Day Trading & Forex Forum

2 of 2 members found the following review helpful:

10 years on
6/10
Yes I have been using Metastock for about 10 years now. I started with version 6, got 7 and didn't see much improvement and so missed 8. Got version 9 which had little extra of any use. It has been treading water for many years now. The clever original team left and it is being overtaken in all departments now. Still using it. It does a reasonable job if not much is required but I am looking around for a better replacement.

Powerful but clumsy
10/10
Vsn 10 still lacks alerts on drawing tools. The sim/test language is clumsy. You can't easily use a variable with a one line call to a standard function like Lin Regression but there is a free library of 30-40 lines of code to do jobs which ought to take 3-5 lines. It's not user friendly but it has the power to scan and find trades. Scan response time is slow. There are loads of add-ons but most aren't much good. There is no overall performance metric from a simulated system test on, say 200 stocks, so you can't tell if system A is better than B by X% - instead you get 200 individual results.

4 of 4 members found the following review helpful:

metastock
8/10
i've subscribed to them all , still have met pro and tradestation and metastock is the best ,not perfect , and won't make you money on it's own but is still the best around, and by quite some margin, compared with tradestation easy language, metastock is a breeze and is more adaptable ( which surprised me , but is true , you can reference other securities in met language which you can't do in tradestation , so there!!

1 of 3 members found the following review helpful:

Metastock
3/10
Sorry, but very unhappy here.
I have asked so many times for help-no-one emails back or returns calls. Ok, then i get told to do this and that and all the data will be up to date.
I follow all the instructions, but hey! Still no pregress.
I honestly think support should be there. It is so very frustrating when u want to download eod but keep being stuck with data that is 2 weeks old! How is that gonna help me to rade/progress!
Nah! wish i could have just got something better with support!

2 of 2 members found the following review helpful:

Metastock 9
8/10
Sorry,
but I don't agree that Metastock is a "5's with the odd 4" rated program - I think it's been overscored here, (life's nothing without the odd spot of conflict ). I'd drop it to 4 on reliability - I don't think it gets equity curves right on occasion, which is probably just a side effect of which price it picks on the day but I do think when you run a mechanical test you need to be absolutely sure of the feedback..
The interface is, in my view, clunky - it could be a heap more user friendly - I think it's a VERY powerful tool, with excellent docs and it's extremely good for allowing users to fiddle with it, but I don't find it all that easy to work with when I want to pull interesting stocks out of (say) the FT100, and sometimes I've found some of the explorations produce quite baffling results... it's powerful, but I'm not convinced it's completely reliable (no software is, I still give it 4 out of 5 which is I think a fairer score than 5/5)> It definitely scores on features, and the open nature of the program that allows all comers to do all sorts of things with it.

Just my 2p - it's still THE program if you want to illustrate a point by pulling a particular chart up and adding various doodads to it,
Dave