i took the trail and aspins short course. it is the best wave software i have seen.it has some of the best fib.tools i have seen. price and support very good. however elliot waves are not for me. the auto wave counter is a waste of time.if you are an experenced wave counter and very good at it you will love the software. if you think the software can make you good at counting in short order you are wasting your time and money. hope it helps
I bought MotiveWave about a year ago purely as an Elliott Wave software. Rode out some bumps early on while they were still figuring some things out but it seems to be pretty stable now. It's a really good Elliott Wave Tool. I do use their automated EW to get a quick plotted wave count but then I adjust the points for my own analysis and continue plotting manually after that -- I agree with their counts maybe 70-80ish % of the time.
Fib tools are the best I've seen. I'm really happy with it.
Just starting to get into some strategy trading on it too now that they've got some built-in strategies and full strategy backtesting. I want to build my own strategies but they've only got a Java SDK so I'm struggling with that -- I'm an easy language guy and they don't support that.
Favorite Futures: Anything that moves (CL, FDAX, Stocks)
Posts: 35 since Nov 2010
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I ve too recently bumped into MotiveWave platform, was surprised, thought I know them all, not really famous in retail trading world (yet).
I have to admit it looks like a very promising all-around platform for a technical trader, supports all the main brokers/feeds, beautifull charts, especially if you trade Elliot Waves or do Fibbs and Ratio trading (Gann, Butterflies, Cypher, Bat patterns), then you ll be in heaven.
I have seen my favorite female trader Anne-Maria doing her analysis in MW on her Mac, so you can check out her youtube channel to see how it really "looks".
Mike, maybe you could ask the company to do some webinar/presentation of the platform, I am sure that would be insightfull and good marketing for them.
Last edited by zury; February 9th, 2013 at 03:37 PM.
Going in for a trial of MotiveWave next month or 2
A quote from the MotiveWave q&a was "Why no more 30 day trial? Yes, our original free trial period was 30 days, but we have switched it to 14 days. We found that most people needed only 14 days to test out the software and were not taking full advantage of the 30 days" .
Is that a red flag or what. sounds like people end up tired instead of pumped. 14 days isnt much time to get to know a program. 1600 risky, 300 90 days to me would be the only way to get a better feel. once tested, i will post my experience. I am also getting involve with MTPredictor, i own OmegaAlpha ElliottWave for MetaStock pro and ETS trading Metastock pro, brassert cycles, Waves and fibs very important tools. Im utilizing these tools as comparables against code builds. MTP appears to have excellent training and support well worth the 2 k just for that.
like any business, takes money to make money. cant win the indy 500 on a tricycle, and yes to risk getting into bed with someone you dont know.
Not a vendor, just a trader. I do not sell anything. Current studies involve EasyLanguage, Money Management and Technical Analysis. Do Enjoy: Fibs, S / R's , Eliotts, Cycles, Trends , Skews. Not Enjoy: fundamentals, Main St Media . It's all about keeping your emotions out of trading and work a system. Appreciate all insight as will be returned. Scotty B.
Last edited by bullsandthebears; February 17th, 2013 at 03:39 PM.
I used motivewave late last year with TDameritrade and had no issues other than the datafeed that tdameritrade provides is not all that great to run api apps from what i saw. Tdameritrade just supports stocks and not futures, so now im running it through rithmic connection on the mac through visionfinancial although they say its not officially supported on there side in terms of technical support.. It connects just like the ninjatrader does through rithmic. Vision says i may get charged CME fees as the waiver may not apply but i have doubts as to this, as ninjatrader does the same thing..
Trading is very smooth and easy, chart trading and dom trading is great and charts have lots of customizations to them.. In terms of look and interface its my favorite trading app i have used... I do like to have charts from thinkorswim to work with though in addition.. it is 64 bit java also and is very fast.. Support is very responsive and quick to make updates.
starting at $300 i think it make a worthwhile investment for the platform junkie. especially if you use a mac and want a robust rock solid platform.. i dont use windows myself but its supposed to work just as good on that side.. i dont use elliot waves myself either...
I recently trialed this software. I'd call it a sophisticated charting and analysis program with some solid discretionary trading capabilities and some automation and backtesting facilities.
1. The charts are beautiful with the best annotation and commentary facilities I've ever seen including a built in facility
to keep track of alternate analyses.
2. There are over 250 studies built in and wonder of wonders, they are correct and don't have to be tweaked. These are
not the usual junk code studies that you have to get off the web, sift through and tweak. They also have a lot of configurable settings.
3. You can write your own studies but you need to use the Java SDK.
4. The program supports a large number of instrument types including options which can be traded off the chart of the underlying instrument.
5. There are several versions of the software a various price points with add-on modules to custom configure a version
that suits your needs.
6. Support for a wide variety of data providers and brokers is included in all versions.
7. Automated capabilites are provided by a number of "strategies" - these appear to be studies that can generate buy and sell signals. You can build your own in Java.
8. This is a small dynamic company, support is responsive and the product is getting better and more complete at a phenomenal rate.
This is the best platform I've ever seen for Elliott, Gann and Fibonacci analysis and discretionary swing trading of a variety of instruments. I'm not a Gartley user but the tools also look very good.
I'ts my opinion that this is not a scalping platform, probably not for high volume day traders and may not be optimum for automated trading systems. It is so good, however, that it may be worth a look for many discretionary traders and technical analysts especially chartists and it's evolving very quickly.