Trend-Following Backtester · Guide · backtest 한국어

equity · DE

Delivery Hero SE backtest

10 trend-following strategies were compared on the full daily history of Delivery Hero SE. 10 beat buy-and-hold CAGR; Parabolic SAR ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Keltner 채널 돌파 (CAGR 12.3%, MDD -36.7%).

Data 2017-06-30 ~ 2026-07-31daily bars 2,308 (9.1 years)Costs 0.5%Venue XETRMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR 3.3%, drawdown -89.4%).

Sharpe leader (same as main): Parabolic SAR — CAGR 30.9%, MDD -39.8%, Sharpe 0.91, 53% exposure.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 27.6%p higher than buy and hold, while drawdown improves by 49.6%p (CAGR 12.3%, MDD -36.7%, exposure 28%).

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
Parabolic SAR
step=0.015, maxStep=0.06
30.9%-39.8%0.910.7811.5x10553%
Supertrend
period=8, mult=2
25.9%-52.1%0.830.508.1x9547%
MACD
fast=21, slow=48, signal=17
27.6%-66.5%0.810.419.1x7649%
볼린저 밴드 돌파
n=21, k=1.3
21.3%-39.0%0.770.545.8x9840%
SMA 크로스오버
fast=11, slow=18
20.2%-67.2%0.680.305.3x12152%
ROC 모멘텀
n=129, threshold=0.08
16.8%-45.0%0.650.374.1x6544%
Donchian 채널 돌파
entryN=19, exitN=7
15.1%-49.7%0.620.303.6x7636%
Keltner 채널 돌파
emaPeriod=18, atrPeriod=17, mult=1.7
12.3%-36.7%0.560.332.9x7428%
ADX / DI 방향성
period=8, threshold=12
8.9%-68.6%0.410.132.2x24652%
EMA 크로스오버
fast=49, slow=219
5.1%-52.7%0.320.101.6x939%
Buy and hold3.3%-89.4%0.330.041.3x1100%
1x 10x 2018 2020 2022 2024 2026 Parabolic SARBuy and hold
Parabolic SAR: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -22% -45% -67% -89% 2018 2020 2022 2024 2026 Buy and holdParabolic SAR
Parabolic SAR maximum drawdown -39.8% (2021-08-06 → 2022-07-06), recovered after 696 days.

Rules of the top strategy

Trades around the Parabolic SAR dots that accelerate toward 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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