With numerous studies and charting tools, you are sure to find what you are looking for. For a complete list of features and documentation see the Features section of our website.Ĭharting and Analysis - MotiveWave's component based architecture enables many different forms of analysis. The following sections outline some of the major features of MotiveWave. You can choose the broker that best meets your needs in terms of reliability, trade execution and commission rates while using best of breed trading and analysis tools. By integrating with your existing broker, MotiveWave lets you have the best of both worlds. But hopefully this information helps.MotiveWave is a professional suite of tools that makes trading and market analysis simple. Unfortunately, I don’t have a real solution to offer. Unfortunately, many of DAS’ features are outdated, but I will take reliable execution over a modern interface. For equities, I am probably going to throw in the towel and go back to DAS Trader Pro + IB (DAS supports direct order execution while using IB account funds) or try TradeZero. For futures, I will stick with MotiveWave + Rithmic + Ironbeam. I am in Canada, so my platform/brokerage choices are limited.
My conclusion is that the IB API works for low frequency execution, but it's just not reliable for scalping or other fast day trading. I tried changing several configuration settings in TWS but to no avail. I am not a fan of NT's or Quantower's UI, but you could test and see where the problem lies in your use case.īottom line – I suspect IB’s API is the problem. I tried connecting both NinjaTrader 8 and Quantower to the IB API and continued to have problems. I especially have problems with setting and moving stop losses (I get duplicate order ID errors and order not found errors). IB order execution – generally, I find this to be unreliable. I created a support ticket with MotiveWave on this a few weeks ago and they are looking into it. Note that MotiveWave shows this data just fine from Rithmic, so it’s a dxFeed problem.
One example: for US equities, everything in level 2 (Order Book) shows as ask.
OCO orders with multiple exit strategies work flawlessly and Rithmic data includes full market depth.ĭxFeed – there is a known problem with how dxFeed bid/ask data appears in MotiveWave.
Yes, it’s another brokerage and the commissions are higher (although competitive for a dedicated futures broker) but I now have peace of mind on order execution. Eventually, I gave up on IB and went with Rithmic data and Ironbeam (broker). Similar problems to what you’re describing. Here’s my findings FWIW:Įmini – could never get this to work reliably with IB. I trade (have traded) Emini futures and US equities with MotiveWave, IB and dxFeed.
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