Bonjour,

Multicharts-v-14 is stable and works fine and I do trade with it. I have come across Motive Wave once before a long time ago.
I just took a quick glance at their site and here are my a priori thoughts. On the minus side: their software compared to Multicharts is expensive. On the positive side: they have a great offering in terms of trading options and capabilities. In fact, their Ultimate package is superior to Multicharts.

I want to clarify my previous post before going any further.
1. I chose Multicharts because I used to trade with Tradestation and sometime in 2000 they pulled out of Canada (they are back now). I wanted to keep using my custom code so the only feasible option was Multicharts. It is a software that currently serves my needs: I can trade manually or automatically and I can test ideas very quickly because of my proficiency with EasyLanguage.
2. What I wanted to convey is the idea that all trading software that resides on a home computer for fully automated trading are all risky ventures (in my view) since a number of events can generate losses: home computer failure such as reboot, electrical network downtime, internet disconnection, etc. So that is why I was thinking of eventually rewriting my custom code to python and run it from a cloud service.

I haven’t looked yet at the possibility of using Multicharts on the cloud but I suspect that it is possible. I have noticed that MotiveWave offers a “cloud workspace” which eliminates the risk mentioned above. This is a definite plus for automated trading and likely to be a seamless implementation compared to Multicharts. This feature appears to be included in the lease and or support.

My idea to migrating to Python is: it is robust, flexible and allows the use of a large number of math and science code libraries. This way, I would not need a second license since I want to retain the ability on my home computer to test ideas. For me, the major downside of MotiveWave is it’s use of the Java Programming Language to write custom indicators and strategies. Based on what I know and past experience, learning Python would be easier and faster than Java OR I may go for a second Multicharts licence.

I hope that these thoughts will help in your decision process.

edit 1: I just noticed that MotiveWave connects to many brokers but fall short on the number of data feeds UNLESS they implicitly mean brokers and their datafeeds.

I haven’t looked yet at the possibility of using Multicharts on the cloud but I suspect that it is possible.

I have noticed that MotiveWave offers a “cloud workspace” which eliminates the risk mentioned above.

My idea to migrating to Python is: it is robust, flexible and allows the use of a large number of math and science code libraries.