Difference between Meta Stock and Advanced Get

#1
Hi There,

I am studying Analysis and need to purchase a software. Can some one tell me whats the difference between MetaStock and Advanced Get?

Thanks

Sid
 
#2
sbansal said:
Hi There,

I am studying Analysis and need to purchase a software. Can some one tell me whats the difference between MetaStock and Advanced Get?

Thanks

Sid
Advanced GET is primarly a rule based trading system whereas MetaStock is primarly a technical analysis toolbox.
 

Traderji

Super Moderator
#4
bharatk8 said:
which exploration/search tool/formula is useful for day trader/swing trader/position trader in ms,ad.get
There are no short cuts to this. You have to read as much as you can and then develop your own trading strategies to suit your own individual style.
 

bharatk8

Active Member
#5
dear traderji, thanks for enlightening..........i am experimenting on DEEL momentum filter for shortlisting..... then apply ta principles for further screening,...cross check PTI signals on AD.GET.....it results into candidates for day/swing trading..... do u see any pitfalls?..caveats?...better alternatives?.....
 
#6
Advanced GET is primarly a rule based trading system whereas MetaStock is primarly a technical analysis toolbox.
Are you saying TA does not have rules. If not then how do you categorize 200 ma, 50 ma etc.
Simple example is if a stock trades above 50 ma you go long and vice versa. So here is the rule of going long and short. If you have TA and there is no rule to go long and short..... I don't get it. please elaborate. I feel that both are one and same.
The difference is Meta stock provides tools to back test your strategy, you can write your own calculation script etc.
Advanced Get does everything, and pre screens stocks that could tradeable as long or short.
 
#7
in metastock , they provide a addon called rahul mohindar ATM which comes with additional cost. it orovides almost accurate BUY/SELL signals....adget helps us by giving true/false macd etc..to go short/long...as far as my knowledge is concerend
 
#8
Are you saying TA does not have rules. If not then how do you categorize 200 ma, 50 ma etc.
Simple example is if a stock trades above 50 ma you go long and vice versa. So here is the rule of going long and short. If you have TA and there is no rule to go long and short..... I don't get it. please elaborate. I feel that both are one and same.
The difference is Meta stock provides tools to back test your strategy, you can write your own calculation script etc.
Advanced Get does everything, and pre screens stocks that could tradeable as long or short.
I have been using Adget for the last 10 years and also use Metastock. Do PM me if you need help in this regard.

Cheers,

Abhinay
 
#9
Hello all,

Ad Get is a trading system .. I agree with the others who pointed this out.

I would like to add something - Yes it is a trading system, a system whose formula is not disclosed. You do not understand the logic behind it.

Moreover, the system has a LOOKBACK function. That means it may change signals with the new data !! In simple words, let us say the system is asking you to BUY based on the 4th wave logic and a healthy PTI. If the price falls, the count would be changed and it may be treated as an ongoing 3 of C - DISASTER. This has happened to me.

So do not just rely on the historical labelling and treat AD GET as a holy grail.

METASTOCK on the other hand lets the users build their own system. A known devil is better than an unknown angel !!
 

mastermind007

Well-Known Member
#10
both softwares r a waste. i have used both as well as spider iris and tickerplant. i like spider iris the most, because it has automatic scans. just tell the company guys what u want, and they'll create it for u. in metastock, u need to scan manually, and most opportunities r lost by the time u perform ur scan(esp. on smaller timeframes).

if u don't have a strategy, then advanced get is good. but the risk reward for their strategies is just 1:1.6, which is pathetic to be consistently profitable in the market. and with the high cost of the software, u will breakeven may be in only 2 years with a capital of 5 lacs.

Sumit
Both Ad Get and Metastock have scans too. Both scans are programmable.
 

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