Metastock VS TS

[programmer 10]

I am thinking to convert to Metastock from Tradestation and Ninja.

 

Has anyone else here converted from TS to Metastock and can elaborate if Metastock can handle complex codes and heavy calcs/Cpu usage VS Tradestation ?

Feed accuracy?

Backfill?

 

Tnx

[michaltrade 10]

Hi,

Metastock is very easy to use. For the same indicator, you write several lines of codes instead of many lines for Tradestation. There are many resources for Metastock and ten of thousand users worldwide. Metastock indicators response faster than Tradestation in realtime, in some cases (I have try both software in 3 months). Both Metastock and Tradestation will slowdown or hang up when market is very fast. However, Metastock displays message to warn you about it; Tradestation did NOT display any message so you still think the chart is active (DANGEROUS).

Jose Silva has many complex and good indicators that only available in Metastock.

In term of cosmetic features (display color, text, multi windows, etc...) and back testing, Tradestation is better than Metastock. I have not found any complex indicators that work in Tradestation and did not work in Metastock. I use Metastock as trading chart and Tradestation as back up.

 

In summary, if trading is to make money and forget about complex issues, than Metastock is one of the best charting software out there. (Metastock, Tradestation, Multichart, Neoticker, Amibroker, Ninjatrader, Ensign, SierraChart, etc...)

Edited February 4, 2010 by michaltrade

[sevensa 10]

Hi,

Metastock is very easy to use. For the same indicator, you write several lines of codes instead of many lines for Tradestation. There are many resources for Metastock and ten of thousand users worldwide. Metastock indicators response faster than Tradestation in realtime in some cases. Both Metastock and Tradestation will slowdown or hang up when market is very fast. Jose Silva has many complex and good indicators that only available in Metastock.

In term of cosmetic features (display color, text, multi windows, etc...) and back testing, Tradestation is better than Metastock. I have not found any complex indicators that work in Tradestation and did not work in Metastock.

 

In summary, if trading is to make money and forget about complex issues, than Metastock is one of the best charting software out there. (Metastock, Tradestation, Multichart, Neoticker, Amibroker, Ninjatrader, Ensign, SierraChart, etc...)

 

I am curious to know in which cases do Metastock indicators respond faster than Tradestation and how did you measure it to come to this conclusion?

[michaltrade 10]

I use the same indicators on Metastock and Tradestation to verify in realtime. Metastock uses Esignal as data feed; Tradestation uses its own data feed. It is possible that the data feed is the cause that Metastock responses faster than Tradestation.

If you are day trader, you have the advantage using Metastock.

[sevensa 10]

I use the same indicators on Metastock and Tradestation to verify in realtime. Metastock uses Esignal as data feed; Tradestation uses its own data feed. It is possible that the data feed is the cause that Metastock responses faster than Tradestation.

If you are day trader, you have the advantage using Metastock.

 

Anything is a possibility. It is also possible that e-signal/Metastock is slower. I am still curious how you have measured this to come to your conclusion and if you can post the results?