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MotiveWave - experiences?


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MotiveWave - experiences?

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  #1 (permalink)
Curitiba, Brazil
 
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While looking for platforms, I found out about MotiveWave which does look very good and picked my interest, but I haven't found as much feedback around here as can be found for other platforms (like NT or SC).

So, does any futures.io (formerly BMT) member has already used (or is using) this platform? If so, what are your opinions about it? Pros, cons, good, bad, and so on.

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  #3 (permalink)
San Antonio, Texas.
 
 
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AMGT View Post
While looking for platforms, I found out about MotiveWave which does look very good and picked my interest, but I haven't found as much feedback around here as can be found for other platforms (like NT or SC).

So, does any futures.io (formerly BMT) member has already used (or is using) this platform? If so, what are your opinions about it? Pros, cons, good, bad, and so on.

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.

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  #4 (permalink)
Los Angeles
 
Experience: Intermediate
Platform: NinjaTrader, MotiveWave
Trading: ES
 
Posts: 1 since Sep 2015
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If you're into cross platform, Mac + Windows, then MotiveWave is excellent. The interface for MotiveWave is more polished compared NT. MotiveWave's java platform to write your own indicators are quite robust. The only reason I use NT now is because I use Jigsaw DOM for day trading which I got into recently. If you're into longer term technical analysis (weeks to months), then MotiveWave is a great choice.

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  #5 (permalink)
Houston+Texas/United States
 
Experience: Intermediate
Platform: Ninja Trader, Motivewave
Broker: NinjaTrader, Oanda, TD Ameritrade
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I just started using MotiveWave about 3 months ago. I really like it. I use MotiveWave for forex and NT for futures. MotiveWave has multiple indicators and strategies built in. Significantly more than NT does. It is also native to Mac and Windows.

What I Like about Motive:
1.It is easy to learn and setup
2. It lets you trade from the chart or the Dom.
3. The indicators and strategies are Amazing!
4. back testing is easy
5. It comes with so many pre-built indicators that I can install and log onto any system and and all my indicators are still there (unlike ninja)

What I don't like:

1. Vertical navigation of the chart is a little clunky
2. If you want an indicator that is not included, I think you have to find someone to program it for you.


Both Ninja and Motive are great platforms. You can't go wrong either way.

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  #6 (permalink)
Hawaii at the beach
 
Experience: Beginner
Platform: Nt8, MotiveWave, TOS
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Anymore feedback on this? I am not happy with my current reliability.

I'm looking into using it with ofa.

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  #7 (permalink)
Houston+Texas/United States
 
Experience: Intermediate
Platform: Ninja Trader, Motivewave
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I have used both products although not together. I am purchasing the Order Flow Analysis for Motive Wave this week. I will let you know how it goes.

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  #8 (permalink)
Houston+Texas/United States
 
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They have a special this week where you get a you get Motivewave and OFA for $792.00.

https://wj144.infusionsoft.com/app/orderForms/5f1513d9-e5d1-4ac9-8aff-778ba93136eb?inf_contact_key=33458ed905f9478a42031c12d0e8009bee3b865f34ca3560ea9e3cb221483752

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  #9 (permalink)
Canada
 
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Motivewave is an excellent charting platform, especially if you are a wave counter, fibs, gann or gartley etc, it has a lot of studies and you can do a lot with it. The documentation included is very thorough as well.however, there are cons :

For trading, the order handling side is quite simplistic, the DOm offer just very basic features, the options board is decent for equity options but untradeable for futures options due to flaws they have never addressed for years now. It is very hard and cumbersome to load a options strike in the dom, and then trade it for example.

When you contact support they will sound like they are wanting to be helpful, but when you get right down to it, they won't help much, just refer you to their documentation and if there is an issue, they will say it's on the development pile and you'll never hear from them again about it.

It is java based and therefore a memory/resource hog, especially with lots of charts open.

The have great documentation but very few videos on really using the platform, so you have to figure out a lot for yourself.

In all, I do not regret buying it per se, but I cannot use it for my intended purpose (trading futures options with it) so it for me is a realllllly expensive chart platform that gets used once in a while. Results may vary of course

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  #10 (permalink)
Phoenix Arizona
 
Experience: Beginner
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Hi All, I am using MV with the OFA addon and very happy with it so far, MV is very quick and very light on resources. OFA runs very smooth and quick.

I would totally agree the DOM is clunky and has some weird anomalies at times. I am trading through T4, so it is not an issue for me.

Danny

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  #11 (permalink)
Hawaii at the beach
 
Experience: Beginner
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Still thinking on this.
For the users is there FOOTPRINT and in multiple charts like range, volume, etc?

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  #12 (permalink)
Houston+Texas/United States
 
Experience: Intermediate
Platform: Ninja Trader, Motivewave
Broker: NinjaTrader, Oanda, TD Ameritrade
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Posts: 92 since Nov 2015
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The OFA system works two types of candles. It works on time based candles and the OFA system has its own candles which are a form of range bar called Probe and Rotation bars. I am very pleased with the system and would highly recommend.

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  #13 (permalink)
Houston+Texas/United States
 
Experience: Intermediate
Platform: Ninja Trader, Motivewave
Broker: NinjaTrader, Oanda, TD Ameritrade
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I attached photos of motivewave chart with ofa candles

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  #14 (permalink)
Houston+Texas/United States
 
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Chart with Volume Imprint Candles that come with Motivewave

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  #15 (permalink)
Houston+Texas/United States
 
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Chart with TPO Profiles on them. This feature comes with Motivewave

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  #16 (permalink)
Chiang Mai, Thailand
 
Experience: Beginner
Platform: Medved Trader, MotiveWave
Broker: IB/IQFeed
Trading: ES/NQ
 
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Japhro View Post
Motivewave is an excellent charting platform, especially if you are a wave counter, fibs, gann or gartley etc, it has a lot of studies and you can do a lot with it. The documentation included is very thorough as well.however, there are cons :

For trading, the order handling side is quite simplistic, the DOm offer just very basic features, the options board is decent for equity options but untradeable for futures options due to flaws they have never addressed for years now. It is very hard and cumbersome to load a options strike in the dom, and then trade it for example.

When you contact support they will sound like they are wanting to be helpful, but when you get right down to it, they won't help much, just refer you to their documentation and if there is an issue, they will say it's on the development pile and you'll never hear from them again about it.

It is java based and therefore a memory/resource hog, especially with lots of charts open.

The have great documentation but very few videos on really using the platform, so you have to figure out a lot for yourself.

In all, I do not regret buying it per se, but I cannot use it for my intended purpose (trading futures options with it) so it for me is a realllllly expensive chart platform that gets used once in a while. Results may vary of course

This quite the most accurate feedback to be found on motivewave, especially for the support. Using it for a couple weeks for stock / futures after using SC for while, I think this platform should deserve more publicity. It is a very complete package, neat user interface, Mac and Windows native, yes it is java but havent been an issue so far for the memory, a lot of indicators and extendable.

After spending weeks to configure SC, trying to get Number Bars working correctly with IB/IQFeed (unsuccessfully), it was a breeze to use MotiveWave Volume Imprint out of the box, having a basic but cordial support and readable documentation.

Also they provide different pricing levels and the trade version is very inexpensive. I m not using their advanced Elliot / Gartley studies, but if it is your thing, MotiveWave will certainly be goto platform.

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  #17 (permalink)
freasno, ca usa
 
Experience: Advanced
Platform: ninja trader
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sbusso View Post
This quite the most accurate feedback to be found on motivewave, especially for the support. Using it for a couple weeks for stock / futures after using SC for while, I think this platform should deserve more publicity. It is a very complete package, neat user interface, Mac and Windows native, yes it is java but havent been an issue so far for the memory, a lot of indicators and extendable.

After spending weeks to configure SC, trying to get Number Bars working correctly with IB/IQFeed (unsuccessfully), it was a breeze to use MotiveWave Volume Imprint out of the box, having a basic but cordial support and readable documentation.

Also they provide different pricing levels and the trade version is very inexpensive. I m not using their advanced Elliot / Gartley studies, but if it is your thing, MotiveWave will certainly be goto platform.

I would only recommend Motive Wave if you are really into longer term wave count charting. Harmonic patterns imo are no better than lunar cycles in trading, I would not recommend Motive for any type of day trader or short term trader it will slow down your machine especially if it is not the only platform you have running. SC with Infinity is far more resource efficient, along with TradeStation and TOS for an intra day active trader



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  #18 (permalink)
Chiang Mai, Thailand
 
Experience: Beginner
Platform: Medved Trader, MotiveWave
Broker: IB/IQFeed
Trading: ES/NQ
 
Posts: 7 since Sep 2011
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I m doing day trading, 3 platforms, not using waves, and my machine is running smoothly, it is not more resource demanding than IB (java also) or some other windows native platform I m using. Of course it may not be suitable for small or older computers. The important part for me was the time saved compared to SC, and I prefer spending this time trading than tweaking and guessing where to configure things. For people with small machines or who prefer to pay every month and spending days configuring it, SC is a good alternative.


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  #19 (permalink)
freasno, ca usa
 
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sbusso View Post
I m doing day trading, 3 platforms, not using waves, and my machine is running smoothly, it is not more resource demanding than IB (java also) or some other windows native platform I m using. Of course it may not be suitable for small or older computers. The important part for me was the time saved compared to SC, and I prefer spending this time trading than tweaking and guessing where to configure things. For people with small machines or who prefer to pay every month and spending days configuring it, SC is a good alternative.


I'm surprised your not noticing a slowdown from the memory usage of Motive Wave but that's good to hear.
As far as fees, SC is free if you do 15 RTs or so and if you don't it's like $15 a month, at least through Infinity Futures. I'm assuming you bought MW lifetime which is what, around $1000 or more depending on which version you purchased?? You'd have to pay for SC several years to equate that expense. Please correct me if missed something. Now if it's a preference thing regardless of details then to each their own, I hope MW works out for you long term

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  #20 (permalink)
Chiang Mai, Thailand
 
Experience: Beginner
Platform: Medved Trader, MotiveWave
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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).

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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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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
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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
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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
 
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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
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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
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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
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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
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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
 
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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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  #31 (permalink)
Yorktown, VA
 
Experience: Intermediate
Platform: Motivewave, Zanner, TView
Broker: DeCarley
Trading: Currency
 
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Leatherneck View Post
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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This would be a question for Motivewave support. The data providers will obviously be the maintainers of the data. Im pretty sure if you wanted to pull 10years of data to plot on your chart that can happen. You just need to make sure you have a data provider that stores the amount of data your looking for.

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  #32 (permalink)
Hawaii at the beach
 
Experience: Beginner
Platform: Nt8, MotiveWave, TOS
Broker: S5
Trading: ES, ZB fine alcohol and muscle cars
 
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Posts: 537 since Apr 2013
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Wow that is cjeap

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  #33 (permalink)
Houston+Texas/United States
 
Experience: Intermediate
Platform: Ninja Trader, Motivewave
Broker: NinjaTrader, Oanda, TD Ameritrade
Trading: CL GC
 
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Many were complaining of slow loading tick charts. They have fixed the slowness in this release.

What's New in MotiveWave 5.4

(Released June 5, 2018)

Below is information on the major features and enhancements included in MotiveWave's version 5.4 (since the last major release of version 5.3). Please visit the MotiveWave download page for full Release Notes on each release including minor releases and to download the latest version of MotiveWave.

FEATURES

1. Fractional Volume - Support for fractional orders (values < 1) in crypto currencies. This affects live and historical data as well as placing orders on the simulated account.
2. Java 9 - Updated to the Java implementation (9.0.4).
3. PL Calculation Method - By default MotiveWave will calculate P/L using the current Bid/Ask price. You can change this to use last price in the Preferences Dialog (Configure -> Preferences from the Console Menu Bar). Click on "General" and then the "General" sub tab.
3. Java Mail - upgraded to the latest Java Mail API.
4. Double Click Properties - A new option has been added to the Preferences dialog to disable the feature to show the component properties when double clicking on a figure. See Configure -> Preferences from the Console menu bar, click on "Chart" then on "Options".
5. Historical Tick Data Performance Enhancements - Significant enhancements have been added to optimize the loading of large tick data sets (millions of ticks). This will improve the loading time and reduce memory usage. Existing studies and components have been updated to take advantage of these improvements..
Cumulative Delta - Added "Delta" to the cursor data. This is the closing delta - opening delta. Also re-implemented to reduce the memory footprint.

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  #34 (permalink)
Chicago, IL
 
 
Posts: 29 since Mar 2011
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AMGT View Post
While looking for platforms, I found out about MotiveWave which does look very good and picked my interest, but I haven't found as much feedback around here as can be found for other platforms (like NT or SC).

So, does any futures.io (formerly BMT) member has already used (or is using) this platform? If so, what are your opinions about it? Pros, cons, good, bad, and so on.

I've tried to sign up for a demo which is nearly impossible and never got the chance. I have looked at the pricing and it's not that cheap but I do have a MAC computer and would like to use it to trade and I do see what MotiveWave is compatible with Apple computers

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  #35 (permalink)
Houston+Texas/United States
 
Experience: Intermediate
Platform: Ninja Trader, Motivewave
Broker: NinjaTrader, Oanda, TD Ameritrade
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stopnlimits View Post
I've tried to sign up for a demo which is nearly impossible and never got the chance. I have looked at the pricing and it's not that cheap but I do have a MAC computer and would like to use it to trade and I do see what MotiveWave is compatible with Apple computers

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.

Signup for our 14 Day Free Trial

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  #36 (permalink)
Toronto Ontario
 
 
Posts: 7 since Aug 2018
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Random question, is there a way to pull up like an objects window like on MetaTrader 5? I tend to draw a lot of horizontal rays. I would like to be able to just mass delete them. So far, I haven't been able to figure it out.

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  #37 (permalink)
Houston+Texas/United States
 
Experience: Intermediate
Platform: Ninja Trader, Motivewave
Broker: NinjaTrader, Oanda, TD Ameritrade
Trading: CL GC
 
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jhehe View Post
Random question, is there a way to pull up like an objects window like on MetaTrader 5? I tend to draw a lot of horizontal rays. I would like to be able to just mass delete them. So far, I haven't been able to figure it out.

Push the Alt button and "V" button at same time. It will bring up the object viewer window.

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  #38 (permalink)
Toronto Ontario
 
 
Posts: 7 since Aug 2018
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thanks, I'm amazed by how customizable MotiveWave is and the amount of short cuts available at your disposal. Already signed up for an account with Amp Futures. Hoping to use this platform once I pass KYC and go live.

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  #39 (permalink)
Houston+Texas/United States
 
Experience: Intermediate
Platform: Ninja Trader, Motivewave
Broker: NinjaTrader, Oanda, TD Ameritrade
Trading: CL GC
 
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jhehe View Post
thanks, I'm amazed by how customizable MotiveWave is and the amount of short cuts available at your disposal. Already signed up for an account with Amp Futures. Hoping to use this platform once I pass KYC and go live.

Your welcome. Yes. It's very customizable. I really like it. It's a great platform. Awesome! Wishing you the best with your test and your trading.

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  #40 (permalink)
Toronto Ontario
 
 
Posts: 7 since Aug 2018
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Damn, unfortunately it looks like Amp no longer has that special offer with waiving platform fees and charging $0.25 per side. I will be going with CQG's QTrader then. It looks like the next best platform for me.

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  #41 (permalink)
Hawaii at the beach
 
Experience: Beginner
Platform: Nt8, MotiveWave, TOS
Broker: S5
Trading: ES, ZB fine alcohol and muscle cars
 
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Posts: 537 since Apr 2013
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https://www.motivewave.com/studies/studies.htm

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  #42 (permalink)
Warsaw
 
 
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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,

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  #43 (permalink)
Dallas, TX
 
Experience: Intermediate
Platform: MotiveWave, NinjaTrader
Broker: InteractiveBrokers, AMP Clearing
Trading: NQ, ES, GC (sometimes RTY, NG)
 
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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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  #44 (permalink)
Winterthur/ Switzerland
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES
 
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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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  #45 (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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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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  #46 (permalink)
Minneapolis Minnesota
 
Experience: Beginner
Platform: Tradestation/ Interactive
Broker: Interactive Brokers/ Tradestation
Trading: Emini ES
 
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Posts: 58 since Jan 2017
Thanks: 18 given, 11 received

Quick question guys. How do we connect tradestation to motivewave

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

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It's in the User Manual pages 15-18

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  #48 (permalink)
Minneapolis Minnesota
 
Experience: Beginner
Platform: Tradestation/ Interactive
Broker: Interactive Brokers/ Tradestation
Trading: Emini ES
 
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Posts: 58 since Jan 2017
Thanks: 18 given, 11 received

I got it. Thanks alot

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  #49 (permalink)
Hawaii at the beach
 
Experience: Beginner
Platform: Nt8, MotiveWave, TOS
Broker: S5
Trading: ES, ZB fine alcohol and muscle cars
 
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Posts: 537 since Apr 2013
Thanks: 1,136 given, 394 received

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

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  #50 (permalink)
Canada
 
 
Posts: 4 since Aug 2019
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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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  #51 (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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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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  #52 (permalink)
 
 
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Posts: 175 since Mar 2013
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KahunaDog View Post
MW has been having a lot of youtube uploads and continues updating and upgrading.

We've had an increase in clients asking about MotiveWave and demos on the platform. It's a great solution especially if you are a MAC user. There TPO charts is especially nice and provide tons of info. I haven't used it enough because we offer many different platforms but if you are a MAC user and you're looking for a good platform that isn't web based, MotiveWave is a good option in my opinion.

PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. Trading commodity futures, forex and options involves substantial risk of loss. The recommendations contained in this post are of opinion only and do not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not necessarily indicative of future results.
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  #53 (permalink)
Los Angeles, CA
 
Experience: Advanced
 
Posts: 40 since Nov 2019
Thanks: 42 given, 7 received

Curious if anyone has any updated experiences to discuss?

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  #54 (permalink)
Yorktown, VA
 
Experience: Intermediate
Platform: Motivewave, Zanner, TView
Broker: DeCarley
Trading: Currency
 
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Posts: 406 since May 2017
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Greenmoose View Post
Curious if anyone has any updated experiences to discuss?

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

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  #55 (permalink)
Los Angeles, CA
 
Experience: Advanced
 
Posts: 40 since Nov 2019
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TradeTheLevel View Post
I been using it for years. It's faster and better with the latest updates.

Curious if you have any experience with DOM trading? Compared to say Jigsaw or Sierra in terms of speed and execution?

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  #56 (permalink)
Yorktown, VA
 
Experience: Intermediate
Platform: Motivewave, Zanner, TView
Broker: DeCarley
Trading: Currency
 
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Posts: 406 since May 2017
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Greenmoose View Post
Curious if you have any experience with DOM trading? Compared to say Jigsaw or Sierra in terms of speed and execution?

No issues with execution. I'm not a DOM trader so I can't comment about those features.

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  #57 (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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Greenmoose View Post
Curious if you have any experience with DOM trading? Compared to say Jigsaw or Sierra in terms of speed and execution?

I find the 2019 MotiveWave DOM updates put the software on a similar playing field as Jigsaw. (Would be better with Rithmic data rather than CQG.) Here's a screenshot from when they first released the updates in early 2019:

Scotty A's Advanced DOM March2019


Never executed with Jigsaw, but I own, love, and have watched it in the past. SC is quite robust based on the testimony from many colleagues that use Sierra Charts, but I cannot comment as I've never used it.

Agree 100% with @TradeTheLevel. MotiveWave is super-fast, as I love the updates they continue to make.

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  #58 (permalink)
Los Angeles, CA
 
Experience: Advanced
 
Posts: 40 since Nov 2019
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ScottyA View Post
I find the 2019 MotiveWave DOM updates put the software on a similar playing field as Jigsaw. (Would be better with Rithmic data rather than CQG.) Here's a screenshot from when they first released the updates in early 2019:

Scotty A's Advanced DOM March2019


Never executed with Jigsaw, but I own, love, and have watched it in the past. SC is quite robust based on the testimony from many colleagues that use Sierra Charts, but I cannot comment as I've never used it.

Agree 100% with @TradeTheLevel. MotiveWave is super-fast, as I love the updates they continue to make.

Thank you everyone. Definitely seems like Motivewave is an amazing under the radar choice.

Now I'll have to wait for one of their sales....

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  #59 (permalink)
Los Angeles, CA
 
Experience: Beginner
Platform: NinjaTrader, TOS
Trading: Emini ES, NQ, YM
 
Posts: 5 since Aug 2017
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ScottyA View Post
I find the 2019 MotiveWave DOM updates put the software on a similar playing field as Jigsaw. (Would be better with Rithmic data rather than CQG.) Here's a screenshot from when they first released the updates in early 2019:

Scotty A's Advanced DOM March2019


Never executed with Jigsaw, but I own, love, and have watched it in the past. SC is quite robust based on the testimony from many colleagues that use Sierra Charts, but I cannot comment as I've never used it.

Agree 100% with @TradeTheLevel. MotiveWave is super-fast, as I love the updates they continue to make.

Are you using MW on 4K monitor? I run MW on 3 x 4K monitors and I find it struggles quite a bit. Candlesticks would lag for 4-5 ticks during fast market. Sometimes with two charts open side by side, same instrument, same tick size, the candlesticks on both chart would eventually appear differently until I clear local cache or change the bar size. Their DOM is excellent though.

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  #60 (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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xiixexe View Post
Are you using MW on 4K monitor? I run MW on 3 x 4K monitors and I find it struggles quite a bit. Candlesticks would lag for 4-5 ticks during fast market. Sometimes with two charts open side by side, same instrument, same tick size, the candlesticks on both chart would eventually appear differently until I clear local cache or change the bar size. Their DOM is excellent though.

System lag rarely comes from the monitors, as it's more likely a graphics card issue. There could also be a slew of other issues, such as the type of Studies you use and how many.

I used to run a 2011 iMac that worked great! It was one of the 1st Apple comps to incorporate Thunderbolt, but when I plugged in a third monitor, WOW! MW could barely function. All that due to the graphics card.

Now, I have an iMac Pro, which is 5k, another LG 5k monitor, and then the legacy Apple Thunderbolt display which is 2560 x 1440 (1440p/QuadHD/WideQuadHD)... so 3 total.

ZERO issues with MotiveWave lag due to the computer, but when I put on a tick-based, data-intensive Study like Volume Imprint, sure, MW can lag in a fast market. It's not the iMac Pro for sure!

I also find that the broker data feed and how many Active Tickers you have can slow things down. I didn't have any issues with IB stocks/indices, but with free TD Ameritrade data, MW clogged very quickly, especially near the open.

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  #61 (permalink)
Los Angeles, CA
 
 
Posts: 8 since May 2020
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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.

Signup for our 14 Day Free Trial


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
 
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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
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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
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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
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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.

Xnip2020-06-08_13-53-35


Xnip2020-06-08_13-55-09


Xnip2020-06-08_13-56-40

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  #68 (permalink)
Los Angeles, CA
 
 
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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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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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  #71 (permalink)
Singapore
 
 
Posts: 1 since Nov 2019
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I've been on trial and loving it since it's native on Mac. TOS suffers on Mac, and been looking for ways to port my custom indicators over.
Anyone knows anybody who can convert tos scripts over to Motivewave?

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  #72 (permalink)
Dallas, TX
 
Experience: Intermediate
Platform: MotiveWave, NinjaTrader
Broker: InteractiveBrokers, AMP Clearing
Trading: NQ, ES, GC (sometimes RTY, NG)
 
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Playstation View Post
Anyone knows anybody who can convert tos scripts over to Motivewave?

Absolutely! My guy, Daniel Sinnig at tradingindicators.com can do it. He's already created MotiveWave Studies out of all the TOS scripts.

https://tradingindicators.com/products/#motivewave

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  #73 (permalink)
NY, NY
 
 
Posts: 5 since Aug 2020
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Just started using MotiveWave and it’s great! Seems like a great tool for Mac users.

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  #74 (permalink)
Chicago IL USA
 
Experience: Intermediate
Platform: Tradestation
Broker: Tradestation
Trading: ES,NQ, CL
 
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Posts: 106 since Feb 2019
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Hello all, I have TD data feed running in motive wave and then tradestation data feed in the back ground right side showing the same FIB pivot point indicator. As you can see the Fib pivot points are a bit off no worries. The problem i have is with data feed. Take a look at the last 2 hour close. on motivewave using TD data feed it looked flat. Now take a look at the tradestation on the right.

Anyone else have this issue?


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  #75 (permalink)
Berlin Germany
 
 
Posts: 83 since Jul 2020
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I'm using NinjatraderBrokerage in combination with Ninjatrader8 lifetime license and CGQ feed. Is it possible to use MotiveWave with that combination?

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  #76 (permalink)
Malaysia
 
 
Posts: 27 since Aug 2020
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patricia View Post
I'm using NinjatraderBrokerage in combination with Ninjatrader8 lifetime license and CGQ feed. Is it possible to use MotiveWave with that combination?



Download their free trial. Log in your CGQ. Then I think you will know how it works or not works. (I think it is ok, but not sure there’s any plug in for NJ8, though you can use them concurrently)


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  #77 (permalink)
Mossel Bay-South Africa
 
Experience: Intermediate
Platform: Sierra - MetaTrader 5
Broker: ActivTrades - Amp/Rithmic
Trading: Futures and FX
 
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Thanks: 18 given, 37 received

Does anyone know how to get rid of this white marker in the price scale?


MW

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  #78 (permalink)
Rovigo (ITALY)
 
Experience: Intermediate
Platform: SierraChart, MotiveWave
Broker: Rithmic, Dorman, Interactive Brokers
Trading: Emini, Nasdaq, DAX, Bund, IBEX
 
SBtrader82's Avatar
 
Posts: 230 since Feb 2018
Thanks: 93 given, 422 received

Does anyone know how to mask the account name is Motivewave? I sometimes make videos and I would like to hide my account number

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  #79 (permalink)
Houston+Texas/United States
 
Experience: Intermediate
Platform: Ninja Trader, Motivewave
Broker: NinjaTrader, Oanda, TD Ameritrade
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SamJames View Post
Does anyone know how to mask the account name is Motivewave? I sometimes make videos and I would like to hide my account number

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I just go into into preferences and create a simulted account. When you make your video, click on the account drop down menu and choose simulated. This method is a work around but serves to hide your account number.

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  #80 (permalink)
Rovigo (ITALY)
 
Experience: Intermediate
Platform: SierraChart, MotiveWave
Broker: Rithmic, Dorman, Interactive Brokers
Trading: Emini, Nasdaq, DAX, Bund, IBEX
 
SBtrader82's Avatar
 
Posts: 230 since Feb 2018
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Thanks, but I would like to trade live and make videos. I would justbkoke to hide the last digits of the account, but I cannot trade on sim
ch123456 View Post
I just go into into preferences and create a simulted account. When you make your video, click on the account drop down menu and choose simulated. This method is a work around but serves to hide your account number.

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  #81 (permalink)
Melbourne, FL
 
 
Posts: 10 since Jul 2020
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SamJames View Post
Thanks, but I would like to trade live and make videos.

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There must be a blur filter you can use for your broadcast software. If not, you may want to look at other software.

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  #82 (permalink)
orlando+florida/unitedstates
 
Experience: Intermediate
Platform: TS, TOS
Broker: TS, TDA, TW
Trading: Micros, Options
 
Posts: 8 since Jan 2019
Thanks: 4 given, 0 received

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...

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  #83 (permalink)
Istanbul / Turkey
 
Experience: Master
Platform: Motivewave
Broker: TDA, IBKR, Tradovate, EdgeClear
Trading: ES, Currency, FDAX
 
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Sad Planet View Post
Does anyone know how to get rid of this white marker in the price scale?


MW

Right click, remove all guides...

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  #84 (permalink)
Rovigo (ITALY)
 
Experience: Intermediate
Platform: SierraChart, MotiveWave
Broker: Rithmic, Dorman, Interactive Brokers
Trading: Emini, Nasdaq, DAX, Bund, IBEX
 
SBtrader82's Avatar
 
Posts: 230 since Feb 2018
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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.


salander View Post
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...

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  #85 (permalink)
HOUSTON
 
 
Posts: 6 since Oct 2020
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SBtrader82 View Post
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.



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How are you getting data for regular equity tickers?


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  #86 (permalink)
Rovigo (ITALY)
 
Experience: Intermediate
Platform: SierraChart, MotiveWave
Broker: Rithmic, Dorman, Interactive Brokers
Trading: Emini, Nasdaq, DAX, Bund, IBEX
 
SBtrader82's Avatar
 
Posts: 230 since Feb 2018
Thanks: 93 given, 422 received

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.


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  #87 (permalink)
orlando+florida/unitedstates
 
Experience: Intermediate
Platform: TS, TOS
Broker: TS, TDA, TW
Trading: Micros, Options
 
Posts: 8 since Jan 2019
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SBtrader82 View Post
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.



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Thanks for your input, much appreciated.

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?

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  #88 (permalink)
Rovigo (ITALY)
 
Experience: Intermediate
Platform: SierraChart, MotiveWave
Broker: Rithmic, Dorman, Interactive Brokers
Trading: Emini, Nasdaq, DAX, Bund, IBEX
 
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salander View Post
Thanks for your input, much appreciated.

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?

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  #89 (permalink)
Singapore
 
Experience: None
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@SBtrader82. Do contact support@motivewave.com on this & let us know how it goes. Bugs like this need to be fixed.

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  #90 (permalink)
Malaysia
 
 
Posts: 27 since Aug 2020
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My Mac M1 is on the way. Anyone has any experience (or difficulty)?with the new M1 Macs using Motivewave?


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  #91 (permalink)
West Seneca, NY
 
 
Posts: 3 since Sep 2019
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yolo778778 View Post
My Mac M1 is on the way. Anyone has any experience (or difficulty)?with the new M1 Macs using Motivewave?

I’ve been using it on my M1 Mac Mini for couple days. No issues at all. Runs very smooth.

Waiting for their next sale to purchase license.

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  #92 (permalink)
Malaysia
 
 
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parth6512 View Post
I’ve been using it on my M1 Mac Mini for couple days. No issues at all. Runs very smooth.



Waiting for their next sale to purchase license.



Do you get platform "throttling" and "lagging" after some sometime of usage?

Don't know what my issue is. Yesterday I try to leave it on for a whole day, I just get a data timeout message, meanwhile the platform is running like a 1 htz monitor if not completely frozen. Lol. I have this issue with my previous laptop and this mac mini (16 ram)



Wonder how you "run very smooth"?

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  #93 (permalink)
West Seneca, NY
 
 
Posts: 3 since Sep 2019
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yolo778778 View Post
Do you get platform "throttling" and "lagging" after some sometime of usage?

Don't know what my issue is. Yesterday I try to leave it on for a whole day, I just get a data timeout message, meanwhile the platform is running like a 1 htz monitor if not completely frozen. Lol. I have this issue with my previous laptop and this mac mini (16 ram)



Wonder how you "run very smooth"?

I don’t have those issues you are describing. Mine has been running(24/7) for last few days now along with ToS. One thing I did have to change was to enable “Prevent computer from sleeping automatically” in System Preferences > Energy Saver.

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  #94 (permalink)
Port St. Lucie, FL
 
 
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Try going into the settings of the volume profile and uncheck "use historical bars". It is my understanding that with this checked it gives you an "estimate" but drastically improves the load time. Unchecked it will pull from raw data.

Hope that helps





SBtrader82 View Post
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?


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  #95 (permalink)
Malaysia
 
 
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Donovan2580 View Post
Try going into the settings of the volume profile and uncheck "use historical bars". It is my understanding that with this checked it gives you an "estimate" but drastically improves the load time. Unchecked it will pull from raw data.

Hope that helps

Hello Donovan,

Thanks for the advise. Even though it does not really improve on my situation.
It's frustrating to see that my computer is running smoothly but the app is not. Something is just not right.
I switched back to my old Intel mac for a while, and it actually does a bit better than the M1. So there might be a compatibility issue.
Not sure how people say it runs smoothly? Wonder what kind of charts they are using?

Of course, if I tone the platform way down to the most simple studies, it can run better. But what is the point paying for a platform if I cannot "power use" for the price? Even when you have enough RAM and CPU.
BTW, with historical data checked, I am not getting a correct delta reading on my volume imprint. So that sucks too.

The only solution to me is just logging out and logging back in

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  #96 (permalink)
Berlin+Germany
 
 
Posts: 9 since Jan 2020
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I come from stock trading and would like to try out future trading. I tested SC and bought the Order Flow Edition of MW.
I have an IB account for years and i am permitted for future trading
At first i donīt want to pay too much for datafeed and want only use IBīs datafeed. I always subscribed "US Equity and Options Add-On Streaming Bundle"
which contains future quotes without market depth. IB also offers "US Futures Value Bundle PLUS" for market depth. Would a subscription make sense?
Honestly i donīt know how to use the whole market profile, oder flow stuff, i would trade from a one minute chart at first.
My question: Would IBīs future datafeed be sufficent for my needs (try out) as a beginner future trader?

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  #97 (permalink)
Houston+Texas/United States
 
Experience: Intermediate
Platform: Ninja Trader, Motivewave
Broker: NinjaTrader, Oanda, TD Ameritrade
Trading: CL GC
 
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Posts: 92 since Nov 2015
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Antares66 View Post
I come from stock trading and would like to try out future trading. I tested SC and bought the Order Flow Edition of MW.
I have an IB account for years and i am permitted for future trading
At first i donīt want to pay too much for datafeed and want only use IBīs datafeed. I always subscribed "US Equity and Options Add-On Streaming Bundle"
which contains future quotes without market depth. IB also offers "US Futures Value Bundle PLUS" for market depth. Would a subscription make sense?
Honestly i donīt know how to use the whole market profile, oder flow stuff, i would trade from a one minute chart at first.
My question: Would IBīs future datafeed be sufficent for my needs (try out) as a beginner future trader?



This data bundle works fine for trading with both Market Profile and the Footprint in MW.


(I do have to warn, if you use tick charts, the IB futures data takes forever (beyond slow) to load. However, once it loads it works fast and perfect the rest of the day. I always fire up MW and then go make a pot of coffee. When I come back the data is usually loaded into the charts.

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  #98 (permalink)
Berlin+Germany
 
 
Posts: 9 since Jan 2020
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This is exactly what i already subsribed ;-) Thank you very much for your advice. If i understand you correctly, you are not an orderflow/market profile/DOM Trader.
I am a little bit suprised that our subscription works so well for futures because using it for stock trading is awful. The stock charts take minutes to backfill or you get an pacing violation message.
For stock charting i use TC 2000 and not MW. If i consider trading stocks with MW, i would use another datafeed like barchart or iq. But this costs 60 bucks extra minimum.

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  #99 (permalink)
Singapore
 
Experience: None
Platform: NT, MT, TWS
Trading: Index Futures, FX
 
Posts: 6 since Mar 2017
Thanks: 6 given, 1 received


parth6512 View Post
I don’t have those issues you are describing. Mine has been running(24/7) for last few days now along with ToS. One thing I did have to change was to enable “Prevent computer from sleeping automatically” in System Preferences > Energy Saver.

What's your Mac mini config? 16gb or 8Gb ram?

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  #100 (permalink)
West Seneca, NY
 
 
Posts: 3 since Sep 2019
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zeyes View Post
What's your Mac mini config? 16gb or 8Gb ram?

Base 8GB model.

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