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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?


To: Dr. Stoxx who wrote (7299)5/20/2000 7:05:00 AM
From: smchan  Read Replies (3) | Respond to of 39683
 
TC, I'm very interested in MetaStock as well. I see it's $400 for the regular version and $1500 for the pro version. We need the pro version for realtime monitoring. I see it has built in studies as well as the ability to create your own. And remember the discussion of this feature:

Pager and E-mail Alerts
New in MetaStock Professional 7.0 is the Expert Advisor?s capability to automate pager and e-mail alerts. MetaStock can send these alerts to any capable receiving device?no expensive add-ons required.

MetaStocks supports esignal which costs $150-$175 per month for 500 symbols or $200-$250 per month for 1,000 symbols + exchange fees which are $1/month NYSE, $2/month NASD level 1 (level 2 is $50/month), and $10/month CME (got to have my futures). (Those 500 or 1,000 symbols aren't fixed - it's just the maximum they allow you to monitor at a given time.) The lower of the 2 prices are if prepaid 12 months in advance. esignal also has a 30 day trial (less exchange fees): esignal.com Here's a nice table comparing esignal's various services: esignal.com

Sounds like a nice package. $1500 is a lot of money but beats the monthly charges most folks require, and they do have a 30 day money back guarantee. I might spring for it and if it makes me $1500 in the next month, keep it - otherwise back it goes!

Sam



To: Dr. Stoxx who wrote (7299)5/20/2000 10:09:00 AM
From: CatLady  Read Replies (1) | Respond to of 39683
 
Answering a number of questions in one post ---

TC, I have Metastock Pro. Since I purchased the regular MS a long time ago, the upgrade price to MS Pro wasn't as daunting as an outright purchase seems now.

I use Qcharts/Qfeed for data. Supposedly, at some point Metastock intends to support Qfeed. In the mean time I use something called Metaserver RT to bring data into Metastock. This combination has some significant limitations, if I were setting this up again, I'd probably use Esignal with Metastock instead, but I didn't want to subscribe to two different RT data feeds.

Metastock can do a lot of testing and optimizing, but beware of over-optimizing. Something simple like 5/8 crossovers, which works on many stocks, has a better chance of holding up over time than something too finely tuned.

Yes, Metastock can do alerts via Experts attached to charts, I'm not sure how many charts I can keep running at one time. I'm at the point where I feel I need a faster computer to keep all this charting software going. ( PII333 now )

Up until the last couple of weeks I haven't done much with Metastock realtime, I was using Qformula to give me alerts on a breakout system ( on 30 minute charts ) which worked fantastically well while the market was trending from November until March. Now that it's much choppier, I need to use a different system, that's why I'm looking at your 5/8 stuff.