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  1. #1
    Administrator Martin Kay's Avatar

    Simple Balanced System – Will it increase my account balance?? !!!

    great startegy for advanced traders, check it out!

    Originally posted by Bogdan G. Click here for the full startegy review.

    Never trust anyone when it comes to your hard earned money! This being said, open up a Meta Trader 4 platform and back test the system. Then back test it some more. When you are comfortable using it + get satisfactory results, start placing trades on your preferred Binary platform when all the conditions are met on the Meta Trader 4 platform, but using less money than you usually do. When you see the system working and feel good about it, start using your normal trading amounts. Overall the Simple Balanced System” is a good one in my opinion and can bring profits but much discipline is needed from the trader as he/she must always wait for all the three conditions. Good luck if you need it.

  2. #2
    Veteran Member Ammeo's Avatar
    These r always the basics.....i personally dont backtest much though cause i always look forward..

  3. #3
    Master Member Bogdan G's Avatar
    Quote Originally Posted by Ammeo View Post
    These r always the basics.....i personally dont backtest much though cause i always look forward..
    To see the road ahead, you must see the past and learn from it. If you don't back test and that works for you, keep doing it. However, i will never invest 1 cent in a strategy that is not back tested.

  4. #4
    Legendry Member Michael Hodges's Avatar
    Quote Originally Posted by Bogdan G View Post
    To see the road ahead, you must see the past and learn from it. If you don't back test and that works for you, keep doing it. However, i will never invest 1 cent in a strategy that is not back tested.
    Back testing has it's pros and cons. No system or strategy works all the time so relying solely on "back tested data" is a bad idea. Plus, one of the fundamental beliefs of technical analysis is that the markets will change and adjust, discounting any previous strategies. It is better, in my opinion, to become familiar with a couple of different strategies and indicators, study your charts and analsysis and make trades based on current conditions. I always use three different time frames and get signals from all three.

    The Simple Balanced System is a good strategy but not one that I think I will be using.

  5. #5
    Master Member Bogdan G's Avatar
    You are right Michael and I didn't want to imply that backtesting is all you need; it's just a stage. I think I stated in a previous post that I go through several stages with a strategy: backtest - forward test (demo) - forward test (real money but very small amounts) - trade live (normal amounts)

  6. #6
    Specialist Member RCox's Avatar
    Quote Originally Posted by Ammeo View Post
    These r always the basics.....i personally dont backtest much though cause i always look forward..
    I have had this debate with many traders. I agree with this idea that backtesting is only marginally useful the market conditions of the moment dictate how trades will unfold. There is simply no way of using backtesting to understand the market conditions of the time.

  7. #7
    Master Member vinayakm's Avatar

    !!!

    Quote Originally Posted by Bogdan G View Post
    You are right Michael and I didn't want to imply that backtesting is all you need; it's just a stage. I think I stated in a previous post that I go through several stages with a strategy: backtest - forward test (demo) - forward test (real money but very small amounts) - trade live (normal amounts)
    Yup. I agree with Michael and also with Bogdan about the importance of backtesting and at the same time its drawbacks. As for the simple balanced system, it sounds rather complex even though it has the word 'simple' in it.
    Definitely is going to take some time for me to grasp it even though it looks fairly comprehensive and legit when having a few reads of it. Nonetheless, I think it will increase my account balance!

  8. #8
    Rookie Member
    O.K., I know what EMA stands for, but what I am not understanding is what the actual #'s (10, 25, 50) represent? Same goes for Stochastic (14, 3, 3,)?

    Also, Other than a couple different indicators (Stochastic and RSI), are there many other difference between the Fast Moving Averages Crossover, and the Simply Balance System?

    Thanks!

  9. #9
    Master Member SeasaltMcFish's Avatar
    When I test a system, I first make the rules and only then start backtesting. It still carries the risk of changing market conditions, but it comes as close to real trades as possible.

  10. #10
    Legendry Member willyw's Avatar
    Most traders use backtesting to test strategies and if it works they will apply to live trading. I backtest strategy not only to test if the works but to spot any weakness in the strategy and can it be fine tuned for better improvement. As Micheal says market will change and adjust so we cannot keep using the same EA or strategy. We must have a few to swtich if market conditions changes.

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