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MotiveWave - experiences?


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MotiveWave - experiences?

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  #61 (permalink)
Los Angeles, CA
 
 
Posts: 8 since May 2020
Thanks: 2 given, 1 received


1965 View Post
I use them constantly. They're very intuitive. What I really like is the drawing tools like horizontal lines, trendlines etc. Also if you're into harmonic patterns, they're simply the best I've seen. Plenty of studies to chose from. I use them alongside SC and they compete very well. The default charts with the black background is very pleasing on the eyes.


sbusso View Post
MW the first trading version is at 299 and with promotion it goes down 225. That is less than 1 year of SC service 5, the one I was paying for because when using with Infinity you are locked down to use it only for what you trade with them, while I m trading also stocks. At the end when you go through infinity or another IB you pay for the software in your commissions.

With SC I needed to use their data feed, because some features were not working well with other feeds and they do not provide any support if you dont use their feed, that was another $45 a month on top. So I really liked using SC, spent days tweaking it, it is full of features, highly customisable, lightweight but so difficult to get it right and their support is just terribly unwelcoming. Then when I found MW with everything packaged in, easier to use, for a lifetime price quite inexpensive (even the 999 pro version), it was a no way back. And the more I use it, the more I like it, and I wish more people would talk about it, it is a great piece of software (as well as SC is).


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.


ch123456 View Post
I use it on the Mac and love it. IMO it is the best platform I have found for a Mac. I now use MW instead of NinjaTrader. The demo is instant if you download it from the page below.

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TradeTheLevel View Post
I been using it for years. It's faster and better with the latest updates.


Sorry for quoting everyone but figured was easier than trying to pm each one individually. Unfortunately looks like the MW community just isn't as active (judging by their community forum). I've spent days tweaking and configuring my MW platform but still have tons of questions.

You all seem to have tons of experience so was hoping you might be able to share any cool tips MW offers that isn't as obvious to the new comers? Love to see how you guys have set up the charts/platform as well just to see what else is capable with the platform.

My favorite trick right now has to be zooming the charts with the scroll wheel once you configure it to "Bar Width". It makes zooming such a breeze (best zoom in any platform I have ever used). I also love the "Autoscale" feature which allows me to quickly go between free dragging the chart to having it auto scale for me so I don't ever need to worry about adjusting the price axis.

I do have 2 simple questions if anyone could help with:
1. Is there a way show on the chart where my entry price is, WHILE the trade is still active? Kind of like how NT leaves a line on your entry price so you it's immediately obvious
2. On the Accounts tab, is there a way to filter accounts from SIM vs Live? It gets so confusing at times seeing which trades are which (also wish they showed MFE and MAE like Jigsaw does). If someone could share how they track their active orders on the Accounts tab, would be amazing. Thanks in advance

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  #62 (permalink)
Yorktown, VA
 
Experience: Intermediate
Platform: Motivewave, Zanner, TView
Broker: DeCarley
Trading: Currency
 
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Katabatik View Post
Sorry for quoting everyone but figured was easier than trying to pm each one individually. Unfortunately looks like the MW community just isn't as active (judging by their community forum). I've spent days tweaking and configuring my MW platform but still have tons of questions.

You all seem to have tons of experience so was hoping you might be able to share any cool tips MW offers that isn't as obvious to the new comers? Love to see how you guys have set up the charts/platform as well just to see what else is capable with the platform.

My favorite trick right now has to be zooming the charts with the scroll wheel once you configure it to "Bar Width". It makes zooming such a breeze (best zoom in any platform I have ever used). I also love the "Autoscale" feature which allows me to quickly go between free dragging the chart to having it auto scale for me so I don't ever need to worry about adjusting the price axis.

I do have 2 simple questions if anyone could help with:
1. Is there a way show on the chart where my entry price is, WHILE the trade is still active? Kind of like how NT leaves a line on your entry price so you it's immediately obvious
2. On the Accounts tab, is there a way to filter accounts from SIM vs Live? It gets so confusing at times seeing which trades are which (also wish they showed MFE and MAE like Jigsaw does). If someone could share how they track their active orders on the Accounts tab, would be amazing. Thanks in advance

Best trick: unlock the right toolbar. Go-to settings, toolbar and select the right side toolbar. You now have all the point and click tools everyone looks for.

Double click the chart. In the list settings you can select PL ladder. It will show your profit and loss on the chart. Also makes it easy to set a stop loss if your averaging in trades. As the loss part of the ladder updates as you add to a position.

When it comes to the sim account. Just disable it in settings. Reactivate it when needed.

At the top right of the chart is a button called show orders and show trades. Here you show your trades on chart.

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  #63 (permalink)
Huntsville AL
 
Experience: None
Platform: TOS
Trading: Currency gold
 
Posts: 5 since Jul 2017
Thanks: 3 given, 0 received


There is a motivewave platform support forum that you may find useful. https://support.motivewave.com/forum/index.php

On the right side order panel there is a show orders icon at the top.

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  #64 (permalink)
Los Angeles, CA
 
 
Posts: 8 since May 2020
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TradeTheLevel View Post
Best trick: unlock the right toolbar. Go-to settings, toolbar and select the right side toolbar. You now have all the point and click tools everyone looks for.

Double click the chart. In the list settings you can select PL ladder. It will show your profit and loss on the chart. Also makes it easy to set a stop loss if your averaging in trades. As the loss part of the ladder updates as you add to a position.

When it comes to the sim account. Just disable it in settings. Reactivate it when needed.

At the top right of the chart is a button called show orders and show trades. Here you show your trades on chart.

Ah, disabling the sim account worked perfectly for cleaning up my Order history! Thank you for that.

I actually rarely use the toolbar, as all my drawing tools are all binded to hotkeys (line, channel, price level, mouse). Curious what do you usually use the toolbar for?

And yup, I'm familiar with the PL ladder. But I dislike how it shows the $ value. I'd much rather see a per tick basis, otherwise the $ value throws me off (psychologically), hence I leave off. Don't think there's a way to show in ticks is there? And the show open trades/trades isn't quite what I wanted. I was hoping for a horizontal line that cuts across the screen (similar to when you have an outstanding limit/stop order), because the arrows really isn't that helpful, but I guess that's the best I can really do at the moment. Appreciate the tips once again

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  #65 (permalink)
Los Angeles, CA
 
 
Posts: 8 since May 2020
Thanks: 2 given, 1 received


Thuber View Post
There is a motivewave platform support forum that you may find useful. https://support.motivewave.com/forum/index.php

On the right side order panel there is a show orders icon at the top.

Yup I'm familiar with it. Mentioned it in my original post, but unfortunately it's pretty inactive

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  #66 (permalink)
Dallas, TX
 
Experience: Intermediate
Platform: MotiveWave, NinjaTrader
Broker: InteractiveBrokers, AMP Clearing
Trading: NQ, ES, GC (sometimes RTY, NG)
 
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Posts: 16 since Mar 2017
Thanks: 24 given, 9 received


Katabatik View Post
Unfortunately it's pretty inactive

MW just started the forum this year, so I wouldn't expect it to have the depth that NinjaTrader has in it's forum. I'm relatively active there! Same Scotty A

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  #67 (permalink)
Houston+Texas/United States
 
Experience: Intermediate
Platform: Ninja Trader, Motivewave
Broker: NinjaTrader, Oanda, TD Ameritrade
Trading: CL GC
 
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Katabatik View Post
Ah, disabling the sim account worked perfectly for cleaning up my Order history! Thank you for that.

I actually rarely use the toolbar, as all my drawing tools are all binded to hotkeys (line, channel, price level, mouse). Curious what do you usually use the toolbar for?

And yup, I'm familiar with the PL ladder. But I dislike how it shows the $ value. I'd much rather see a per tick basis, otherwise the $ value throws me off (psychologically), hence I leave off. Don't think there's a way to show in ticks is there? And the show open trades/trades isn't quite what I wanted. I was hoping for a horizontal line that cuts across the screen (similar to when you have an outstanding limit/stop order), because the arrows really isn't that helpful, but I guess that's the best I can really do at the moment. Appreciate the tips once again

The following settings will show you your entlry line. Once the order is filled the entry line bubble moves to the left side of the chart.

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  #68 (permalink)
Los Angeles, CA
 
 
Posts: 8 since May 2020
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ch123456 View Post
The following settings will show you your entlry line. Once the order is filled the entry line bubble moves to the left side of the chart.

Ah I forgot about that setting. I turned off all the entry order boxes because it was really annoying have to right click and dismiss everytime they showed up. However when I turn back on and match back to your settings, I do not get the horizontal line going across like you do. Is there another setting I need to enable?

EDIT - got it to work, thank you! Loving it now

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  #69 (permalink)
Los Angeles, CA
 
 
Posts: 8 since May 2020
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ScottyA View Post
MW just started the forum this year, so I wouldn't expect it to have the depth that NinjaTrader has in it's forum. I'm relatively active there! Same Scotty A

I'm honestly tempted to just go with NT instead of MW even though I'd have to way overpay on commissions. But just too many little things that are starting to annoy me with MW. Have you ever encountered a slow data feed in MW btw? And if so, is there a fix? I'm using CQG.

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  #70 (permalink)
Dallas, TX
 
Experience: Intermediate
Platform: MotiveWave, NinjaTrader
Broker: InteractiveBrokers, AMP Clearing
Trading: NQ, ES, GC (sometimes RTY, NG)
 
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Posts: 16 since Mar 2017
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Katabatik View Post
Have you ever encountered a slow data feed in MW btw? And if so, is there a fix?

Of course I have! In the same way that I've had a slow data feed while using NT8, NT7, TradeStation, etc. What platform doesn't have the occasional glitch?

Yes, there has always been a fix for slow data while using MotiveWave. I love the guys at MotiveWave Tech Support.


Katabatik View Post
I'm honestly tempted to just go with NT instead of MW even though I'd have to way overpay on commissions. But just too many little things that are starting to annoy me with MW.

Choosing a platform should be the least of your worries when it comes to trading. Go with NT8 IMO. You'll pay more for comms, but at least you won't be annoyed.

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June 9, 2020


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