Trend-Following Backtester · Guide · backtest 한국어

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Pampa Energia SA backtest

10 trend-following strategies were compared on the full daily history of Pampa Energia SA. 0 beat buy-and-hold CAGR; EMA 크로스오버 ranks first by Sharpe, matching the main backtester.

Data 2004-01-07 ~ 2026-07-31daily bars 5,571 (22.6 years)Costs 0.5%Venue BCBAMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 57.1%, drawdown -75.4%).

Sharpe leader (same as main): EMA 크로스오버 — CAGR 55.0%, MDD -74.5%, Sharpe 0.79, 73% exposure.

No strategy retained at least 75% of buy-and-hold CAGR while reducing drawdown by both 20% relatively and 5 percentage points absolutely.

The alternative must retain 75% of buy-and-hold CAGR, improve drawdown by at least 20% and 5 percentage points, and stay below 95% exposure; the ranking weights return retention 60% and drawdown improvement 40%.

Strategy · parametersCAGRMDDSharpeCalmarTotalTradesExposure
EMA 크로스오버
fast=34, slow=195
55.0%-74.5%0.790.7419789.3x1973%
SMA 크로스오버
fast=24, slow=186
51.9%-76.3%0.760.6812417.0x3371%
ROC 모멘텀
n=167, threshold=0.04
50.0%-70.0%0.750.719356.1x9870%
Donchian 채널 돌파
entryN=46, exitN=72
49.1%-70.0%0.720.708220.7x4368%
ADX / DI 방향성
period=56, threshold=8
36.5%-70.1%0.630.521118.8x13661%
MACD
fast=12, slow=31, signal=14
22.0%-73.3%0.600.3089.3x30351%
Supertrend
period=27, mult=4.8
29.9%-77.8%0.550.38365.4x8958%
볼린저 밴드 돌파
n=49, k=2
25.8%-64.2%0.500.40177.7x10342%
Keltner 채널 돌파
emaPeriod=55, atrPeriod=15, mult=2.5
23.2%-68.2%0.480.34110.2x10743%
Parabolic SAR
step=0.005, maxStep=0.18
22.0%-79.5%0.470.2889.4x18556%
Buy and hold57.1%-75.4%0.790.7626744.2x1100%
1x 10x 100x 1,000x 10,000x 2005 2008 2011 2014 2017 2020 2023 2026 EMA 크로스오버Buy and hold
EMA 크로스오버: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -19% -38% -57% -75% 2005 2008 2011 2014 2017 2020 2023 2026 Buy and holdEMA 크로스오버
EMA 크로스오버 maximum drawdown -74.5% (2018-01-15 → 2020-06-18), recovered after 1,471 days.

Rules of the top strategy

Uses two exponential averages (more weight on recent prices) and trades their crossover.

Method and caveats

Past performance does not guarantee future returns. Parameters were selected on the same full-history sample using sharpe over 40 trials per strategy, so results contain in-sample bias. 0.5% trading costs are included; taxes, slippage and rejected orders are not.
Re-run the same setupAll asset reports

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