Trend-Following Backtester · Guide · backtest 한국어

equity · BR

TIM S.A. backtest

10 trend-following strategies were compared on the full daily history of TIM S.A.. 0 beat buy-and-hold CAGR; 볼린저 밴드 돌파 ranks first by Sharpe, matching the main backtester.

Data 2005-07-08 ~ 2026-07-31daily bars 5,240 (21.1 years)Costs 0.5%Venue BMFBOVESPAMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 8.1%, drawdown -69.2%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 1.6%, MDD -12.8%, Sharpe 0.36, 2% exposure.

CAGR reference leader: SMA 크로스오버 — CAGR 4.7%, MDD -44.6%, exposure 56%.

No strategy retained at least 75% of buy-and-hold CAGR while reducing drawdown by both 20% relatively and 5 percentage points absolutely.

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=23, k=3.5
1.6%-12.8%0.360.121.4x82%
SMA 크로스오버
fast=52, slow=262
4.7%-44.6%0.310.112.6x2656%
Donchian 채널 돌파
entryN=148, exitN=55
3.8%-47.2%0.280.082.2x2033%
Keltner 채널 돌파
emaPeriod=68, atrPeriod=8, mult=3.4
2.8%-38.0%0.250.071.8x4023%
EMA 크로스오버
fast=77, slow=91
2.3%-68.3%0.240.031.6x4258%
ROC 모멘텀
n=121, threshold=-0.15
-0.8%-80.7%0.17-0.010.8x11286%
ADX / DI 방향성
period=38, threshold=18
1.1%-49.9%0.150.021.3x4417%
Supertrend
period=10, mult=4.1
-1.9%-90.4%0.12-0.020.7x8263%
MACD
fast=12, slow=46, signal=15
-7.2%-87.9%-0.12-0.080.2x28049%
Parabolic SAR
step=0.01, maxStep=0.16
-10.1%-94.9%-0.20-0.110.1x30853%
Buy and hold8.1%-69.2%0.400.125.1x1100%
1x 2006 2009 2012 2015 2018 2021 2024 SMA 크로스오버볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파 (Sharpe leader), SMA 크로스오버 (CAGR reference), Buy and hold.
0% -17% -35% -52% -69% 2006 2009 2012 2015 2018 2021 2024 Buy and holdSMA 크로스오버볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -12.8% (2005-12-13 → 2006-11-01), recovered after 346 days.

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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