Range Bar Strategy Backtesting

[rjm1903]

Hi,

I have a question regarding performing backtests for strategies that utilize range charts. I've heard that Renko and HeikenAshi Bar strategies do not have accurate backtests unless the Playback feature is used or at least a 1 tick granularity entry method is used. I'm wondering if this also applies to backtests with Range Bars within the strategy analyzer. If I utilize OnBarClose() within the strategy analyzer on a backtest that is for a 60 Range Bar strategy will that backtest show results that are accurate to how the strategy actually performed during those years? Or does the same issue apply that takes place with Renko and HeikenAshi Bars?

Thank you very much for helping with this!

[NinjaTrader_Jesse]

Hello rjm1903,

The limitation you are referring to would not apply to range bar type. The specific reason the others you mentioned have limitations in backtesting is because they support removing the previous bar which cannot be simulated historically. Range bars are based on price movement which can be correctly simulated historically.

[rjm1903]

Thank you for the clarification!