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What is Thomson Reuters MetaStock? Thomson Reuters MetaStock is a software program that is designed to help you make better decisions about when to buy and sell in the Equities, Forex, Futures, and Commodities markets.
Metastock V15 now gives users the option of choosing your own data vendor or using Metastock with Reuters Datalink. We offer this data at great rates and provide full support, for more information please email info metastockaustralia.
What is the difference between End-of-Day and Real-Time?
Real-time traders use intra-day data prices that are constantly updating throughout the day to make decisions about when to buy and sell during the trading day, this also allows you to look at different time frames examples, 1 Min, 8 Min, 30 Min etc. End-of-day traders access their data Date, Open, High, Low, Close and Oracle trading for the day after the markets have closed. Some markets like the ASX have what is called Intra-day snapshot data available which can be used with Metastock DC 14,15 and older Local data versions of Metastock from 11 lower.
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Snap shot data works like this with our local data. Oracle trading snap shot is a 20 minute delayed snapshot of the data each hour during the day sent through from the exchange. So the first one is available at If you close Metastock and do an update at oracle trading The exchange sends the next snapshot at If you do an update at say If using Datalink the ASX portion of the market with update automatically when you refresh your open charts or display the intraday data if you open a chart after What is Local Data and how does it compare to Thomson Reuters data.
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All historical data for the plan you sign up for is included free with the annual data subscription. Local data is downloaded to your local computer via our Oracle updater program, once the data has been downloaded, your software program does not need to be connected to the internet. All you charts and explorations are displayed and run from data stored on your own computer, this is a far more efficient and reliable solution for the vast majority of Australians.
Thomson Reuters data is stored on servers in the USA, when you subscribe to Thomson Reuters data, you need to be connected to the internet, the data does not get stored on your local computer. When you wish to display a chart, the data is sourced from the servers in the USA and displayed on your screen, the good news is the data does not need to be downloaded daily like local data does, however running Metastock online has its limitations, reliability and speed are the main issues.
In my experience, using our premium local data oracle trading Metastock 15 is better all round option.