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Trend-Following Backtester · Guide · backtest 한국어

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Hashdex Nasdaq Crypto Index Fundo de Indice backtest

10 trend-following strategies were compared on the full daily history of Hashdex Nasdaq Crypto Index Fundo de Indice. 10 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 22.8%, MDD -12.9%).

Data 2021-04-26 ~ 2026-07-31daily bars 1,315 (5.3 years)Costs 0.5%Venue BMFBOVESPAMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR -4.7%, drawdown -78.1%).

Sharpe leader (same as main): Keltner 채널 돌파 — CAGR 22.8%, MDD -12.9%, Sharpe 1.14, 15% exposure.

CAGR reference leader: EMA 크로스오버 — CAGR 26.7%, MDD -34.1%, exposure 47%.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 27.5%p higher than buy and hold, while drawdown improves by 65.2%p (CAGR 22.8%, MDD -12.9%, exposure 15%).

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=13, atrPeriod=26, mult=2.5
22.8%-12.9%1.141.772.9x1615%
볼린저 밴드 돌파
n=33, k=2.5
25.6%-15.4%1.111.663.3x1421%
ROC 모멘텀
n=11, threshold=0.13
19.9%-21.2%1.030.942.6x6413%
SMA 크로스오버
fast=19, slow=236
26.1%-37.8%0.880.693.4x251%
EMA 크로스오버
fast=8, slow=67
26.7%-34.1%0.880.783.5x1847%
MACD
fast=16, slow=31, signal=18
25.6%-53.6%0.810.483.3x4149%
ADX / DI 방향성
period=30, threshold=12
20.0%-28.7%0.790.702.6x4834%
Donchian 채널 돌파
entryN=43, exitN=51
22.6%-34.6%0.760.652.9x1448%
Supertrend
period=25, mult=3.8
12.2%-40.3%0.510.301.8x2643%
Parabolic SAR
step=0.025, maxStep=0.24
4.6%-53.0%0.300.091.3x12650%
Buy and hold-4.7%-78.1%0.18-0.060.8x1100%
1x 2022 2023 2024 2025 2026 EMA 크로스오버Keltner 채널 돌파Buy and hold
Keltner 채널 돌파 (Sharpe leader), EMA 크로스오버 (CAGR reference), Buy and hold.
0% -20% -39% -59% -78% 2022 2023 2024 2025 2026 Buy and holdEMA 크로스오버Keltner 채널 돌파
Keltner 채널 돌파 maximum drawdown -12.9% (2024-12-17 → 2025-07-15), 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.
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