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BELLA SYSTEM. Let's try it, let's improve it!

  • #1
  • First Post: Sep 12, 2006 4:37pm Sep 12, 2006 4:37pm
Hi everybody. Firstable I want to say thank you to Sidus, Bagovino and Vegas for the wonderful systems and opinions in this forum. Second, I would like to share my System with you, that is called the BELLA SYSTEM. Somebody said to me once that simple methods work and complicated methods work too, so, why add so many indicators and complicate your life? I would like to hear your opinions about this system, and maybe we can improve it or combine it with the other methods.

1. Open a 30 min chart EUR/USD. Insert RSI (14), Stochastic Oscillator (14,3,3) and EMAS 5 and 13.

2. We have to watch for a divergence between the price and the RSI or the Stochastic. This is very important, because sometimes we donīt see a divergence between the price and the RSI, but the Stochastic show divergence compare to the price, and viceversa.

3. Once we saw the divergence we have to wait for the cross of the EMAS to go long or short.

4. I prefer to open the position with 2 lots and close half the position with 20-30 pips of profit, and move my sl to breakeven with the other lot, in case that the market begin to trend, we can win more pips, and if the price begin to go against you, you keep the 20-30 of the other lot.

5. Always put sl of 20-25. This strategy presents like 10-12 oportunities in a month and it is 90 % accurate.

6. Avoid to use this strategy when is big news day.

7. In the 15 min chart I had some bad signals and in the one hour chart we enter late to the party of pips. This system can work for the GBP/USD too, but your stop have to be like 30-40 pips.

Regards to everybody and I hope to hear from you !!!
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  • #2
  • Sep 12, 2006 5:07pm Sep 12, 2006 5:07pm
Hi, welcome to our Forum... The first post, wow.

Just a couple of questions. have you got backtest data on this?
How long have you traded this method?
How does it handle a ranging Market?
Also, how did you determine the 90% success?


I personally like the idea of using divergence as a filter.
thanks much for sharing these ideas...
Thanks much, Scott
  • #3
  • Sep 12, 2006 5:17pm Sep 12, 2006 5:17pm
Quoting smjones
Hi, welcome to our Forum... The first post, wow.

Just a couple of questions. have you got backtest data on this?
How long have you traded this method?
How does it handle a ranging Market?
Also, how did you determine the 90% success?


I personally like the idea of using divergence as a filter.
thanks much for sharing these ideas...
Thanks much, Scott
Hey smjones !!
I been trading this method for a couple of months and it is been great. 20 trades, only 2 touched the sl (90 %). Normally in ranging markets, I didnīt have many signals,and when I did, closed both lots in 20 pips of profit. I would like for you to look at the charts at the last week of august, almost everyday gives us signals and profit. The hard part is not to trade when there are no signals. Actually I am trading the bagovino method when I donīt have divergence. I hope this help. Regards.
  • #4
  • Sep 12, 2006 5:26pm Sep 12, 2006 5:26pm
Hello Nuna,

Welcome to the forum and thanks for sharing your information, thats what this forum is all about..

One thing I would like to see on your charts is if you could mark the signals that you are getting.. i.e. how you are getting the convergence of the signals which trigger your trades.. For me a visual is much easier to understand and makes the narative stand out without confusion..

Just my thoughts and again welcome...

Shaimus
  • #5
  • Sep 12, 2006 5:35pm Sep 12, 2006 5:35pm
I will go back thru August this weekend and look... Thanks for the tip.

Call me Scott, smjones seems a bit stuffy.


Quoting nuna1976
Hey smjones !!
I been trading this method for a couple of months and it is been great. 20 trades, only 2 touched the sl (90 %). Normally in ranging markets, I didnīt have many signals,and when I did, closed both lots in 20 pips of profit. I would like for you to look at the charts at the last week of august, almost everyday gives us signals and profit. The hard part is not to trade when there are no signals. Actually I am trading the bagovino method when I donīt have divergence. I hope this help. Regards.
  • #6
  • Sep 12, 2006 6:07pm Sep 12, 2006 6:07pm
Quoting shaimus
Hello Nuna,

Welcome to the forum and thanks for sharing your information, thats what this forum is all about..

One thing I would like to see on your charts is if you could mark the signals that you are getting.. i.e. how you are getting the convergence of the signals which trigger your trades.. For me a visual is much easier to understand and makes the narative stand out without confusion..

Just my thoughts and again welcome...

Shaimus
Hey Shaimus !! I hope this chart helps.
Regards
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  • #7
  • Sep 12, 2006 7:17pm Sep 12, 2006 7:17pm
This looks pretty good. How do you exit trades?
  • #8
  • Sep 12, 2006 7:54pm Sep 12, 2006 7:54pm
I do not know how this would play out. Probably have to be tested. Have you thought of using a slope change in the 13 ema instead of a cross of the two emas, after the devergence is recorded? I wonder if you might get a better entry and also keep you out of some wipsaws...

And perhaps the slope change of the 5 ema to exit a trade...

I am of course not trying to change your method, I saw in the title of this thread that you are open to suggestions...

Scott
  • #9
  • Sep 13, 2006 8:21am Sep 13, 2006 8:21am
Quoting SisterCurare
This looks pretty good. How do you exit trades?
Basically, I look for support and resistances levels, but, like I said I like to close half the position around 20-30 pips and let one lot open if a short or long term begins. Another thing that I forgot to mention is that works much better with bearish divergences than bullish divergences. Regards.
  • #10
  • Sep 13, 2006 8:24am Sep 13, 2006 8:24am
Quoting smjones
I do not know how this would play out. Probably have to be tested. Have you thought of using a slope change in the 13 ema instead of a cross of the two emas, after the devergence is recorded? I wonder if you might get a better entry and also keep you out of some wipsaws...

And perhaps the slope change of the 5 ema to exit a trade...

I am of course not trying to change your method, I saw in the title of this thread that you are open to suggestions...

Scott
hey Scott, of course all opinions are welcome. We will have to test both and see how it goes from now. I hope everybody can test the method and the opinions keep coming. Regards. My name is Alfredo by the way.
  • #11
  • Sep 13, 2006 9:46pm Sep 13, 2006 9:46pm
Nuna,


Nice system I like using the divergence and the 30 min. charts. I'm going to look into this method.


Bagovino
"Skills pay the bill's!"
  • #12
  • Sep 13, 2006 10:56pm Sep 13, 2006 10:56pm
Quoting nuna1976
Another thing that I forgot to mention is that works much better with bearish divergences than bullish divergences.
Judging from last week it would certainly seem that way. But I think it will just depend on the overall sentiment of the market. Last week was undoubtedly bearish for the euro.
  • #13
  • Sep 15, 2006 4:34pm Sep 15, 2006 4:34pm
Great day for bella system. Notice the divergence in both indicators, which is a very strong signal, confirmed by the cross of EMAS.
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  • #14
  • Sep 15, 2006 4:47pm Sep 15, 2006 4:47pm
Hi nuna1976,

thanks for the wonderful post. Muddbuddah traded a very similar system for a little while in the past.

what pairs do you like to trade with it?

Best.
  • #15
  • Sep 15, 2006 4:52pm Sep 15, 2006 4:52pm
This looks good but do you have a AE for MetaTrader 4 I like to let them run and see how effective let me know
4XPIPDADDY
  • #16
  • Sep 15, 2006 4:54pm Sep 15, 2006 4:54pm
Quoting dunningduke
Hi nuna1976,

thanks for the wonderful post. Muddbuddah traded a very similar system for a little while in the past.

what pairs do you like to trade with it?

Best.
Hey, wonderful results on the EUR/USD. You can also try it with GBP/USD, but your SL shoul be around 30-40. Regards.
  • #17
  • Sep 15, 2006 5:01pm Sep 15, 2006 5:01pm
Quoting 4xpipdaddy
This looks good but do you have a AE for MetaTrader 4 I like to let them run and see how effective let me know
Unfortunatly I donīt code EAs, but I hope somebody could do it for us. Any volunteers?? That would be great. Regards.
  • #18
  • Sep 15, 2006 5:12pm Sep 15, 2006 5:12pm
hi there, thanks for posting system

do u wait for bar close on 30 min once u get cross?

thanks
  • #19
  • Sep 15, 2006 5:42pm Sep 15, 2006 5:42pm
Quoting stricko108
hi there, thanks for posting system

do u wait for bar close on 30 min once u get cross?

thanks
Hey, sometimes the bar when the emas cross is doing a really big move, I donīt wait for the close in this case. I also look at the angle of the cross, 45 degrees is a very strong signal, if the angle is less than that, maybe we have to wait a little more. Regards.
  • #20
  • Sep 18, 2006 3:01pm Sep 18, 2006 3:01pm
Very good day with bullish divergence for bella System.I opened long at 1.2650 and exited with 25 pips of profit, maybe you got more pips than I. Good trading to all of you.
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