Trend-Following Backtester · Guide · backtest 한국어

equity · CL

Quinenco S.A. backtest

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

Data 2000-01-03 ~ 2026-07-31daily bars 6,716 (26.6 years)Costs 0.5%Venue BCSMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 7.7%, drawdown -99.0%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 4.2%, MDD -99.0%, Sharpe 0.27, 90% exposure.

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
Donchian 채널 돌파
entryN=8, exitN=94
4.2%-99.0%0.270.042.9x10590%
ROC 모멘텀
n=141, threshold=-0.09
4.0%-99.4%0.270.042.8x15577%
SMA 크로스오버
fast=43, slow=154
-12.8%-99.6%0.19-0.130.0x4857%
EMA 크로스오버
fast=36, slow=128
-13.8%-99.7%0.19-0.140.0x5057%
ADX / DI 방향성
period=20, threshold=28
-0.7%-99.3%0.19-0.010.8x8411%
Parabolic SAR
step=0.015, maxStep=0.18
-17.9%-100.0%0.19-0.180.0x36950%
Supertrend
period=8, mult=4.8
-18.6%-100.0%0.19-0.190.0x17359%
볼린저 밴드 돌파
n=22, k=1.5
-18.5%-100.0%0.19-0.190.0x29336%
MACD
fast=18, slow=31, signal=21
-18.9%-100.0%0.19-0.190.0x28948%
Keltner 채널 돌파
emaPeriod=29, atrPeriod=19, mult=2.1
-20.0%-100.0%0.19-0.200.0x21934%
Buy and hold7.7%-99.0%0.280.087.1x1100%
1x 10x 2001 2005 2009 2013 2017 2021 2025 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -25% -50% -74% -99% 2001 2005 2009 2013 2017 2021 2025 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -99.0% (2006-06-29 → 2006-07-26), prior peak not yet recovered.

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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