«©2014 MotiveWave™ Software ©2014 MotiveWave™ Software Version 1.0.2 Page 1 of 190 MotiveWave™ User’s Guide Table of Contents 1 Introduction ...»
3.31 Ticker Tape Ticker tape displays a rolling set of prices for a selected set of instruments across the top of the Console, Chart Group or Chart Window. This option can be turned on by choosing View - Display - Ticker Tape from the top menu bar.
Show/Hide Ticker Tape
1. Instruments – Instruments may be added or removed by using the tool bar at the top of the list box on the left
2. Font – Font size for the instruments displayed on the ticker tape section
3. Scroll Type – Choose from the following:
a. None – No scrolling b. Scroll – Tape continuously scrolls to the left c. Slide – Tape slides to the left at an interval
4. Scroll Speed – Relative speed for scrolling the instruments
5. Show Ticker Tape – Default for displaying the ticker tape in a chart window
6. Show Change – Shows the change since the day open
7. Show Change % - Shows the change since the day open as a percent Ticker Tape Preferences
3.32 Short Cuts MotiveWave™ provides a number of convenient ways to do common tasks quicker. This section explores some of these options.
3.32.1 Menu Short Cut Keys You may have noticed already that when displaying a menu, a key combination is displayed on the right hand side for some of the items in that menu. This key combination may be used as a short cut to access that item without using the mouse to show the menu and select the item.
In the example displayed below, the short cut keystroke for accessing the Line tool is: Ctrl + Shirt + L.
This means that you can hold down on the Ctrl (Control key), Shift and press the L key on the keyboard (all at the same time) to switch your mouse tool to the line tool. You may find this to be much faster than using the mouse to select the tools drop down and choose the line tool menu item.
Please Note: by convention tool short cuts all have the sequence Ctrl + Shift + key. This makes it easier to remember them.
3.32.2 Mouse Wheel
If your mouse has a wheel, you can use this to perform the following actions on the chart:
1. Time Shift – Move the graph to the left or right (depending on wheel direction)
2. Adjust Bar Width – This will effectively zoom the graph in or out
3. Adjust Vertical Space – Changes the space available at the top or bottom of the graph The default action for the mouse wheel is to time shift when it is moved back or forward. If you hold down on the Alt key and move the mouse wheel, it will adjust the bar width (ie zoom in or out).
This behavior can be adjusted from the Preferences dialog (Configure - Preferences from the Console menu bar). Click on the General tab, then on the Mouse sub tab.
3.32.3 Mouse Click Options Keyboard modifiers: Shift, Ctrl and Ctrl + Alt when used with a left mouse click can be configured to do
specific actions. The default behavior is as follows:
1. Shift + Click – Creates Text Comment. When you perform this short cut an entry box will appear for you to enter text. Just type your comment and press Enter (or Esc) to create it.
2. Ctrl + Click – Creates a Price Guide at the location of the mouse.
3. Ctrl + Alt + Click – Creates a Time Guide at the location of the mouse.
These actions may be configured from the Preferences dialog (Configure - Preferences from the Console menu bar). Click on the Chart tab then on the Chart Settings sub tab. The following actions are
available to choose from for each click shortcut:
1. Price Guide – Creates a price guide at the mouse location
2. Horizontal Line – Creates a horizontal line at the mouse location (extended left and right)
3. Time Guide – Creates a time guide at the mouse location
4. Vertical Line – Creates a vertical line (extended up and down) at the mouse location
5. Text – Creates a text box to enter text
6. Note – Creates a Note component
7. Box Callout – Creates a Box Callout component
8. Balloon Callout – Creates a Balloon Callout component
9. Line Callout – Creates a Line Callout component
10. Annotation – Creates an Annotation component
11. Curly Annotation – Creates a Curly Annotation component
3.32.4 Other Shortcuts The following are some other shortcuts that you may find useful.
Ctrl + Mouse Drag (Copy) Hold down on the Ctrl key and drag a component to create a copy of it. This can be very useful for example to create a line that is parallel to another line. The mouse cursor will change to the following to
Revert To Default Tool (Space Bar) When switching to a mouse tool, you can quickly switch back to the default mouse tool (Time Drag Tool) by pressing the Space Bar. This can be more convenient than pressing Ctrl + Shift + D. Alternatively, you can change the behavior of the mouse tools to automatically revert to the default tool when an action is completed. This can be adjusted from the Preferences Dialog. Click on the Chart tab then on the Chart Settings tab.
Default Mouse Tool
4 Trading Note: Trading features are not available in the Analyst Edition There are lots of ways to place and manage trades within MotiveWave™. In this section will explore some of the convenient features for dealing with orders, positions and trades. Some of the trading features such as supported order types may vary depending on the broker you have chosen for the workspace.
4.1 Account Management The Account page in the console provides a convenient view of current account information as well as open orders, positions and historical trades. The columns displayed in each section will vary depending on the broker or data service that you chose for your workspace.
Account Page This is the default layout for the Account page. You can add these panels anywhere within the Console or Chart Group. Simply click on the Add Tab button next to the existing tab where you want to add the panel.
4.1.1 Accounts Panel The Accounts panel displays information about each available account in your workspace. The columns displayed will differ depending on the broker that you chose for your workspace. The Unrealized PL column is common to all brokers and displays the current unrealized profit/loss for all positions that belong to each account.
Accounts Panel The Primary column indicates which account is the default for placing orders. You can change the primary account by right clicking on the desired account and choosing Set As Primary Account. This setting is important to avoid accidentally placing orders on the wrong account.
4.1.2 Orders Panel The Orders panel displays the currently active orders in one convenient location. The Group column indicates orders that are linked as either OCO (One Cancels Other) or OSO (One Submits Other). The Status column displays the current order status (green for active). Click on the ‘C’ to cancel an active order.
Orders Panel Orders can be edited from here directly by clicking on the appropriate table cell (see below). If an order has outstanding changes, the status column will change to show a ‘T’ and a ‘D’. Click on the ‘T’ to transmit (submit) the changes to the broker or on ‘D’ to discard the changes.
4.1.3 Positions Panel The Positions panel shows the currently open positions (and closed for some brokers). Individual positions can be closed (at market price) by clicking on the Close button (right hand side). If you would like to close all positions, right click on a position and choose Close All Positions.
Positions Panel If you have enabled the simulated account, you can add positions manually by clicking the Add Position button on the top right corner of the panel. This is a useful feature if you would like to track positions that are managed outside of the broker or data service that you are using. The following
diagram shows the Add Position dialog. It has the following fields:
1. Instrument – select the symbol for the instrument
2. Opened Date – This is when the position was originally opened
3. Quantity – Number of shares, contracts etc
4. Avg Price – Average entry price for the position
5. Commission – Optionally enter a commission to track fees.
Add Position Dialog For some brokers (such as FXCM) they provide a bit more information on position such as the recently closed positions. Specifically for FXCM hedging accounts, a summary tab is included to roll up individual position totals.
4.1.4 Trades Panel The Trades panel displays historical trades (ie filled orders). Columns displayed on this page will vary depending on the broker chosen for the workspace. Some brokers only report a limited number of historical trades. For this reason, you should rely on the account management tools provided by your broker to ensure accurate reporting of historical trades.
4.2 Simulated Account For convenience, MotiveWave™ has a built in simulated account that you can use to practice your trading. If you chose a data service for your workspace, then this account will be enabled by default. If you are using a broker, it is recommended that you use a demo account if provided by your broker instead. Broker demo accounts will provide a better simulation of their trading environment and supported order types and behaviors.
The simulated account can be configured from the Preferences Dialog (Configure - Preferences from the Console menu bar). Click on the General tab then on the Simulated Account tab. This panel has the
1. Enabled – Check this box to enable or disable this account
2. Base Currency – Base currency for the account
3. Case Balance – Initial Cash Balance
4. Fill Immediate – If checked market orders will be filled immediately at the current bid/ask value instead of waiting for the next trade
5. Include Commission – If checked, commissions will be included when placing trades.
6. Reset Account Button – Click this button to reset the account back to the initial cash balance.
4.3 Commissions Commissions can be calculated by MotiveWave™ using the simulated account, in replay mode or as part of Strategy Back Testing. If you would like to include commissions, these can be configured from the Commissions dialog (Configure - Commissions from the Console menu bar).
1. Base Cost – This is the base cost of a trade. Some brokers offer flat rates for commissions. If this is the case, just enter the cost here.
2. Unit Cost – Some brokers charge based on the number of units (ie quantity) that are part of an order (ie shares, contracts etc).
3. Unit Size – If a unit cost has been specified this is the lot size.
The above dialog enables you to define a commission structure that applies to each type of instrument.
Some instruments may have their own specific commission structure. If this is the case, you can override this from the Instrument dialog (right click on the chart and choose Edit Instrument, click on the Commissions tab).
4.4 Order Presets Order presets are convenient for defining default order attributes. Defaults can be defined generically by the type of instrument or specific to an instrument. General order presets can be accessed by choosing Configure - Order Presets from the Console menu bar.
This dialog has a tab for each type of instrument. Each panel will have the following fields:
1. Order Type – Default type of order to be placed
2. Time In Force – Defines the expiration time of the order. Available types will depend on the broker.
3. Trigger OTH – If checked, the order can be triggered outside of regular trading hours
4. Offset – Default offset (in pips) from the current price when placing an order
5. Limit Offset – Default offset (in pips) from the current price when placing a limit order
6. Stop Offset – Default offset (in pips) from the current price when placing a stop order
7. Trail Offset – Default offset (in pips) from the current price when placing a trail order
8. Default Quantity – Default quantity when creating a new order
9. Increment – Increment (or decrement) size when adjusting the order quantity
4.5 Chart Trading Perhaps the most convenient way to create orders in MotiveWave™ is by using the tools available from
a chart. There are several ways to do this:
1. Price Axis – Trades can be placed directly from the price axis
2. Buy/Sell buttons – The Buy/Sell button labels can be optionally added to a chart
3. Context Menu – Use the trade items available in the context menu of the chart (right click)
4. Trade Panel – Use the trade panel that may be displayed on the right hand side of the chart
5. DOM Panel – The Depth of Market panel can be displayed on the right hand side
6. Strategies – As explained in the section: Strategies 4.5.1 Chart Orders Active and filled orders may be displayed and adjusted directly on the chart. Click on the Show Orders button on the tool bar to toggle the display of orders on the chart.
4.5.2 Trade History Historical trades can be displayed directly on the chart by clicking the Show Trades button on the tool bar. Detailed information on each trade can be displayed by placing the mouse cursor over one of the trade arrows.