Trend-Following Backtester · Guide · backtest 한국어

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Construtora Tenda SA backtest

10 trend-following strategies were compared on the full daily history of Construtora Tenda 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 8.7%, MDD -41.2%).

Data 2007-10-15 ~ 2026-07-31daily bars 4,666 (18.8 years)Costs 0.5%Venue BMFBOVESPAMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR 6.6%, drawdown -94.1%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 22.6%, MDD -64.6%, Sharpe 0.73, 86% exposure.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 15.9%p higher than buy and hold, while drawdown improves by 29.4%p (CAGR 8.7%, MDD -41.2%, exposure 18%).

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=22, exitN=59
22.6%-64.6%0.730.3546.0x1986%
EMA 크로스오버
fast=42, slow=218
16.8%-54.9%0.660.3118.5x578%
Keltner 채널 돌파
emaPeriod=20, atrPeriod=10, mult=1.3
14.0%-55.8%0.650.2511.7x10423%
MACD
fast=15, slow=55, signal=17
17.3%-76.0%0.640.2320.1x11069%
ROC 모멘텀
n=144, threshold=-0.02
15.8%-52.3%0.620.3015.8x5176%
ADX / DI 방향성
period=13, threshold=14
13.6%-63.7%0.570.2111.0x21232%
SMA 크로스오버
fast=30, slow=72
13.7%-58.2%0.570.2411.2x4138%
볼린저 밴드 돌파
n=59, k=2.6
8.7%-41.2%0.500.214.8x3018%
Supertrend
period=9, mult=3.2
10.8%-69.1%0.500.166.9x7032%
Parabolic SAR
step=0.01, maxStep=0.38
10.5%-71.0%0.480.156.6x14833%
Buy and hold6.6%-94.1%0.380.073.4x1100%
0.1 1x 10x 2008 2011 2014 2017 2020 2023 2026 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -24% -47% -71% -94% 2008 2011 2014 2017 2020 2023 2026 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -64.6% (2020-02-21 → 2023-04-05), recovered after 1,232 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 setupAll asset reports

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