MetaStock Real Time is a full-featured, professional-level charting program powered by Refinitiv XENITH. The MetaStock Power Tools allow you to scan the market, backtest your strategies, and even reference the advice of experts. The built-in indicators are second to none, but just the beginning for traders who want to write their own with the Indicator Builder. What's more, the customization possibilities in MetaStock are almost endless.
The MetaStock FORECASTER
A New and Unique Way to View Probable Future Prices
Imagine if you had a tool that could paint a more probable, easy-to-read picture of the future? A picture based on patent-pending technology that uses any of 69 event recognizers - or your own custom patterns. A picture that helps you more precisely set profit targets and stops. That’s what you get with the MetaStock FORECASTER, the latest PowerTool available exclusively in MetaStock.
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The FORECASTER plots a “probability cloud” based on your selection of any of 67 event recognizers, or your own custom pattern. It uses advanced mathematics to examine the price action after these events to determine the probable performance of future events.
You can use the FORECASTER to:
- Read a detailed analysis of an event’s past performance
- Get a list of dates on which events had previously occurred
- See the probable out come of current events
- Discover which events a security reacts best to
- Draw you own custom patterns for recognition analysis
- And more.
The FORECASTER offers new ways to analyze trading signals and provides insight to future performance.
The MetaStock Explorer
Scan the Markets to Find Winning Securities
There are thousands of stocks, currencies, options, and futures out there. Moreover, there are hundreds of indicators and systems you might want to use to trade them. How do you even begin to sort through the possibilities? How do you find the winners? That's where the MetaStock Explorer comes in. Now you can use YOUR criteria to scan a universe of securities to find the ones that fit YOUR strategy.
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Here are some examples of possible scans:
- Discover which securities have generated a buy or sell signal based on your custom criteria
- Find the securities that have just crossed above their 200-day moving average
- Generate a performance report of all your mutual funds
- Discover the securities which ranked highest by Wilders RSI
- Generate a list of securities that are above their 10-week moving average, with a stochastic of 80 or higher
The list of possible scans is almost endless. Not only does this save countless hours of sorting and sifting, but it allows you to do things you simply could not do otherwise.
The MetaStock Expert Advisor
Consult the Experts
The MetaStock Expert Advisor gives you the input of industry professionals when and where you need it. Display the industry's most popular systems and charting styles with the click of a mouse. Need more info? Choose the commentary screen for specific information about the security you are charting. For example, you can learn:"What is a MACD and where should the buy and sell signals occur on the chart?" You can even create your own system using the easy-to-learn MetaStock formula language.
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Expert Alerts – keep you in touch with current trading conditions. Use simple price and volume alerts or complex indicator triggers and multiple condition alerts.
Expert Commentary – shows you in great detail how your expert assesses the chart you are viewing. Is it a buy, sell, or hold situation? If so... Why? You get insight gained through years of research and real-world trading.
Expert Symbols and Trends – Buy and sell arrows, text, or any other symbols in the MetaStock palette automatically flag special conditions, according to your criteria.
The Enhanced System Tester
Test Your Trading Ideas
With The Enhanced System Tester, create, back-test, compare, and perfect your strategies before you risk any of your money in the markets. System testing helps answer the question, "If I had traded this security using these trading rules, how much money would I have made or lost?" The surest way to increase your confidence in a trading system is to test it historically. The Enhanced System Tester lets you take a group of stocks and compare them to a group of trading systems to find the best scenario.
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Designed to simulate real trading scenarios, the Enhanced System Tester allows you to change variables such as entry, exit, order sizes, commissions, and more. This tool gives you incredible customization, comprehensive results, and detailed reports so that you can find the most historically successful trading scenario.
The Enhanced System Tester gives you the power to take huge amounts of past data and use it to analyze and predict what trading systems will be the most profitable.
MetaStock Sets the Standard in Charting
MetaStock gives you nine of the most widely-used price charting styles:
Page Layouts help you save time and stay organized. Save all of your on-screen charts together like pages in a book. So whenever you open your layout, the same securities appear.
Templates also save you time by applying the same set of indicators and studies to different securities. Rotate through different securities while keeping the same indicators and line studies on the screen.
Built-in toolbars let you easily refresh data, change periodicity, rescale the Y-Axis, zoom in & out, choose "previous" or "next security" in the open folder, and choose a security to open.
The Object Oriented Interface allows you to click on an object and get an instant menu for that item. The Click and Pick/Drag and Drop features let you drag price plots, indicators, text, and lines from one chart to another.
Indicators & Trading Systems
MetaStock Indicators | View the complete list
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.
42 Adaptive Indicators
Standard indicators use a fixed look-back period, which makes them less responsive to prevailing market conditions. MetaStock incorporates 42 Adaptive Indicators with dynamic look-back functionality based on volatility, cycle, or a combination of both. This method provides the most responsive and accurate results.
Write your own system
MetaStock knows that many of our clients have their own ideas about what makes a great system. The MetaStock formula language is easy to learn and allows you to create just about any system you can think of. Not into programming? Tell us what you want and we'll do it for a nominal fee.Find out more about custom formula requests.
The best trading systems will fall short without a good exit strategy. MetaStock stop indicators help your system know when it's time to get out of the trade:
- Intellistops- these self-adjusting trailing stops do away with the old static stop systems, which are set at a fixed percentage from price. Intellistops are adaptive and adjust dynamically based on the current price activity of the security. Intellistops adjust according to cycles, volatility, and other conditions.
- Chandelier Stops- As the name indicates, Chandelier stops "hang" the sell stop from the extreme high reached over a predetermined period. When used properly, in tandem with other trading systems, Chandelier stops have been shown to produce profits even with randomly selected entries on a diversified group of futures.
The RMO System | Watch the Video
This revolutionary trend-based system was developed by Rahul Mohindar. It incorporates a three-step indicator triggered by the Rahul Mohindar Oscillator and has become one of the most popular systems in MetaStock for its ease of use and reliability.
The Performance Systems
Trade at a higher level of confidence and expertise than you ever thought possible with the 26 trading systems included in MetaStock. Chosen after countless hours of intensive testing and rigorous research, these systems have a highly successful track record of profitable results.
We added state-of-the-art exploration tools to 10 of these systems. These explorations perform system testing - on not just one security - but over an entire database of securities. Plus, you'll get buy/hold vs. buy/sell comparisons, and buy/sell alerts to further assure your trade has the highest probability of success.
"Systematic trading has dramatically improved my returns and drawdowns. I'm easily beating the indexes and not taking an inordinate amount of risk. Prior to MetaStock, I tried one trading concept after another, and was essentially break-even – not without many gut wrenching moments though. Trading is now objective and simple for me. I just follow the signals, and through extensive back-testing, I have confidence that my system will be highly profitable in the future."
- Kevin Campbell
To see more of what our customers have to say about MetaStock, click this link to ourTestimonials.