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MotiveWave - experiences?


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MotiveWave - experiences?

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  #21 (permalink)
Dallas, TX
 
Experience: Intermediate
Platform: MotiveWave, NinjaTrader
Broker: InteractiveBrokers, AMP Clearing
Trading: NQ, ES, GC (sometimes RTY, NG)
 
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Posts: 17 since Mar 2017
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Been a MotiveWave Ultimate Edition user for 2 years (CQG and IB data). Running Parallels to host NT8, MZpack and Jigsaw. With combination of all these tools, if I can't make money here then I need to find a new gig.

As a day trader primarily trading NQ, I can't speak highly enough about my experience with MW. I'm an oddball 1/2 Elliott Wave counter - 1/2 Order Flow trader, so with all the latest updates to MW, I'm a happy camper.

The absorption prints in the MotiveWave Volume Imprint Study are very similar to those in the MZpack Footprint.

Also unless you are proficient in Elliott Wave, the Auto Wave Analyze is worthless. I have yet to find it accurate. Then again, I haven't used it for almost two years.

Anyone know of a place to pick up new MW studies? On NT8, indi's are a dime a dozen, but with MW, they are hard to come by.

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  #22 (permalink)
Houston+Texas/United States
 
Experience: Intermediate
Platform: Ninja Trader, Motivewave
Broker: NinjaTrader, Oanda, TD Ameritrade
Trading: CL GC
 
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ScottyA View Post
Been a MotiveWave Ultimate Edition user for 2 years (CQG and IB data). Running Parallels to host NT8, MZpack and Jigsaw. With combination of all these tools, if I can't make money here then I need to find a new gig.

As a day trader primarily trading NQ, I can't speak highly enough about my experience with MW. I'm an oddball 1/2 Elliott Wave counter - 1/2 Order Flow trader, so with all the latest updates to MW, I'm a happy camper.

The absorption prints in the MotiveWave Volume Imprint Study are very similar to those in the MZpack Footprint.

Also unless you are proficient in Elliott Wave, the Auto Wave Analyze is worthless. I have yet to find it accurate. Then again, I haven't used it for almost two years.

Anyone know of a place to pick up new MW studies? On NT8, indi's are a dime a dozen, but with MW, they are hard to come by.

I haven't found a good place yet either. I started a thread here in Futures.io to share studies. There are only 3 on it right now, but I know I will be adding more to it. hopefully others will as well.


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  #23 (permalink)
Los Angeles
 
Experience: Intermediate
Platform: MotiveWave, ThinkOrSwim
Broker: TradeStation, TD Ameritrade
Trading: Denarius
 
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Posts: 9 since Dec 2017
Thanks: 7 given, 22 received


I absolutely love MotiveWave's modern and highly customizable interface. Translucent gradients on channels/bands and TPO value areas make the charts really easy on the eyes.

The charting tools are also a joy to use. A very powerful and well designed software.

FYI an upcoming 6-day long 'year end blowout sale' is already being advertised on MotiveWave's website.


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  #24 (permalink)
Yorktown, VA
 
Experience: Intermediate
Platform: Motivewave, Zanner, TView
Broker: DeCarley
Trading: Currency
 
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Posts: 406 since May 2017
Thanks: 201 given, 645 received

I've been using the charts for three years. Don't let the name fool ya. It's a full featured charting package! Not just eliottwave.

I've used allot of platforms. Hands down my favorite.

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  #25 (permalink)
Canada
 
Experience: Advanced
Platform: Sierra, Jigsaw
Broker: AMP/Rithmic
Trading: NQ, ES, ES Options, VX, MNQ, MES
 
Posts: 208 since Aug 2013
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TradeTheLevel View Post
I've been using the charts for three years. Don't let the name fool ya. It's a full featured charting package! Not just eliottwave.

I've used allot of platforms. Hands down my favorite.

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It's an excellent charting package and has been improving steadily for the last few years. I would say that it is finally, perhaps, worth the money they ask for the full pull version. As a trading platform, there are still some issues I have with it, perhaps they will start attacking these deficiencies shortly.

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  #26 (permalink)
Yorktown, VA
 
Experience: Intermediate
Platform: Motivewave, Zanner, TView
Broker: DeCarley
Trading: Currency
 
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Japhro View Post
It's an excellent charting package and has been improving steadily for the last few years. I would say that it is finally, perhaps, worth the money they ask for the full pull version. As a trading platform, there are still some issues I have with it, perhaps they will start attacking these deficiencies shortly.

The platform keeps getting better and faster. If your a manual trader, this is just a great platform designed for technical analysis. Most people only need the trade edition which is very affordable. Once you have that you can trade with plenty of brokers at the same time without having to change platforms. This is great for USA traders that want to add spot FX to their trading while wanting to trade stocks and futures on the same platform. Now if your into algo trading, this really isn't the best choice. Another great thing they did recently is its now available for TopStep trader. Which I think gives you a discount to motivewave if your in the topstep program.

The only other platform I have really enjoyed is the full version of tradingview. The cloudbased charting is fast and fluid and for the price you cant beat that as well. For the longest time I traded through that platform on a linux desktop. Just so I can nerd out a bit.


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  #27 (permalink)
Los Angeles
 
Experience: Intermediate
Platform: MotiveWave, ThinkOrSwim
Broker: TradeStation, TD Ameritrade
Trading: Denarius
 
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Posts: 9 since Dec 2017
Thanks: 7 given, 22 received


TradeTheLevel View Post
The platform keeps getting better and faster.

I agree. I am using a Mac Pro with multiple monitors which makes running any software in a virtual PC environment less than optimal. MotiveWave really excels on larger workstations and on a Mac with Sierra 10.12.6 it runs as efficient as a macOS native app.

If you use it on a laptop with only 4GB it might not be the best choice. My computer has 64GB of memory and MotiveWave is automatically allocated 1/4 of it (16GB), however, it only uses a fraction of the allocated memory. You can check how much memory is allocated by opening the log files which can be found under ‘Support’ / ‘Log Files’ in MotiveWave's top right menu. With 16GB everything is handled with great ease.

The DOM can definitely be improved but everything else is really well thought out. The integration of the Market Profile with charts is handled quite elegantly. Little things like crosshair synchronization over multiple timeframes on all monitors as well as magnetic alignment with volume bars are really nice.

I would not recommend MotiveWave if you are a DOM scalper but it’s hard to beat as an analytical tool for intraday swing trading and beyond. If there is something you don't like chances are you can customize it. It's the most flexible platform I have ever used.

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  #28 (permalink)
Los Angeles, CA
 
Experience: Beginner
Platform: NinjaTrader, TOS
Trading: Emini ES, NQ, YM
 
Posts: 5 since Aug 2017
Thanks: 2 given, 2 received

I'm a new MW owner. Been trying to figure out how to merge current future contracts with previous contracts, does anyone know how to do it?

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  #29 (permalink)
Yorktown, VA
 
Experience: Intermediate
Platform: Motivewave, Zanner, TView
Broker: DeCarley
Trading: Currency
 
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Posts: 406 since May 2017
Thanks: 201 given, 645 received


xiixexe View Post
I'm a new MW owner. Been trying to figure out how to merge current future contracts with previous contracts, does anyone know how to do it?

You want a continuous chart? Usually there's a symbol for that based on what data feed your using I believe. With my futures broker the symbol is @E6 for the E6 etc.

Here's a link to IQFeed contentious contract look up. Look for the cont contract check block Hope it helps.

https://www.iqfeed.net/symbolguide/index.cfm?symbolguide=lookup&displayaction=support&section=guide&web=iqfeed&alpha=1&start=1

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  #30 (permalink)
Minneapolis Minnesota
 
Experience: Beginner
Platform: Tradestation/ Interactive
Broker: Interactive Brokers/ Tradestation
Trading: Emini ES
 
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Posts: 58 since Jan 2017
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How difficult would it be to maintain ten years of data for S&P 500 stocks and five years of data for twenty to thirty stocks between Italy and the Budapest exchange with motivewave.

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