Oh and one last thing:

You COULD simply trail your stop at the high or the low of the preceding bar once in the trade and once you're showing a profit. Of course: you stand a chance of missing a trend but there is indeed a 'school of thought' that says to never let a winner turn into a loser. So if you're into trying to catch just a few pips or whatever then maybe this method would suit you better i.e. a close on either side of the 'Balance Line' is pretty reliable amd most times price will continue to move away from the 'Balance Line' at least for a few bars before a retracement.

You could also NOT trail ANY stops i.e. wait for a close on the other side of the 'Balance Line' in order to take your profits but this of course COULD mean that your profits dissapear if there is a huge move in price against you. This does happen frequently on the shorter timeframes so just take this into account.

For interest sake: the REAL 'Balance Line System' dictates that you wait for a second (BAR 2) to make a lower high and a lower low than the previous bar (BAR 1) and then you place an order to buy at the high of BAR 1 if price is above the 'Balance Line' (and visa versa for a short trade). But it gets a bit more complicated than this though unfortuanately.

Regards,

Dale.