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What you write agrees with most things I heared before as well, except the
part on system testing. I have understood that Metastock can do system
testing over a whole bunch of stocks or markets or whatever, which
Tradestation can not.
Does not Metastock do that, test over a selected set of symbols?
> -----Original Message-----
> From: John Lynch [mailto:kiwi_trader@xxxxxxxxxxxx]
> Sent: den 4 augusti 2001 10:46
> To: Derek; omega-list@xxxxxxxxxx
> Subject: Re: Tradestation v Metastock
>
>
> Hi Derek,
>
> I use both and the common factor is that they can produce
> lines on screens.
>
> The big differences are:
>
> 1) TS can be used for system testing. Although you'll get
> arguements about how good tradestation is at reflecting where
> your stop is hit, its much
> better than metastock's open, close, high or low choices. Also
> optimisation which is available on TS is valuable even if
> potentially dangerous.
>
> 2) For both systems and indicators the complexity of
> "easylanguage" allows a staggering range of choice. One
> example is that Joe DiNapoli has an indicator called an
> "oscillator predictor" which predicts the close price
> required for an oscillator to be oversold. Probably
> impossible to be done with Metastock but reasonably simple
> with Tradestation.
>
> 3) Most indicators for sale are written on Tradestation and
> most of the intelligent discussion is based around Tradestation.
>
> 4) Generally its easier to draw lines such as trendlines or
> andrewsbabson lines with Metastock but Tradestation is more
> flexible. For example you can change (and save as default)
> the fib retracements in TS but not in Metastock. Also you
> can write software to draw differently coloured lines at
> different levels for a whole series of retracements from a
> focus point to determine confluences of retracements.
>
> So, I'd get tradestation. In fact I'll sell you a second
> hand version of Metastock V7 if you want!
>
> Only thing I'd do before buying TS though is look at a bit of
> software called Trading Recipes. If you're serious about
> system trading commodities rather than discretionary trading
> then it may be a better choice as it gives you much better
> ability to look at money management, drawdowns and mixing
> systems and commodities that TS does (virtually none unless u
> build the spreadsheets yourself).
>
>
> John
>
>
>
>
> ----- Original Message -----
> From: "Derek" <dfawell@xxxxxxxxxxxx>
> To: <omega-list@xxxxxxxxxx>
> Sent: Friday, August 03, 2001 11:01 PM
> Subject: Tradestation v Metastock
>
>
> Hi All
>
> I'm fairly new to the trading game and have recently joined
> this list. I'm wanting to buy stock-screening software,
> where I can develop my own systems. I have been tempted to
> go for Metastock as I've used their stuff a bit but would
> like to consider Tradestation.
>
> Could anyone here tell me what are the main advantages of
> Tradestation over Metastock.
>
> Derek
>
>
>
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