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Remember, MetaStock’s primary function is to identify potential trades and then allow you to analyse them. MetaStock Professional will not trade for you. It will not decide to exit a trade on your behalf when you are facing a loss; it will not determine when to pyramid into a trade. MetaStock can only identify when certain technical conditions are present, and then alert you to the fact. It is still up to you to define what those technical conditions are and then tell MetaStock to watch for them. Once a security is identified, the decision about whether or not to act on that information is yours. Sadly, many people blame their tools, or the advice of others, for a bad trade; ultimately, the decision to trade is yours. MetaStock and MetaStock data is a tool that can only be used to identify trades, nothing more.
Of course, MetaStock has many features, but perhaps the most powerful way for you to learn more about this guide is to read our Metastock Programming Study Guide Article by clicking here.ÂÂ
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