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Totally agree.
A few additions, if I may:
1. Back in 1997 when I started working with MS,
MS:=Technical Analysis, practically ! I 've learned
and grown up within MS. I use AmiBroker, TradeStation
& others, but my guy is MS. Period. I guess I' m stuck
with it, like many in this forum.
2. Let' s be frank to ourselves. MS has not grown
enough to become a real professional tool to handle
complex portfolios and real-timeanalysis across many
securities. It is probably best for single
security/index analysis. And in this it excels -
personal view, O.K.?
3. I don' t find MS that expensive.
4. I personally feel that if no major support is
allocated by Reuters, the whole platform will
gradually be phased out.
--- Jose <josesilva22@xxxxxxxxx> wrote:
>
> There seems to be a lot of recent discontent
> building up with regards
> to the lack of MetaStock development from
> Equis/Reuters. It is indeed
> true that other charting programs have overtaken MS
> in a major way.
>
> For example, AmiBroker (AB) can plot a composite
> system equity curve
> based on hundreds of securities, and allows the
> changing of parameters
> with the aid of real-time variable sliders.
> Watching the AB composite
> equity plot change in real-time is a marvel.
> Just getting MetaStock to plot the same single
> composite equity
> (forget real-time manipulation), involves so much
> processing overheads
> that it is not practical.
>
> So, AmiBroker is indeed superior to MetaStock in
> many ways.
> However... I still find myself using MetaStock for
> 95% of my tasks.
> Why?
>
> 1) Familiarity & ease of use = time-saving - it
> generally takes me
> five times longer to code in AB;
>
> 2) MetaStock's Graphic User Interface is still
> superior to AB;
>
> 3) More than 95% of programming tasks are basic
> building blocks which
> don't require complex programming;
>
> 4) Successful mechanical trading strategies are
> composed of 60~80%
> logical thought, and 20~40% actual programming
> skills.
>
>
> It is the last point that needs to be generally
> acknowledged &
> understood.
>
> It is not the actual charting package that decides
> how successful the
> development of one's mechanical or subjective
> trading system may be,
> but rather, it's the trader's own ideas and ability
> to put them into a
> logical & codeable form that makes a good system
> worth considering.
> More programming complexity is not always better.
>
> If I were to be just interested in the intellectual
> challenge of
> coding difficult or abstract ideas, I would have
> probably left this
> group to join the AmiBroker camp a long time ago,
> just as others have
> already done.
>
> However, being much more interested in the bigger
> picture, means that
> the charting tool is not so important to me.
> MetaStock is fine for
> just about all system development purposes.
>
> If productivity is also important to you, and you
> already use
> MetaStock, you may find that there is little or no
> need for better/
> faster tools, or for re-learning a new process.
> If you are not using a charting package yet,
> consider MetaStock's easy
> learning curve before choosing a career in rocket
> science.
>
> Take care not to lose sight of the forest for the
> trees. :)
>
>
> jose '-)
> http://www.metastocktools.com
>
>
>
>
>
>
>
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