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Trend-Following Backtester · Guide · backtest 한국어

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PALFINGER AG backtest

10 trend-following strategies were compared on the full daily history of PALFINGER AG. 7 beat buy-and-hold CAGR; Keltner 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Keltner 채널 돌파 (CAGR 10.6%, MDD -33.5%).

Data 2000-01-03 ~ 2026-07-31daily bars 6,721 (26.6 years)Costs 0.5%Venue VIEMonthly snapshot 2026-07-31

Results by strategy

7 of 10 beat buy and hold (CAGR 7.2%, drawdown -82.9%).

Sharpe leader (same as main): Keltner 채널 돌파 — CAGR 10.6%, MDD -33.5%, Sharpe 0.67, 26% exposure.

CAGR reference leader: SMA 크로스오버 — CAGR 13.6%, MDD -39.1%, exposure 55%.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 3.4%p higher than buy and hold, while drawdown improves by 49.4%p (CAGR 10.6%, MDD -33.5%, exposure 26%).

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
Keltner 채널 돌파
emaPeriod=44, atrPeriod=19, mult=3.4
10.6%-33.5%0.670.3214.5x6626%
SMA 크로스오버
fast=13, slow=105
13.6%-39.1%0.650.3529.5x8055%
EMA 크로스오버
fast=22, slow=163
11.9%-45.9%0.590.2620.0x4656%
볼린저 밴드 돌파
n=58, k=1.5
10.2%-56.1%0.570.1813.2x11037%
Donchian 채널 돌파
entryN=123, exitN=62
10.0%-41.9%0.560.2412.7x3247%
ROC 모멘텀
n=82, threshold=-0.01
10.1%-55.1%0.510.1812.8x28458%
Supertrend
period=9, mult=4
8.4%-57.3%0.450.158.4x11453%
ADX / DI 방향성
period=36, threshold=16
5.9%-41.7%0.430.144.6x12226%
Parabolic SAR
step=0.015, maxStep=0.16
5.1%-66.5%0.330.083.7x41654%
MACD
fast=18, slow=38, signal=22
0.4%-76.1%0.140.011.1x28450%
Buy and hold7.2%-82.9%0.370.096.3x1100%
1x 10x 2001 2005 2009 2013 2017 2021 2025 SMA 크로스오버Keltner 채널 돌파Buy and hold
Keltner 채널 돌파 (Sharpe leader), SMA 크로스오버 (CAGR reference), Buy and hold.
0% -21% -41% -62% -83% 2001 2005 2009 2013 2017 2021 2025 Buy and holdSMA 크로스오버Keltner 채널 돌파
Keltner 채널 돌파 maximum drawdown -33.5% (2013-02-14 → 2015-01-28), recovered after 2,919 days.

Rules of the top strategy

Breaking above the channel top (average plus a multiple of volatility) signals an upside breakout.

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.
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