“I think it's great but it needs a reverse position tab and on android - there is a problem that the b MKT and s MKT tabs are highlighted green and red but I'd also expect the other inside tab to be highlighted also but doesn't show up on my cell! please check - but if i install a weblink on my cell the colour backgrounds show up but on via the app!”
“I find the bracket orders a little confusing to set up initially compared to other platforms. But overall I like it and like that I can customize the space pretty easily. I don't get why we call the DOM the Hot order or whatever, I just want simplicity to pull up the DOM but maybe I haven't explored enough. I trade the VX Futures so it is slower more of a swing trade, I think I would find it hard to rapidly scalp or day trade on this platform.”
“I am a former Motivewave user on linux, while CQG Desktop does not compare directly in terms of sheer capability to Motive, I find it more than adequate for my trading style and strategy.
PROS:
Very customizable
Browser based so works well on Linux
Plenty of indicators and tools that should cover most retail traders needs
Continuous improvements with a forum where you can vote for features you want to see added
CONS:
Complex exit strategies with multiple legs are a real pain to set up, often leaving open pending orders that may get executed in a volatile market causing unforced losses if you're not on top of canceling said orders
Traders coming from more complex platforms may find the tools or indicators lacking complexity or configuration ability to fit their trading style; no footprint charts, TPO is limited etc...
Improvements that are highly voted on in the forum are not prioritized, some taking months to years if implemented at all
No journaling built in, and exporting trades tends to be very cumbersome and limited to about 30 days of trading history
DOM update speed is slower than dedicated software, so if you're a scalper may not be the best for that strategy
Overall I have been happy using CQG Desktop after Motivewave absolutely destroyed their software with the major 6-7 release upgrade, I've had to adjust my tooling and strategy to work within the limits of the software which hasn't been limiting for me at least for now. I also appreciate being able to jump on any machine with a browser and being able to access my complete trading setup without a bunch of hassle, makes trading while traveling a breeze.
My biggest complaint would be the lack of journaling or trading statistics built in to help you understand your current trading performance. If this feature was implemented I feel like it would be a strong contender for a 5 star review.”
