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Anyone trading with MW and Tradestation for micros or eminis? Wondering what your experiences have been? Specifically with regard to lag times in executing trades (compared to executing on TS directly)?
I'm a Mac user also trading FX with Oanda so was thinking MW might be a good fit...
I tried TradeStation for around one month and it was awful, my impression was that TS is too heavvy and execution was really slow. I tried in sim mode only, so I don't know if with real accounts it is better but I was afraid of puttin real money with this platform.
Also the platform used to crash very often (at least one or twice a day). I used a brand new laptop that I paid 3000+ dollars and had 32 GB ram.
In contrast MotiveWave is really light, it is fast and precise. It is not as fast as SierraChart which is my main platform but sierra is not compatible anymore with Rithmic, that's why I also need MotiveWave.
Motivewave sometimes has some lags but they are almost unperceivable. All in all I think TS is just not well built, their are too many options and graphic stuff but the platform is too unstable for me.
Motivewave has never crashed since I started to use it 3 months ago, with real money.
The only problem with MW is that there are still some "bugs", there are mistakes in the volume profile and reports are not correct. But all in all I can get away with that.
I just trade futures, so I have no datafeed for equities.
I saw that they allow the plAtform up with interactive brokers, but I am not sure if you need to use interactive brokers datafeed or you can combine with other datafeed.
Curious what the volume profile bugs are since that that is something I'll be using a lot of.
Also I understand that for for TS orders, the associated OSO bracket orders sit on the client side not on TS servers - has this presented any issues?
I compared the volumes at each price with those displayed by Sierrachart and Tradestation, and there were some discrepancies, basically the numbers in both Sierrachart and Tradestation were exactly the same while in MotiveWave there were some differences.
I just noticed that if you use the VOLUME-IMPRINT study, instead of volume profile, the number seem to be consistent.
See the attachments below.
1) sierrachart volume profile split between Overnight and Pit session (Regular trading hours)
2) MOtivewave Volume Profile split between Overnight and Pit session (the number are inconsistent with the volume shown in Sierrachart)
let me know if maybe I am wrong in configuring this study
3) Motivewave VOLUME IMPRINT, this is their name for the volume profile and I did not split it between Regular and extended trading hours, now the number are correct with the volume displayed by sierra (just sum the volumes of the overnight and pit session in sierra and you will get the numbers displayed in Motive wave.
Honestly after discovering the new Volume Imprint features, I can't understand why the numbers in "volume profile" study are not consistents, am I wrong in the way I set it up?
