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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.
The following user says Thank You to AMGT for this post:
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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.
The following user says Thank You to 1965 for this post:
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.
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.
The following user says Thank You to ch123456 for this 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
The following user says Thank You to Japhro for this post:
