MetaStock
MetaStock is a sophisticated charting and analysis software designed for traders who want to conduct thorough market analysis and make informed trading decisions. It offers real-time data, extensive charting options, and powerful analytical tools. The platform caters to various types of traders, providing end-of-day data for those who plan their trades after market hours and real-time data for day traders who require up-to-the-minute information. MetaStock’s suite of tools includes customizable charts, a vast array of technical indicators, and the ability to backtest trading strategies.
MetaStock Facts
Starting Price: Free
Pricing Model: Per Month
Free Trial: Yes
Free Plan: Not Available
Languages: English
Established: 1985
What is MetaStock?
MetaStock is a premier trading and analysis software that has been aiding traders in navigating the complexities of the financial markets since 1985. It stands out with its robust set of features tailored to both novice and experienced traders. The platform’s core strengths lie in its advanced charting capabilities, real-time market data, and a plethora of technical analysis tools. MetaStock facilitates a methodical approach to trading, offering systems that help identify trading opportunities based on predefined or custom criteria. With its latest iteration, MetaStock continues to integrate user feedback, enhancing its interface and expanding its analytical tools to provide a comprehensive trading solution.
How Does MetaStock Work?
MetaStock operates as a comprehensive trading companion, providing users with the tools to analyze financial markets and execute trades based on solid data and analysis. It works by aggregating real-time market data, which traders can view through customizable charts and apply over 300 technical indicators to uncover trading signals. The software’s power lies in its ability to perform backtesting of trading strategies, allowing traders to simulate trades with historical data before risking actual capital. Additionally, MetaStock offers a feature called The Explorer, which scans the market for securities that match a user’s criteria, and the Expert Advisor, which provides buy or sell signals based on the chosen strategy. For those interested in options, MetaStock includes tools for option analysis, ensuring traders have a comprehensive set of resources for various trading instruments.
MetaStock Features
Advanced Charting Tools
MetaStock’s advanced charting tools allow traders to visualize market trends and patterns with precision, offering customizable charts that can be tailored to individual trading strategies and preferences.
Real-Time Market Data
The platform provides real-time market data, ensuring traders have access to the latest price movements, which is crucial for making timely and informed trading decisions.
Technical Analysis Indicators
With over 300 technical analysis indicators, MetaStock empowers traders to conduct thorough market analysis, identifying potential buy and sell signals based on statistical data.
Strategy Backtesting
MetaStock enables traders to backtest their trading strategies using historical data, providing insights into the effectiveness of a strategy before it is applied in real market conditions.
The Explorer
The Explorer tool scans the market for securities that match specific criteria set by the trader, streamlining the process of identifying potential trading opportunities.
Expert Advisor
The Expert Advisor offers real-time buy or sell signals based on the analysis of technical indicators, assisting traders in making decisions with the support of expert guidance.
MetaStock Pricing Plan
MetaStock offers 3 pricing plans:
Standard Plan: This plan is designed for beginners and provides access to basic charting tools, end-of-day market data, and a selection of technical indicators. It’s perfect for those who are new to trading and looking to get a solid start without overwhelming complexity. The price for this plan is $59 per month, with an annual option available at $565, offering a saving for long-term users.
Professional Plan: Aimed at experienced traders, this plan includes everything in the Standard Plan plus real-time data, additional technical indicators, and the ability to backtest strategies. It also offers access to The Explorer and Expert Advisor tools for advanced market analysis and trading insights. The Professional Plan is priced at $99 per month, with an annual subscription option at $950.
Ultimate Plan: The Ultimate Plan is the most comprehensive, catering to professional traders and institutions. It includes all features of the Professional Plan, along with exclusive access to advanced analytical tools, priority customer support, and customized data solutions tailored to professional trading operations. This plan is available for $249 per month, with an annual pricing option at $2390.
MetaStock accepts credit cards, PayPal, and bank wire transfers for payment.
Who Should Use MetaStock?
MetaStock is a versatile trading platform suitable for a wide range of users, from beginners taking their first steps in the trading world to experienced professionals seeking advanced analytical tools. It’s particularly beneficial for traders who rely on technical analysis and require real-time data to make informed decisions. The platform’s comprehensive suite of tools, including charting capabilities, technical indicators, and strategy backtesting, makes it an ideal choice for day traders, swing traders, and long-term investors alike. Additionally, financial analysts and portfolio managers can leverage MetaStock’s advanced features for market research and strategy development.
MetaStock FAQs
What types of traders is MetaStock designed for?
MetaStock caters to a broad spectrum of traders, including day traders, swing traders, and end-of-day traders. Its comprehensive suite of tools and data is suitable for trading stocks, options, futures, and FOREX, making it a versatile choice for individuals at all levels of trading experience, from beginners to seasoned professionals.
Can MetaStock be used for technical analysis?
Absolutely. MetaStock is built with a strong focus on technical analysis, offering over 300 technical indicators and tools. Traders can utilize these to analyze market trends, identify trading opportunities, and develop strategies based on historical and real-time data.
Does MetaStock offer real-time market data?
Yes, MetaStock provides real-time market data, which is essential for traders who need up-to-the-minute information to make informed trading decisions. This feature is particularly beneficial for day traders and those trading on short time frames.
Can I backtest trading strategies with MetaStock?
MetaStock allows traders to backtest their trading strategies using historical data. This feature is invaluable for assessing the viability of a strategy before applying it in live trading scenarios, helping to minimize risk and improve strategy effectiveness.
What is The Explorer in MetaStock?
The Explorer is a powerful tool within MetaStock that enables traders to scan the market for securities that meet specific criteria. This feature simplifies the process of identifying potential trading opportunities by filtering through vast amounts of market data.
How does the Expert Advisor feature work?
The Expert Advisor provides real-time buy or sell signals based on the analysis of technical indicators. It acts as a guide, offering insights and recommendations to traders based on predefined or custom strategies, aiding in decision-making processes.
Is there a free trial available for MetaStock?
Yes, MetaStock offers a free trial, allowing potential users to explore the platform’s features and capabilities before committing to a subscription. This trial is a great way to determine if MetaStock meets your trading needs and preferences.
What languages does MetaStock support?
Currently, MetaStock supports English, catering to a wide audience of English-speaking traders worldwide. This ensures that a vast majority of traders can navigate and utilize the platform effectively.
Conclusion
MetaStock stands out as a comprehensive trading platform that offers a wide range of tools and features designed to meet the needs of various types of traders. With its focus on technical analysis, real-time data, and the ability to backtest strategies, MetaStock provides traders with the resources they need to analyze the markets and make informed decisions. Whether you’re a beginner or a seasoned trader, MetaStock offers a solution to help you navigate the complexities of trading with confidence.