Trend-Following Backtester · Guide · backtest 한국어

equity · CA

Boralex Inc. Class A backtest

10 trend-following strategies were compared on the full daily history of Boralex Inc. Class A. 1 beat buy-and-hold CAGR; Supertrend ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is SMA 크로스오버 (CAGR 6.3%, MDD -55.9%).

Data 1996-08-06 ~ 2026-07-31daily bars 7,538 (30.0 years)Costs 0.5%Venue TSXMonthly snapshot 2026-07-31

Results by strategy

1 of 10 beat buy and hold (CAGR 7.9%, drawdown -73.7%).

Sharpe leader (same as main): Supertrend — CAGR 8.9%, MDD -61.4%, Sharpe 0.45, 57% exposure.

Return/drawdown alternative: SMA 크로스오버 — CAGR is 1.0%p higher than buy and hold, while drawdown improves by 12.3%p (CAGR 6.3%, MDD -55.9%, exposure 57%).

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
Supertrend
period=13, mult=5
8.9%-61.4%0.450.1412.8x7557%
EMA 크로스오버
fast=55, slow=183
6.2%-54.8%0.380.116.1x3756%
SMA 크로스오버
fast=32, slow=171
6.3%-55.9%0.380.116.3x6157%
Keltner 채널 돌파
emaPeriod=68, atrPeriod=24, mult=2.7
4.5%-49.3%0.330.093.7x9936%
Donchian 채널 돌파
entryN=12, exitN=73
5.2%-70.3%0.320.074.6x8981%
볼린저 밴드 돌파
n=58, k=2.3
3.5%-56.6%0.280.062.8x9931%
ADX / DI 방향성
period=39, threshold=10
3.7%-62.6%0.280.063.0x25546%
Parabolic SAR
step=0.015, maxStep=0.1
2.9%-59.0%0.240.052.3x44252%
ROC 모멘텀
n=72, threshold=0.06
-0.0%-69.9%0.10-0.001.0x38041%
MACD
fast=18, slow=38, signal=20
-4.0%-92.6%-0.03-0.040.3x35249%
Buy and hold7.9%-73.7%0.390.119.7x1100%
1x 10x 1997 2001 2005 2009 2013 2017 2021 2025 SupertrendBuy and hold
Supertrend: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -18% -37% -55% -74% 1997 2001 2005 2009 2013 2017 2021 2025 Buy and holdSupertrend
Supertrend maximum drawdown -61.4% (1997-01-17 → 2000-05-25), recovered after 1,532 days.

Rules of the top strategy

Trades the direction of a volatility-based trend line that trails below/above price.

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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