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

I have been using this method for a little while and it has proved very userful to me.

I use it as an early warning of a possible upcoming trade. Once I get a warning about a possible trade,I wait to have it confirmed usually by 2 of the 3 other systems which I use. I miss fewer entries this way, instead of chronically getting into trades late.

Would like to relive a system which by far to my belief is the simplest and most effective. Perfect for counter trends and trend trading.

As part of my contribution to improve this system, trend re-entries

Long Entry :
- Wait for RSI >= 70 as an indication of a bullish trend
- Entry using fibs & RSI resistance mainly at 60 and 50.
- On strong uptrends RSI might just drop a little below 70<65 and rise again, a rise above 70 is also a trade trigger to go long. Cheers.

Do the exact reverse for shorts.

One of the improvements that i have made is to add the fibs.

I will look to short every divergence...like is shown in the chart below. But if the divergence is against the underlying trend, i will look for rsi rise above 50 for re-entry, the fibs also provide some SR levels.

Great contribution! I am very happy that this system is helping some of you guys.

Regards from Paraguay

Alfredo

It's good too see you again in the threads, where have you been for so long?

It would be nice if you would contribute to some of the BELLA trading strategy once again.

Give me a ring when you do.

Ken

Hi Nuna,

would like to thank you again. You system has helped me much in my trading. Gives me the confidence to enter short term scalps. GBPUSD(weekly) will likely give a BELLA signal and the end of this week.

I notice that for Cable the hourly does not work as well as the daily or the weekly...most divergences in weekly are very powerful for almost any pair...for that im getting ready to sell Cable,

regards
jest

I really thank you guys for relive this system. I think many people can benefit from it. I don´t know why people like to complicate. This is a very simple system, easy to use. Doesn´t give us many signals, but when it does, they are very accurate.

I am very happy that at least one or two guys can benefit from bella system.

I usually use SR lines with this system and of course fib lines, that gives me levels to watch.

Let me know how your trades go....

Regards from the heart of South America

Alfredo

Bella System is simple. Let us not make it confusing by suggesting improvements.

nice system... if you add ema crossover signal from trend follower created by the wicker seems it's gonna be much more simple and easy. don't forget to change the setting...

Pleasesee the attachment.
I have two lines displayed in my Stochastic chart (Bold, Green line = Main and red, dotted line = signal). All the charts posted in this site have only one line in stochastic. Am I supposed to use a different indicator or black out the signal (dotted) line in my chart?
Thanks for the help.
-Chan

I'm sure you use the standard MT4 stochastic and black out the line you don't want. There would be no reason to use a special indicator.

simple and great strategy. Thanks for sharing!

Thank you.
Now, regarding the Bella System. How is doing for you? I have just installed in a demo account. If you have good performace recently, it is good to hear so. It gives confidnce for me. Just your honest opinion please.
Thanks again
-Chan

Please see attachment.
Order #3280800 exited with 28 pips loss.
Can anyone tell me where did the system oick up that 28 pips SL?
Thanks.
-Vivek

I don't trade it. I was just trying to answer your question about the stochastic.

I have traded a stochastic divergence system for some time and I did want to make a recommendation on improving this great system! Many, many times (most of the time) when there is a crossover on the moving averages you will see a retest of them within a candle or two after the crossover. It is not a bad idea to wait for the retest to get in so that your stops may be tighter and you get a better entry price. You may miss some trades like this so another idea is to get in initially with half a position and then the other half get in if it hits the moving average for a retest! Also, I noticed people were mentioning the GBP/USD pair for this strategy and I HIGHLY RECOMMEND STAYING AWAY FROM ANY GBP PAIRS FOR THIS STRATEGY BECAUSE OF THE NATURE OF THAT CURRENCY AND THE WAY IT TRADES. You will save yourself many times over by doing so. Trust me, I know. Good Luck and God bless!

I've been demoing this on my demo account using a 3 minute time frame (only using stochastics not RSI) and the results have been stellar. 12 pip stop loss and 30 pip take profit (subjective to price action) with 75% winners. 127 pips in the last 12 hours with 7 winners and 2 losers. That's a $2500 gain in 12 hours on a $10,000 account @ 2.5% risk per trade. This works if you will work with it! I will note the divergences with the trend are especially profitable. Remember, only take the A trades! 100 pips a day is not necessary....at this rate $10k will be a million in ONE month. Ridiculous. Good Luck! I will also note that this is NOT to be used if the market is in a TIGHT sideways movement, which is popular during the asian session. Depending on market volatility you may need to loosen your stops and increase your gains or vice versa. Take a look at this morning for example, I had a trade with EUR/CAD that was moving about 20 pips per candle! This would definately require a stop loss of 20 pips! Also, a word of encouragement: While I only bagged 127 pips, if you would have let them run a little more you could have easily bagged 200+ because MANY of these run well past 30; Im not a greedy trader and 2:1 or 3:1 risk/reward is fine with me! I do have a few other minor rules I follow with entry and exit that help me that I have not mentioned here. I will continue to demo this and tell you what I come up with

How are you guys doing around here?

Hey Nuna, good to see you around here once again.
Doing great here, how about you?
Get this thread started up again!