of market where you
06:25can set quantity. You can even set stop loss and target profit. So as you enter
06:30trades per the quantity you've set, it will go ahead and initiate the execution
06:38of the order and then place a stop and target for you. Just want to make sure
06:42you know that, you know, most brokers have this available and it's a floating
06:47window. Most traders tend to keep it. You have to keep it inside this framework of
06:53your MT4 platform. So that's another feature. I wanted to make sure you're
07:00aware of, of course, retail traders don't get access to volume. We get uptick
07:05downtick information, so price movement information on a per tick basis. We don't
07:12get to see bid-ask volume like futures traders and other market stock traders
07:17and related get to see. But that's okay. We don't we don't have to have that
07:22volume information to trade the FX markets. We're trading price action and
07:28mainly momentum in our case. So let's go ahead and start with the FX pulse
07:36indicator. I will left-click and hold and drag that over to the screen. The group
07:44is tradingstrategyguides.com strike trader late pulse. I go to common. I like
07:52to always check the allow DLL imports box. I'm going to hit inputs and let's
07:59explode this screen. We have a lot of capabilities in this indicator. We have a
08:05lot of stuff technical available items for you to access in the settings. We
08:13have a first and second period that controls the sensitivity of the
08:19indicator and how much how sensitive our hybrid momentum indicator is to the
08:27momentum in the price movement. So it's a comparison. We're comparing two different
08:33items to plot that lower region indicator. So let's just go ahead let's
08:40just hit OK just so we populate the indicator so you can see it. Now we'll go
08:45ahead and expand out a bit. So here is the strike trader late pulse indicator.
08:53We're looking for pulses of momentum. We have an index threshold defined by
09:00horizontal lines. So we have to get X amount of momentum to the upside before
09:08we would trigger the potential of a signal. Just the same to the downside. Any
09:14action within these two horizontal gray lines that's kind of the neutral or the
09:19zero zone and that's when the market has a lack of directional momentum. Upside
09:26momentum is detected with our hybrid momentum indicator, downside momentum and
09:33dissipating momentum. So after initial pulse of momentum to the downside the
09:39market goes sideways we're detecting that as dissipating momentum. And then
09:44many times especially when we're on a short time frame it has a lot of
09:49whipsaw price action as the market reacts to the day's trading activities
09:55unscheduled news or scheduled news. You can see when we have pushes of momentum
10:00then the indicator detects that. As the momentum wanes or decreases the
10:05indicator shows that through divergence. So the good thing about the visual
10:13overall look of the indicator is you can use it to see the shifts from downside
10:18to upside momentum, upside to downside momentum and we can see when the
10:25momentum is dissipating or increasing. Let me turn that off. Here's a big shift
10:31in momentum from downside price action. Price action starts to lift. We cross
10:38our zero zone. First time we plot some of the indicator above our neutral zone we
10:46get a vertical line to plot. Green you know go long type indication or signal.
10:53As we get pulses of momentum or dissipation of that upside momentum the
10:59indicator reflects that. And you know like a traditional you know like MACD's
11:05or CCI's or momentum indicators or OSMA's or all these other indicators we
11:13can see when there's a dissipation of momentum. You know price is going higher
11:19indicator peaks are getting lower. So we at least built this indicator visually
11:25to be familiar but it's actually looking at momentum very different than
11:31a lot of typical momentum indicators. That is the basic look. Now you have
11:39full trader adjustability to go in and change items. So let's right-click. Let's
11:45go into indicator list and let's double click on that. Pull up our custom
11:51indicator inputs window. So if I want to speed up the indicator right now the
11:57default 33 over 77 that is a very good setting to start out at. Experienced
12:05traders may go into this indicator setting and speed the indicator up or
12:10slow it down depending on if they're going to lower time frames or higher
12:15time frames. The t3 period is is a overlay indicator that's not a primary
12:25component of the system. So anyhow let's go in here let's just show you an
12:31example. Right now we're set at 33 by 77. So if I double that 33 number it would
12:39be 66. So you can see the ratio of our two periods that we're comparing with
12:46two various indicators and then plotting the difference between the two as the
12:52indicator plot. It's roughly a little over 2 to 1 ratio. So if you are going to
12:59change the settings I suggest you keep the ratio 2 to 1 or slightly greater
13:05than 2 to 1. For instance let's say I went down to a 15 then I need to have
13:11this indicator if I was to 2 to 1 I would have it set as a 30. 15 times 2 is
13:1830. But I like it to be a little over. This indicator tends to like odd numbers
13:24like I've noticed in a lot of indicators that I've built. So let's go 15 and 35 or
13:3137 that's a little over 2 to 1. And let's hit OK. And you can see the
13:38indicator becomes much more sensitive. Not a setting that I personally would
13:44ever use to trade the market on a five minute time frame. But I just wanted to
13:50show you there is flexibility in the in the options here the settings to adjust.
13:57So let's go back. Let's let's go up in size. So we were at 33 and 77. Let's go
14:07up. Let's go let's go 53. And let's go 101. So let's grow the size. Now you can
14:22see the indicator lags a bit more. It's seeing bigger structural moves. So not
14:32only do we have the ability to adjust the sensitivity of how our hybrid
14:39momentum indicator is detecting and measuring price movement and looking for
14:44and identifying pulses of momentum. We can also vary the zone. We can make the
14:51zone tighter so it's barely just slightly above and below the zero line.
14:57Or we can expand it. So when you tighten the zone you make the indicator more
15:04likely to trigger lots of signals even when there's a lack of momentum. So that
15:10can be counterproductive. So let's go in and let's show you that setting. We call
15:15it the box lines level. That creates the box around the zero line. So if I was
15:22going to make this more sensitive, I shouldn't say more sensitive, if I was
15:26going to make the neutral zone smaller, a smaller area around the zero line, let's
15:34go in here and put a one and watch what happens. See how the neutral zone
15:41actually compresses around the zero line? So this is a good indication. If I
15:50grow the numbers on the indicator settings, if I lag the indicator and make
15:56it less sensitive, it's probably a good idea to then squeeze together or narrow
16:03my zone. Okay let's go in here in the indicator. Let's just adjust this zone
16:11again. Let's go to a point zero zero zero two. So we'll expand that zone just a
16:19little bit and now it's expanded. So what this does is a lot of times the way
16:26momentum indicators are built, if a momentum indicator is built properly,
16:32you'll get a lot of what's called zero line area rejects. So let's say you have
16:37a market that's oscillating an uptrend. What will happen on the initial push,
16:43you'll have a big pulse above the zero line and then it will come back to the
16:48zero line on a pullback, reject the zero line and price will lift and make
16:55another another wave higher. It might do it one time after initial pulse or might
17:01do two three or four pulses in a row or waves in a row. So a lot of times you'll
17:06see the indicator come back to the indicator zero line area before it
17:10presses higher. Well a lot of old or a lot of old-school indicators, the
17:17indicator will spend a lot of time returning to the zero line. We've designed
17:21our indicator so when we are getting pullbacks and strong momentum, we stay
17:26away from the neutral zone giving too many false signals. That is a component
17:32that's been built into the indicator and you have to realize we're on a
17:36five-minute chart. So price is more erratic on lower time frames. So if I go
17:43to a one-minute chart, price is the most erratic, the most whipsaw, the least
17:50amount of smoothness to the price action that you can see visually by quick
17:56glance at the chart. The higher I go in time frames, price action will tend to be
18:02more structural. You'll see the bigger moves and you won't see the noise. So in
18:08our opinion, after developing this and we utilize it, we utilize this indicator as
18:15one of our filters in a in a forex fund that I operate, you know, we utilize this
18:22on five-minute charts or higher. We never utilize this on a one-minute chart. You
18:28could use the indicator on one-minute chart. You could lag the settings, slow
18:33them down for somebody that's experienced. So let's say you're trading
18:38quick pulses of momentum out of, let's say, a news release. The tool is
18:43exceptionally strong for helping you find and target and be patient until you
18:49get benchmark levels of upside momentum to then get in and work trades. You can
18:55use it for that. I didn't build the indicator for that. I built it to operate
18:59on five-minute time frames and above, mainly on our default settings. So let's
19:06go back into the indicator and let's go set us back to default of 33.77. And I'm
19:21going to go back here in the box lines level and set this back to a 0.003.
19:27If you like different coloring for your chart, no problem. Everything in this tool
19:35has trader adjustable features. So right now we have the box lines level dim gray.
19:42You could color it aqua, you know, black. You could color it transparent so you
19:48don't even see it. You know, it's totally up to you. And then the width of the line,
19:52if you want it, if you want this line to be more bold, you can go to a 3 or a 4.
19:58Or if you want to hardly see it, you could go to a 1. That is the basics of the initial
20:07settings. I suggest you leave the maximum bars back around 1,000. That means the
20:14indicator is looking at the current bar and then 999 bars back. You can go higher.
20:20That's fine. It won't hurt the indicator, but you will potentially use more MT4
20:27resources if you're running, you know, 24, 30, 36 charts. You know, some traders are
20:35looking at a lot of markets. That's fine. Okay, now let's get into the pulse lines,
20:41whether we're getting set up to go long or short. You can turn those on or off
20:48through the true false feature. So I will leave them to true. We want to see them.
20:54They are set as a dotted line with a minimum one thickness. So it's not overbearing on your
21:01chart visually. You can fatten up the line, make it a solid line, all trader adjustable.
21:09We have the pulse up a green color and the pulse down a red color. So you can adjust colors.
21:19So right now we have everything back to the normal settings, default settings, pulse up line,
21:27pulse down line. You can turn the line on and off. Again, what we're doing with this system is we're
21:37looking for momentum. And when we see momentum shifting from downside to upside momentum,
21:45we're then getting ready to target trades.