Trend-Following Backtester · Guide · backtest 한국어

equity · BR

Telefonica Brasil S.A. backtest

10 trend-following strategies were compared on the full daily history of Telefonica Brasil S.A.. 1 beat buy-and-hold CAGR; ADX / DI 방향성 ranks first by Sharpe, matching the main backtester.

Data 2000-01-03 ~ 2026-07-31daily bars 6,672 (26.6 years)Costs 0.5%Venue BMFBOVESPAMonthly snapshot 2026-07-31

Results by strategy

1 of 10 beat buy and hold (CAGR 3.8%, drawdown -56.7%).

Sharpe leader (same as main): ADX / DI 방향성 — CAGR 2.0%, MDD -17.2%, Sharpe 0.36, 3% exposure.

CAGR reference leader: ROC 모멘텀 — CAGR 4.2%, MDD -56.7%, exposure 100%. It is hold-like at 95%+ exposure and is not used as the featured strategy.

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
ADX / DI 방향성
period=25, threshold=39
2.0%-17.2%0.360.121.7x63%
ROC 모멘텀
Hold-like · Exposure 100%
n=1, threshold=-0.15
4.2%-56.7%0.290.073.0x3100%
SMA 크로스오버
fast=58, slow=176
1.8%-43.6%0.190.041.6x4256%
EMA 크로스오버
fast=42, slow=137
0.2%-51.4%0.120.001.0x4656%
볼린저 밴드 돌파
n=44, k=3.5
0.6%-29.4%0.120.021.2x206%
Donchian 채널 돌파
entryN=72, exitN=71
-1.7%-66.0%0.03-0.030.6x4453%
Supertrend
period=8, mult=5
-3.6%-87.1%-0.05-0.040.4x8259%
Keltner 채널 돌파
emaPeriod=26, atrPeriod=18, mult=3.4
-0.8%-35.8%-0.06-0.020.8x408%
MACD
fast=28, slow=34, signal=30
-5.4%-88.9%-0.16-0.060.2x24949%
Parabolic SAR
step=0.005, maxStep=0.18
-8.7%-95.7%-0.33-0.090.1x23048%
Buy and hold3.8%-56.7%0.280.072.7x1100%
1x 2001 2005 2009 2013 2017 2021 2025 ROC 모멘텀ADX / DI 방향성Buy and hold
ADX / DI 방향성 (Sharpe leader), ROC 모멘텀 (CAGR reference), Buy and hold.
0% -14% -28% -43% -57% 2001 2005 2009 2013 2017 2021 2025 Buy and holdROC 모멘텀ADX / DI 방향성
ADX / DI 방향성 maximum drawdown -17.2% (2004-01-26 → 2004-02-05), prior peak not yet recovered.

Rules of the top strategy

Looks at both the direction and the strength of the trend; holds only in a strong uptrend.

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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