Can We Use Renko Bars to Backtest Our Trading Strategies? Full Explanation + Example

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Have you ever wondered why Renko Bars are not used for backtesting trading systems? Find out in this video!

We’ll show you an example of a backtest performed using Renko bars and explain why the results are so different from those obtained using classic candlestick charts.

In this video you'll find:
✅A simple and clear explanation of how Renko Bars work
✅An example of a backtest using a Renko chart
✅How to set up the chart to get real results (and why it's not worth it...)

Enjoy!😎

00:00 - Introduction
00:53 - How Renko Bars are built
02:49 - A trading system for Renko Bars
04:17 - System debugging
08:55 - Results and final thoughts

ABOUT ME:
Andrea Unger here, full-time Trader since 2001 and the only 4-time World Trading Champion.

Thanks to these accomplishments I am often invited to speak at conferences in Europe, the USA, Asia, and Australia.
I am the author of several books, including the first in Italian about Risk Management in Trading, also translated into Chinese and English.

Through decades of experience, trials, victories, and defeats, I created the UNGER METHOD™: a scientific, systematic, replicable, and universal method with which, since 2015, thousands of traders have managed to become autonomous.

In fact, you may know that studies show that only 25% of traders make money, but 90% of these do it with systematic trading...
Why then do trainers almost always teach discretionary trading?

Becoming a trader is harder than you think. However, if you have passion, will, and sufficient capital, you'll learn how to code and develop effective strategies, manage risk, and diversify a portfolio of trading systems to greatly improve your chances of becoming successful.

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