The images below shows my progression.
During the tutorial it states that doing the C++ is not necessary and the HUD "should" still work, unfortunately for me it doesn't. So after editing all the text to dynamic, you save then export the file, then create the Mods folder within the Crysis directory, rename the file to .gfx. You then now have to find the sdk file, in which after doing some research I found out that you need to download a program called Mod SDK, installing this program failed on me.
Above: The error when trying to install MOD SDK
But if you do happen to get it working and open up the SDK file, you then can go through find and edit the C++ as shown in the pictures in the tutorial. I'm still not quite sure on how to launch the MOD, the picture belows shows an external program used to quickly launch the mod, it could be MOD SDK. Anyhow the flash file should be saved into the directory Crysis/Mods/MyMod/Game/Libs/UI