“My review is based on the MW OrderFlow edition of the previous ver6. I decided to stay on ver6 because new ver7 didn’t introduce any significant new features, it had many bugs and it also eliminated support for previous custom-build studies.
MW is flexible, customisable, robust, not resource-hungry, multi-OS.
But actually it has limited number of useful features. Instead there hundreds of outdated, redundant price-based studies and full functionality comes with Pro edition, which is heavily overpriced. The platform development is focused on implementing its own visions, feature requests are largely ignored. Serious bugs of the previous ver6 are left without a fix.
As a free broker-sponsored platform I would recommend it. However, in case of paid subscription I would opt for better alternatives.”
“Charts look fine and there are enough ,standard,indicators, and there is even an Elliott wave indicator which works very good! The platform has a load of trading settings which can be adjust to your own styl, not every tradingplatform has that..just like it doesnt have an Elliott wave indicator like this one...Helpdesk is very helpful ! Honestly there are no bad things about the software/platform to write! It's happy trading so to speak....”
“Motivewave is generally a great piece of software. However, on macOS, especially during scalping and particularly volatile days, the candles lag behind the actual data. Furthermore, if Motivewave draws, the price has already moved.”
“Hi. Let me start my review by giving you some context. In my long journey in the markets (20+ years) as a retail trader I have obviously used many platforms, mainly free, but at some point I decided I should get an independent paid version. So, years ago, after a little bit of research I decided to go with Motivewave and bought the Trade Edition license. Since I found out that the platform was covering all my needs, I followed all the updates available until the version 6.8.8, the one I am currently using and never looked back( I will explain later why I didn't update to the newer versions). Here, I should mention that both the process of purchasing the original license and the updating was very fast and easy. In few words, I was really impressed about the professionalism of the people behind this project. As a side note about me, I am extremely selective with the people I trust and do business with.
Now, you may ask. Where there any bugs in the platform? Sure. Did the platform covered everything? Of course not. Is it the best trading platform in the market? I don't know. I will tell you what I know after 5+ years of using it.
First of all, the was only one time that I experienced a platform crash and even then I am not sure it was their fault. The platform is rock stable during the session under ALL market conditions ( I am trading the SP500 futures ) and the order placement & management procedures not only covers all your preferences but is as fast as it gets.
For me at least, the above are the most important features a trading platform MUST have. On top of that, considering the variety of the options that the platform offers to the trader, the layout is so compact and organized that I cant think of anything that can be more user friendly ( I am using a 3 monitor setup for my trading).
Of course, I don't use most of the platform extra features, because I just don't need them. From time to time I have tested some of them and I didn't encounter any problems. The feature I would definitely recommend is the Trade Report. It has everything you want to know about your performance as a trader.
Additionally, I have written my own indicators in java by following the instructions in their website. I should admit it is not something easy to do it by yourself , unless you have some software development skills ( which I have), but it is not their fault. They have done their best by offering all the resources for free to the user with examples and step by step instructions.
Some final words. As I said I didn't update to the later versions of Motivewave, because of the simple fact I don't need to. After so many years in the field, I know what works for me. This doesn't mean that Motivewave does not offer all the modern tools such as order flow, speed of tape etc.. I am fully covered as it is and the only reason I can think of to update in the future will be probably for compatibility issues with newer features ( broker, exchange related, etc.). I am really happy with the platform and I recommend it to any serious trader. As a disclaimer, I am not getting any money for writing this review, it is my honest opinion and I hope in this way to help the undecided traders to make an excellent choice for their trading and to return something back to the Motivewave team
for their outstanding work.
(p.s English is not my mother language, so I apologize for any mistakes. )”
“I love motivewave. Best trading app other than “Trading view” This app has everything I want in a trading app.
Only thing I don’t like about the mobile version. YOU CANNOT CHANGE THE CANDIE COLOR OR BACKGROUND COLOR. I AM COLOR BLIND AND WOULD LOVE THE OPTION TO CHANGE THE CANDLE COLOR.”
“MotiveWave v7 has been working great with Amp Futures. I have connections with CQG and Rithmic and both work great. MotiveWave is perfert for intraday futures traders and it is the best platform available for Mac OS!”
