Trend-Following Backtester · Guide · backtest 한국어

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Fleury SA backtest

10 trend-following strategies were compared on the full daily history of Fleury SA. 3 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 3.8%, MDD -10.7%).

Data 2009-12-17 ~ 2026-07-31daily bars 4,128 (16.6 years)Costs 0.5%Venue BMFBOVESPAMonthly snapshot 2026-07-31

Results by strategy

3 of 10 beat buy and hold (CAGR 4.2%, drawdown -66.1%).

Sharpe leader (same as main): Keltner 채널 돌파 — CAGR 3.8%, MDD -10.7%, Sharpe 0.59, 5% exposure.

CAGR reference leader: Donchian 채널 돌파 — CAGR 6.3%, MDD -30.2%, exposure 29%.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 0.4%p lower than buy and hold, while drawdown improves by 55.4%p (CAGR 3.8%, MDD -10.7%, exposure 5%).

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=29, atrPeriod=19, mult=3.9
3.8%-10.7%0.590.351.8x85%
ADX / DI 방향성
period=19, threshold=34
3.7%-11.9%0.550.311.8x185%
Donchian 채널 돌파
entryN=75, exitN=19
6.3%-30.2%0.470.212.8x3629%
볼린저 밴드 돌파
n=60, k=2.8
5.2%-27.2%0.460.192.3x3223%
ROC 모멘텀
n=71, threshold=0.28
2.8%-21.8%0.380.131.6x527%
Supertrend
period=6, mult=2.7
4.2%-53.1%0.300.082.0x10152%
MACD
fast=34, slow=64, signal=33
3.8%-64.8%0.290.061.9x9750%
EMA 크로스오버
fast=13, slow=72
1.8%-56.9%0.190.031.3x7549%
SMA 크로스오버
fast=12, slow=160
1.7%-57.1%0.190.031.3x4946%
Parabolic SAR
step=0.005, maxStep=0.22
-3.1%-72.5%-0.06-0.040.6x14549%
Buy and hold4.2%-66.1%0.290.062.0x1100%
1x 2010 2013 2016 2019 2022 2025 Donchian 채널 돌파Keltner 채널 돌파Buy and hold
Keltner 채널 돌파 (Sharpe leader), Donchian 채널 돌파 (CAGR reference), Buy and hold.
0% -17% -33% -50% -66% 2010 2013 2016 2019 2022 2025 Buy and holdDonchian 채널 돌파Keltner 채널 돌파
Keltner 채널 돌파 maximum drawdown -10.7% (2017-05-12 → 2019-08-16), prior peak not yet recovered.

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.
Re-run the same setupAll asset reports

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