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Strategies & Market Trends : Befriend the Trend Trading
SPY 677.48+0.3%Nov 5 4:00 PM EST

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To: Dr. Stoxx who wrote (6329)2/21/2000 3:42:00 PM
From: MartinF  Read Replies (1) of 39683
 
Hi all,

I received an e-mail from a gentleman who isn't a member of SI concerning my questions with BE and MetaStock, I thought it was interesting, so if you don't mind, I'll post it here. He made one point that interested the cheapskate in me: you can use quote export functions in BE to feed your MetaStock, thereby avoiding paying monthly charges for an EOD services. Of course, this would apply only for your personal watch list.


(...)

First - I am using MetaStock 15 months now. Together with OmniTrader from Nirvana Systems www.nirv.com

Since 2 weeks or so I am using also BE and find it a great tool for screening.

You cannot compare MS with BE. It's a completely different approach. MS 6.5 is a professional charting and TA tool, which offers a bunch of indicators, line studies etc. You know that possibly from www.equis.com Homepage of MS.
However, you cannot screen for fundamental data with MS. But you can screen your Metastock-datafiles for a variety of pre-set technical conditions. You can also develop your own indicators and trading systems and test them against any stock in your database. But this takes much longer than with BE.

The charting is superb, and MS offers also a seemless Internet-connection for research and DD on the stocks you're looking at.

You can use BE's function "historical-data export" for exporting your watchlist data in a *csv file in the exportfolder of the BE program.

You can than use MetaStocks Downloader program ( included in MS 6.5 ) and convert the *csv files into MetaStock data.
Depending on the size of your watchlist, this operation takes only a few minutes daily work. So you don't need any other EOD data provider.

If you wwant to know more about how I use both programs + Stockquest 2.3 from marketguide + Omnitrader, just let me know.

(...)
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