Is the backtesting process in renko trading trustworthy?

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Jacob Kranz Former Financial Quantitative Analyst at Planetbiz
Answered 5 months, 2 weeks ago
<p>No, because we need a tick-by-tick resolution to perform reliable backtests, and processing a tick-by-tick resolution would take many computing resources.</p><p>The reason is that you can only backtest strategies with Renko bars using a tick-by-tick resolution, that is, trade by trade, execution by execution of orders, which is what happens in live trading.&nbsp;<br></p>