How to Trade With Strike System - MT4

& MT5

Overview

This guide will highlight all the important steps you need to trade with the Strike Trader Elite
Trading System for Meta Trader 4 and Meta Trader 5. To learn about the Tradingview version
we also offer a separate video guide for that. The system was designed to trade quick surges of
momentum with certain currency pairs. It also can be used with Stocks, Options, and
Cryptocurrency. Our entry criteria uses a combination of many indicators and custom settings
which makes Strike Trader Elite unique and stand out from any other standard custom indicator
in the market today. Strike Trader Elite offers many trading alerts both to your mobile phone
and your trading platform. It has been developed to work on Meta Trader 4, Meta Trader 5, and
Tradingview. Below you will find how you can trade with strike.

A few things to note...

Strike Trader Elite is a trading SYSTEM not an Expert Advison (Robot) You still need to take the
trade. Strike Trader Elite will handle everything for you like finding the signal, show you where to
place your stop loss, and where to place your take profit.

You can trade this system at a near 70% win rate. there are times where this may not be the
case. This 70% win rate could be a result of you using strike trader elite signals AND using price
action trading skills. Ever trader is different and will get different results. That being said, lets
take a look at the strategy!

STEP 1: Install Indicator on Trading Platform

This is a obvious step, but is need to get Strike Trader Elite Trading System to run on your
platform..

STEP 2: Add Indicator Template to Chart (recommended)

This is when all the magic happens. Attach Strike Trader Elite to your chart by dragging over the
indicators and adding them manually or simply adding one of our templates!
So here is the Strike template:

Let’s use this for our example moving forward since these are the setting we recommend you to
use.

Once Strike Trader Elite Pulse, Strike Trader Elite Push, Strike Trader Elite Scanner, and Strike
Trader Elite Signals are all added to your chart you are now set to search for trades!
STEP 3: Find a Trade

Since the scanner is attached you should be able to see immediately if there are any trades
active based on the strike trader elite trading strategy that is taught to you in the members area.

In this example let’s take a look at that USJPY M15 Trade. Please note that all the pairs you see
on this dashboard are ALL the recommended pairs and time frame you should look at first when
trading with Strike Trader Elite. In the settings of the scanner you can also adjust it to show all
pairs in the market watch if you wish:

But for our example, let us stick to defaults.

As you can see above, the arrows show you what signal is now, and where the trade is at in its
current state.

You can even hover over a pair that has a UP or DOWN arrow and see something like this:
Using this example let’s click on this USDJPY trade and move over to that chart

Now we are here once you click “chart”

Perfect!
**NOTE Meta trader 4 has limits and the chart does not print on click. Please use MT5 if you
would like to use that feature.

STEP 4: Preview Trade and Make Your Decision

Once you are here and see the Long yellow line, this is your BUY stop or SELL limit entry area.
Now a few things to caution here. Do not just add your trade just yet. Look at previous Swing
high’s, support or resistance levels, triangle formations, pin bars, head and shoulders, signals
before you move forward.

If you are unaware what any those things are do a quick google search or go to our blog and do
a search https://tradingstrategyguides.com/blog/ we have an article for just about any price
action signal there is.

Using our example, here is what we drew on the chart:

It looks like there is a nice resistance zone around where our recommended TP target is. It also
looks like price is bouncing off this trendline. To us, once price hits the yellow line, you are good
to take a BUY trade based on what the indicator is showing.

STEP 5: Add your Buy Stop / Sell Limit

Now all you need to do is add a Buy Stop or Sell Limit order!

To do this, simply hit F9 or right click on the chart and go to Trading/New Order:

The Take profit, Stop Loss, and entry are all written out for you on the chart here:

Simply add these into your order and click PLACE

Now you are all set!

All you need to do is make sure your entry hits. If the signal changes for any reason then you
should close the trade immediately. This does happen from time to time so you should keep an
eye on your trades if you are entering trades using this method.

Additionally, you can enter trades that have ALREADY triggered. Especially if it just triggered on
entry. This is usually rare but in some cases you can enter.

For example:
Here is something you could consider getting in on this SELL trade immediately. You see that
the trade is already triggered so you could go ahead enter.

You may notice that the yellow line changed to a blue line. If you see BLUE that means that the
trade has triggered.

STEP 6: When to Close the Trade?

So you may be wondering when to close your trade? Well, you can close it at any time it is in
profit, but you mainly want to close it when it at least hits TP 1.

When price hits the first TP you have a few options. Close everything down and call it a day, or
you can push your winners and trail your SL.

Here is what that would look like:

As you can see in this example, if you would have trailed you SL when TP1 is hit, you would
have got ½ the trade since it would have came back and hit the Moved SL.

Many traders are satisfied with closing all trades when TP1 target is reached. This is a
great way to trade with strike and is what we recommend to beginners using our system!

Conclusion

It’s a momentum-based strategy that relies on statistics.

Good for small time frame trading (5-15 minute) in order to rely on short-term momentum.

Higher time frames trades will require bigger settings (ATR) and price will need to cross more
distance. That’s where more analysis is better.

Signal Refinement Options:

Include horizontal s/r levels and trend lines to filter out signals
Identify price direction with the stronger momentum on higher timeframe and decide to
only trade signals in that direction

Session Timing: use Strike roughly from 2 hours before London open until end of NY
session/ Also good to conclude individual trades before transition of session, i.e.
pre-London to London open, London to NY Open)

Focus on pairs you personally like and pairs that move fast

Avoid signals during important news events

Use Strike Signals Indicator to back-test different settings until you feel comfortable.

For lower time frames like M5 and M15 you can adjust to the following in the settings of
the indicator. (THESE ARE DEFAULTS)

For higher time frames like H4 and D1 you can adjust to the following in the settings of
the indicator

*************

Recommended Pairs to start with

Here are the FX pairs to trade with the system regardless if a trader is scalping or swing
trading.

1) GBPAUD
2) GBPJPY
3) GBPCAD
3) EURAUD
4) GBPCHF
5) EURJPY
6) GBPUSD
7) USDJPY
8) USDCAD

Don’t forget to joint the strike Telegram group to get the latest alerts!