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Motivewave Review

Motivewave Review

As a trader, you're always looking for the best possible trading software to help you take your trading strategies to the next level. If that's what you're seeking, then look no further than Motivewave, one of the most comprehensive and powerful platforms on the market. Offering a vast range of features and functionality, this platform allows traders to analyze market trends, identify trade opportunities and manage their investments all in one place.

In this Motivewave review, we'll delve deep into this state-of-the-art trading software and see why it stands out from other offerings on the market. We'll take a closer look at its features, explore its true potential, and compare it to other similar software to help you make an informed decision. So if you're ready to take your trading skills and profits to the next level, read on and discover why Motivewave might just be the perfect choice for you.

What is Motivewave?

Motivewave was started in 2009 by a small team of trading professionals and software engineers. The company’s mission was to create a comprehensive platform that could meet the needs of traders while being easy to use. After years of development, the first version of Motivewave was released in 2013. The powerful suite of features helps traders improve their trading strategies and become more profitable.

Technical Analysis

Motivewave’s technical analysis tools are powerful and comprehensive. They offer traders a wide range of features to help them make better trading decisions. The platform has many charting tool options available, allowing traders to use technical indicators to find support and resistance levels and identify trading opportunities.

Along with this, it also provides a number of drawing tools that can be used to draw trendlines, Fibonacci retracements, Gann fans, and other shapes for further analysis. Motivewave also includes over 70 premade studies for a range of assets like stocks, futures, forex, and more. This allows traders to quickly assess market conditions and make better trading decisions.

Finally, Motivewave also offers an array of automated trading strategies. These can assist with decision-making or allows for trades on their own. All these features make Motivewave an ideal choice for technical traders looking for a comprehensive platform to help them analyze the markets.

Additional Features

Motivewave offers a range of additional features for traders to take advantage of. This includes historical data and backtesting tools, trade management tools, a customizable interface, and a mobile app.

With the ability to access historical data dating back to the 1950s, traders can analyze long-term trends. Thus, can backtest their strategies to see how they would have performed in the past. The platform's trade management tools provide the ability to set stop-loss and take-profit levels and manage risk. Whereas, its customizable interface allows traders to tailor the layout of the platform to their individual needs.

Finally, Motivewave's mobile app allows traders to access the platform on the go and keep track of their trades. With these additional features, Motivewave is one of the most comprehensive and powerful trading platforms available.

Elliott Wave Charting

The Elliot Wave Analysis is a form of technical analysis that was developed by Ralph Elliott in the 1930s. This form of analysis is based on the idea that market prices move in predictable, repeating patterns due to the collective behavior of traders.

The Elliot Wave Analysis can identify market trends, locate trade opportunities, and forecast future prices. The analysis involves looking for channels and irregular formations in charts. As well as using Fibonacci ratios to identify patterns and confirm trading signals. Traders can also use the Elliott Wave Analysis to identify support and resistance levels. This can be helpful for determining entry and exit points for trades. Motivewave offers Elliot Wave Analysis tools to help traders make more informed decisions when trading.

What does Motivewave Cost?

MotiveWave offers four subscription offerings for its charting and trading software. The community provides charting and trade simulations for free. Support is provided by the user community. Standard is a trading platform for traders for $24/month and includes features such as one broker/data feed per workspace and 19 chart bar types.

Order Flow is a full-featured trading platform at $49/month. It features 300+ built-in studies/indicators and order flow tools and a studies pack.

Pro is an advanced trading platform at $99/month. This includes multiple brokers/data feeds per workspace and advanced alerts.

Finally, Elliott Wave Lite is an Elliott Wave trading platform at $89/month with 290+ built-in studies/indicators and Hurst cycles study. Ultimate is the highest tier of subscription offered. It includes all features at $159/month, making it the best value offering.

Pros

  • A comprehensive suite of features for analyzing the markets and trading
  • Easy to use and highly customizable user interface
  • Access to historical data dating back to the 1950s
  • Ability to set stop-loss and take-profit levels, as well as trailing stop-losses and other advanced order types
  • Automated trading strategies available
  • Risk management tools
  • Mobile app available for iOS and Android devices

Cons

  • No paper trading options are available
  • High cost for some of the higher-tiered plans
  • Limited customer support

Final Thoughts

Overall, MotiveWave is a comprehensive and powerful trading platform designed to meet the needs of every trader. With its vast array of features, powerful charting tools, and comprehensive Elliott Wave analysis capabilities, this platform has everything traders need. They can easily analyze markets, identify trading opportunities, and manage their investments all in one place.

Additionally, with its range of subscription options, Motivewave is an affordable choice that provides great value for money. Consequently, if you're looking for a powerful platform to take your trading strategies to the next level, then MotiveWave is worth considering. Click here to try it now.

Also check out: TC2000, TopStepTrader, Tradersync.

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