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At 09:14 AM 8/16/00 -0700, you wrote:
>Hi, let me clarify what this is all about.
>
>Tradeworks Software has two products, QCollector and OmegaUpdater, that
>when used together simulate a real-time data feed for TradeStation v4.0
"Simulate" being a key word here. In an "idealistic sense" it sounds like
a bit of a kludge, but a very interesting idea. Given the current set of
tools on the market, it sounds like a great way to go to get up and running
in a simple and low budget manner. Having the data managed like this could
save a lot of time and frustration.
My brother has used QCollector before and really liked it.
>or SuperCharts EOD, using the Quote.com internet data feed. The way it
>works is as follows, and some of this is quoted from a message I posted
>to another mail list to answer a similiar question:
>
>Instead of creating your charts from data in the Omega tick database,
>you build them from data files on disk (Ascii or MetaStock format - this
>is easy to do with TradeStation.) QCollector updates these data files
>with the real-time data from QFeed, on the interval you specify, which
>can be as often as every ten seconds. On each update, OmegaUpdater
>instructs TradeStation to reload the workspace(s) you are updating, and
>the systems and studies you have applied to your charts are
>re-calculated as the charts re-load their data. The amount of time this
>takes depends on how powerful your computer system is, how many charts
>you are watching, how computationally intensive your analysis techniques
>are, and so on. It is typically just a few seconds.
>
>The way I use this combination in my own trading is to run TradeStation
>in the background with my own custom indicators with alerts set, and one
>intraday trading system running on the EMini S&P. I follow real-time
>charts with QCharts from Quote.com, which IMO has better basic charting
>than TradeStation and much, much better quote sheets. But since QCharts
>lacks the advanced programming capabilities of TradeStation, I have
>TradeStation alert me when my system is signalling a trade, and when
>certain other conditions develop in the market.
>
>A few other points:
>
>* The Omega Server is not required, so your system is not burdened with
>the server's high (up to 100%) CPU usage.
>* You have data on demand. You can chart any of the thousands of symbols
>offered by Quote.com without having to first add the symbol to your
>server portfolio and collect hours of data for it.
>* There are no "holes" in your data or gaps in your charts, because you
>don't have to be connected to a data feed all the time gathering ticks.
>QCollector manages your data in separate files for each security and
>keeps them updated.
Very nice.
>* QCollector is also a full featured historical data downloader that
>will bring all of your data files up to date with the click of a button.
>Maintain your own database of intraday, tick, and EOD data.
>
>Free trial versions of QCollector and OmegaUpdater are available for
>download from the Tradeworks Software web site (link below) so you can
>see exactly how this works. I would suggest creating a new MetaStock
>data format portfolio in QCollector and adding several of the trial
>symbols to it to get started (ADBE, ADSK, INTU, KO, MCD, SUNW, NOVL,
>GBLX, TRAN, COMPX, VLE.X, or XAU.X). Running QCollector requires a
>subscription to the QCharts or QFeed package from Quote.com
>(http://classic.quote.com/reg/reg/layout/start.html - your browser must
>accept cookies for this link to work).
>
>Regards,
>
>Dave DeLuca
>Tradeworks Software
>http://www.mechtrading.com
david_wieringa@xxxxxxxx
Software Engineer (contractor)
Scottsdale, AZ / Grand Rapids, MI
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