Share the post 'Free Metastock Data in 2018 – Top 3 Download Options' • • • Metastock has won the best technical analysis software under $1,000 every year since 1993, and as a result, many people are looking for free Metastock data. With Metastock charting software, you can: • Import data from any exchange straight into Metastock; • Run pre-defined explorations to scan your market for your criteria; • Custom build your scanning criteria to hand pick the winning stocks; • Run backtests of the trading systems you have developed • Use over 120 pre-built indicators like MACD, stochastics, Bollinger bands; and • Custom build your indicators like stop losses, ATR% or binary codes In all seriousness, the depth and functionality of Metastock is incredible and well worth giving a free three-month trial a go. Is it worth getting free MetaStock data? Of course, once you buy Metastock you will need Metastock data, and this is where you need to be careful. Depending on where you buy Metastock, you might be able to get data from them. At the very least, you can give Metastock a trial and take advantage of free MetaStock data from them. Also, there will be some suppliers of free MetaStock data, but this may not be a good idea.

Obviously, the ‘price’ is right but is it going to give you the accuracy you demand to run a professional portfolio. The quality of your Metastock data is critical if you are going to be trading the markets long term.

If you do any form of system testing or market scans, then this becomes even more critical so choose your Metastock data supplier carefully. Every professional trader who uses MetaStock will tell you how important the quality of your MetaStock data is. Your data is the most important part of your business.

MetaStock D/C, MetaStock Daily Charts is specifically designed for traders who do their analysis after the markets close. The optional DataLink end-of-day datafeed, DataLink is the #1 choice for a reliable and robust data feed.

What are the problems with free MetaStock data? Sure you can get free Metastock data, but there is a reason it’s free.

It has errors. Also, you want to make sure your MetaStock data supplier cleans and adjusts the data for mistakes. To cut costs, many MetaStock data providers don’t do this. So you might be wondering, how many errors could there be on a daily basis? Some MetaStock data providers have errors every day Here a selection of what a Metastock data provider needs to keep on top of: • Delistings • Splits • Consolidations • Dilutions • Merges • Code changes • Name changes • Deferred settlement history merges • Capital returns Metastock Data errors can drastically change your results.

To see what effect dodgy free Metastock data can have on your results Do you need to backtest your trading systems before going live? The answer to that question must be a resounding YES. You absolutely must test your ideas and trading strategies before you go live.