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Trend-Following Backtester · Guide · backtest 한국어

equity · BR

Anima Holding SA backtest

10 trend-following strategies were compared on the full daily history of Anima Holding SA. 10 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is 볼린저 밴드 돌파 (CAGR 11.6%, MDD -36.1%).

Data 2013-10-28 ~ 2026-07-31daily bars 3,172 (12.8 years)Costs 0.5%Venue BMFBOVESPAMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR -8.1%, drawdown -89.4%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 15.5%, MDD -37.5%, Sharpe 0.62, 39% exposure.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 23.6%p higher than buy and hold, while drawdown improves by 51.9%p (CAGR 11.6%, MDD -36.1%, exposure 23%).

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
Donchian 채널 돌파
entryN=47, exitN=26
15.5%-37.5%0.620.416.3x3439%
볼린저 밴드 돌파
n=33, k=2.6
11.6%-36.1%0.580.324.1x4423%
MACD
fast=14, slow=42, signal=18
13.7%-66.9%0.520.205.1x13551%
Supertrend
period=18, mult=4.9
11.1%-68.0%0.480.163.8x3253%
ADX / DI 방향성
period=25, threshold=12
8.4%-51.7%0.410.162.8x13445%
SMA 크로스오버
fast=13, slow=42
8.3%-57.2%0.400.142.8x7848%
Keltner 채널 돌파
emaPeriod=57, atrPeriod=15, mult=2.6
6.6%-52.6%0.370.132.3x4429%
ROC 모멘텀
n=18, threshold=0.11
5.9%-58.8%0.350.102.1x21423%
EMA 크로스오버
fast=9, slow=86
3.1%-65.5%0.260.051.5x5051%
Parabolic SAR
step=0.01, maxStep=0.36
2.0%-61.1%0.250.031.3x17052%
Buy and hold-8.1%-89.4%0.14-0.090.3x1100%
1x 2014 2016 2018 2020 2022 2024 2026 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -22% -45% -67% -89% 2014 2016 2018 2020 2022 2024 2026 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -37.5% (2024-03-13 → 2025-02-28), recovered after 400 days.

Rules of the top strategy

A new high means a trend starting; a new low means it’s over (turtle-trading style).

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 setupMore BR assetsAll asset reports

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