Trend-Following Backtester · Guide · backtest 한국어

equity · DE

INDUS Holding AG backtest

10 trend-following strategies were compared on the full daily history of INDUS Holding AG. 5 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ADX / DI 방향성 (CAGR 0.8%, MDD -30.3%).

Data 1998-11-10 ~ 2026-07-31daily bars 7,091 (27.7 years)Costs 0.5%Venue XETRMonthly snapshot 2026-07-31

Results by strategy

5 of 10 beat buy and hold (CAGR -0.1%, drawdown -77.7%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 2.5%, MDD -48.7%, Sharpe 0.23, 41% exposure.

Return/drawdown alternative: ADX / DI 방향성 — CAGR is 2.6%p higher than buy and hold, while drawdown improves by 29.0%p (CAGR 0.8%, MDD -30.3%, exposure 5%).

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=108, exitN=51
2.5%-48.7%0.230.052.0x4241%
EMA 크로스오버
fast=26, slow=205
1.8%-48.2%0.190.041.7x4750%
ADX / DI 방향성
period=29, threshold=26
0.8%-30.3%0.160.031.2x405%
MACD
fast=29, slow=56, signal=18
1.2%-70.0%0.160.021.4x21349%
SMA 크로스오버
fast=13, slow=182
1.1%-56.6%0.150.021.4x6450%
Parabolic SAR
step=0.01, maxStep=0.14
-0.4%-67.5%0.07-0.010.9x33551%
Supertrend
period=10, mult=3.8
-0.4%-66.4%0.07-0.010.9x14148%
볼린저 밴드 돌파
n=52, k=2.4
-0.2%-39.5%0.05-0.010.9x9226%
Keltner 채널 돌파
emaPeriod=54, atrPeriod=22, mult=2.1
-0.8%-56.9%0.02-0.010.8x13935%
ROC 모멘텀
n=123, threshold=0.01
-1.7%-64.3%0.00-0.030.6x25449%
Buy and hold-0.1%-77.7%0.14-0.001.0x1100%
1x 1999 2003 2007 2011 2015 2019 2023 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -19% -39% -58% -78% 1999 2003 2007 2011 2015 2019 2023 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -48.7% (2017-06-19 → 2025-06-20), 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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