Trend-Following Backtester · Guide · backtest 한국어

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Caixa Seguridade Participacoes SA backtest

10 trend-following strategies were compared on the full daily history of Caixa Seguridade Participacoes SA. 3 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is EMA 크로스오버 (CAGR 14.6%, MDD -17.0%).

Data 2021-04-30 ~ 2026-07-31daily bars 1,312 (5.3 years)Costs 0.5%Venue BMFBOVESPAMonthly snapshot 2026-07-31

Results by strategy

3 of 10 beat buy and hold (CAGR 14.2%, drawdown -50.5%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 19.7%, MDD -20.1%, Sharpe 0.97, 75% exposure.

Return/drawdown alternative: EMA 크로스오버 — CAGR is 5.5%p higher than buy and hold, while drawdown improves by 30.4%p (CAGR 14.6%, MDD -17.0%, exposure 65%).

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=218, threshold=-0.13
19.7%-20.1%0.970.982.6x575%
SMA 크로스오버
fast=54, slow=155
16.0%-17.9%0.930.892.2x755%
EMA 크로스오버
fast=58, slow=209
14.6%-17.0%0.810.862.0x565%
Donchian 채널 돌파
entryN=61, exitN=59
13.8%-23.7%0.790.582.0x758%
볼린저 밴드 돌파
n=55, k=1.3
10.1%-22.9%0.660.441.7x2545%
ADX / DI 방향성
period=39, threshold=21
5.0%-11.0%0.570.451.3x815%
MACD
fast=16, slow=29, signal=16
8.6%-26.0%0.530.331.5x5644%
Keltner 채널 돌파
emaPeriod=57, atrPeriod=21, mult=2
7.5%-27.7%0.530.271.5x2340%
Supertrend
period=28, mult=3.9
7.6%-47.4%0.470.161.5x2254%
Parabolic SAR
step=0.04, maxStep=0.2
5.5%-34.4%0.360.161.3x15853%
Buy and hold14.2%-50.5%0.620.282.0x1100%
1x 2022 2023 2024 2025 2026 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -13% -25% -38% -50% 2022 2023 2024 2025 2026 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -20.1% (2024-05-06 → 2025-08-05), recovered after 603 days.

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

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