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MotiveWave - experiences?


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MotiveWave - experiences?

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  #101 (permalink)
Antares66
Berlin+Germany
 
 
Posts: 33 since Jan 2020
Thanks: 6 given, 23 received

My question regards to the IB market data abo. I subscribed to "Us Securities Snapshot and Future Value Bundle" and "US Equitiy and Options Add-On Streaming Bundle". Do i get also the E-Mini realtime streaming data with these subscription or do i have to subscribe to ĄCBOE One Add-On Bundleď?
When typing the E-mini future symbols i do get the streaming data in realtime. Is that included with my recent subscription?
What is the difference between the market depth data and Level 2 data? You can subscribe those additionally.

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  #102 (permalink)
Antares66
Berlin+Germany
 
 
Posts: 33 since Jan 2020
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ScottyA View Post
Yes, you can and it does, but the data won't be accurate. IB provides "snapshot" data and not tick data, so if you want accuracy in non-linear charts, I recommend another data provider (other than or in addition to IB).

With MW Support help, I now have my charts setup to display futures charts using IQFeed data but executing trades in IB. Also consider a solution like this! It's super cool!

Why are you using iQFeed when having CQG in your AMP account? I mean IQ is rather expensive. Would it be possible to use CQG for IB? I guess you must have MW pro and being connected to both brokers simultaneously.

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  #103 (permalink)
 ScottyA 
Dallas, TX
 
Experience: Intermediate
Platform: MotiveWave, NinjaTrader
Broker: InteractiveBrokers, AMP Clearing
Trading: NQ, ES, GC (sometimes RTY, NG)
 
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Antares66 View Post
Why are you using iQFeed when having CQG in your AMP account?

Good question. I have used both IQFeed and CQG but never at the same time.

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  #104 (permalink)
Antares66
Berlin+Germany
 
 
Posts: 33 since Jan 2020
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ScottyA View Post
Good question. I have used both IQFeed and CQG but never at the same time.

Hello Scotty,
did you post on the MWforum about using CQG for IB? This helped me very much. But I guess you have to buy the pro edition of MW. I have still the Orderflow edition.

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  #105 (permalink)
 ScottyA 
Dallas, TX
 
Experience: Intermediate
Platform: MotiveWave, NinjaTrader
Broker: InteractiveBrokers, AMP Clearing
Trading: NQ, ES, GC (sometimes RTY, NG)
 
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Antares66 View Post
Hello Scotty,
did you post on the MWforum about using CQG for IB?

I am he!

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  #106 (permalink)
 stringchopper 
Indianapolis IN/USA
 
Experience: Beginner
Platform: NinjaTrader
Trading: Emini ES
 
Posts: 8 since Apr 2018
Thanks: 5 given, 2 received

Anyone here using OrderFlowAnalytics (OFA) with MotiveWave? I saw a mention of OFA in a help video by Tradovate (my broker). Looks like Tradovate worked with OFA at one time but not now(?). That prompted me to look at MotiveWave because the OFA website lists only MW and NT as preferred vendors. Anyhoo, Iíve only spent about 15 minutes in MotiveWave, but I really like what I see so faróand that I can run it on my Mac.
I canít find many references to OFA when googling that arenít four years old or more. OFAís Facebook page show the latest comment at three years.
So Iím wondering if any current users of MotiveWave are using OFA and if OFA is worth paying for along with MW.


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  #107 (permalink)
pereiraalex
Torres Novas
 
 
Posts: 9 since Mar 2017
Thanks: 1 given, 9 received


yolo778778 View Post
Hello Donovan,

Thanks for the advise. Even though it does not really improve on my situation.
It's frustrating to see that my computer is running smoothly but the app is not. Something is just not right.
I switched back to my old Intel mac for a while, and it actually does a bit better than the M1. So there might be a compatibility issue.
Not sure how people say it runs smoothly? Wonder what kind of charts they are using?

Of course, if I tone the platform way down to the most simple studies, it can run better. But what is the point paying for a platform if I cannot "power use" for the price? Even when you have enough RAM and CPU.
BTW, with historical data checked, I am not getting a correct delta reading on my volume imprint. So that sucks too.

The only solution to me is just logging out and logging back in

This might be nothing, and I don't have much experience with motivewave, but in testing it on linux, I have this when launching through a terminal:
 
Code
(X) Got class = class com.sun.prism.es2.ES2Pipeline
Failed Graphics Hardware Qualifier check.
System GPU doesn't meet the es2 pipe requirement
GraphicsPipeline.createPipeline: error initializing pipeline com.sun.prism.es2.ES2Pipeline
meaning that graphics aren't gpu accelerated. Adding a
 
Code
-Dprism.forceGPU=true
to the launcher and it forces acceleration and motivewave becomes much much better.

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  #108 (permalink)
optionable
Dayton Ohio
 
 
Posts: 2 since Apr 2021
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ch123456 View Post

What I don't like:

1. Vertical navigation of the chart is a little clunky
2. If you want an indicator that is not included, I think you have to find someone to program it for you.

Both Ninja and Motive are great platforms. You can't go wrong either way.

So is there a way in MotiveWave to move the whole chart up and down vertically? In Ninja I just hold down the control key while dragging in the price axis. That doesn't seem to work in Motive.

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  #109 (permalink)
 SBtrader82 
Rovigo (ITALY)
 
Experience: Intermediate
Platform: SierraChart, MotiveWave
Broker: Rithmic, Dorman, Interactive Brokers
Trading: Emini, Nasdaq, DAX, Bund, IBEX
 
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optionable View Post
So is there a way in MotiveWave to move the whole chart up and down vertically? In Ninja I just hold down the control key while dragging in the price axis. That doesn't seem to work in Motive.

Sure, you can just drag it up and down. Probably the reason why your chart does not move is because you have this botton selected, see the picture below.
Just un-select it and you will be able to move it up and down.

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  #110 (permalink)
optionable
Dayton Ohio
 
 
Posts: 2 since Apr 2021
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Thanks!!!! That was really frustrating!

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  #111 (permalink)
 SBtrader82 
Rovigo (ITALY)
 
Experience: Intermediate
Platform: SierraChart, MotiveWave
Broker: Rithmic, Dorman, Interactive Brokers
Trading: Emini, Nasdaq, DAX, Bund, IBEX
 
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optionable View Post
Thanks!!!! That was really frustrating!

it happened to me as well, I was getting crazy with that....

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  #112 (permalink)
pereiraalex
Torres Novas
 
 
Posts: 9 since Mar 2017
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SBtrader82 View Post
Sure, you can just drag it up and down. Probably the reason why your chart does not move is because you have this botton selected, see the picture below.
Just un-select it and you will be able to move it up and down.

it can also be set with a keyboard shortcut.
There is also a "reset vertical scale" keyboard shortcut, which does the same but without being "sticky"

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  #113 (permalink)
 SBtrader82 
Rovigo (ITALY)
 
Experience: Intermediate
Platform: SierraChart, MotiveWave
Broker: Rithmic, Dorman, Interactive Brokers
Trading: Emini, Nasdaq, DAX, Bund, IBEX
 
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Posts: 443 since Feb 2018
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This is how the profiles look in MotiveWave....
  1. you select align letters and it all gets messed up with the previous TPO profiles.
  2. Letters are never visible unless you zoom in so much that you lose the perspective.
  3. In the second picture you can observe that if you "shrink" the chart on the x axis the profiles overlaps toghether, basically the software developers didn't even take into account that this should not happen. How naive is that? consider that you need to pay 45 USD per month to have the market profile.

I am really fed up with this platform, they always release new version in which they improve nothing. The only improvement they make is on small details, but major problems never get fixed.
If you sent an email they answer after 2 days at least and they don't even understand your question.




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  #114 (permalink)
 trendisyourfriend 
Legendary Market Wizard
Quebec
 
Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker: AMP/CQG
Trading: ES, NQ, YM
 
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SBtrader82 View Post
This is how the profiles look in MotiveWave.... [LIST=1]
...
I am really fed up with this platform...]

I am surprised as i have read that the new platform EdgeProx from EdgeClear is based on MotiveWave. I am sure, they would not invest in it if it was not that good. But i may be misinformed about it. I took this info from this thread:


Quoting 
This is a good deal, you basically get Motivewave orderflow (not sure if they have added anything) package for $35 a month vs 55 straight from the vendor.


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  #115 (permalink)
 SBtrader82 
Rovigo (ITALY)
 
Experience: Intermediate
Platform: SierraChart, MotiveWave
Broker: Rithmic, Dorman, Interactive Brokers
Trading: Emini, Nasdaq, DAX, Bund, IBEX
 
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Posts: 443 since Feb 2018
Thanks: 170 given, 985 received

The product is not bad, it's stable. Compared to tradestation is very stable.
But you cannot release a new version every ten days and leave problems unsolved.

I cannot understand what the developers work on everyday.




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  #116 (permalink)
 COoneguy 
Denver Colorado USA
 
Experience: Intermediate
Platform: Motivewave/Optimus Flow
Broker: Optimus
Trading: es
 
Posts: 6 since Feb 2020
Thanks: 3 given, 15 received

I've been using Motivewave for about 6 months and it is now my daily driver. I like a lot about it, but I am not a volume profile trader. of course we all want something different, but I like it.

I should mention that I had been a long-term Sierra Chart user, and love that platform, but the "crazy" over there drove me away.

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  #117 (permalink)
 SBtrader82 
Rovigo (ITALY)
 
Experience: Intermediate
Platform: SierraChart, MotiveWave
Broker: Rithmic, Dorman, Interactive Brokers
Trading: Emini, Nasdaq, DAX, Bund, IBEX
 
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Posts: 443 since Feb 2018
Thanks: 170 given, 985 received


COoneguy View Post
I've been using Motivewave for about 6 months and it is now my daily driver. I like a lot about it, but I am not a volume profile trader. of course we all want something different, but I like it.

I should mention that I had been a long-term Sierra Chart user, and love that platform, but the "crazy" over there drove me away.

do you also get the "TIME OVER" message? I get it all the time and I can't understand if this is due to problems with how motivewave interface with Rithmic.
If I have a position with more than one contract and some OCO orders, if I hit the "flatten" button I get an error saying "timeout", and the position doesn't get flattened. It only cancels the OCO but it does not flat my position. So whenever I am in this situation I have to first cancel all order and then flatten.
With the reverse button it's even worse.

Which broker do you use?

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  #118 (permalink)
 COoneguy 
Denver Colorado USA
 
Experience: Intermediate
Platform: Motivewave/Optimus Flow
Broker: Optimus
Trading: es
 
Posts: 6 since Feb 2020
Thanks: 3 given, 15 received

I have never received that "Time Over" message.

I use AMP with CQG on one account, and Ironbeam with Rithmic on another. Trade both through Motivewave daily.

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  #119 (permalink)
pereiraalex
Torres Novas
 
 
Posts: 9 since Mar 2017
Thanks: 1 given, 9 received


SBtrader82 View Post
This is how the profiles look in MotiveWave....
  1. you select align letters and it all gets messed up with the previous TPO profiles.
  2. Letters are never visible unless you zoom in so much that you lose the perspective.
  3. In the second picture you can observe that if you "shrink" the chart on the x axis the profiles overlaps toghether, basically the software developers didn't even take into account that this should not happen. How naive is that? consider that you need to pay 45 USD per month to have the market profile.

I am really fed up with this platform, they always release new version in which they improve nothing. The only improvement they make is on small details, but major problems never get fixed.
If you sent an email they answer after 2 days at least and they don't even understand your question.






I don't use TPO, I prefer the VP, but doesn't TPO has a setting considering the width of the TPO ? Probably the boxes have a minimum width size.

Have you tried posting it on their forums ?

About the 45USD, motivewave does several 25% and 30% discounts through the year. Next one should be in summer/july. Also considering the option to buy lifetime in those discount times, it is great value.

The rest of the rant actually is uncalled for. You must think that a big platform is easy to maintain and that every change doesn't need to undergo several rigorous testing.
As a programmer, its not like we snap our fingers, drag and drop pictures and a platform is made.

Anyway, this is their release notes where they describe what they do: https://downloads.motivewave.com/builds/462/Release%20Notes%20v6.5.0.pdf

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  #120 (permalink)
 stumbras 
Denver, Colorado
 
Experience: Beginner
Platform: Tradestation, Tradingview
Broker: Tradestation, Forex.com
Trading: Futures and Forex
 
Posts: 29 since Apr 2021
Thanks: 7 given, 12 received

I conected Motivewave with Tradestation but the DOM was not showing prices(level 2 data), I know Tradestation provides that data because it works with Tradingview.
I added Rithmic data trial and price showed up on DOM but I am unable to execute trades(it says this is untradable ticker?). I was attempting to trade MESM1 micro mini ES.

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  #121 (permalink)
 creamyyy 
Melbourne
 
Experience: Beginner
Platform: Motivewave
Broker: AMP
Trading: NQ, ES
 
Posts: 8 since Aug 2020
Thanks: 7 given, 9 received

I've been using MW for 4 months. Overall I'm pretty happy with the Order flow edition.
I like how I can attach and detach bracket orders whenever I want.

There is some puzzling behaviour though.
  • Unable to show p&l in ticks on both chart ladder and chart trader. This is somewhat available on the ultimate edition but doesn't work properly for shorts.
  • Email alerts is ok, since it shows a screenshot, but a plugin to use Telegram would be better.
  • Trend lines and channels need to anchor to a point on tick charts otherwise they start moving.
  • Constant need to load more data if I scroll back just a bit too much on tick charts.

Looking on LinkedIn they appear to be a 3 person shop, probably under 10. Would explain the speed of bugfixes and updates.

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  #122 (permalink)
Blonde
Luxembourg
 
 
Posts: 61 since May 2020
Thanks: 53 given, 6 received

Hiya,



MotiveWave Ultimate (2295USD) +295USD annually will worth the money? The Multicharts v14 and Multicharts .Net(likewise NT8 is about 1,649USD) are each about 1,997USD lifetime licenses and no upcoming annual costs? Will this Multicharts Ultimate will worth this 2295USD one-off purchase +295USD annual cost?

May you please share their experience with MotiveWave Ultimate with me and tell me if the price will worth the money? How is Java SDK development, will it straight forward development and stable in execution performance?


Tnx and best of luck

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