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Hello,
Alot of debate around regarding MS capabilities and drawbacks. I have a
small experience in trying different charting packages for a while like
Wealthlab, TC2000, TS2000, Amibroker TNT... I don't recall many others.
Although of MS drawbacks, I always come back to it. May be for same Jose's
reasons plus stability of MS software which I think it a major component in
trading business.
I agree that MS lacks many features but I think it is in Equis's mind and
planning to add. How many times Microsoft relaeased Windows with tiny
modifications and we still purchase it !! Same applies to many packages.
IMO, Equis is missing other competitors' customer support environment and
turned MS into a gear in large Reuters machine not the scorer of team as it
was.
Finally, we are talking one side. I hope we can get response from Equis
here. I and many others are intrested to have an idea about Equis
development plan. Which features are they planning to add in new MS? and
when? What are their longterm plans regarding MS?
Best regards,
Hani :)
----- Original Message -----
From: "Jose" <josesilva22@xxxxxxxxx>
To: <Metastockusers@xxxxxxxxxxxxxxx>
Sent: Thursday, February 03, 2005 8:02 AM
Subject: [Metastockusers] Time to ditch MetaStock?
>
>
> 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
>
>
>
>
>
>
>
>
>
>
> Yahoo! Groups Links
>
>
>
>
>
>
>
>
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