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Trend-Following Backtester · Guide · backtest 한국어

etf · CL

Fondo de Inversion LarrainVial Deuda Privada 2017-22.06.27 backtest

10 trend-following strategies were compared on the full daily history of Fondo de Inversion LarrainVial Deuda Privada 2017-22.06.27. 0 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. Its 100% market exposure makes it hold-like.

Data 2018-05-10 ~ 2026-07-31daily bars 2,039 (8.2 years)Costs 0.5%Venue BCSMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 6.2%, drawdown -9.5%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 6.1%, MDD -10.4%, Sharpe 0.52, 100% exposure. With at least 95% exposure, it should be treated as hold-like, not strong evidence of timing skill.

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
ROC 모멘텀
Hold-like · Exposure 100%
n=9, threshold=-0.08
6.1%-10.4%0.520.581.6x3100%
SMA 크로스오버
fast=48, slow=187
5.3%-8.3%0.500.641.5x580%
볼린저 밴드 돌파
n=30, k=3.5
0.6%-1.5%0.460.411.1x214%
EMA 크로스오버
fast=77, slow=173
4.8%-9.2%0.450.521.5x583%
Donchian 채널 돌파
Hold-like · Exposure 97%
entryN=11, exitN=104
4.2%-14.6%0.390.291.4x797%
ADX / DI 방향성
period=54, threshold=11
0.9%-7.8%0.160.111.1x1838%
Keltner 채널 돌파
emaPeriod=41, atrPeriod=13, mult=4
-1.0%-15.1%-0.23-0.070.9x1926%
Supertrend
period=17, mult=4.5
-4.0%-37.5%-0.32-0.110.7x4166%
Parabolic SAR
step=0.005, maxStep=0.06
-5.6%-38.7%-0.47-0.150.6x9171%
MACD
fast=32, slow=71, signal=54
-7.7%-49.0%-0.87-0.160.5x6747%
Buy and hold6.2%-9.5%0.520.651.6x1100%
1x 2019 2020 2021 2022 2023 2024 2025 2026 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -3% -5% -8% -10% 2019 2020 2021 2022 2023 2024 2025 2026 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -10.4% (2020-04-13 → 2020-05-05), recovered after 298 days.

Rules of the top strategy

Rides the trend when recent return (momentum) over a window is above a threshold.

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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