To: Ross who wrote (879 ) 2/27/1998 5:25:00 PM From: Bruce A. Bowman Read Replies (1) | Respond to of 1551
Hi Ross- I can only address part of what you asked about. I used the BMI data feed for over a year and used it with TradeStation for 6 months. The BMI/TS combination allows you to build daily historical tick files. You wouldn't want to maintain a long history of these (they're big), but certainly you can keep several days of ticks to seed trading in several issues. More realistically, you can create daily 1-hr bars for trading which is what I did. Assuming you stay connected to BMI 24-hrs/day (that's what BMI suggests), there is no reason you should have to download historical data from any source except if the service goes off line because of an emergency. BMI provides historical data at extra cost in the form of daily bars only if you feel you need it, but I declined and opted for filling in the holes with TC2000 and living with the problems if there were holes in the hourly bars. Here's the 'gotcha'... the TS server saves data from the BMI feed in Omega Research format which GET Win & DOS doesn't support. I have to believe that TTI is taking this into account for the TS-server version of RT GET that they're building, but you'd need to ask the right questions before plunking down your $$$. I stopped using BMI over a year ago and am a happier camper for it. Now I use InterQuote's rt internet feed and pay less than 1/2 the cost (closer to 1/3). I'm limited to 300 symbols at any one time, but that exceeds any range of interest on my part. You might want to consider using eod GET for finding setups and something like InterQuote (there's more than one rt internet provider) to trade using their quote screen and alarms. IQ supports most markets on their feed so I can see everything they have available for the same $$$, but what I see is delayed unless I have paid the exchange fee. Rt data is mixed with delayed data so you don't have to do anything except keep track of what you've paid fees for and what the symbol is. For example on my Market quote screen I see rt market data (Nasdaq composite, Wilshire Small Cap index, PSE index, etc.) mixed with delayed bond data and delayed gold data. I suspect my Russell 2000 is delayed and I haven't asked what I'm getting for the Dow 30. Btw, some of the symbols I just had to change 2 weeks ago are very familiar. I suspect they may be switching over to BMI as a data supplier. Bruce