MetaStock - Reliable Software for Backtesting and Forecasting Combined

MetaStock - A Market Analyzer To Help With Real-Time Forex Trading

MetaStock is a broker-agnostic stock backtesting software specializing in combining comprehensive scanning, backtesting, and forecasting capabilities.

Using the free backtesting software, you can backtest your ideas on a single instrument or the whole market. It also allows you to use pre-made backtesting scenarios or create and test your complex trading techniques. However, don't get too carried away. The truth is that if you want to construct complex backtesting models, you'll need some basic coding skills.

Features Of MetaStock

Easy Trading Options

MetaStock is also well-liked by traders since it provides backtesting results in an easy-to-understand format. The application generates a list of buy and sell trading signals and thoroughly explores each one. You can discover more about the trade's magnitude, duration, PnL, and other characteristics in this manner.

Multiple Integration

Another reason why many traders favor MetaStock Forex Backtesting Software is the forecasting function. You can generate an easy-to-read probability cloud by integrating statistics and mathematics, which can help you set more precise profit targets and stops. When combined with the backtesting functionality, they can provide the optimum alternative for capitalizing on reactive and proactive data.

Alternatives To MetaStock

TradeStation and OptionStack are two other free backtesting software alternatives that excel at integrating thorough scanning, backtesting, and forecasting functions.