How to Trade With Strike Trader EliteHow to Trade With Strike Trader Elite  

Trading System - MT4 & MT5Trading 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. 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, and Meta Trader 5. Below you will find how you can trade with strike.

Learn More about this System here: https://info.tradingstrategyguides.com/strike-trader-elite

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!

There are four unique templates; Strike Trader Elite - Large TF - dark - TP is based on ATR SL is based on ATR (2:1 RR)

Strike Trader Elite - Large TF - light - TP is based on ATR SL is based on ATR (2:1 RR) (Recommended for H1, H4, D1, W1)

Strike Trader Elite - Small TF - dark - 30 PIP Target 15 Pip Stop Loss (2:1 RR) Strike Trader Elite -Small TF - dark - 30 PIP Target 15 Pip Stop Loss (2:1 RR)

(Recommended for M1, M5, M15, M30) You may be wondering why there are 2 different TP and SL criteria for this strategy. The reason is that if you are on small time frame M1, M5, M15, M30 you would want to trade with the recommended hard stop and hard TP target. This is because if you were to place a 15 pip stop when you were on a H4 time frame the trade would not have room to move and you would most likely get stopped out immediately on many trades. To counter that, our team got together and figure out that using the ATR on this higher time frames would make the most sense and will show the best target areas for Swing or Day Traders looking to hold trades for many days at a time. So here is the Strike Trader Elite - Small TF - dark 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!

Learn More about this System here!! https://info.tradingstrategyguides.com/strike-trader-elite 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! 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 For any other questions we always get back in our Private Chat Room!

We hoped this helped!

Learn More about this System here!! https://info.tradingstrategyguides.com/strike-trader-elite