• Australian (ASX) Stock Market Forum

MetaStock vs. AmiBroker

Discussion in 'Software and Data' started by nizar, Aug 26, 2006.

  1. nizar

    nizar

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    Hi all,

    im thinking about getting some software at some stage in which i can set my criteria and the software can scan the market for me, and i need a realtime live data feed.

    im wondering what you guys use for software and for live data feed ?

    metastock and amibroker seem to be the most popular softwares and iv heard IRESS is also good. Metastock is about $1,700 and Amibroker $229, is metastock worth the massive premium?

    i also need a program where once i have developed formula for a system, i can backtest it over a certain time period decided by me

    any thoughts/ideas/opinions?

    thanks
     
  2. swingstar

    swingstar

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    Re: MetaStock V AmiBroker

    I compared them a while back, although I'm yet to purchase either one.

    From the research I did, Amibroker doesn't have a live Internet data feed for ASX available. You can only use MarketCast which is streamed via FM radio signal, so if you don't plan on leaving Australia, then Amibroker may work out the cheapest.

    After purchasing, it'll only cost $200 or so a month for live ASX data.

    For MetaStock, I found the most viable option was to just pay $600 a month or so which includes future updates and live ASX and US data. I can't quite remember what the actual cost for live data was, but it takes up most of that $600.
     
  3. Milk Man

    Milk Man

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    Re: MetaStock V AmiBroker

    Anyone know where to get live forex data? My broker is oanda so I need to get as close to theirs as I can.

    And yes dude, you can backtest different timeframes with AB. Even use multiple time parameters in the same backtest. settimeframeinweekly/daily/monthly? something like that.f
     
  4. CanOz

    CanOz Home runs feel good, but base hits pay bills!

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    Re: MetaStock V AmiBroker

    I use Power Etrade. It has live data feed and all the features you need except stock scanning. I am looking for to purchase a stock scanner but in the meantime i subscribe to one offered on this site.

    Power Etrade only costs 79.00 odd dollars per month and any brokerage is taken off this cost. Personally i think for newer traders like myself its a great way to go.

    Let me know who you go with though, as i may change one day when/if i start to do this on a more full time basis.
     
  5. Julia

    Julia In Memoriam

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    Re: MetaStock V AmiBroker

    Do you have a link for the scanner you are subscribing to?

    Thanks

    Julia
     
  6. porkpie324

    porkpie324

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    Re: MetaStock V AmiBroker

    i'm using metastock EOD ver 9.1 bought it in june, its now my 3rd, have been using m/stock for 12 years now, the last version cost me usd $304 inc p&p.not sure where you get the $1700.porkpie
     
  7. porkpie324

    porkpie324

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    Re: MetaStock V AmiBroker

    forgot to add, i use end of day data for metastock and my cfd providor for intraday which can be from 1 min to 1 day,works good for me but its best if you have 2 computors, porkpie
     
  8. wayneL

    wayneL Rotaredom

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    Re: MetaStock V AmiBroker

    I think 1700 would be for the intraday version.

    I have both and prefer Amibroker for a few management reasons. But both are good.

    Ami is obviously better value.
     
  9. nizar

    nizar

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    Re: MetaStock V AmiBroker

    end of day is about $500
    professional edition $1,700

    i got it from the website http://www.metastock.ca/pricing.htm
     
  10. tech/a

    tech/a No Ordinary Duck

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    Re: MetaStock V AmiBroker

    Ever thought of BULLCHARTS live trading package complete with TRADESIM???
     
  11. wayneL

    wayneL Rotaredom

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    Re: MetaStock V AmiBroker

    Link?
     
  12. tech/a

    tech/a No Ordinary Duck

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    Re: MetaStock V AmiBroker

    http://www.bullcharts.com.au/

    I was asked to Trial Bullcharts a few years ago.I was suitably impressed.

    Why am I not using it?
    I already have M/S,Tradesim and Marketcast.

    Like all live software and streaming data it aint cheap,but if your a serious trader you wont be cheap either.
     
  13. CanOz

    CanOz Home runs feel good, but base hits pay bills!

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    Re: MetaStock V AmiBroker

    http://www.stockscan.com.au

    Here you go :)
     
  14. Phantom_Trader

    Phantom_Trader

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    Re: MetaStock V AmiBroker

    I have owned Metastock since version 6 to 9.1 end of day and have always got my data from Paritech. I only trade end of day but I have available to me hourly snapshots I can download. I have found them to be the most reliable. I have tried many over the years but have found it does everything I want it to do and sometimes discover new ways of using it. The mistake many make is that they try to learn all of Metastock at one time but the training CD you get with it now is brilliant. I've never heard of AmiBroker, have heard of OmniTrader but found it was only a cut down version of Metastock using its scanning function. I hope this helps. :)
     
  15. Phoenix

    Phoenix

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    Re: MetaStock V AmiBroker

    It is not a question of which is better its more a question how much time you are willing to spend on it. Metastock is easier to use and the formula language is also more user friendly. I own both and prefer Amibroker because it does not restrict me. Amibroker has a steep learning curve and i'm a programmer so it was easier for me to learn. Hope this helps with your descision. Btw amibroker has a system where you can add your own real time data providers via a plugin called DD.... something its relatively easy to use. Better still trial amibroker before ya make your decision.
     
  16. swingstar

    swingstar

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    Re: MetaStock V AmiBroker

    For those who have used / use AmiBroker, who's a good provider to get historical ASX data from?
     
  17. wayneL

    wayneL Rotaredom

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    Re: MetaStock V AmiBroker

    www.premiumdata.net is good
     
  18. swingstar

    swingstar

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    Re: MetaStock V AmiBroker

    Excellent - thanks.
     
  19. omad

    omad

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    Re: MetaStock V AmiBroker

    Hey Phoenix,

    Do you have a link to the plugin?

    Thanks.
     
  20. Sir Burr

    Sir Burr

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    Re: MetaStock V AmiBroker

    :couch Just had to comment on this.

    I see very little difference comparing what Metastock has in it's formula language compared to Amibroker.

    The language is very similar except for the extra code for displaying charts in Amibroker. Although, with the fairly recent drag and drop chart addition in Amibroker this is as simple as Metastocks charting.

    Like I said what Metastock has, Amibrokers code is almost idential BUT it has much more to offer if you wish to study further.

    In my view, why pay heaps more for Metastock when Amibroker can do the same plus much much more than what Metastock has to offer.

    I guess the only reason Metastock "seems" easier to use is because if comparing the user manuals Metasock is thinner! :)

    SB
     
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