Forex Trading Software

Friday 30th of July 2010

Home Charting & Analysis MetaStock™ Professional FX
MetaStock™ Professional FX

MetaStock MetaStock Pro FX is specifically designed for traders who focus on the foreign exchange (also known as FOREX or FX) market—where the world’s currencies are traded. MetaStock is software program that is designed to help you make better decisions about when to buy and sell in the stock, FOREX, futures and commodities markets.

System requirements: PDA, Windows Vista (32 bit), XP (32 bit, Service Pack 1 or higher)

Developers: Equis International, a Thomson Reuters company.
Brokerage companies: Interbank or COESfx

 

MetaStock Pro FX

MetaStock 10 offers incredible new features:

  • New RMO Trading System– developed by famed trader Rahul Mohindar, this new system has taken Asia by storm
  • Customizable Time Intervals– set your interval to any time frame you like (for real-time traders only)
  • Fibonacci Projections– use this amazing new line tool to help you exit a trade
  • Resizable Windows– especially useful with the Explorer feature
  • Dynamic Trend Profile Integration– launch Dynamic Trend Profile from within MetaStock and automatically set up line study
  • And more – increased tabs on the explorer window, new FOREX layouts, and last trade marker for a base security

‡ Requires additional subscription

 

Features Designed for FX Trading

  • Symbol database of the FOREX currency pairs
  • 17 FOREX tailored layouts of the most popular pairs
  • Place your trade from MetaStock using either Interbank or COESfx
  • Systems, charts and layouts specifically designed for the FOREX trader

 

The FX Pattern System

Composed of a Template and an Expert, this is a very popular system with many FOREX traders. It combines Bollinger Bands, Standard Error Bands and a Stochastic Oscillator in a way that reveals FX specific buy and sell signals. Many FOREX traders use this methodology as part of their analysis strategy.

The FX Keltner Systems

Keltner Channels are recognized as a proven tool for analyzing the FOREX markets by many FOREX traders. These new systems give you two different ways to use Keltner Channels in your analysis.

Basic Charting

MetaStock Sets the Standard in Charting

No other software in the market gives you sharper, more revealing charts than MetaStock. MetaStock gives you nine of the most widely-used price charting styles:


Bars

Line

Candlesticks

Point & Figure

Kagi

Renko

Three-Line Break

Equivolume

Candlevolume

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. MetaStock is the only technical analysis program with a complete Object Oriented Interface. The Click and Pick/Drag and Drop features let you drag price plots, indicators, text, and lines from one chart to another.

Analysis Tools

The ExplorerTM - Scan the Markets to Find Winning Currencies

Finding profitable trading opportunities starts with scanning the markets for currencies that meet your criteria. With how vast the FX market is, this is an overwhelming and next to impossible task on your own. However, MetaStock's built-in search tool, The Explorer, makes it quick and simple.

Tell The Explorer what you're looking for—say you want currency pairs that have just generated a buy signal. The Explorer searches thousands of pairs to instantly find those that match this description. You can also use The Explorer to generate a list of potential money-makers, find the biggest gainers, or the most active currencies, or generate daily buy and sell signals.

The Explorer does the tedious, time-consuming work for you so that you can make informed decisions quickly and with little effort.

The Expert AdvisorTM - Consult the Experts

The Expert Advisor is an educational tool that helps you interpret technical analysis signals. This compilation of trading styles and rules from experts such as Martin Pring, Gilbert Raff, and Bill Williams offers commentaries and suggestions as to when to buy or sell based on technical indicators. This tool gives you 60 “experts” to apply to your trading.

The Expert Advisor brings you advice from a team of experts so that you can find out what they would do in your specific trading situation.

The Enhanced System TesterTM - 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 currency pair 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 currencies and compare them to a group of trading systems to find the best scenario.

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.

Indicators & Trading Systems

MetaStock's Indicators

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.

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 currency - but over an entire database of currencies. 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."

Internet Capability

With MetaStock's seamless internet integration:

  • Connect with Interbank or COESfx—direct-access FX brokers where MetaStock automatically fills in your trade information for quick and easy trading.
  • Save the active chart as an HTML document
  • Email a bitmap graphic of a chart directly from MetaStock
  • Get help from Equis technical support
 

Remember!

Before investing in any piece of software, be sure to download the DEMO version of forex trading software to ensure it will work on your system, and contains all the features you need

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