Trend-Following Backtester · Guide · backtest 한국어

equity · DE

Deutsche Lufthansa AG backtest

10 trend-following strategies were compared on the full daily history of Deutsche Lufthansa AG. 8 beat buy-and-hold CAGR; Supertrend ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ADX / DI 방향성 (CAGR 2.9%, MDD -34.9%).

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

8 of 10 beat buy and hold (CAGR 0.6%, drawdown -77.3%).

Sharpe leader (same as main): Supertrend — CAGR 7.9%, MDD -49.1%, Sharpe 0.43, 51% exposure.

Return/drawdown alternative: ADX / DI 방향성 — CAGR is 7.3%p higher than buy and hold, while drawdown improves by 28.3%p (CAGR 2.9%, MDD -34.9%, exposure 10%).

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
Supertrend
period=33, mult=3
7.9%-49.1%0.430.169.5x17651%
볼린저 밴드 돌파
n=51, k=2.1
5.3%-36.9%0.370.144.7x9832%
SMA 크로스오버
fast=36, slow=88
5.3%-53.1%0.340.104.6x9151%
ADX / DI 방향성
period=29, threshold=24
2.9%-34.9%0.330.082.3x4810%
EMA 크로스오버
fast=52, slow=67
4.7%-55.4%0.320.093.9x6551%
Donchian 채널 돌파
entryN=10, exitN=29
4.3%-66.7%0.290.063.5x15968%
Keltner 채널 돌파
emaPeriod=50, atrPeriod=17, mult=1.1
3.9%-51.5%0.280.083.1x21443%
ROC 모멘텀
n=76, threshold=0.03
1.8%-56.5%0.190.031.7x29345%
MACD
fast=28, slow=73, signal=15
0.5%-66.6%0.140.011.1x26252%
Parabolic SAR
step=0.015, maxStep=0.22
-2.6%-78.7%0.02-0.030.5x52451%
Buy and hold0.6%-77.3%0.200.011.2x1100%
1x 10x 1997 2001 2005 2009 2013 2017 2021 2025 SupertrendBuy and hold
Supertrend: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -19% -39% -58% -77% 1997 2001 2005 2009 2013 2017 2021 2025 Buy and holdSupertrend
Supertrend maximum drawdown -49.1% (2007-01-19 → 2009-04-27), recovered after 2,112 days.

Rules of the top strategy

Trades the direction of a volatility-based trend line that trails below/above 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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