The case for it
What still makes MetaStock worth considering
It runs your strategy, not someone else's. The only system that works long-term is one that fits your risk tolerance, your instruments and your goals. MetaStock's formula language lets you express your own rules as custom indicators, scans and system tests, and the free course on this site teaches you the whole language.
It replaces emotion with criteria. Greed and fear make expensive decisions. A tested rule set does not care how the position feels. The System Tester and Explorer exist so you can buy and sell against evidence rather than hunches: backtest a strategy, then scan the whole market for tonight's candidates.
The toolbox is deep. MetaStock 20 ships with 300+ indicators, 58 built-in expert advisors, the patented Forecaster, free Japanese candle pattern recognition (previously a US$399 add-on) and roughly 49 third-party add-ons if you want to extend it further.
It has outlived nearly everything it competed with. The company began as Equis in the 1980s, spent years inside Thomson Reuters, and now operates independently while keeping the Refinitiv connection through the XENITH news and fundamentals terminal. It has won the Technical Analysis of Stocks & Commodities Readers' Choice award for analysis software many times over. Longevity is not proof it suits you, but it does mean your tool will still exist next year.
