Also, you get advanced alerts, data import/export, replay mode, and more. Or you can develop your plans and execute them automatically. Which adds strategy testing and optimization tools to the Trade platform.ĭesigned for more experienced traders, it includes backtesting, walk-forward testing, and over 30 built-in strategies. Our MotiveWave review takes a look at this version.
Read our post on how to make money in the stock market for beginners to learn how trade in order to put this MotiveWave review to use.
The platform includes features like level II data, a full set of studies, and everything needed to trade stocks, Forex, futures, indices, E-mini, etc. Moreover, it integrates seamlessly with any of the more than two dozen supported brokerage accounts. This platform adds trading ability to the charts, and it’s suitable for beginning traders. Stock training goes along way in helping to implement everything in this MotiveWave review. Additionally, you get two chart templates, access to dozens of studies, and more. The charts are high quality with watch lists and over 40 indicators. If your style is such that you don’t need a lot of sophisticated features, this could be the platform for you. This charting platform is a useful tool for beginners, swing-traders, and position traders. You can see if you’d be interested in them. However, when you spend time studying and practice trading, then your success rate skyrockets.įinding the right broker is key. Many times new traders jump into stock trading without proper training.Īs a result, 90% of traders fail. Trading is something that requires practice to perfect the skill. Stock trading tools offer a lot of help with trading. Our MotiveWave review takes a look at the different platforms they offer. Subsequently, today MotiveWave offers advanced trading platforms and research tools with a wide array of features. New traders now have a nicely priced entry-level platform that gives them what they need to get started, without them having to buy the top-of-the-line advanced trading platform that has a ton of features they’re just not going to use.But it all began in 2008 with one man’s quest to create his own ideal Elliot Wave analysis software. “We are excited to introduce the Charts Plus Edition”, said Tony Lindsay, Founder of MotiveWave Software, “We feel this product addresses a gap in our offerings. The Charts Plus Edition has everything in the MotiveWave Charts Edition plus: The new MotiveWave Charts Plus Edition fills this niche very nicely and is very competitively priced for an entry-level platform. Many new traders’ needs were falling in between these two editions and they didn’t want to add on the full set of features in the Add-On Modules they only needed a few extra features. What MotiveWave noticed was that there was a gap between their Charts Edition and their Trade Edition. Whether just starting out and only needing a basic charting platform, or needing a more advanced platform with all of the bells and whistles, MotiveWave has always offered several charting and trading products, as well as lease and purchase options, to fit analysts’ and traders’ unique budgets, experience and trading styles. MotiveWave is now available in six different editions with the option of adding on Modules to gain extra features in five of its editions.
MotiveWave Software, a Toronto-based developer of easy-to-use high-performance charting and trading software for the individual trader, is pleased to introduce the Charts Plus Edition to its lineup of product offerings. MotiveWave can be used to trade any securities that your broker or data service supports, including: stocks, futures, options, equities and forex.
MotiveWave is a full-featured trading platform that provides advanced charting and market analysis, strategy creation and back testing and is available for Windows and Mac OS X.