MetaStock XV Stock Market Software Review Updated [2018]

Recommended for day traders and those who need excellent real-time news, access to a huge stock systems market and powerful technical analysis with global data coverage all backed up with excellent customer services.

The latest release of Metastock XV has been a big hit with improvements across the board. with huge improvements in Scanning, Back Testing and Forecasting making this one of the best offerings on the market.


MetaStock – Review Score 85%

MetaStock Review Winner


Pricing and Software – 10/10

MetaStock starts at a very reasonable $22 per month which unlocks the entire package, and as you will see that is a great package, including Reuters real-time news feeds and award-winning technical analysis and expert advisors for system backtesting and analysis.MetaStock

It is designed only for the PC, but can be run on Mac with PC emulation software.  You will need to download and install MetaStock and configure your specific data feeds for the markets you want to trade.  So the software installation is not as slick and quick as competitors but the package is extremely powerful.

MetaStock has a clean sweep in terms of Stock Exchanges covered (e.g. All of them) and it covers ALL of the vehicles, stock, ETF’s Mutual Funds, Options, Futures Forex, and Bonds.

MetaStock is one of the biggest fish in the sea of stock market analysis software.  Backed up by the mighty Thomson Reuters you can expect excellent fast global data coverage and broad market coverage including equities, futures, Forex, ETF’s and options.

Trade Management – 4/10

MetaStock does provide broker integration but the execution of trades from charts and live integrated P&L analysis is limited, this is definately an area of improvement for the future..

Fundamental Scanning and Screening – 10/10

As  I mentioned MetaStock is owned by Thomson Reuters, who are without a doubt the biggest and best provider of real-time news and market analysis.

They also have an incredible database of global fundamental data, not just on companies but economies and industries.

The filtering & scanning possibilities are endless. I would like to see better integration within the MetaStock suite, bringing together the fundamentals and the technical analysis to enable better charting on fundamentals. However, the wealth of data is first class.

Using Eikon you can see a really in-depth analysis of company fundamentals from debt structure to top 10 investors, including level II.  Excellent watch lists featuring fundamentals and powerful scanning of the markets gets a perfect 10

News & Social – 10/10

MetaStock 12 has full Eikon integration with institutional level news, analysis, and outlook.  This is the fastest global news service available on the market including translations into all major languages.

Thomson Reuters the king of the real-time newsfeed and global market data coverage is the owner of MetaStock, so you get the entire wealth of knowledge included in the package.  This should not be underestimated.

MetaStock however, does not have any social elements, which under normal circumstances, would detract from the score, however, because the news feeds are so strong it warranted still a 10 out of 10.

Technical Analysis 10/10

Forex forecasting based on sentiment is a feature that is absolutely exceptional.  Never mind the broadest selection of technical analysis indicators on the market today. MetaStock is the king of technical analysis warranting a perfect 10.

MetaStock takes a clean sweep when it comes to Charting covering all the core chart types, but also includes, Point & Figure, Equivolume, and Market Profile charts.

When it comes to indicators, MetaStock has 300+ different types, including Darvas Box and Ichimoku Cloud.  MetaStock will also help you develop you won indicators based on their coding system.

Finally, MetaStock racks up a perfect score on the drawing tools section, which includes Gann and Fibonacci tools.

MetaStock Screens

Stock Systems and Back Testing 8/10

Another area where MetaStock excels is what they call the expert advisors.  MetaStock harnesses a huge amount of inbuilt systems that will help you as a beginner or intermediate trader understand and profit from technical analysis patterns and well-researched systems.  This is really a key area of advantage.  The biggest addition to the MetaStock arsenal is the forecasting functionality which sets is apart from the crowd.

Check Out this Video Overview Of MetaStock

Ease of Use 12/20

MetaStock still has the feel of a collection of separately developed applications that require user’s education to make them work together.

However, once installed the huge selection of automated expert advisors you can deploy on the selection of stocks in your purview make MetaStock well worth the investment.

Special Features

MetaStock features some industry-leading systems such as:

Power Strike – Options Trading MetaStock Award Winning Stock Market Analysis Software

PowerStrike relies on three phenomena of the market:

1. Stock prices are heavily influenced by trading near option strike price levels. These levels greatly influence where important buying and selling occur.

2. Support and resistance are based on the concentrated buying and selling of influential traders.

3. The human mind gravitates towards memorable, easy-to-remember numbers. These values are typical of option strike prices. Hence many traders' attention is drawn to these numbers providing the potential for even more "concentrated" buying and selling.

All in all a top class showing from MetaStock, simply put one of the best packages available.

MetaStock Service Data Sheet

Pricing & Software
Monthly End of Day$22
Monthly Real Time$99
Software Only Fee$449
Customizable Data Feeds
Customer Service & EducationExcellent
Market Data CoverageGlobal
Data SpeedExcellent
Mutual Funds
Pricing & Software Score10
Trade Management
Broker Integration Stocks
Trade Management Score4
Fundamental Scanning & Screening
Real Time Scanning & Filtering
Fundamentals Scanning
Watch Lists with Fundamentals
Extended Economics Fundamentals (New)
Fundamental Screening Score10
Technical Analysis
Multiple Charts Per Desktop
Bar Line HLC Candlestick
Point & Figure
OthersMarket Profile
Bollinger Bands
Directional Movement
Ichimoku Cloud
Money Flow
Moving Averages
Parabolic SAR
Rate of Change
Relative Strength / RSI
Volume at Price
Custom Indicator Development
Darvas Box
Elliot Wave X
Total Number of Indicators300+
Drawing Tools
Fibonacci Retracement
Fibonacci Time
Fibonacci Fan
Trend Lines
Text Overlay
Error Channel
Gann Grid/Line
Gann Fan
Quadrant Lines
Speed Lines
Tirone Levels
Automated Alerts
Technical Analysis Score10
News & Social
News Feed
Real-Time News Feed
Economics & Deal NewsReuters
Market Commentary
News Score10
Systems & Backtesting
System Marketplace
Create Customizable Systems
Back Testing Point & Click
Back Testing Programmatic
Forecasting (new)
Robotic Trading (new)
Systems & Back-Testing Score8
Setup & Usability
SW Setup6
Ease of Use Score6
Usability Points12/20

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