“software from the medieval times!!!!
very oldschool in any dimension, developer centered, zero user experience, GUI oldschool,
severe bugs in order execution
severe bugs in configuration, lots of supportmailing is necessary to make it run! Even the support cant help fixing some issues, they are playing stupid, dont read my bug description properly, they tell me "do it this way..." but did it exactly the same way.
I sent them the log files and videos but they cant reproduce the error. End of message.
No sorry, not saying its in the baglog, will be fixed with the next update in 2 weeks for example! So the bug doesnt exist for them!!! Theres no escalation to the management level possible!!!
I guess, they know pretty well about all the bugs - but they have been instructed by the management to play stupid. Toxic management. The bosses just see motivewave as a cash cow :(
very few updates per year, no release pan, support in summer 2024: a major update to a new version will come in 2024. Even in march 2025 it didnt come
futures contract rolling has several ways to - one is via right click in the chart. Doesnt work. Step by step documentation of the bug (screenshot, text), hind that in TradingView it just takes a few clicks. Support: right click on the chart, click roll to next contract - also just a few clicks! One of plenty examples where they ignore what I have written.
To configure motivewave takes weeks! It is related to the underlying you have chosen. You want another underlying. Do it all again manually. Even when you set it as default, template! Import of a saved template doesn’t work properly.
The rollover to the next futures contract - you have to configure it all again manually!
It can happen, that all of a sudden, without having changed anyhting, the configuration changes for days!!! No rollback possible, indicators are missing. next day all is fine.
Chart zooming - the proportions of footprint ladder (zoom in extremely, than you can see the numbers, but then you just see a part of the footprint, you have no overview/ can’t see the candle five minutes ago, don’t have an overview), candle, ... are just awful! You dont get such a nice (over)view like tradingview offers. There are worlds between them.
The support told me, that I’d need level 2 data feed. But that’s wrong! Level 1 data for footprints are fine, too and way more cheaper!!!
Another example that has cost me a lot of money is how to switch from paper trading to live trading. As an user you can’t come to the solution on your own. Finally you click a checkbox, the description next to it is worded so vaguely, implicitly. No window is popping up, telling you that you’re now in live trading mode, nothing! At another place you can tell motivewave to use the paper account for your trades. That is overruled by the checkbox, mentioned above!!
Other trading softwares make it better: e.g. the first action after starting the app is to choose live trading, simulation trading, replay mode whatever. And they show in the chart window which modus you are running
And this is just a small excerpt from the challenges of motivewave!
Im now lucky with tradingview and bookmap”
“I honestly love MotiveWave. It has the ability to have multiple layered studies on top of each other. Lots of ways for trade execution from using the chart, DOM, buttons, etc. Different order types from OCO, Limit, Market, STOP Limit, etc. They have the ability to look at data at a second to millisecond level for a bookmap like interface. That could be improved from a UI uplift perspective. It could have more features with their Order Book and DOM in general. As an example, with the orderbook being able to highlight large orders. Overall, great product in general, not the greatest in one area but sufficient in all areas.”
“I have been using it for a while and am very happy. I am sure that I only use 1/10 of its capabilities. When I have an issue, Motivewave gets back to me quickly, and I have never had an issue that they didn't take care of. I have only had to contact them twice.”
“It works really well on every operating system, with a couple of caveats: in macOS the ram usage is huge sometimes, in Linux a line needs to be added to fix the mouse wheel zoom
Overall really happy to work with the software”
“MotiveWave is a highly customisable platform for the technical trader. I have written my own studies in Java as well as linked short-cut keys to many drawing options like ALT+: to draw a channel and then CTRL+1 to make it a bull channel and CTRL+2 to make it a bear channel. Pre-written text can be put onto the chart that way also quickly. All drawings have template options with labeling which makes putting this onto a chart super fast and easy.
On restart of MotiveWave all previously opened chart windows position themselves correctly onto the various monitors and via a keyboard short-cut other chart window collections can be opened quickly.
I use MotiveWave for technical analysis of futures and stocks which works very well for this task there are highly advanced great features available besides all the normal things every charting package has.
Unfortunately their TradeStation integration is rather useless. It often disconnects and then does not even indicate this where e.g. CQG connections work perfectly and if the Internet has dropped indicate this via an orange disconnet sign. So on their TradeStation integration, if having stepped away from the screen and coming back after 20 minutes it could just be that the chart has stopped 15 minutes ago and the trade setup presented is long gone. This can be rather dangerous if not realising quickly that the connection has been dropped and the bars on the chart is outdated.
Also the TradeStation integration has some serious performance bugs as after about 2 hours of being connected, my high performance computer's CPU spikes up an additional 12% which immediately goes back to normal when disconnecting from TradeStation. I have another application integrated via TradeStation and this does not have these problems.”
“Great Platform, windows and Mac OS, stable, sofisticated tools and very configurable, specially for futres traders.
Regulars updates available.
Need to improve: TPO (market profile) and add aditional features to volumen profile like developing POC, etc.
Overall, excellent pltaform in its way to become the best there is if the developing team continues with improvments.”
