MetaStock

Great Product and Platform

Very simple and easy platform to use. Love their charts . It's also free, all you have to pay for is data.

Trust Score

2.4

User’s Review Ratings

Overall

GOOD but.....

i used to use metastock a lot ... i just recently tried them out again.. and its the same shit as it was 6 years. ago.. are they ever gonna grow up and get with the modern day technologies? Wish they would. I suggest they should!

Trust Score

4.4

User’s Review Ratings

Overall

Using MS11 feels like I'm stuck in 1995

I say 1995 because I think that was when the gross majority of the code was written for this, even those it's version 11 from a year or so ago.

You can't even do a simple task like creating a watch list, without creating these virtual folders and putting securities into them. The files containing these virtual folders continuously become corrupt and have to be replaced, thus losing all your data.

Every time you call them with a problem they tell you delete the mssmart files, but they fail to mention that doing that eliminates EVERY bit of data you've put on a chart - trend lines, support/resistance lines, text, etc.

And it seems that this is a solution for many of the hundreds of bugs, but not all, and either way who wants to lose ALL YOUR WORK everytime the thing craps out on you.

Dozens of cryptic error messages, clunky 90's architecture, and a near-comatose support staff make this a bomb.

Trust Score

1.0

User’s Review Ratings

Overall

Dependable for longer term traders & active investors...

I have been using Metastock (EOD) for around 10 years now and find it invaluable for identifying and analyzing long-term trends in various stocks and sectors. I have Dow Jones Industrial daily data going back to 1897 which I have used many times to test different trading systems over a hundred plus years. The Metastock formula language is relatively easy to learn and use to build indicators, experts, explorations and backtests. Also available are some very good plug ins by such giants in the business as John Bollinger, John Murphy and Martin Pring (I love his weekly and monthly historic data disk)...

Pros: Lots of useful trading systems, indicators and strategies.

Cons: Need to regularly delete delisted securities as they slow down the data download updates.

Trust Score

3.4

User’s Review Ratings

Overall

Good but Old

Meta Stock offers alot of searches and systems tests along with a bilgillion indicators. They also have an expert advisor for technicals that you can put onto a chart for trade entries and exits. For the End of Day version it is a good value. They offer add on plug in's too from various vendors that enhance your trading experiences if you happen to follow that particular Guru.

On the negative side it suffers from endless downloads that you have to do to get the data you want for your tests. I would love to see Meta Stock completely revamp this and put it into a server based application in the clouds. Their competion such as Worden is now outpacing them in that arena in TC 2000 and incorporating silverlight and server based technology.

The other thing is you have to be able to write and understand code to do custom indicators. Unlike others who now have drag and drop coding and overlays, with Meta Stock you are back in the DOS days where every comma and every period has to be just right.

As to support they offer a month of education and after that its 90 bucks a month. I would love to see them change their business model and have more sessions for beginner users on a monthly basis. Normally what they put out is to sell a plug in each month vs helping the user that just bought their program.

Their customer support and technical support I have found very good. They get back to you very timely. They also have an excellant forum too which is monitored by Equis-Metastock employees and they answer questions quickly. They outshine their competion in this area.

Overally for an End of Day with a system tester and trade advisor this is a good value. Just recognize the drawbacks.

Trust Score

2.0

User’s Review Ratings

Overall

Good for newbies!!!

I like trade ideas better than metastock ..I think this software is good for newbie traders who are looking for every possible tip that they can find either it helps then or destroys them( your choice).

Basic stuff stock screeners and definitions and stuff I won't recommend this but it can help some traders not for everyone though.

Trust Score

8.1

User’s Review Ratings

Overall

Pricey

Metastock is very pricey and I have heard mixed reviews.

Trust Score

3.7

User’s Review Ratings

Overall