Tradestation or Metastock

Quote from Sam Mcgee:




I was starting to look now at Ensign Software as well. It would be more expensive initially at $40 a month. I have Tradestation 2000i already but once it became outdated I would have to subscribe to newer versions for $200 a month. I was reading that Easylanguage is really not that easy and I'm not able to register with Tradestation so I can't access the user forums for information.

I've found some things about Ensign a little buggy. However last week I found a bug with the beta version of Ensign for IB. I wrote them and that same day they issued a new version with a fix for the bug.

I've also read that ESPL from Ensign is similar to some other popular programming languages whereas Easylanguage is a language by itself. So what you learn with Easylanguage can only be used with Tradestation.

Metastock looks good but I don't see very much at all about using it for automated trading. I've read about people using Ensign with Futures Trader, Ninja Trader and Bracket Trader for automated trading.

Before I spend months learning to program I want to make sure that I make the best choice for software. I'm leaning more and more towards Ensign.
More...

You can learn easy language and use tradestation only.
why are you afraid about future? Tradestaion is a solid
company, they just spend 10 times more their year earning
on development expenses every year, that means these
people will be around for years and their software get btter
day by day.

I were deciding for 3 monthes on which software go for and
came to conclustion:

-Software that has best charting features
-software that has easiest lanugage to learn and
can be converted to creat most strategies
-software can can be automated and scaned, orders
could be send to IB.
-has it's own brokerage and feed, and cheap commision
-Financialy strong and has lot of resources and 3rd party
support.

That can be tradestation only.
 
Quote from pspr:

I can only say that Metastock is much easier to write code for but doesn't have near the power of the TradeStation 2000i Easy Language. You can use other programming languages by writing in a dll for Metastock, however.
More...

Hi pspr,

Did you write any dll's yet for Metastock? I threw out Metastock some years ago because of the incredible hassle and redtape involved to get at the necessary software allowing you to do this. In fact you would be the first person I heard of doing this, 3-rd party vendors excepted of course.

Be good,

nononsense
 
"Stay away from Investor RT, you will spend more time managing your database then you will viewing charts. "

Hmm I use IRT and have done for over 2 years.. NO problems with database and very easy to program.. if you know simple logic that's all you need..

Perhaps you have problems with simple logic..:-)
 
Quote from nononsense:



Hi pspr,

Did you write any dll's yet for Metastock? I threw out Metastock some years ago because of the incredible hassle and redtape involved to get at the necessary software allowing you to do this. In fact you would be the first person I heard of doing this, 3-rd party vendors excepted of course.

Be good,

nononsense
More...

nonon,

No, I leave such things for others to do. However, I do find the ease of the regular language in Metastock right up my ally for the simple things I do, including using indicators where others have written the dll's.

Wally
 
IB is an excellent data feed for TradeStation. If your system can handle a bad tick and keep on ticking, give ts and ib a try. Btw, I don't know of any method that will work right, unattended. Are you in the office while the system is running or will you be away?


Quote from Sam Mcgee:



I would use Interactive Brokers data to feed either Tradestation or Metastock. I have that set up to work with Hyperserver:
http://www.hypertrader.it
A couple of bad ticks would throw my system off yes but I haven't seen many problems with the feed from IB.

I was starting to look now at Ensign Software as well. It would be more expensive initially at $40 a month. I have Tradestation 2000i already but once it became outdated I would have to subscribe to newer versions for $200 a month. I was reading that Easylanguage is really not that easy and I'm not able to register with Tradestation so I can't access the user forums for information.

I've found some things about Ensign a little buggy. However last week I found a bug with the beta version of Ensign for IB. I wrote them and that same day they issued a new version with a fix for the bug.

I've also read that ESPL from Ensign is similar to some other popular programming languages whereas Easylanguage is a language by itself. So what you learn with Easylanguage can only be used with Tradestation.

Metastock looks good but I don't see very much at all about using it for automated trading. I've read about people using Ensign with Futures Trader, Ninja Trader and Bracket Trader for automated trading.

Before I spend months learning to program I want to make sure that I make the best choice for software. I'm leaning more and more towards Ensign.
More...
 
The only way to automate Metastock via the alerts from its Experts and send orders to NinjaTrader would be to use a macro to send an order file to the NT folder.

You could do this with www.macros.com ,Macro Express. I have done it this way, but in simulation mode you are limited to one order at a time.....no multiple orders.

TSim+ is another possibility which does the same thing as NT. It will accept multiple orders. www.tradingsimulation.com

Developing an Expert in MS can be simple or very difficult depending upon whether you need to monitor stops/targets via MS. If you send stops/targets with the order then it is easy.

Bob
 
Metastock is such shit it's remarkable. I'm using it for RT charting and just making simple time changes causes grief. It's obvious whoever wrote that app hasn't a friggin' clue as to what the user wants or needs.
 
You must log in or register to reply here.
Back
Top