Trend-Following Backtester · Guide · backtest 한국어

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BASF SE backtest

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

Data 1996-12-16 ~ 2026-07-31daily bars 7,587 (29.6 years)Costs 0.5%Venue XETRMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 4.1%, drawdown -61.9%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 3.9%, MDD -57.9%, Sharpe 0.28, 78% 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=18, exitN=64
3.9%-57.9%0.280.073.1x8378%
볼린저 밴드 돌파
n=19, k=3.4
0.6%-5.5%0.240.101.2x20%
SMA 크로스오버
fast=27, slow=115
1.8%-51.9%0.190.031.7x7857%
Supertrend
period=27, mult=4.6
1.3%-54.0%0.160.021.5x10253%
EMA 크로스오버
fast=51, slow=76
1.0%-64.1%0.150.021.3x7457%
ROC 모멘텀
n=117, threshold=0.01
-0.5%-61.9%0.06-0.010.9x28054%
MACD
fast=16, slow=59, signal=24
-2.1%-66.1%-0.01-0.030.5x29152%
Parabolic SAR
step=0.005, maxStep=0.28
-2.4%-75.7%-0.02-0.030.5x27753%
Keltner 채널 돌파
emaPeriod=56, atrPeriod=12, mult=1
-2.7%-60.1%-0.08-0.040.4x26146%
ADX / DI 방향성
period=25, threshold=38
-0.1%-4.8%-0.13-0.021.0x20%
Buy and hold4.1%-61.9%0.280.073.3x1100%
1x 1997 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% -15% -31% -46% -62% 1997 2001 2005 2009 2013 2017 2021 2025 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -57.9% (2021-03-08 → 2025-12-04), 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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