Trend-Following Backtester · Guide · backtest 한국어

equity · AT

AT & S Austria Technologie & Systemtechnik Aktiengesellschaft backtest

10 trend-following strategies were compared on the full daily history of AT & S Austria Technologie & Systemtechnik Aktiengesellschaft. 10 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is 볼린저 밴드 돌파 (CAGR 13.6%, MDD -27.3%).

Data 2007-11-02 ~ 2026-07-31daily bars 4,690 (18.7 years)Costs 0.5%Venue VIEMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR 11.4%, drawdown -85.8%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 23.7%, MDD -50.1%, Sharpe 0.85, 36% exposure.

CAGR reference leader: SMA 크로스오버 — CAGR 25.6%, MDD -67.0%, exposure 47%.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 12.2%p higher than buy and hold, while drawdown improves by 35.6%p (CAGR 13.6%, MDD -27.3%, exposure 17%).

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
ROC 모멘텀
n=144, threshold=0.17
23.7%-50.1%0.850.4753.7x8936%
SMA 크로스오버
fast=46, slow=207
25.6%-67.0%0.850.3871.7x2147%
EMA 크로스오버
fast=37, slow=119
23.8%-63.3%0.810.3854.8x2949%
Donchian 채널 돌파
entryN=111, exitN=66
22.9%-50.5%0.790.4547.8x2345%
볼린저 밴드 돌파
n=12, k=2.4
13.6%-27.3%0.760.5010.9x11017%
Parabolic SAR
step=0.05, maxStep=0.06
20.3%-73.9%0.720.2732.1x27051%
Keltner 채널 돌파
emaPeriod=36, atrPeriod=14, mult=1.6
17.4%-58.3%0.700.3020.4x12036%
MACD
fast=15, slow=64, signal=15
18.3%-58.1%0.670.3123.2x18852%
Supertrend
period=14, mult=2.2
16.9%-70.2%0.640.2418.7x18649%
ADX / DI 방향성
period=35, threshold=14
13.8%-43.0%0.600.3211.3x14429%
Buy and hold11.4%-85.8%0.470.137.6x1100%
1x 10x 100x 2008 2011 2014 2017 2020 2023 2026 SMA 크로스오버ROC 모멘텀Buy and hold
ROC 모멘텀 (Sharpe leader), SMA 크로스오버 (CAGR reference), Buy and hold.
0% -21% -43% -64% -86% 2008 2011 2014 2017 2020 2023 2026 Buy and holdSMA 크로스오버ROC 모멘텀
ROC 모멘텀 maximum drawdown -50.1% (2026-06-22 → 2026-07-29), prior peak not yet recovered.

Rules of the top strategy

Rides the trend when recent return (momentum) over a window is above a threshold.

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

Read next