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I have to say I'm a great fan of TradeStation.& Radar Screen. However, if
your main focus is on trading stocks and not futures, then I would look very
seriously at AIQ.
I own all 3, and for stocks (only), I'd rank the tools as:
1) AIQ
2) TradeStation
3) MeatStock
There are a lot of things you can do in AIQ e.g. test a system against the
wholse of the S&P, the top ten all of Nasdaq etc etc in the blink of an eye.
There are also a number of add ons free addons to AIQ which improve
portfolio analysis still further.
However, if you want to trade futures as well, I'd go to TradeStation.
I also have a copy of MetaStock I'd be happy to sell -my excuse for buying
was I had to start somewhere!
----- Original Message -----
From: "John Lynch" <kiwi_trader@xxxxxxxxxxxx>
To: "Derek" <dfawell@xxxxxxxxxxxx>; <omega-list@xxxxxxxxxx>
Sent: Saturday, August 04, 2001 9:46 AM
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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