MotiveWave - experiences?
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MotiveWave - experiences?


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Created August 8th 2015 by AMGT
Updated October 1st 2019 by CannonTrading
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MotiveWave - experiences?

  #41 (permalink)
Warsaw
 
 
Posts: 1 since Nov 2018
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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.

I am currently using MotiveWave (which is great) and thinking about opening an account with Interactive Brokers. One quick question: can you see 1000 Volume chart with IB data? Does IB send volume data in that way it can be used as a Volume Chart? Is it possible to use TPO Tool with IB data?

Thank you,


Last edited by Voyx; January 18th, 2019 at 01:01 PM. Reason: more informations
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  #42 (permalink)
Dallas, TX
 
Trading Experience: Intermediate
Platform: MotiveWave, NinjaTrader
Broker/Data: InteractiveBrokers, AMP Clearing
Favorite Futures: NQ, ES, GC (sometimes RTY, NG)
 
ScottyA's Avatar
 
Posts: 12 since Mar 2017
Thanks: 24 given, 6 received


Voyx View Post
I am currently using MotiveWave (which is great) and thinking about opening an account with Interactive Brokers. One quick question: can you see 1000 Volume chart with IB data? Does IB send volume data in that way it can be used as a Volume Chart? Is it possible to use TPO Tool with IB data?

Thank you,

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!

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  #43 (permalink)
Winterthur/ Switzerland
 
Trading Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES
 
Posts: 4 since Oct 2013
Thanks: 0 given, 0 received


Hi Guys,

had a blast reading this thread. Been looking for a while to an alternative to the best charting softwares out there for Windows, so that I can find something decent to run on my MAC ... I am really trying to break out of the win + NT default that i think we have always been trapped into...

For a while I became a MAC user and I would love to be able to keep my desk clean with just one PC rather than to have to buy a new Win PC just to run a decent charting software.

At the moment I have the latest Macbook Pro 2018 (16GB ram but would definitely upgrade RAM if necessary)...

For that reason, do any of you have experience daytrading (4 Range Bars and Up) on MotiveWave ?

I do not use DOM and mostly trade from the Charts...

so my minimum requirements would be:

1. daytrade out of a 4R bar
2. be able to create automated order managements with auto trail stops, auto break even etc as NT offers
3. be able to to trade from a chart
4. decent refresh rate of data for when markets are a little bit too fast.. (anyone with experience from the latest fast markets would be appreciated)...


I would be very thankful if any of you could provide me some insights on my needs above

Thank you very much in advance!
Gustav

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  #44 (permalink)
Dallas, TX
 
Trading Experience: Intermediate
Platform: MotiveWave, NinjaTrader
Broker/Data: InteractiveBrokers, AMP Clearing
Favorite Futures: NQ, ES, GC (sometimes RTY, NG)
 
ScottyA's Avatar
 
Posts: 12 since Mar 2017
Thanks: 24 given, 6 received


gsmaster View Post
Hi Guys,

At the moment I have the latest Macbook Pro 2018 (16GB ram but would definitely upgrade RAM if necessary)...

For that reason, do any of you have experience daytrading (4 Range Bars and Up) on MotiveWave ?

I do not use DOM and mostly trade from the Charts...

so my minimum requirements would be:

1. daytrade out of a 4R bar
2. be able to create automated order managements with auto trail stops, auto break even etc as NT offers
3. be able to to trade from a chart
4. decent refresh rate of data for when markets are a little bit too fast.. (anyone with experience from the latest fast markets would be appreciated)...


I would be very thankful if any of you could provide me some insights on my needs above

Thank you very much in advance!
Gustav

I day trade NQ in MW using an iMac Pro. NQ definitely qualifies as a market faster than ES Mostly trading using linear charts and the entry/exit buttons of the DOM, but yes, you can trade from the chart. I wrote an NQ-day-trading algo for 16R and 20R bars and had zero problems with the software.

MotiveWave has never given me trouble with speed performance. 16GB RAM should be sufficient. The biggest limitations I've noticed don't involve MW as much as the computer processor and data feed. (From personal experience, I recommend IQFeed).

Never tried to use auto trail stops, but I know MW has the ability.

Take it for a 14-day test drive and let us know what you think!

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  #45 (permalink)
Minneapolis Minnesota
 
Trading Experience: Beginner
Platform: Tradestation/ Interactive
Broker/Data: Interactive Brokers/ Tradestation
Favorite Futures: Emini ES
 
Leatherneck's Avatar
 
Posts: 54 since Jan 2017
Thanks: 15 given, 11 received

Quick question guys. How do we connect tradestation to motivewave

Sent using the futures.io mobile app

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  #46 (permalink)
Dallas, TX
 
Trading Experience: Intermediate
Platform: MotiveWave, NinjaTrader
Broker/Data: InteractiveBrokers, AMP Clearing
Favorite Futures: NQ, ES, GC (sometimes RTY, NG)
 
ScottyA's Avatar
 
Posts: 12 since Mar 2017
Thanks: 24 given, 6 received


Leatherneck View Post
Quick question guys. How do we connect tradestation to motivewave

Sent using the futures.io mobile app

It's in the User Manual pages 15-18

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  #47 (permalink)
Minneapolis Minnesota
 
Trading Experience: Beginner
Platform: Tradestation/ Interactive
Broker/Data: Interactive Brokers/ Tradestation
Favorite Futures: Emini ES
 
Leatherneck's Avatar
 
Posts: 54 since Jan 2017
Thanks: 15 given, 11 received

I got it. Thanks alot

Sent using the futures.io mobile app

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  #48 (permalink)
Hawaii at the beach
 
Trading Experience: Beginner
Platform: Nt8, MotiveWave, TOS
Broker/Data: S5
Favorite Futures: ES, ZB fine alcohol and muscle cars
 
KahunaDog's Avatar
 
Posts: 522 since Apr 2013
Thanks: 1,088 given, 387 received

MW has been having a lot of youtube uploads and continues updating and upgrading.

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  #49 (permalink)
Canada
 
 
Posts: 4 since Aug 2019
Thanks: 0 given, 1 received


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!

I have just finished a two week trial with Motive Wave and am very pleased with their TPO study. There is a current known issue with regard to the Micro futures contract rollover, but should be addressed soon I hope.

I too use IB linked with Motive Wave. Are you saying the data is in accurate? For example volume Number totals? Or other...can you please expand on this? I may look into IQ feed if what you are saying impacts me. I didnt see any issues other than volume totals being different than my sierra charts setup.

Thanks.

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  #50 (permalink)
Dallas, TX
 
Trading Experience: Intermediate
Platform: MotiveWave, NinjaTrader
Broker/Data: InteractiveBrokers, AMP Clearing
Favorite Futures: NQ, ES, GC (sometimes RTY, NG)
 
ScottyA's Avatar
 
Posts: 12 since Mar 2017
Thanks: 24 given, 6 received



psp777 View Post
Are you saying the data is in accurate? For example volume Number totals? Or other...can you please expand on this? I may look into IQ feed if what you are saying impacts me. I didnt see any issues other than volume totals being different than my sierra charts setup.

Thanks.

Yes, I am. IB futures data can easily be inaccurate on faster time frames and non-linear charts. Not so much an issue on slower TF's.

Because moves can happen so quickly, IB "snapshot" data will occasionally miss uber-fast spikes. The actual candles will look different (shorter, missing the move... until you later refresh the data).

I'm not sure what data you're using for SC, but when in MW you compare IB data with a tick-based data like CQG, volume totals are often (if not always) different.

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