metastock buyer's guide
Post on 10-Apr-2015
Embed Size (px)
DESCRIPTIONThe MetaStock Buyer's Guide will be perfect for anyone considering buying a technical analysis tool to help ensure that they make profitable trades. This latest edition includes descriptions of all of the add-ons and plug-ins for MetaStock.
THE 8 VITAL QUESTIONS YOU MUST ASK BEFORE YOU PURCHASE TECHNICAL-ANALYSIS SOFTWAREFourth Edition
Brought to you by:
If you have a friend or colleague who would benefit from receiving this document please feel welcome to pass along a copy!
Copyright 2008 All Rights Reserved
Brought to you by FundSoft Information SystemsDear Trading Enthusiast, Thank you for stopping by www.MetaStock.ca and requesting a FREE copy of our MetaStock Buyers Guide that we call The 8 Vital Questions You Must Ask Before You Purchase Technical-Analysis Software. You are reading this guide for one of many reasons, which likely include the following: You are new to trading and want to start out on the right foot by using a well known charting software tool. You have been trading for a while, but have had little or no success. You have decided to seek out charting software tool that will help you make more profitable trades. You are a seasoned trader using another piece of software. For whatever reason you do not like your current software and are looking for a change. You are tired of leaving your financial security in your brokers hands and want (at the very least) to track the trades they have made on your behalf. You are highly competitive and take pleasure in beating the Dow. You are looking for the right charting software tool to give you the upper hand in determining your trades.
To help you achieve your goals (whatever they might be) consider asking yourself these 8 questions when determining which version of MetaStock is right for you:
MetaStock End-of-Day 1. 2. 3. 4. 5. 6. 7. 8. What kind of trader are you?
MetaStock Pro FX
What experience do you have with the markets? What charting software features are important to you? How complex do you need the charting software to be? How important is software training to you? What amount have you budgeted for to purchase the software? Where will you get your market data feed? Which plug-ins and add-ons should you be looking at buying?
>> We have also included an extensive resource list of related investing websites at the end of this guide that will definitely help you become a better investor/trader! Real-time data may have additional exchanges fees (visit here for a list of fees) Remember, if you have an older version of MetaStock, you can easily upgrade to the latest version (10.1). Also, if you want to start off with MetaStock End-of-Day, upgrading to any of the Professional versions is easy to do! Pricing for the upgrades and cross-grades can be found at this website: www.Metastock.ca/SearchResult.aspx?CategoryID=5
www.FundSoft.com | www.MetaStock.ca Page 8 of 17
Brought to you by FundSoft Information Systems7. Where will you get your market data feed? The final thing you need to think about when purchasing your technical analysis software is your market data source. After all, you cant do your analysis without market data! Some people who call us ask us what we think about the free data services. We usually tell them to consider the following: There are no free lunches; you get what you pay for What about support or guarantees on how accurate the data is? Updating the data may require manual importing so MetaStock can read the data. What you might save in money you waste in time and accuracy Manipulating the data manually also means you yourself might create an error in the data that you might not catch Why risk making a mistake that could cause you to lose some of your hard earned money on free data that could very well have errors in it? It is certainly your call though -- it is your money! If making your buy/sell decisions are based on quality, and dependable data is important to you, then here is who we recommend you consider for your market data needs: Software Data Service Monthly Cost $24.95 USD More Information
MetaStock Pro for Quote Center
MetaStock Pro for eSignal
www.eSignal.com $125.00 USD
MetaStock Pro FX $99.00 USD
1) If you are interested in considering the major differences between Quote Center and eSignal data, please go to:www.QuoteCenter.ca/eSignal.htm 2) It is worth pointing out that this monthly data fee is by data group and these data groups are typically divided by geographical areas (i.e. North American, Asian & European markets). To see how each data package is organized please go to the following websites:
Reuters Data Link Quote Center eSignal
www.FundSoft.com | www.MetaStock.ca Page 9 of 17
Brought to you by FundSoft Information Systems8. Which plug-ins and add-ons should you be looking at buying? Plug-ins (developed by MetaStock) and add-ons (developed by third parties) enhance the functionality of MetaStock by providing you with additional indicators and trading systems. They are organized as follows:
They vary in price from $99 USD up to $629.10 USD with most priced at $269.00 USD. For exact pricing go to: Plug-Ins: www.Metastock.ca/plugins.aspx Add-Ons: www.Metastock.ca/addons.aspx
www.FundSoft.com | www.MetaStock.ca Page 10 of 17
Brought to you by FundSoft Information SystemsPlug-In MatrixWhat Type of Trading: Version of MetaStock Suited For: Trading Timeframe: Skill Level: Stocks, Futures, Options & Forex End-of-Day (EOD), Real-Time (RT) Short-Term (ST), Intermediate (Int), Long-Term (LT) Beginner, Intermediate, Advanced Type S, F MetaStock EOD Timeframe ST, Int, LT Skill Be, Int, Adv
Name (Cost) Bollinger Bands System ($269 USD)
Adapts to a securitys recent movements and uses these movements to evaluate your trade. FX Traders Advantage ($99 USD/month) FX RT ST Int, Adv
Multiple time frame analysis for the Forex market. FXTA gives signals based on several times frames at once. John Murphys Chart Pattern Recognition ($269 USD) S, F, O, FX EOD, RT Int, LT Be, Int, Adv
Identifies 9 popular patterns through scanning the market and understand how to use those patterns. Nisons Candlesticks Unleashed ($269 USD) S, O EOD, RT Int, LT Be, Int, Adv
Uses Steve Nison's favorite candlestick patterns to identify trading opportunities. Performance Systems Plus ($269 USD) S, F, FX EOD, RT ST, Int, LT Be, Int, Adv
Gives 54 additional strategies to test against your tradable instrument to find the most profitable PowerPivots Plus ($269 USD) Looks for market reversals based on market direction MediaSentiment HeadsUp ($99 USD/year) S EOD, RT ST Be, Int S, F EOD, RT ST, Int, LT Int, Adv
Uses market sentiment of earnings reports to give buy/sell decisions. MediaSentiment UpperHand ($99 USD/year) S EOD, RT ST Be, Int
Uses market sentiment of earnings reports to give buy/sell decisions.
www.FundSoft.com | www.MetaStock.ca Page 11 of 17
Brought to you by FundSoft Information SystemsAdd-On MatrixWhat Type of Trading: Version of MetaStock Suited For: Trading Timeframe: Skill Level: Stocks, Futures, Options & Forex End-of-Day (EOD), Real-Time (RT) Short-Term (ST), Intermediate (Int), Long-Term (LT) Beginner, Intermediate, Advanced Type S, F, O, FX MetaStock EOD, RT Timeframe ST, Int, LT Skill Int, Adv
Name (Cost) Adaptive Cycle Toolkit ($359 USD)
Strategies based on the work of John Ehlers. Uses Digital Signal Processing to eliminate whipsaws in the market. Be, S, F, O, AlphOmega Elliot Waves ($269 USD) EOD, RT ST, Int, LT Int, FX Adv An affordable tool that gives you all the power of ElliotWaves. Dr. Elders Trading Room ($269 USD) S, F, O, FX EOD, RT Int, LT Int, Adv
Based on the work of Dr. Elders. This gives you a great insight into the market. ETS Trading System ($269 USD) S, F EOD, RT ST, Int, LT Be, Int, Adv
ETS is a complete trading system with buy and sell entries, protective stops, trailing stops and profit targets. FIRE! By Adaptick ($269 USD) S EOD Int, LT Adv
Broad market analysis that lets you see the market as a whole or create your own custom indexes. Morris Breadth Indicator Toolbox ($134 USD) Broad market analysis ICE! by Adaptick ($269 USD) S, F, O, FX EOD, RT ST, Int, LT Int, Adv S EOD Int, LT Int, Adv
Create a trading system for each security that you are trading. Each system is customized for your security. PowerStrike by John Slauson ($179 USD) Uses 3 unique criteria to identify support and resistance. S, O EOD, RT ST, Int, LT Int, Adv
www.FundSoft.com | www.MetaStock.ca Page 12 of 17
Brought to you by FundSoft Information SystemsAdd-On Matrix (continued .)Name (Cost) Price Headleys Big Trends Toolkit ($449 USD) Type S, O MetaStock EOD, RT Timeframe Int, LT Skill
Be, Int, Adv Gives you Pride Headley's methods to find the trades Now you can use the MetaStock Explorer to apply Price Headleys expertise in identifying trading opportunities. Be, Pristine Method Pattern Scans ($269 USD) S, O EOD, RT Int, LT Int, Adv Uses the Pristine methods to identify trading opportunities and understand the trades. Starting Point by Joe Krutsinger ($359 USD) S,F, FX EOD, RT ST, Int, LT Be, Int, Adv
Starting point is designed for those traders who are new to the market. Tactical Trader Advanced Trading Strategies ($359 USD) S, F, O, FX EOD, RT Int, LT Be, Int, Adv
3 systems in one. These systems give unique ways of looking at the market. Trade Oracle ($629 USD) S, F, O, FX EOD, RT ST, Int, LT Be, Int, Adv
Trade Oracle gives you the probability on the success of a trade and gives you measures to make your decisions by. Bollinger Band Toolkit ($269 USD) S, F, O, FX EOD, RT ST, Int, LT In