US Stock EOD: Metastock or TC2000?

This is a discussion on US Stock EOD: Metastock or TC2000? within the Trading Software forums, part of the Commercial category; Hi, I need a US stock EOD software and am considering which one to go for, Metastock or TC2000. I ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Aug 6, 2003, 11:24pm   #1
 
clylbw's Avatar
Joined Jun 2003
Question US Stock EOD: Metastock or TC2000?

Hi,

I need a US stock EOD software and am considering which one to go for, Metastock or TC2000.

I am more impressed by Metastock, but the monthly subscription fee of $59.00 seems a bit expensive, although the price includes data feed.

TC2000 requires only $29.75 per monthly, but I am not sure whether this includes both the software and the data feed. Moreover, I seem to have heard there is some problem with TC2000. Is it true?

If you have experience with either or both, can you please tell me about you opinions about either or both of them? What do you think are their pros & cons?

Thanks a lot indeed.
clylbw is offline   Reply With Quote
Old Aug 6, 2003, 11:50pm   #2
The Staff are paid members that perform various roles such as editorial, advertising, support or technical work.
 
Trader333's Avatar
Joined Jan 2003
$29.95 includes the data feed for TC2000 but this is not a truely realtime product although it is very good for scanning requirements.


Paul
Trader333 is offline   Reply With Quote
Old Aug 6, 2003, 11:55pm   #3
 
FTSE Beater's Avatar
Joined Feb 2002
Hi clylbw

It depends what your looking for. Metastock is a lot more programmable for detailed scans, but on the downside it takes quite a while to flick from one stock to the next

TC2000 is less programmable (but fine for what I needed), but you can flick through the charts a lot quicker, but the trendlines leave a lot to be desired
As Trader333 has said the $30 for TC2000 does include the datafeed, and a delayed feed of 20 minutes

My personal choice would be TC2000 - cheaper and easy chart flicking

HTH - If not then Skim is the best person to ask. Sorry for dropping you in it Skim
FTSE Beater is offline   Reply With Quote
Old Aug 13, 2003, 11:25am   #4
 
rearadmiral's Avatar
 
3 Posts
Joined Aug 2003
If U're happy 2 buy Metastock, Y not go 4 both & use TC's datafeed. (TC software is free, U onlpy pay 4 the data). That way U'll pay $29.75 4 the data, not $59 & U get fundies scanning with TC & TA scanning with MS. Once set up, it's quite easy 2 transfer TC's data into MS using the Downloader that comes with MS. I've been doing this for 2 years now with minimal problems.
__________________
Hard work never killed anybody, but why take a chance?
rearadmiral is offline   Reply With Quote
Old Aug 13, 2003, 11:53am   #5
 
zambuck's Avatar
Joined Jan 2003
Quote:
Originally posted by FTSE Beater
Hi clylbw

..........but on the downside it takes quite a while to flick from one stock to the next
FTSE Beater

Have you used Layouts in MS?..You create a Layout with all the indicators you want to see and once the chart is open just type the epic or name and the chart will change...that takes care of 'flicking' on a 2 Ghz machine it is like lightening..

All layouts can be given an icon for quick use...

But if one runs explorations (which takes few mins for 80 odd explorations) then save the selected few as favourites...for flicking

Also if one uses scroll wheel mouse then flicking is a doddle...

MS is a copmplex package and one needs to know all aspects to use it properly...

My two bit worth....
__________________
zambuck

The most futile and disastrous day seems well spent when it is reviewed through the blue, fragrant smoke of a Havana Cigar.
Evelyn Waugh.
zambuck is offline   Reply With Quote
Old Aug 13, 2003, 12:37pm   #6
 
7 Posts
Joined Sep 2002
Hi,

You can also choose ensignsoftware for $39.95.
you can download during anytime during the day which is up to the minute.
You can also view eminis also.
They even have there own chatroom and have lessons on the program every wednesday.

thx
salmacis is offline   Reply With Quote
Old Aug 13, 2003, 3:46pm   #7
 
FTSE Beater's Avatar
Joined Feb 2002
Hi Zambuck

I haven't used it myself - I've only be shown it and it seemed slow. If they have improved this, then it is a giant leap in the right direction. Good on you Metastock
FTSE Beater is offline   Reply With Quote
Old Aug 13, 2003, 9:58pm   #8
 
Skimbleshanks's Avatar
Joined Nov 2000
My take has already been said by RearAdmiral - buy Metastock EOD, and subscribe to TC2000. Then you can use TC2000 for some scanning and also export the data into Metastock for further scanning and tweaking.

TC2000 is EOD, although you can update your data at any time throughout the day and it will be correct up to 20 minutes previously. This makes it very good if you are looking for certain patterns and place your buy/sell orders in the last half hour of trading.

That would sort you out for US.

If you want to do the similar sort of thing for UK, then subscribe to ShareScope at £11.75 per month for data, and again export this into Metastock.

By doing it like this you can really get to grips with Metastock and learn it inside out and back to front, and use it for UK and US.
Skimbleshanks is offline   Reply With Quote
Old Dec 6, 2004, 11:32pm   #9
Joined Nov 2003
metastock everytime
henry766 is offline   Reply With Quote
Old Dec 7, 2004, 12:33pm   #10
Joined Sep 2004
Amibroker

Having bought both Metstock EOD and Amibroker ( using Paritech's US and UK EOD feeds supplied in Metastock format) I find that I use Amibroker exclusively. It is very quick to flick through Metastock format data (much quicker than Metastock itself) and the program itself keeps on surprising me how flexible, quick and reliable it is. Its only slight weak spot is chart printing and this is the only time I use Metastock . I did take the TC2000 trial, however I found I needed to read the help files to do the simplest things whereas I picked up both Metastock and Amibroker quickly without recourse to such arcane activities. Amibroker supports many data feeds including another great bit of software Quotetracker which is worth checking out.

All the best

Chris
chris_ri is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Why does data differ? EOD ashwoka Trading Software 3 May 20, 2007 12:56pm
MetaStock Unused Stock Delete MH51 Trading Software 0 Feb 19, 2006 8:46pm
EPIC codes instead of Stock Names in Metastock Chorlton Trading Software 0 May 31, 2005 5:37pm
TC2000 Problem !! numspar Trading Software 1 Nov 13, 2004 9:24pm
TC2000 Companion RogerM Discretionary Trading 3 May 10, 2003 9:11pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)