Trend-Following Backtester · Guide · backtest 한국어

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Gold - Trend ETF LBMA Ouro Fundo Investimento Cotas de Fundo de Indice Investiment Exterior backtest

10 trend-following strategies were compared on the full daily history of Gold - Trend ETF LBMA Ouro Fundo Investimento Cotas de Fundo de Indice Investiment Exterior. 4 beat buy-and-hold CAGR; 볼린저 밴드 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is 볼린저 밴드 돌파 (CAGR 15.1%, MDD -12.6%).

Data 2020-12-11 ~ 2026-07-31daily bars 1,402 (5.6 years)Costs 0.5%Venue BMFBOVESPAMonthly snapshot 2026-07-31

Results by strategy

4 of 10 beat buy and hold (CAGR 14.3%, drawdown -27.9%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 15.1%, MDD -12.6%, Sharpe 1.15, 38% exposure.

CAGR reference leader: SMA 크로스오버 — CAGR 16.8%, MDD -18.0%, exposure 59%.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 0.8%p higher than buy and hold, while drawdown improves by 15.3%p (CAGR 15.1%, MDD -12.6%, exposure 38%).

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
볼린저 밴드 돌파
n=57, k=3
15.1%-12.6%1.151.202.2x838%
Donchian 채널 돌파
entryN=84, exitN=43
16.5%-15.3%1.101.082.4x657%
SMA 크로스오버
fast=23, slow=133
16.8%-18.0%1.090.932.4x659%
Keltner 채널 돌파
emaPeriod=61, atrPeriod=23, mult=3.4
13.1%-15.7%1.000.832.0x1040%
EMA 크로스오버
fast=44, slow=59
14.5%-18.0%0.940.802.1x1064%
ROC 모멘텀
n=128, threshold=0.11
11.7%-18.0%0.880.651.9x1441%
ADX / DI 방향성
period=39, threshold=13
10.2%-16.4%0.810.621.7x1237%
Supertrend
period=8, mult=4.4
7.8%-34.2%0.570.231.5x1865%
MACD
fast=38, slow=43, signal=40
-0.4%-29.9%0.04-0.011.0x4145%
Parabolic SAR
step=0.005, maxStep=0.12
-0.7%-39.6%0.02-0.021.0x4753%
Buy and hold14.3%-27.9%0.790.512.1x1100%
1x 2021 2022 2023 2024 2025 2026 SMA 크로스오버볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파 (Sharpe leader), SMA 크로스오버 (CAGR reference), Buy and hold.
0% -7% -14% -21% -28% 2021 2022 2023 2024 2025 2026 Buy and holdSMA 크로스오버볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -12.6% (2026-01-29 → 2026-02-02), prior peak not yet recovered.

Rules of the top strategy

Breaking above the upper band (average plus a multiple of volatility) signals a strong move up.

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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