MetaStock 11 for End-of-Day Traders – Professional Financial Charting Software – Review

MetaStock 11 professional charting software, stock, etf, index, fx
MetaStock End-of-Day is made for the swing, mid-term or long term trader who doesn’t need up to the second or minute stock, currency, index or commodity quotes. Rather MetaStock End of Day is for doing analysis on price action after the market has closed. For real-time traders they need to look over MetaStock Pro and MetaStock Pro FX.

Doesn’t matter if you are an experienced active trader or a beginner trader, this market instrument charting software (MetaStock)can help steer you on the right path. There are plenty of analysis tools or studies to help you can informed decisions about what and when to buy and sell, hopefully resulting in a profitable trades.

A great feature of the MetaStock charting software is that it comes standard with lots out-of-the box trading formulas and indicators that are again point out when to buy and sell, whether these formulas and indicators are reliable will depend on some extensive backtesting, however they are fairly easy to use. In MetaStock you will be able to customize and tweak these formulas hone it to your trading style.

You can also save all your favorite indicators and applied formulas as a Template, so that you can apply the Template to more than one financial instrument. It saves a lot of time when it comes to analysis.

Metastock is a investment instrument charting software so it really does not matter what you trade. You could trade stocks, bonds, mutual funds, futures, commodities, FOREX, or indices, MetaStock will have no problem displaying the graphs for these instruments. As long as you can get a quote for the instrument MetaStock can display them. There are lots of paid End-of-Day (EOD) data providers out, basically you pay monthly and at the end of each trading day you go and download the data for your financial instrument and import it into your MetaStock charting software. There is also ways to download free EOD data from Yahoo Finance, but you will need to re-format it and then convert it using the MetaStock Downloader to be able to use it with MetaStock. After you get the data in, the you can apply the tools, indicator and studies to be able to analyze the charts with better understanding of which way the charts may turn.

A thing to note that even the most amazing charting program is only as good as the data you input into it, so when you purchase this software there is the optional Reuters DataLink end-of-day data feed is available from Thomson Reuters who is the world’s largest provider of financial data. In addition, the charting program and studies are only good and profitable when you interpret it properly and that takes some education in technical analysis.

If you just installed the MetaStock and started inserting indicators and studies which has visual “buy” and “sell” indicators, and you bought and sold based on that alone, well you might do well a few times, but it will not be full proof. Reason is that these don’t work all the time and in all types of markets or instruments and they give false positives as well. So, a little education in technical analysis can help you make better decisions when it comes to false positives and what to do with them.

Unfortunately, MetaStock 11 End-of-Day charting software only runs on Microsoft Windows based PC at this time, so Mac OS X users are out of luck…maybe they will come out with a Mac OS X version in the future.

Below are some marketing fluff.

Benefits:

MetaStock offers many benefits to traders regardless of their experience level:
Develop a trading system that’s right for you

You need a systematic, objective plan to make the best possible decisions. A system based off your own personal strategies, your tolerance for risk, the instruments that you trade, and your goals.
Start trading with your head, not your heart

Emotions like greed and fear have no place in successful trading. Spur-of-the moment decisions are not as reliable as decisions based on set criteria and reliable analysis. MetaStock gives you this—a trusted system so that you can objectively engage in buying and selling in the markets.
Spend more time trading and less time struggling with your software

Many of the software packages available today are so difficult to understand that it takes months to be up and running. MetaStock, however, is known for its intuitive interface, easy to use tools, and an exceptional built-in Help system.
Get the confidence you need to be a successful trader

MetaStock gives you confidence and an advantage over other traders in the marketplace. Success in the markets = profits, and 84% of our customers report that they have been successful in the markets using MetaStock software.
Trade with the industry leader

MetaStock has been creating powerful financial graphics & technical analysis software since the early 1980’s and we currently have thousands of clients all over the world. Because of our elite position in the individual investor marketplace, MetaStock was acquired by Thomson Reuters—the world’s premier information provider.
Use the same tools as the pros

MetaStock is an integral part of the Thomson Reuters product line and is used by money managers & institutional traders across the globe. So with MetaStock, you have access to the same tools that financial professionals trust to make their trading decisions.
Get professional support when and where you need it

MetaStock offers excellent support tools—whether you prefer to call our free support line, chat with a rep over instant message, browse our FAQ’s on the web, or visit our Forum, you’ll find the answers to your questions quickly and conveniently.
Trade with a proven winner

MetaStock is the among best selling investment analysis software in the world — it’s the 17-time winner of Technical Analysis of Stocks and Commodities Magazineâ„¢ Readers’ Choice Award for best analysis software.

Features:

Learn how to make better trades with these great new features in MetaStock 11: 5 new name brand systems, 43 new adaptive indicators, 6 new RMO alerts, 2 new stops, 17 new indicators, 4 new FOREX currency pair systems, and new features designed for FX trading.

Basic Charting – MetaStock Sets the Standard in Charting

No other software in the market gives you sharper, more revealing charts than MetaStock. MetaStock gives you nine of the most widely-used price charting styles:

Analysis Tools – The Explorerâ„¢ – Scan the Markets to Find Winning Securities

Finding profitable trading opportunities starts with scanning the markets for securities that meet your criteria. With how vast the markets are, this is an overwhelming and next to impossible task on your own. However, MetaStock’s built-in search tool, The Explorer, makes it quick and simple.

Indicators & Trading Systems – MetaStock’s Indicators

Analyze the market with the insight of the most respected traders in history with MetaStock’s comprehensive collection of indicators and line studies—over 150 are included. MetaStock’s built-in indicator interpretations even help you understand how to trade each indicator. For advanced users, The Indicator Builder lets you write your own indicators.

MetaStock Indicator Listing (seperated by space)

Accumulation/Distribution Accumulation Swing Index Adaptive Moving Average
Advance Decline Line Alpha Andrews Pitchfork
Arms Index (TRIN) Aroon Average True Range
Beta Binary Wave (5) Bollinger Bands
Bull Power Bear Power 1 Bull Power Bear Power 2 Bull Power Bear Power 3
Commodity Channel Index Chaikin A/D Oscillator Chaikin Money Flow
Chaikin Volatility Chande Forecast Oscillator Chande Momentum Oscillator
CMO Reversal Commodity Channel Index Commodity Selection Index
Consolidation Breakout Cooper 1234 Pattern Correlation Analysis
Cycle Lines Cycle Progression Dema
Demand Index Detrended Price Oscillator Directional Movement (5)
Dynamic Momentum Index Dynamic Momentum Index 1 Ease of Movement
Ellipse Envelope Equidistant Channel Line
Exponential Moving Average Fibonacci Arcs Fibonacci Fans
Fibonacci Retracements Fibonacci Time Zones Forecast Oscillator
Fourier Transform Fractal Trading System 1 Fractal Trading System 2
Gann Angles Gann Fans Gann Grids
Gann Line Herrick Payoff Index Horizontal Line
Ichimoku Kinko Intraday Momentum Klinger Oscillator
Linear Regression Linear Regression Lines Linear Regression Slope
Long Sell Short Sale – 5 Day MACD (2) MACD Histogram 1
MACD Histogram 2 Market Facilitation Index McClellan Oscillator
McClellan Summation Index Meisels Overbought/Oversold Median Price
MESA Sine Wave/td> Momentum Money Flow Index
Moving Average – Simple Moving Average – Exponential Moving Average – Weighted
Moving Average – Time Series Moving Average – Triangular Moving Average – Ribbon
Moving Average – Variable Moving Average – Volume Adjusted Negative Volume Index
Odds Probability Cones On Balance Volume Open Interest
Option Delta Option Expiration Option Gamma
Option Life Option Price Option Theta
Option Vega Option Volatility Parabolic SAR
Pattern Trading System 1 Percent Retracement Percentage Crossover 3%
Performance Polarized Fractal Efficiency Positive Volume Index
Price Oscillator Projection Price Bands Channel Projection Oscillator
Projection Oscillator 1 Qstick Quadrant Lines
r-squared Raff Regression Channel Rainbow Band Upper
Rainbow Band Lower Rainbow Max Rainbow Min
Rainbow Oscillator Random Walk Index Range Indicator
Rectangle Relative Momentum Index Relative Performance
Relative Strength Index Relative Volatility Index Semi-Log Trendline
Sine Wave 5-unit Standing Speed Resistance Lines Spread
Standard Deviation Standard Error StochRSI
Stochastic Momentum Index Stochastic Oscillator Squat Bar
Swing Index Tema Time Series Forecast
Tirone Levels Trade Volume Index Trendlines
Trendline by Angle TRIX Typical Price
Ultimate Oscillator Vertical Horizontal Filter Vertical Line
Volatility Breakout (Chaikin) Volatility Indicators (3) Volume
Volume Oscillator Volume Rate of Change Weighted Close
Wilder’s Smoothing Williams’ A/D, %R Zig Zag

Price: $499

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