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MotiveWave - experiences?
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MotiveWave - experiences?

 
grappling dummy
Hawaii at the beach
 
Trading Experience: Beginner
Platform: Nt8, MotiveWave, TOS
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Favorite Futures: ES, ZB fine alcohol and muscle cars
 
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Posts: 506 since Apr 2013
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https://www.motivewave.com/studies/studies.htm

Fall Seven Get Up Eight
 
 
Trading Apprentice
Warsaw
 
Trading Experience: Beginner
Platform: Motivewave
Favorite Futures: Emini ES
 
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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
 
 
Elite Member
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: 8 since Mar 2017
Thanks: 22 given, 4 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!

 
 
Elite Member
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

 
 
Elite Member
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: 8 since Mar 2017
Thanks: 22 given, 4 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!

The following user says Thank You to ScottyA for this post:

 



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