Registered: Jul 2012
Posts: 1

Hey guys.

I'm curious how many of you use Metastock?

Answer the poll and let's find out

Registered: Nov 2006
Posts: 304

Last time I used it was version 8 around 2005.

MetaStock has not aged well. It is quickly outgrown because of its limitations.

Registered: Jan 2002
Posts: 1943

Same here; the last time I used it was version 8 and it was dreadful. Layouts were set in stone (couldn't change chart parameters on the fly etc)

I see they're up to v11 but at 1700 bucks to piggyback off eSignal (also a charting package) is insanity, or be married to their own data source at even higher expense.

There are far better ways to spend money than Meta, which also can be used with more sources of data.

Registered: Feb 2008
Posts: 2962

For several years up to maybe version 8, metastock was generating wrong backtesting results. For example it would not correctly open a long position at the open of next day (bar) if another long position was closed on current day (bar). That impacted the results for swing/postion trading systems but also of some trend-following systems that exited a position due to a price swing but then were supposed to open it again. A couple of years ago a paper was posted here on ET that detailed those problems but I cannot find it now. Maybe someone has saved it and can repost it. To conclude, I would not trust this product althouth I always liked the graphics quality. There are better solutions for a fraction of the cost like Amibroker, for example. This product has minor backtesting issues but ofefr portfolio backtest and some other nice features, like WFO (not that I use it of course).

Registered: Aug 2003
Posts: 3017

I've only ever used it for charting which I still do, but less so since I've now come to
rely on MetaTrader 4 , plus there's a fee to pay for realtime data in MS unlike MT
MS's chart image is very good, better than MT's, but that's it
for order entry - futures - I use NinjaTrader which is 'free' and MT for analysis

Registered: Jun 2008
Posts: 60

Metastock is a dodo.

Rumors suggest that they will be restricting their data to only a Reuters feed come Metastock v12.

This will be nail in the coffin for Equis.

I remember when Equis tried to push Metastock v10 with the "RMO Trading System" by Rahul Mohindar. It apparently had taken the "world by storm". Yet everybody who tried backtesting it said it simply took their account size by storm. This seemed to be the modus operandi of Equis from v9 to v11.

Check out Amibroker as a cheaper and more functional alternative.

Advantage Futures

Futures Brokerage & Clearing

AMP Global Clearing

Futures and FX Trading

Bright Trading

Professional Equities Trading

CTS

Futures Trading Software

DaytradingBias.com

Professional Trading Analytics

ECHOtrade

Professional Trading Firm

eSignal

Trading Software Provider

FXCM

Forex Trading Services

Global Futures

Futures, Options & FX Trading

Interactive Brokers

Pro Gateway to World Markets

JC Trading Group

Direct Access Trading

MB Trading

Direct Access Trading

MultiCharts

Trading Software Provider

NinjaTrader

Trading Software Provider

OANDA

Currency Trading

optionshouse

Option Trading & Education

Rithmic

Futures Trade Execution Platform

SpeedTrader

Direct Access Trading

SpreadProfessor

Spread Trading Instruction

thinkorswim by TD Ameritrade

Direct Access Trading

TradersStudio

System Building & Backtesting

Trading Technologies

Trading Software Provider

Trend Following

Trading Systems Provider