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John, many thanks for your response to my
question and excellent comparison! I wish my 2 cents were comparable to
yours!
Best,
Gene
----- Original Message -----
From: <A
href="mailto:john@xxxxxxxxxxx"; title=john@xxxxxxxxxxx>John Manasco
To: <A href="mailto:metastock@xxxxxxxxxxxxx";
title=metastock@xxxxxxxxxxxxx>metastock@xxxxxxxxxxxxx
Sent: Tuesday, October 10, 2000 8:01 AM
Subject: Re: MetaStock versus Omega's TradeStation
I meant to respond to this earlier but forgot about it.
Sorry.I use both Metastock and Tradestation. Metastock is a wonderful
chartingprogram, much better than Tradestation. Metastock is fast and
relativelyeasy to learn to use. The program is robust, at least on my
system, and doesnot crash my computer. And Metastock has a lot of built-in
indicators.Tradestation does not have as nice a charting display but it
is adequate.The number of built-in indicators is limited. For instance
Tradestationdoesn't have regression lines and standard deviation channels
built in.Tradestation is also a huge program with many bugs and crashes a
lot. If Iused it in realtime I would definitely use
Win2000.Metastock's system tester is fast but limited. Tradestation can
producestatistics on many more parameters than Metastock. For instance
Metastockwill produce stats on Maximum Adverse Excursion. Tradestation
produces thatin graphic form along with such things as Maximum Favorable
Excursion,Underwater Equity graph and several other useful graphs.
Tradstation alsocalculates Sharpe ratio, k-ratio and several other stats
that are helpful.Metastock's Explorer is much faster than Tradestation's
and just as good asfinding things on a simple system. Tradestation has
better built in stopsand exits and can handle a more complex system with
ease.A Tradestation chart can handle up to 50 inputs at once. You can
load up achart with several securities, put/call stats, advance/decline
data,interest rates, basically anything you can get data on and then create
atrading system that runs against all that data.Tradestation has a
robust development language that is very similar to aregular programming
language. It is easy to write complex systems withcomplex data structures
although debugging them can be trying at times. Ihave not used Metastocks
new development facilities so I can't comment onthem but I hear they are
trying to improve their capabilities a lot.Tradestation has more canned
programs that run on their platform thanMetastock so if you want to buy an
off the shelf system that might be aconcern.One thing to consider is
that Tradestation might be a dead end program.Omega has indicated that there
will be no more development work done on thecurrent version of Tradestation
and the new version will be and internetbased version. Not what some people
want.Well that's my 2 cents worth. Other people will probably have other
thoughtsbut I hope this is helpful.RegardsJohn
ManascoMetastocks support is their real bright spot. In spite of some
growlingevery now and then they do a really superb job. Omega research
support isstaffed by rude people that have absolutely no clue as to how to
fixproblems. ----- Original Message -----From: <<A
href="mailto:Macromnt@xxxxxxx";>Macromnt@xxxxxxx>To: <<A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx>Sent:
Tuesday, October 10, 2000 8:25 AMSubject: Re: MetaStock versus Omega's
TradeStation> I have not done the comparison personally but I had
an assistant whoworked> with TredeStation in our office and had
Metastock at home and according to> him Metastock is far less powerful
that TradeStation.>> Good Luck.>> Jean
Jacques>
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