I have read in several posts that strategies with Renko Bars in Ninjatrader don't perform as well in live trading as they do in a backtest. Hence, the backtest results are allegedly misleading. Is this true? Why don't we put it under the microscope?
The idea would be to test one simple strategy on different non-time based bars (Renko, Betterrenko, Unirenko, Tick and 1-min) to see how the strategy performs and maybe find out which "RENKO" is more profitable.
With the help of kevinkdog , we can simulate live and make the comparison.