Read the thread and manual- from page 64 of this thread: "Closed due to the 'spotdespot 2 bar filter'. -19 pips."fchaman wrote:Well, I had two trades:
Short audusd, the EA exited the trade at -21pips (without waiting for SL)....I found that exit rather strange(see the attached).
Long usdcad...hanging to this one!
My broker is FXCM.
Your trade opened at close of 00:00 bar. Next two bars were against the trade so position closed. That was according to plan. With the stack MA settings on it takes few trades but they have a higher probability of taking off smoothly with no retracement. This filter is designed to close the trade on a sign of weakness. ( not always right but often enough)
As I understand BASA is designed to be conservative. It preserves capital and only takes good clean trades. It is meant to be a low frequency trader. The expected result from the programmed trade plan (gleaned from the thread and manual) are: occasional small losses like this one, occasional larger 100 pip losses (because they can't be completely avoided) like we had earlier this week, a few trades that close half and breakeven to partly offset the small losses ( I had one of those today) and infrequent but massive 300 pip 4 stacked trade winners. Probably less than 1 in 10 will be the big winners and they come in baskets of winners when the markets take off and run as they will eventually. It is designed to be a "wise old winning traders " EA not a gambling addicts "got to have a winning trade fix every day" EA. Will it generate 80% a year- perhaps. Will it generate a smooth 5% a month - probably not. But I think it will win in the long run and those who learn to run it conservatively and accept the results will be pleased
Since the latest version came out we have been seeing how BASA deals with adverse markets more than anything else. The bot seems to be following the intended plan without bugs it appears to be a stable release so far- a good sign.
- still around 300 pips in the week.
