Intraday range bars fill opening gap giving false entry on backtest

[stevep3]

I have a strategy to test which requires intraday range bars. As a number of range bars are printed between close nd open a false entry is triggered close to the closing price of the last session and profits are hugely exaggerated. I am using 6.5 and calculate on bar close, data is from IB. I have tried moving the entry time a little later than the open, but the false range bars print just the same.

Can I stop the false range bars from printing, so that the first bar to print starts at the real open price, hence showing the true gap and giving me true entries? The strategy is largely built on moving averages. Minute bars do not show useful results.

I am limited to using the strategy wizard.

stevep3

[NinjaTrader_Brett]

Hello,

Thank you for your first forum post.

To do this you would need to download an alternate range bar implementation avaliable here.

http://www.ninjatrader.com/support/forum/local_links.php?catid=3&linkid=18

Let me know if I can be of further assistance.