Metastock vs other software on the market

[mhubert]

hi

I'm bewildered by the huge array of software available. Seems software has become a way to sell more expensive education & download services...

I'm talking about Australian software.

There's several pieces of software around that appeal, but is there any point buying anything other than Metastock? It seems like buying anything Microsoft - everyone uses it because everyone uses it... but there seems to be a huge range of resources available for it.

Amibroker has been recommended to me, & it looks quite good. It's the Aussie systems I'm comparing to, eg ProTrader, Phoenix AI, etc.

thanks!

 

[bullmarket]

Hi mhubert

Below is my reply a few months ago to a similar question elsewhere.

Hope it helps

Hi ann

I have been using Quicken's ShareAnalyser charting software for a while now.
It doesn't have all the bells and whistles that some of the more expensive packages have, but being an investor and not a trader, I don't need them either.

Imo the line drawing tools, indicators available (about 20 or so of the most common ones), full screen mode for displaying charts are excellent.

All the indicator settings and line drawing features are fully user customisable if you don't like the defaults.

The data provider is Hubb (in Sydney I think). End of day data is available for downloading from 6:30pm EDST.

SA also has an inbuilt scanner which allows you to scan for stocks using user defined scan criteria like looking for stocks that have fallen 10% in a specified time frame or whose moving averages have crossed etc etc. You don't have to know any computer programming to set up the scan criteria. It's all point and click.

So unless one is a serious full time trader (and even if one is), I can highly recommend at least having a look at SA as an option if looking for charting software. It's a lot cheaper than some of the so-called 'Rolls Royce' software are and with at least 80% of their features imo.

Yes, the chart I posted displayed the Fib's for the Mar03 - Sep05 uptrend, 3 and 10 day moving averages and the MACD and Stochastic indicators which are the main indicators I use on charts.

So, in keeping with my philosophy of KISS I thought why pay for a Rolls Royce when a mini-minor will easily meet my needs

If you would like more info, maybe have a look at

http://www.quicken.com.au

My ShareAnalyser data subscription expired last month and I chose to not renew it since I don't look at charts very often nowadays and so I now only use Commsec's Advanced Charting which easily meets my charting requirements nowadays.

cheers

bullmarket

 

[wayneL]

hi

I'm bewildered by the huge array of software available. Seems software has become a way to sell more expensive education & download services...

I'm talking about Australian software.

There's several pieces of software around that appeal, but is there any point buying anything other than Metastock? It seems like buying anything Microsoft - everyone uses it because everyone uses it... but there seems to be a huge range of resources available for it.

Amibroker has been recommended to me, & it looks quite good. It's the Aussie systems I'm comparing to, eg ProTrader, Phoenix AI, etc.

thanks!

A friend of mine has protrader.

Compared to amibroker, it's an expensive pig. You will never beat amibroker for value and power. It's that simple.

Good luck

 

[professor_frink]

as a recent convert from metastock to amibroker I have to agree with wayne 110%. I couldn't believe amibroker could be as good as metastock for the price they were charging, but I took the free month long trial anyway- 2 days later I bought it!

 

[professor_frink]

man I should get a kickback from them for that comment
I sound like someone out of an informercial
but wait, there's more