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I have day traded the S&P for 5 years and closely follow 5 other contracts
with LOTS of windows and indicators on each, 4 on the S&P alone, with TS 4.0
on an antique 50 MHZ machine with 20 meg of 30 pin RAM, about 345 MB of hard
drive, and it works like a champ with almost no problems. One thing I do is
to only load 6 days of data to actually trade with. When I do testing, I
simply add more data. Using defrag and a battery backup has also seemed to
help. I don't know about Omega transferring the ownership, but one doesn't
need a lot of computer horsepower to daytrade and follow several other
future contracts. If one is going to follow and have alerts on several
thousand stocks, that could very well be a different case.
-----Original Message-----
From: A.J. Carisse <carisse@xxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Saturday, March 21, 1998 12:37 AM
Subject: Re: Computers for sale, loaded with TS4.0 + several mechanical
systems
>A couple of concerns. First, technically speaking, TS licenses aren't
really
>transferable, from what I hear - this would potentially present a problem
if the
>"permanent" password needed to be replaced, which happens far more often
than you
>may think. As well, the new user might have trouble receiving the Y2K
patch when
>it becomes available, get version 5.0 at the reduced rate - (if it ever is
>released in our lifetime, that is), or receive technical support. At the
very
>least, prospective buyers would be well advised to check with Omega to
ensure that
>none of these problems surface.
>
>Secondly, while I assume that it is possible for TS 4 to run on this
antique
>computer gear (even though this is less than the minimum requirements
according to
>the company), I cannot imagine it doing so very well. Personally, I run
mine on a
>P2 266 with 256MB RAM, and I can tell you, this does not even come close to
>running the thing the way I would like. This program has an insatiable
appetite
>for system resources and memory, and the best I can hope for, short of
spending
>30-50k for a new workstation, is that the 32 bit version 5 will be much
less of a
>hog. Frankly a 486 with 16 Megs would be like going to war with a pea
shooter.
>The only way I can see this working at all is if you only trade one or two
issues,
>and even then, it's probably going to be very slow (and these machines of
>yesteryear are slow enough as it is).
>
>As well, keep in mind that while TS 4 is around $2400, it can be paid in 12
equal
>monthly installments, interest free. Depending on your typical net ROI,
this
>could obviously end up being discounted significantly. The 10 grand worth
of code
>has to be viewed with a healthy bit of skepticism - suffice to say that
I've seen
>some of these, and I'll be kind by saying that one may end up being
disappointed.
>Still, though, it's being thrown in the deal, so one couldn't complain too
much -
>although if this is commercial code, there may be copyright considerations
here.
>
>I'm not saying that this is a bad deal - it may be just what one of you is
looking
>for. However, it is best to ensure that it is before jumping in.
>
>Regards,
>A.J.
>
>
>
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