MetaStock Review

Metastock Review 2024

7 min read

Metastock Review: The first thing we can tell you about this company is its consistency. They’ve stood the test of time. It all began in 1982 when Steve Achelis realized the vast potential of using a PC to analyze stocks. Reminds me of another Steve (Jobs!). As an active trader, he developed and marketed MetaStock, which immediately began winning awards immediately. Subsequently, the company has grown to become a leader in the development of trading software. The reason is clear – the platform does a lot in one package.

Metastock Website Review

Metastock Trader is a good service that offers a vast news feed service in addition to its state-of-the-art software. Talking about software, they offer one of the largest selections of software options and features that I’ve seen. They’re equipped to meet the needs of every type of trader, from beginners and financial advisers to brokers. You can trade stocks, commodities, futures, Forex, bonds, mutual funds, and indices.

Real-time and End-of-day traders’ needs are met. The charting software comes in two main versions: real-time and ‘end of the day.’ In addition, the company offers data packages, add-ons, and training.

MetaStock comes with all the bells and whistles. You get a wide array of chart types, over 275 indicators, and multiple drawing tools. The scanning possibilities with the Explorer tool are virtually limitless due to the sheer amount of data available for filtering. They thought of everything with this platform, and it doesn’t disappoint.

In addition, they offer 18-line studies, watch lists, automated alerts, and comprehensive news feeds. Not only does MetaStock’s System Tester provide powerful backtesting capabilities, but with the Forecaster, you can do forecasting. This is a HUGE feature. And one that I have not seen elsewhere in my travels. Stock price forecasting is essential to a trader’s edge. Without the ability to forecast a trade, would anyone besides gamblers trade? Probably not; we’d invest and let things compound. (boring, but it works!)

MetaStock R/T (Real Time) Review

This version is for you if you’re a day trader or require intra-day data. The software lets you execute your trades in real time throughout the trading day. Furthermore, state-of-the-art analysis tools make a powerful combination when used in tandem with their streaming data service. The real-time data is FAST thanks to a quality data feed with no delays. More on that below.

MetaStock D/C (End of Day) Review

The best traders don’t stop working after the markets close. They continue to run analyses and plan their upcoming strategies. Therefore, MetaStock offers an end-of-day version designed for swing and position traders. Note that this version cannot be used for real-time trading, but it’s a great analytic tool. For swing trading, this is the one you want!

COMPANY
Trade Ideas Logo Barchart Logo Finviz Logo
DESCRIPTION Trade Ideas provides powerful tools like real-time market scanning, AI-driven trade signals, customizable alerts, advanced charting capabilities, and time-saving data visualization Barchart.com is the leading provider of real-time or delayed intraday stock and commodities charts and quotes. Track and analyze your investments and keep tabs on your portfolio FinViz is an online stock screening, research, and visualization platform that offers various trading tools on a single platform. Solid scanner for traders or investors
HIGHLIGHTS

Data

This MetaStock review shows that data is sold separately in two different versions. Both versions of Refinitiv data integrate seamlessly with their intended charting platforms.

Refinitiv XENITH for MetaStock R/T provides real-time data, news, analytics, fundamentals, and economic reporting. Also, the streaming data is available in any time frame, like tick, intraday, daily, weekly, and more. Furthermore, I want to point out that the news feeds are unparalleled, placing a wealth of information at your fingertips.

Refinitiv DataLink for MetaStock D/C offers data from around the world, and historical data is automatically included. The data history for North America starts in 1980 for equities, mutual funds, and indices and goes back even further for futures.

Additionally, international data is provided going back at least five years. There’s no restriction on the number of symbols users can download, and symbols are easily searchable.

Broker Hooks and Exchanges

Metastock might be able to hook into your broker! It depends on which you are using, but Interactive Brokers, for example, can interface with your Metastock platform. This is perfect for placing trades seamlessly and easily while using the software to scout out your soon-to-be position. Also, Metastock works just above every exchange on the planet! Look at the list for yourself and check if your country’s exchange is supported.

Add-Ons

MetaStock offers 49 third-party addons, enabling even more advanced analysis capabilities. Leading experts in trading created these plug-ins so that you could take advantage of their strategies.

For instance, many addons provide buy and sell signals or may include custom indicators. It depends on the particular addon you choose. The Bullish Bears are planning on developing a custom addon in the future!

SERVICES
Trading Rooms Stock Signals and Trading Alerts Stock Watch Lists
DESCRIPTION Bullish Bears offer trade rooms in our Discord. Our chat rooms include penny stocks, large caps, options, and futures We offer stock signals and trade alerts through our watch lists and Discord bots using Tradytics Swing trade and day trade watch lists with hand-picked symbols that have the best chance of breakouts. These are stocks to watch
INCLUDED

What Does Metastock Trader Service Cost? (Pricing Review)

  1. MetaStock R/T goes for $100.00 /mo, and you will need a Xenith subscription or can be owned for $1395.00 with a separate Xenith subscription.
  2. Meanwhile, MetaStock D/C goes for $69 /mo., $745 /yr., or can be owned for $499.
  3. Currently, a free one-month trial is available for any Metastock product.

As of this writing, each platform has three pricing options: monthly subscription, annual subscription, or buy it outright. The software works on PCs, but many ask if MetaStock exists for Macs. The answer is there’s no official Mac version. However, many users have found they can use it with few issues on the newer Macs with the Intel processor.

They claim they get the best results by using an application called Boot Camp. However, there are no guarantees that MetaStock will work flawlessly on the Mac.

MetaStock Stock Price and Symbol: Are They Publicly Traded?

Investors cannot purchase shares of MetaStock because the company is privately held.

Final Thoughts: Metastock Review

Of course, MetaStock is not without competition. MetaTrader, eSignal, NinjaTrader, MultiCharts, TradingView, and TC2000 are among the more known alternatives. All of them are good programs. MetaStock may be all you need if you’re looking for software that can scan, analyze, test results, and even forecast.

However, we always recommend that you try first, and the good news is that you can do just that with the MetaStock 30-day trialScanning for stocks to trade and planning your trades are crucial steps if you want to trade like a pro.

MetaStock may help you make better trading decisions. However, to truly become an expert, you’ll need training. You’ll need mentors. You’ll need practice.

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FREE ONLINE TRADING COURSES

If you’ve looked for trading education elsewhere then you’ll notice that it can be very costly.

We are opposed to charging ridiculous amounts to access experience and quality information. 

That being said, our website is a great resource for traders or investors of all levels to learn about day trading stocks, futures, and options. Swing trading too! 

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Invest the proper time into your Trading Education and don’t try to run before you learn to crawl. Trading stocks is not a get-rich-quick scheme. It’s not gambling either, though there are people who treat it this way. Don’t be that person! 

STOCK TRADING COURSES FOR BEGINNERS

The Bullish Bears team focuses on keeping things as simple as possible in our online trading courses and chat rooms. We provide our members with courses of all different trading levels and topics.

If you’re a beginner, intermediate level, or looking for expert trading knowledge…we’ve got you covered. 

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Just choose the course level that you’re most interested in and get started on the right path now. Become a leader, not a follower. When you’re ready you can join our chat rooms and access our Next Level training library. No rush. We’re here to help.

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