Yes, let's go ahead with needed software.
You will need: 
1. A good hex editor (I use UltraEdit 
https://www.ultraedit.com/downloads/ )
2. TunerPro 
http://www.tunerpro.net/ - normal version is enough for our purpose (not realtime)
3. You must have original binary either by reading it directly from your chip using the EPROM programmer or by downloading it from internet (first choice it is best because it will retain original serial numbers but the downloaded ones will work too) 
4. Find the .xdf file for your specific bin - this is a definition file which translate the data from the .bin into a human readable form like scalars, tables (maps).
For no 3 and 4 a good start is 
http://www.tunerpro.net/downloadBinDefs.htm#BMW and other chip tuning enthusiast forums.
For my specific engine ecu 0261 200 
950 I could not found the exact xdf but I was lucky to find the .xdf for a newer software version (990) on the page above. BMW_990_318i_soft070.xdf. Tip: search for last 3 digits written on the label just under BOSCH brand 0261 200 
950 in my case. I have found by trying that 
990 version of software is working on ...
950 ecu.