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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - TC2000 version 7 » Differences between Stockfinder and Telechart

Differences between Stockfinder and Telechart Rate this Topic:
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cunparis
Posted : Tuesday, February 24, 2009 2:50:52 PM
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Joined: 2/24/2009
Posts: 25
 Hi I'm currently using stockfetcher.  I scan for stocks meeting my criteria and I trade them (manually).  I also use the backtest feature of stockfetcher to test out trading ideas for entry & exit.  However stockfetcher is end of day only so I'm looking for something that will do intraday, say 5 minute.

From what I understand of stockfinder it will allow me to do this.  So I'm wondering if Telechart can do this and what are the main differences between the two.
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Bruce_L
Posted : Tuesday, February 24, 2009 3:13:28 PM


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Joined: 10/7/2004
Posts: 65,138
 Both StockFinder Platinum and TeleChart Platinum have intraday data while StockFinder Gold and TeleChart Gold do not.

StockFinder has BackScanner to do backtesting. TeleChart does not have backtesting.

A more complete comparison is available in the StockFinder vs. TeleChart Features PDF.
-Bruce
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cunparis
Posted : Wednesday, February 25, 2009 1:48:13 AM
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Joined: 2/24/2009
Posts: 25
 Thank you Bruce.  That comparison was very helpful and confirms that I need Stockfinder.  Do you know how far back the intraday (5m?) historical data goes?  I'd like to know how far back I can go for backtesting, both intraday and daily.

Thanks.
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Bruce_L
Posted : Wednesday, February 25, 2009 7:28:41 AM


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Posts: 65,138
 You are limited to 5000 Bars in any Time Frame. This means you can go back about 20 years in Daily, but only about 3 Months in 5-Minute Mode.
-Bruce
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cunparis
Posted : Thursday, February 26, 2009 1:36:26 PM
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Joined: 2/24/2009
Posts: 25
QUOTE (Bruce_L)
You are limited to 5000 Bars in any Time Frame. This means you can go back about 20 years in Daily, but only about 3 Months in 5-Minute Mode.


If I want to backtest 5m over 1 year, could I do 4 backtests, each one covering 3 months?

Thanks for all your info.
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Bruce_L
Posted : Thursday, February 26, 2009 1:40:48 PM


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Joined: 10/7/2004
Posts: 65,138
 No, the 5000 Bar limit is the most recent 5000 Bars.
-Bruce
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cunparis
Posted : Friday, February 27, 2009 2:47:56 AM
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Joined: 2/24/2009
Posts: 25
 Ok I got it.  To backtest 1 year I'd have to use 30m data.  This is not as good as 5m but it's certainly better than daily bars.  Thank you again.
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Bruce_L
Posted : Friday, February 27, 2009 7:59:28 AM


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Joined: 10/7/2004
Posts: 65,138
 You're welcome.
-Bruce
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