Trend-Following Backtester · Guide · backtest 한국어

equity · BE

Anheuser-Busch InBev SA/NV backtest

10 trend-following strategies were compared on the full daily history of Anheuser-Busch InBev SA/NV. 4 beat buy-and-hold CAGR; Supertrend ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Supertrend (CAGR 6.5%, MDD -41.7%).

Data 2000-12-01 ~ 2026-07-31daily bars 6,592 (25.7 years)Costs 0.5%Venue EURONEXTMonthly snapshot 2026-07-31

Results by strategy

4 of 10 beat buy and hold (CAGR 4.9%, drawdown -75.4%).

Sharpe leader (same as main): Supertrend — CAGR 6.5%, MDD -41.7%, Sharpe 0.41, 61% exposure.

Return/drawdown alternative: Supertrend — CAGR is 1.6%p higher than buy and hold, while drawdown improves by 33.7%p (CAGR 6.5%, MDD -41.7%, exposure 61%).

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
Supertrend
period=24, mult=4.3
6.5%-41.7%0.410.165.0x8561%
Donchian 채널 돌파
entryN=38, exitN=40
5.8%-51.9%0.390.114.2x7159%
EMA 크로스오버
fast=65, slow=115
5.2%-72.8%0.370.073.7x3559%
SMA 크로스오버
fast=51, slow=136
5.1%-70.0%0.360.073.6x5759%
ADX / DI 방향성
period=48, threshold=19
2.1%-22.0%0.340.101.7x169%
ROC 모멘텀
n=123, threshold=0
4.1%-55.0%0.310.072.8x17158%
볼린저 밴드 돌파
n=55, k=1.2
-0.0%-59.0%0.08-0.001.0x17748%
Keltner 채널 돌파
emaPeriod=58, atrPeriod=19, mult=3.3
0.1%-52.1%0.070.001.0x7528%
MACD
fast=16, slow=55, signal=22
-2.8%-79.0%-0.06-0.040.5x29751%
Parabolic SAR
step=0.005, maxStep=0.32
-3.4%-73.3%-0.08-0.050.4x22756%
Buy and hold4.9%-75.4%0.310.063.4x1100%
1x 2001 2005 2009 2013 2017 2021 2025 SupertrendBuy and hold
Supertrend: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -19% -38% -57% -75% 2001 2005 2009 2013 2017 2021 2025 Buy and holdSupertrend
Supertrend maximum drawdown -41.7% (2007-05-31 → 2009-01-15), recovered after 802 days.

Rules of the top strategy

Trades the direction of a volatility-based trend line that trails below/above price.

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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