Mabiuts???

[lyrklaunavan]

Hi,

I wanna aska question regarding MABİUTS system. I tried to use it 2 days ago on a stock which gave "BUY" signal and the next day I bought the stock.
After two days I am looking at the same chart but I can not see the BUY signal it gave two days before. It is disappeared. Do you know what happened? I am shocked. I lost 4 percent in two days. Please reply. Am I missing something?

 

[whyLately]

Hi,

I wanna aska question regarding MABİUTS system. I tried to use it 2 days ago on a stock which gave "BUY" signal and the next day I bought the stock.
After two days I am looking at the same chart but I can not see the BUY signal it gave two days before. It is disappeared. Do you know what happened? I am shocked. I lost 4 percent in two days. Please reply. Am I missing something?

This afl uses the Peak function, as in:

Buy = EMA(C, 13) > EMA(EMA(C, 13), 9) AND  Cross(C, Peak(C, 5, 1));

The Peak function in turn uses the Zig function (Zig Zag indicator) that may cause previous signals to vanish. Many discussions in this forum e.g. Peak, Trough & Zig

 

[karthikmarar]

I don't see any chance of the signal disappearing. Agreed that the formula uses peak function. But the formula compares with the previous peak and not the current peak being formed. There is no way that the previous peak is repainted..
On a intraday charts the signal can appear and disappear till the particular bar is complete as the formula is based on close.

Can you tell me which are the stocks so that I can check it..

 

[TraderInTheZONE]

I don't see any chance of the signal disappearing. Agreed that the formula uses peak function. But the formula compares with the previous peak and not the current peak being formed. There is no way that the previous peak is repainted..
On a intraday charts the signal can appear and disappear till the particular bar is complete as the formula is based on close.

Can you tell me which are the stocks so that I can check it..

No Sir!!
The signal indeed disappears if the peak was not final. I am talking about EOD charts only.
Thats why the backtested result cannot be trusted. You will have to do manual backtesting by using 'Bar Replay' of AmiBroker!!

 

[lyrklaunavan]

I don't see any chance of the signal disappearing. Agreed that the formula uses peak function. But the formula compares with the previous peak and not the current peak being formed. There is no way that the previous peak is repainted..
On a intraday charts the signal can appear and disappear till the particular bar is complete as the formula is based on close.

Can you tell me which are the stocks so that I can check it..

Dear Karthik I am a foreigner.(Denmark) I use Metastock and use the End of Day data. I am sure that the signal disappeared. I am hesitating to use it now. Any other useful system that you can advise me kindly ?

 

[whyLately]

Can you tell me which are the stocks so that I can check it..

Here is one I could spot using replay...
Using daily timeframe, on 06/10/2009, BankBaroda gave a [email protected]. This disappears on 06/15/2009.

 

[karthikmarar]

Hi

Very strange. I don't get any BUY signal on the 10th June. I am getting a buy signal on the 9th April @ 257 and then a SELL signal on the 6th of July @ 406.

I am enclosing the afl which I used, Please check with this...

 

[whyLately]

Very strange. I don't get any BUY signal on the 10th June. I am getting a buy signal on the 9th April @ 257 and then a SELL signal on the 6th of July @ 406.

I am enclosing the afl which I used, Please check with this...

Hello Karthik,

The afl that you attached differs from the one I have in two places. The first is the change value used in the Peak on the Buy line:

Buy=EMA(C,13)>EMA(EMA(C,13),9) AND  Cross (C,Peak(C,5,1));
Buy=EMA(C,13)>EMA(EMA(C,13),9) AND  Cross (C,Peak(C,2,1));

The second diff is the presence of the ExRem on the Buy/Sell. Thought that these were add signals. With the ExRem, it matches your graph.

If you comment out the ExRem, BankBaroda shows vanishing signals near the dates mentioned.

Thanks for looking into this.

 

[Makarand108]

Hi Friends,
just a first post. Going thru various things before get into any active trade. Am in the phase of forming strategies, backtesting manually, coming to some great conclusion which is bursted out every second day. So still confused. Anyways, today I came across MABIUTS, whats this? Any abbrevations or its a strategy or what's it? I saw even Anant's reply that he too is using this strategy. Please introduce this to me.....

 

[johnnypareek]

Hi,

I wanna aska question regarding MABİUTS system. I tried to use it 2 days ago on a stock which gave "BUY" signal and the next day I bought the stock.
After two days I am looking at the same chart but I can not see the BUY signal it gave two days before. It is disappeared. Do you know what happened? I am shocked. I lost 4 percent in two days. Please reply. Am I missing something?

This is what call Future looking AFL. I have alerted time to time for these kinda indicator.

From now do one thing, open afl in formula editor, there click on "tools" then "code check & profile", if there is written "It seems that the formula does not reference future quotes." then use that afl, else there will be written "It seems that the formula references FUTURE quotes.
If you backtest this system you may receive outstanding results
that CAN NOT be reproduced in real trading." don't trade this kinda indicators.

johnny