The screenshots you just shared show that there are very little similarities between the two programs from a graphical and organizational perspective. I've used both programs. Believe me, they are nothing alike.
You probably are demoing the full-blown Ultimate Edition. Try asking them for a Trade Edition demo. They will give you access to that. That's what I use, and it's simple and very efficient. If you are a price action trader, I think you will find the Trade Edition pretty attractive.
You should contact MotiveWave support for your tick chart problems. Perhaps something isn't configured properly. Not really fair or accurate to disparage software before attempting to fix any possible underlying issues.
As for the looks. We beg to differ. Yes, I am testing out the ultimate edition. The trader edition may be as you say. I already have ninja trader as my set up. Otherwise I'd look more into the tick chart issues.. I'm just providing some feedback on the product. I like it, just needs some tweaks as I mentioned above.
All trading platforms look "similar" to each other, then, if NT and MW can be said to look similar. Hey, they all have menus and charts and DOM. Does that mean they are similar? And yeah, all software needs some tweaks according to different users. The thing that is most helpful when reviewing software is to actually comment on usability, performance, and bugs... not "user preference" issues (like colors, and schemes, etc.) because those things are highly specific to each person's tastes, and rather irrelevant to trading. Would you honestly give trading software a rating based on how many colors you can paint the bars with? When I test out software, I am looking for things like efficiency, ease of use, memory usage, charting features, chart data issues, etc. So far, MotiveWave and Sierra Chart are my favorite, by a long shot.
You did bring up a valid issue with the tick data - if you did get MotiveWave support involved in this issue, I'm sure they could assist. Keep in mind that Interactive Brokers' API is highly complicated, and even Sierra Chart says that there can be numerous issues because of the complexity of what they are dealing with.
In some weeks, I will post a review of the software and describe it better for people who are interested in using it. I think one of the most off-putting things about the software is its name - it leads people to think it's all about Elliott Wave theory. It's really not. It just has all that stuff specifically in the Ultimate Edition. If you are a price action trader and think Elliott Wave theory is a bunch of crap, then just ignore that edition. I don't use anything wave related when I am trading. The Professional Edition (and all the editions below that) have nothing to do with Elliott Wave.
The following user says Thank You to mangolassi for this post:
I sent a message to support with this thread. It sounds like the issues I had have been fixed. So upon further review. I'd give it an A.. I think the trader edition for $295 lifetime is a very good deal. When you compare it to ninja trader at $1000. I've just used ninja trader for quite sometime and am quite happy. But if I had to buy a platform and traded on price action. I would buy the motive wave trader version for $295.
Last edited by Magiklair; May 18th, 2015 at 03:06 PM.
The following user says Thank You to Magiklair for this post:
I trade multiple instruments and have 4 charts open at the same time. Switching from time-based chart to tick/range is the biggest issue, as it can take over a minute sometimes. I'll email their support and see what they say.
I am using Motivewave as my primary Platform to trade Equities and Futures.
Details on what I trade:
- Equities. I swing trade equities. I tend to hold on to the equities position for as short as 1 week and as long as 1 year.
- Futures: I day trade futures. I trade CL, TF, NQ, and GC on a 5 min bar.
- My main brokerage for both Equities and Futures is Interactive Brokers. My Backup Futures Brokerage is NinjaTrader.
I run exclusively on a MAC computer (MacBook Pro). When I need to switch to Ninjatrader, I startup Parallel (VM) on a MAC.
I do not work for Motivewave and I am not a spokesman for them, but I do use it.
- They support a MAC computer. This is probaly the number one reason fro me. I use a MAC. They use JAVA, so their software runs on a MAC/PC and I think linux. Most of the platform out there only support windows.
- The second best reason of why I chose them is their support. Their support is top notch. You will get a response back from them before the end of the day, sometimes, within 10 minute of you sending them an email.
- Motivewave has a lot of features. Go to their website and you can find out what they all are.
- Their charts are easy to the eye. Tonnes of customizations available.
- They have built in Elliotwave, Gann, and gartley tools. I used to use Elliotewave exclusively for all my trading, but less to an extent now. I still use Elliotwave and to some extent Gartley patterns on my longer term equities trades. I don't use it much for Futures.
- For all you get, the Ultimate edition is priced reasonably compared to other platform.
Below is a link to the Motivewave platform in action today for me. The first trade on CL missed my entry by 1 tick. The other trade is in TF (you will need to fast forward to close to the end of the video to see that trade). The TF trade also shows you the many features in Motivewave to manage a trade.