Top 10 Best Stock Market Analysis Software Review 2018

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Welcome to the most detailed Stock Trading Software Review on the web, we compare over 800 different features & functions of the best market analysis products available.

Why?  So you can choose the very best package available to suit your investing style and budget. Not only will you find out which software best suits your trading style, you will be able to compare head to head all of the benefits, features, and prices.

The 2018 Stock Market Software Programs Review

Top 10 Best Stock Market Analysis Software Review

To get an advantage in the stock market you need a solid education, experience, patience and also the best tools.

In 2018, we reviewed over 30 vendor products, and ultimately this filters down to 10 highly rated software offerings from industry giants to new entrants.

It has been a great year in terms of innovation and we see some hot new entrants to the top 10 including TradingView & EquityFeed, jostling for position amongst our established giants like Worden TC2000, MetaStock & Tradestation.

And the is a surprise waiting…

7 Tough Rounds of Reviews & Comparisons

Click the round to jump to the section

  • Round 1: Pricing & Software – Cost & Quality of the Software & Customer Service
  • Round 2: Trade Management – Broker Integration – Live Trading From Charts & Position Management
  • Round 3: Company Fundamentals Screening Integration
  • Round 4: News Services & Social Integration
  • Round 5: Technical Analysis – Charts, Indicators & Drawing Tools
  • Round 6: Stock Systems, Backtesting & Robotic Trading (Automation)
  • Round 7: Ease of Use, Intuitive, Simple Installation & overall user experience
  • Final Bell: And the Winners Are…

The Following Sections Shortlist the Best Software for Your Needs

Round 1: Pricing & Software – Cost & Quality of the Software & Customer Service

VendorTradingViewMetaStockTelechartTradeStationOptumaQuantShareEquityFeedeSignalNinjaTraderChartSmartVectorVestProfitSource
Pricing & SoftwareTradingViewEquityFeed
Monthly End of DayFree
Pro $9.95
Pro+ $19.95
$22Silver $10
Gold $30
$249 or Free For Clients$99$245 Lifetime License N/A$37.95$50 or Free for Clients $43$59
Monthly Real TimePremium
$39.95
$99Platinum $89$349 or Free for Clients$249$595 Lifetime License$135 -
$250
$120$110$129$1295
Software Only Fee$449$245$999
Customizable Data Feeds IQFeed. GFT, MT4, Bloomberg
Customer Service & EducationExcellentExcellentExcellentExcellentExcellentExcellentEmail OnlyExcellentOKEmail OnlyOKAUS Time Zone
PC
For MAC
Tablets Smartpones
Market Data CoverageGlobalGlobalU.S.A. / CanadaGlobalGlobalGlobalU.S.A.GlobalGlobalU.S.A. / CanadaUSGlobal
Data SpeedExcellentExcellentExcellentExcellentExcellentGoodExcellentExcellentExcellentOKOKOK
Stocks
ETF
Mutual Funds
Options
Futures
Forex
Bonds
Pricing & Software Score1010101099888542
Stock Market Software Review - Pricing & Software Comparison - Table 1

Round 1 Results – Pricing & Software – Winners

This round was extremely competitive with 4 vendors leading the pack, but not by a wide margin.

TradingView – 10/10

TradingView - Price & Software WinnerTradingView offers 4 packages, starting at Free for a limited version of the toolset and moving to extremely competitively priced packages like Pro for $9.95, Pro+ for $19.95 and Premium for $39.95 per month.

I would recommend the Pro subscription as it enables nearly everything you would need.  If you want the intraday spread charts & custom chats opt for Pro+.  In any case, try it out completely Free and play around with it to see if you like it.

TradingView runs on PC, Mac, Tablets and Smartphones and requires Zero Installation, it simply works.

The Market data is huge, covering nearly all Stock Markets and it includes Stock, ETF’s Futures, Foreign Exchange & Bonds, all at no extra price, which means outstanding value for money combined with excellent support options.

MetaStock – 10/10

MetaStock Review Winner 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.

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.

 TC2000 – 10 / 10

TC2000 - Award Winning Analysis Software

Worden Brothers continue their winning ways, which very competitive pricing starting at only $10 for the silver package.  I would recommend gold to start with as you get a more powerful alerts engine and unlock the huge power of the Technical & Fundamental Scanning and Filtering that TC2000 is famous for.

TC2000 is aimed squarely at those trading Stocks, ETF’s, Mutual Funds and Options, specifically on the U.S.A and Canadian Markets.

The software is first class, runs on PC, Mac and Tablets SmartPhones, and requires Zero complex configuration. Support is excellent both on the forums or via the phone where you get to speak immediately with skilled personnel in the U.S.

If you have not selected a Broker, you should look at TC2000 as an option, they have their own brokerage with extremely competitive rates which also means you get full integration so you can trade Stocks & Options directly from your charts, a huge bonus.

TradeStation – 10 / 10

TradeStation ReviewTradeStation offers their entire software – TradeStation Analytics for free if you are a brokerage client.  If you only want the software, it will cost $249 per month for end of day data and $349 for real-time intraday data.  These “software only” costs are high because TradeStation wants you to be a brokerage client.  But why not use them as your broker, their super low rates are excellent.

TradeStation has global data coverage and runs on all platforms and covers all vehicles except bonds.  Add to this great customer service and you have an excellent all-round package.
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Round 2: Trade Management – Broker Integration – Live Trading From Charts & Position Management

Trade ManagementTradingViewEquityFeed
Broker Inegration StocksIB, TDA
Broker Inegration Options
Place Trades from Charts
Live Position P&L
P&L Analysis
Trade Management Score101010888865420
Stock Market Software Review - Trade Management Comparison - Table 2

Round 2 Results – Trade Management Winners

There are 3 clear winners in this section, those that offer direct integration from chart to trade execution.

TC2000 – 10 / 10

TC2000 - Award Winning Analysis Software

Worden Brothers make a clean sweep when it comes to trade management, with full Broker Integration (as long as you choose them as your broker).

TC2000 also offers fantastic options trading and integration, you can scan and filter on hundreds of Options Strategies and then execute and follow them directly from the charts.

Good Profit & Loss tracking & Analysis round off the package.

TradeStation – 10 / 10

TradeStation ReviewTradeStation again scores 10 / 10 especially if you choose them as your broker, but they do integrate with other brokers if you go for the software only option.

A super slick implementation allows extremely quick execution and opens up the potential for automated system execution.

NinjaTrader – 10 / 10
NinjaTrader

NinjaTrader has a huge user community who contribute to the development and improving the software.  This leads to a solution that can integrate with TD Ameritrade, Interactive Brokers, and other FX brokers.

If you choose NinjaTrader as your broker, you will get the basic edition for free and the advantages of trading from charts and automated trade execution.

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Round 3: Company Fundamentals Screening Integration

Fundamental Scanning & ScreeningTradingViewEquityFeed
Real Time Scanning & Filtering
Fundamentals Scanning
Watch Lists with Fundamentals
Extended Economics Fundamentals (New)
Fundamental Screening Score1010101099968763
Stock Market Software Review - Fundamental Analysis Comparison - Table 3

Round 3 Results – Fundamentals – Winners

This round produced 4 winners all tied with 10 out of 10, in fast 7 of the 10 have very good fundamentals integration.

TradingView – 10/10

TradingView - Price & Software WinnerTradingView has a very slick system and they have put a huge amount of thought into how Fundamentals Integrate into the analytics system.

Watchlists have fundamentals broken into Performance, Valuation, Dividends, Margin, Income Statement and Balance Sheet.  You can set the watchlist and filters to refresh every minute if you wish.

What makes TradingView stand out is the huge selection of economic indicators you can map and compare on a chart. For example, you can compare the Civilian Unemployment Rate versus the growth in Company Profits for the U.S.A.  This is incredibly powerful.

MetaStock – 10/10

MetaStock Review Winner 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.

Optuma – 10 / 10

optuma logo

Optuma is squarely aimed, as you can see from the price,  at professional traders and wealth managers.  Their clients are tier 1 Wall Street Investment houses.  But you can still take advantage of their first class solution.  If you have a Bloomberg feed already established this also offers a new world of data and fundamental analytics.  This slick integration of fundamentals into the charting and analysis means this is a significant improvement over a Bloomberg terminal and warrants is as a Round 3 Winner.

TC2000 – 10 / 10

TC2000 - Award Winning Analysis Software

I selected TC2000 as my tool of choice back in the year 2000 because it offered back then, simply the best implementation of fundamental scanning, filtering and sorting available on the market.  17 years later, they are still a leader in this section.

They offer a huge selection of fundamentals to choose from, but what makes it unique is the fact you can, with a few clicks, create your own indicators based on the fundamentals.  You can then overlay the indicators directly on the charts, which opens up a whole new world and technical and fundamental analysis.  10 out of 10 for TC2000 again.

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Round 4: News Services & Social Integration

News &
Social
TradingViewEquityFeed
News Feed
Real-Time News FeedMT NewsWire
$8 pm
Economics & Deal NewsKiplinger
Futures
ReutersDeal NewsBloomberg
Required
Market CommentaryBloomberg
Required
Community ChatV12.5
News Score10109887554210
Stock Market Software Review - News Services & Social Comparison - Table 4

Round 4 Results: News & Social Integration

In the news and social section, there are only 2 winners, both for different reasons.  Read on to learn more

TradingView – 10/10

TradingView - Price & Software WinnerTradingView is built with social at the forefront.  Fully integrated chat systems, chat forums and an excellent way to share your drawings and analysis with a single click to any group or forum.

This makes for an excellent way to generate ideas or learn from other traders.  You have to try it and see it in action to understand the power of the implementation.

They have also thoughtfully integrated a Kiplinger newsfeed, Stocktwits, and various FX newsfeeds.  With a social first development methodology, combined with powerful economy statistics and a solid newsfeed it is a great package.

MetaStock – 10/10

MetaStock Review Winner 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.

EquityFeed – 9/10

EquityFeed - Deal NewsIn second place and definitely worth mentioning this year is the deal news section in EquityFeed.

I really like the simple implementation, you can get the low down on contracts and deals struck between companies.  This can give you an edge if you can quantify the impact of the deal on the companies bottom line.

EquityFeed also has a strong focus on news, but it is let down by having no social integration.

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Round 5: Technical Analysis – Charts, Indicators & Drawing Tools

Technical AnalysisTradingViewEquityFeed
Charts
Multiple Charts Per Desktop
Bar Line HLC Candlestick
Point & Figure
EquivolumePremium
OthersMarket ProfileKagi, Heikin Ashi, Renko, Line Break Market ProfileHeiken AshiMarket Profile
Indicators
Bollinger Bands
Directional Movement
Ichimoku Cloud
MACD
Momentum
Money Flow
Moving Averages
Parabolic SAR
Rate of Change
Relative Strength / RSI
Stochastics
Volume at Price
Custom Indicator Development
Volume
Darvas BoxProbability Box X
Elliot Wave XGann Swing X
Total Number of Indicators300+160+400+70+520+1451042232111819
Drawing ToolsTradingViewEquityFeed
Fibonacci Retracement
Fibonacci Time
Fibonacci Fan
Trend Lines
Text Overlay
Pitchfork
Error Channel
Gann Grid/Line
Gann Fan
Quadrant Lines
Speed Lines
Tirone Levels
Automated Alerts
Technical Analysis Score1010101099978544
Stock Market Software Review - Technical Analysis Charts & Indicators - Table 5

Round 5 Results: Technical Analysis – Charts & Indicators

The technical analysis section is always extremely hard fought and this year the competition was fierce. We have 4 winners with 10 out of 10, but another 3 with 9 out of 10.  This means whichever package you choose you will be well covered which any of the first 7 in the list.

Let’s take a look at the winners.

MetaStock – 10/10

MetaStock Review Winner 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.

 

TradingView – 10/10

TradingView - Price & Software Winner

TradingView have over 160 different indicators, covering everything you could possibly need, unless you need the Volume at Price Indicator.

On the downside compared to its competition, it is a little weak on drawing tools, offering only Trend Lines, Pitchfork and XABCD Pattern.

So why does it score so highly and rank as a winner in this section?

I was incredibly impressed with the offering of Kagi, Heikin Ashi and Renko Charts including Point & Figure and Line Break. Also, the user community has developed indicators as exotic as Moon Phase (see the final bell review below for more details).

With this selection of charts, you have everything you will need as an advanced trader.  Plus, with the Premium membership, you also get Level II insight, fully integrated.  Well done TradingView.

Optuma – 10 / 10

optuma logo

Another perfect 10 for Optuma.  A fantastic array (400+) of technical indicators and drawing tools.  Specializing in Gann tools with a full suite including Gann Grid Lines, Gann Fans, and Gann Swing.

Also included are Elliott Wave and Darvas Box, the full set of exotic indicators are present.

To top it off they have also implemented an excellent astrological analysis suite as an upgrade for those of you who believe in that sort of thing, yes commodity traders I am talking about you :).

TC2000 – 10 / 10

TC2000 - Award Winning Analysis Software

Telechart has an excellent array of technical indicators and excellent drawing tools, all the big ones are there, from OBV, RSI and Bollinger Bands to Fibonacci Fans and Andrews Pitchfork, they have also added Heiken Ashi Charts.

With over 70 different indicators you will have plenty to play with.  They have also introduced live alerts which you can configure to email or pop up if an indicator or trend line is breached.  Very useful indeed.

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Round 6: Stock Systems, Backtesting & Robotic Trading (Automation)

Systems & BacktestingTradingViewEquityFeed
System Marketplace
Create Customizable Systems
Back Testing Point & Click
Back Testing Programmatic
Forecasting (new)
Robotic Trading (new)
Systems & BackTesting Score1098877455550
Stock Market Software Review - Systems & Backtesting - Table 6

Round 6 Results: Stock Systems & Automation

There is a big contrast between the competition in this round, with 1 clear winner, QuantShare. The difference in ratings is largely down to whether you need Robotic Trade Automation and Execution.

However, TradeStation does have robotic automation possibilities and is worthy of consideration.    Also notable, although not a clear winner in NinjaTrader who also specialize in automation.

QuantShare – 10/10

QuantShare Recommended Software

QuantShare specializes, as the name suggests, in allowing Quantitative Analysts the ability to Share stock systems.

This means they have a huge systems marketplace with a lot of accessible content that you can test and use.

If you have a programmatic mind you can implement and test an endless list of possibilities.  They do also offer Point & Click implementation of systems also.  What is great is they also have Artificial Intelligence integrations via the AI Optimizer, which allows for the system to combine different rules to see which rules work best together.   They also have powerful prediction models using Neural Networks.

This is seriously advanced software for those with the inclination to test, forecast, predict and automate.

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Round 7: Ease of Use, Intuitive, Simple Installation & overall user experience

Setup & UsabilityTradingViewEquityFeed
SW Setup101010865455555
Ease of Use Score10108867666555
Total Points 202018161212101111101010
Stock Market Software Review - Usability - Table 7

Round 7 Results: Ease of Use

There are big differences in the ease of use and user experience between the different Analysis Software Packages.  While we have 2 clear winners in this section, I need to mention that TradeStation, EquityFeed, and Optuma are all excellent in this area.  Optuma only scores lower because you will need a very powerful machine to run it well, so you need to invest in extra hardware.

TC2000 – 20/20

TC2000 - Award Winning Analysis Software

TC2000 is easy to use and yet very powerful.  The interface design strikes the right balance between looking great and being instantly useful.

A heavy focus on watchlist management, flagging stocks, making notes and powerful scanning make is easy to use and master.  Software setup is completed in a few minutes, but it also runs perfectly across devices.

Full marks for TC2000.

TradingView – 20/20

TradingView - Price & Software Winner

TradingView is running with a single click.  Click on the TradingView logo on the left and it will be instantly running.  It does not get easier than that.

Even better is the fact it is already configured for use.  All controls are intuitive and the charts look amazing.  It is quite a feat that it is so easy to use considering TradingView has so many data feeds and backend power.


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Final Bell: And the Winners Are…

As stated previously, no two products are identical, there are many strengths that are designed for each product to suit specific needs.  As such, most of the packages can be recommended to a specific audience based on their strengths.  In the following summary reviews, we look at the benefits of each package.

Review Winner

TradingView –  Result 92%

TradingViewRecommended for Long-Term U.S.A. & International Investors who value a great price, insanely good Fundamental & Technical Analysis with great streaming news engines and the best ease of use.

There is no doubt about it, TradingView has stormed into the Review Winners section in its first try. I spent 2 days playing with this software, and it is seriously making me think about leaving my beloved wife TC2000.  It is a close run competition and I am genuinely shocked at how good it is.

Pricing & Software – 10/10 – You can have TradingView for free, it is a review winner for our Best Free Charting Software Review.  However, there are limitations.  I would recommend going for the PRO+ at $20 per month or the Premium at $40 per month, the benefits are extensive including Priority Customer Support and unlimited everything.

Also, a huge benefit is that the Data Speed and Coverage are mind-blowing, covering literally every stock market on the planet and not just stocks but ETF’s, Mutual Funds, Futures, FOREX, Bonds & CryptoCurrencies AT NO EXTRA COST.

Trade Management Score – 8/10 – with TradingView you get full broker integration, you can place trades on charts and it will take care of Profit & Loss reporting and analysis for you.  the only thing it does not cover is Stock Options Trading.

Fundamental Scanning & Screening – 10/10 – Another perfect 10 for TradingView as they hit the mark on Real-time scanning and filtering, and fundamental watchlists also.  The list of fundamentals you can scan & filter on is truly huge.  Any idea you have based on fundamentals will be covered.  They even have insane amounts of economic data like Federal Funds Rates and World Economic Growth, thanks to a connection to the QUANDL database.

Moving Averages Ribbon - Beautifully Implemented In TradingView
Moving Averages Ribbon – Beautifully Implemented In TradingView

News & Social Community Score – 9/10 – as soon as you connect to TradingView you realize this is also developed for the community.  You can look at community ideas, post your charts and ideas and join limitless numbers of groups covering everything from Bonds to Cryptocurrencies.

The news feeds are fully integrated, including Kiplinger, DailyFX, Futures Magazine, FXStreet, and StockTwits.  Add that to the social network and you have a great solution.  The news service is only second to MetaStock with their Reuters Feeds.

Technical Analysis Score – 10/10 – with over 160 different indicators, and unique specialty charts such as LineBreak, Kagi, Heikin Ashi, Point & Figure and Renko, you have everything you will need as an advanced trader.  With the Premium membership, you also get Level II insight, fully integrated.

TradingView - Insanely Beautiful Chart, with a massive selection of indicators. This Chart Feature Moonphase and Darvas Boxes
TradingView – Insanely Beautiful Charts, with a massive selection of indicators. This Chart Feature Moon phase and Darvas Boxes

Did I mention the charts are fast and beautiful?

Systems, BackTesting & Automated Trading Score – 7/10 – Good but not perfect.   TradingView has an active community of people developing and selling stock analysis systems and you can create and sell your own.  Also, there are a huge number of indicators and systems from the community for free.

The only things you cannot do is forecast and implement Robotic Trading Automation.  For that, you would be better off with NinjaTrader, QuantShare or TradeStation.

Usability Points – 20/20 – within 5 minutes I was using TradingView, no credit card, no installation, no configuring data feeds, it was literally just there.

Read the Full TradingView Review

Telechart 2000 Review – Worden Brothers Inc. –  90%

TC2000 - Award Winning Analysis SoftwareRecommended for Long-Term Investors in the U.S.A. & Canada with a fundamental bias who need powerful screening and excellent charts on all platforms.

Telechart has long been one of my favorite tools, I have been a subscriber for over 17 years and find the latest release v17.x to be a huge step forward.  Endlessly customizable and scalable the platform offers nearly everything an investor may need.
Recommended By Liberated Stock Trader - TC2000
Pricing and Software 10/10 – Telechart is a big hitter when it comes to software and pricing.  Telechart runs on everything – your iPhone your Tablet, your Mac, and your PC.  It is priced very reasonably with a simple pricing structure.

If you trade U.S. Stocks, ETF’s or Mutual Funds, then this is a great solution.  Worden also provides regular live training seminars which are of a very high quality.

Trade Management 9/10 – Worden recently released TC2000Brokerage offering discount brokerage services $4.95 per trade.  This integration means a tight integration for trading stocks from the screen but also one of the best implementations of Stock Options trading available.

Fundamental Scanning and Screening 10/10 – Make no mistake about it, if you want fundamentals screened in real-time layered with technical screens all integrated into live watch lists connected to your charts Telechart is a power player.

EasyScan Dashboards

News 8/10 – While Telechart does not have a perceivable Real-Time news element, it does have integrated news with connections to Google Finance, CNN, Yahoo Finance, MSN Money, Marketwatch and StockTwits.  If you want social community and integrated news, you will need to roll back to TC2000 v12.5.

Technical Analysis 9/10 – Telechart has an excellent array of technical indicators and drawing tools, all the big ones are there, from OBV, RSI and Bollinger Bands to Fibonacci Fans and Andrews Pitchfork.  With over 70 different indicators you will have plenty to play with.  They have also introduced live alerts which you can configure to email or pop up if an indicators or trend line is breached.  Very useful indeed.

Stock Systems and Back Testing 4/10 – if you want to perform powerful backtesting or trading automation, then TC2000 is not for you.  You may be able to utilize the add-on product called StockFinder, if you are a Platinum Member and you specifically call to ask for it.  However, StockFinder is no longer in active development, which is a shame because I think it is one of the very best in the market.

Ease Of Use 20/20 – One of the easiest to use and most powerful packages available places the icing on the cake for the Worden Brothers.

Read the Full TC2000 Review

MetaStock – Review Score 85%

MetaStock Review Winner

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.

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.

MetaStock

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 fundamentals and powerful scanning of the markets gets a perfect 10

News 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.

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 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.

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, 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.

Read the Full In-Depth MetaStock Review

highly-rec

TradeStation – Review Score 82%


TradeStation Review

Recommended for full broker integration, trading off charts and frequent traders.  A great price point of FREE for brokerage clients.

TradeStation is a leading brokerage house with excellent execution and low commissions but did you know they have great software also.  Joint winner in the review TradeStation offers enough in its software and broker integration to stand tall with the other vendors.

Pricing & Software – 10/10With a price point of Free for Brokerage clients and awards from Barrons for the software TradeStation is a force to be reckoned with.  Excellent customer service, good training and global market data coverage warrant the highest rating in this category.

Trade Management – 10/10With full broker integration TradeStation can offer trading from charts, live P&L analysis and automated trading as part of the package scoring a perfect 10.TradeStation SW

Fundamental Scanning & Screening – 9/10TradeStation offers an excellent array of choice and flexibility in market screening and filtering, but not just on volume but a host of fundamentals, including exotic data such as commitments of traders, insider traders and even number of company employees.    You can literally screen on anything you think will get you an edge in the market.   You also get what they call radar screen which is really fast with integrated alerting.

News – 5/10TradeStation has real-time news which is an excellent service but only fails to score top marks here because it does not provide market commentary or a chat community.  But do you really need that?  Some people do, its a factor to consider.

Technical Analysis 9/10With over 145 different technical indicators TradeStation packs a big punch in the technical analysis space.  The charts could be a little more intuitive to use which is why it does not score a perfect 10.TradeStation - Find Out More

Stock Systems & Back Testing – 9/10TradeStation has also cultivated a systems and strategies marketplace called the “Strategy Network” where you can purchase stock market systems from an ecosystem of vendors or even contract someone to develop your system for you in the “Easy Language” code.  No perfect 10 in this round as you will need to learn code to develop your own system.

Ease of Use 18/20TradeStation is easy to use, but extremely powerful also.  It is probably due to a face-lift to make it more intuitive to use, but none the less a good score of 8/10 is warranted.

TradeStation was ranked Best by Barrons:

  • Best for Frequent Traders
  • Best for International Traders
  • Best Trading Experience and Technology

Read the Full TradeStation Review Here

rec

Optuma by Market Analyst – 80%

Recommended for Pro's find out more

Recommended for professional frequent trading investors, who value a slick touch-enabled interface which operates well with Bloomberg feeds and terminals, premium features and the best Gann Analysis toolset on the market.

Market Analyst has been in the market for almost 20 years and they cater to individual investors as well as to fund managers

Pricing and Software 10/10 – Optuma is at the top end when it comes to price and you will need a powerful PC to run it, but with IQFeed, GFT and MT4 data integration’s, great customer services and the full range of instruments covered (Stocks, EFTs, Mutual Funds, Options, Futures, FOREX, Bonds) for the premium price you get the premium package.

Breakthrough Astrological Charts with Optuma
Breakthrough Astrological Charts with Optuma

Trade Management 8/10 – While you have the ability to place trades from charts, Optuma does not have a full suite of broker integrations.

Fundamental Scanning and Screening 10/10 – A perfect 10 for fundamental sc screening for Optuma.  A well thought out real-time scanning and filtering engine and the fundamental watchlists are well implemented

News & Social – 8/10 –If you can afford or have a Bloomberg feed then you will get the top end real-time market data you need.

Technical Analysis 10/10 – Another perfect 10 for Optuma.  A fantastic array of technical indicators and drawing tools.  Specializing in Gann tools with a full suite including Gann Grid Lines, Gann Fans, and Gann Swing.

Also included are Elliott Wave and Darvas Box, the full set of exotic indicators are present.  To top it off they have also implemented an excellent astrological analysis suite as an upgrade for those of you who believe in that sort of thing, yes commodity traders I am talking about you :).

Astrological Charts with Optuma
Ground Breaking Astrological Charts with Optuma

Stock Systems and Back Testing 8/10 – Market Analyst has back-testing well covered also, with a well-implemented backtesting and system analysis toolset.  Best in class up there with MetaStock, QuantShare, and NijaTrader as the industry leaders, but unlike the others, you do not need a Ph.D. in mathematics to setup and test your system.

Ease Of Use 10/20 – Optuma requires a High-End PC workstation to function at speed, but if you are a PRO trader this is not a problem.  The interface, the shortcuts, the whole thought process implemented into Optuma does warrant this good score in an important section.  They also have an extensive video training library which is very valuable to the new customer.

Go to the Full In-Depth Optuma Review 

rec

QuantShare Recommended Software

QuantShare –  Result 80%

Recommended for Quantitative Analysts who develop powerful automated systems and value a huge selection of shared user-generated systems and powerful technical analysis tools.
QuantShare was new to me and I was pleasantly surprised with the feature set.

Pricing and Software 9/10 – An extremely cost-effective solution with integration into new social media outlets like StockTwits.

Trade Management 8/10 – QuantShare scores well in this round, enabling a selection of Broker integration to automate trade management.

Fundamental Scanning and Screening 9/10 – There is certainly a huge selection of fundamentals to be able to scan against, the usability could be improved.  Watch-lists can be tricky to set up.  Further development required here.

News & Social 7/10 – Including news and the StockTwits integration save the day here for QuantShare, the news is not real-time but certainly does add value.

There is a heavy focus on the sharing aspect of systems with sharing servers which enable people to connect and share systems, perfect for the quant.

Technical Analysis 9/10 – With the largest selection of technical indicators to choose from (520+) this package leads the way in the chart analysis stakes.QuantShare Recommended Software

Stock Systems and Back Testing 10/10 – QuantShare specializes, as the name suggests, in allowing Quantitative Analysts the ability to Share stock systems.

This means they have a huge systems marketplace with a lot of accessible content that you can test and use.

If you have a programmatic mind you can implement and test an endless list of possibilities.  They do also offer Point & Click implementation of systems also.  What is great is they also have Artificial Intelligence integrations via the AI Optimizer, which allows for the system to combine different rules to see which rules work best together.

They also have powerful prediction models using Neural Networks.

This is seriously advanced software for those with the inclination to test, forecast, predict and automate.

Ease Of Use 12/20 – This software package is not the easiest to use and the interface requires serious development effort.  The learning curve will take a time investment on your part.

Read the In-Depth QuantShare Review

Dear Readers/Vendors- this review was established to the best of our abilities with no intended inaccuracies.  There are over 760 data points in this review if you spot any inaccuracies within this content please contact us here to have it corrected immediately.

So now it’s over to you, did you find this review useful, do you agree or disagree, have you found better software to be included in the review? 

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10 COMMENTS

  1. Hi,

    until now I never used one of these services, but when it comes to screening, how does it work:
    Do I have to put in My own details for a good setup, or is there any (?) software that suggests me its own ideas [many different types you can think of, from classical technical analysis over Elliot-Waves to c-stick patterns]?!
    So when it only comes to this – screening – what would you say is the best software?
    Thanks

  2. Hi Andy, with the top packages you can screen on Fundamentals, e.g. Low PE, High EPS last quarter, increased revenue. You can also screen on technical analysis, price above 20 day moving average or stocks at 52 week low. It really depends on how you want to trade, on fundamentals or technicals or both. I prefer both. Stocks moving higher from a lower base, with good fundamentals. Both technical and fundamental work, and Metastock, TC2000 perform the job really well. If you are in the US and want to trade Fundamtals and technical via screening then TC2000 is really easy to use and very powerful. Metastock has powerful Advisor wizards for things like Elliot waves etc.

  3. You should have listed the also rans and their rating just so we know what were covered and what were left out. Also, perhaps you can do the same for scanners both stand alone as well as part of packages like above.

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