Screen backtest vs simulator backtest?

General
1

I am trying to set up a screen backtest that functions similarly to backtesting with the simulator. Many of the criteria that you can adjust in the backtest screen are the same as in the simulator.

However, one major difference is that the screen backtest rebalances the stocks in the portfolio to equal weight at each rebalancing, whereas doesn't the simulator do the same (with Static Weight) if you don't use "Force Positions into Universe"?

Other than that, there are many similarities:

  • Universe
  • Price
  • Slippage control
  • Period
  • Rebalance Frequency
  • Turnover can be controlled with Rank Tolerance.
2

To get a simulation to balance to equal weight every rebalance you need to either use Dynamic Weight and a formula like 1 or you need to have a sell rule that is always true and use the Allow Immediate Buyback option. If you do neither of those then partial positions will not be sold.