In the example above our trend trader system has triggered a sell based on a break of our dynamic proprietary support. We have a number o trailing stop and take profit filters within the GMT V2 Trend Trader System. The trade example here has a trailing stop using our TP trailing stop netting out for a nice profit on the session.
Here is another example of the versatility of the V2 Trend Trader Elite. Here we see the Trend Trader Elite taking a buy entry on the EURUSD using Renko charts. The strategy works exceptionally well with Renko charts as they do a fantastic job of clearing up price action and removing much of the noise we see in the FX markets.
Here is another great example of the GMTV2 Trend Trader. This time our setup is long on Crude Oil trading a 233 tick chart. We have two additional filters in play during this setup and entry. They are the GMT Chop Indicator and our GMT MACD B. Both indicators are used within our strategy to assist in defining a market that is Trending with momentum.
Two setups occur on our 233 tick chart in this example first we are long then transition nicely into a short setup. Both confirmed by our momentum filters which keep us out of the short term reversal setups.