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Registered User
Joined: 2/24/2009
Posts: 25
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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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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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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
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 2/24/2009
Posts: 25
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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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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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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
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 2/24/2009
Posts: 25
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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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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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No, the 5000 Bar limit is the most recent 5000 Bars.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 2/24/2009
Posts: 25
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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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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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You're welcome.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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