Review Score 8.71/10
Recommended for 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 is 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. Including a new downloader, Offline Mode, Local Data.
Pricing and Software 10/10 – 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.
Fundamental Scanning and Screening 10/10 – 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 fundamtentals and powerful scanning of the markets gets a perfect 10. Also the forecaster has been dramatically improved.
News 10/10 – MetaStock 12 has full Eikon integration with institutional level news, analysis and outlook. This is be the fastest global news service available on the market including translations into all major languages.
Technical Analysis 10/10 – Forex forecasting based on sentiment is 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.
Stock Systems and Back Testing 10/10 – Another area where MetaStock excels is what they call the expert advisors. MetaStock harnesses a huge amount of in-built 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.
Ease of Use 8/10– MetaStock still has the feel of a collection of separately developed applications that require user’s education to make them work together. However with the huge selection of automated expert advisors you can deploy on the selection of stocks in your purview make MetaStock well worth the investment.
MetaStock features some industry leading systems such as:
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 is 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.
– Expert, Exploration, Template