Trend-Following Backtester · Guide · backtest 한국어

equity · DK

Dampskibsselskabet NORDEN A/S backtest

10 trend-following strategies were compared on the full daily history of Dampskibsselskabet NORDEN A/S. 2 beat buy-and-hold CAGR; ADX / DI 방향성 ranks first by Sharpe, matching the main backtester.

Data 2000-01-11 ~ 2026-07-30daily bars 6,699 (26.5 years)Costs 0.5%Venue OMXCOPMonthly snapshot 2026-07-31

Results by strategy

2 of 10 beat buy and hold (CAGR 13.2%, drawdown -95.9%).

Sharpe leader (same as main): ADX / DI 방향성 — CAGR 4.9%, MDD -39.7%, Sharpe 0.41, 6% exposure.

CAGR reference leader: SMA 크로스오버 — CAGR 17.9%, MDD -95.9%, exposure 55%.

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
ADX / DI 방향성
period=32, threshold=25
4.9%-39.7%0.410.123.6x306%
SMA 크로스오버
fast=49, slow=203
17.9%-95.9%0.400.1979.7x3155%
EMA 크로스오버
fast=39, slow=185
15.3%-95.3%0.350.1644.1x4154%
Donchian 채널 돌파
entryN=60, exitN=66
7.9%-96.8%0.340.087.4x4561%
ROC 모멘텀
n=124, threshold=0.26
4.0%-62.6%0.280.062.8x20623%
볼린저 밴드 돌파
n=51, k=3
3.5%-57.8%0.270.062.5x5018%
Keltner 채널 돌파
emaPeriod=34, atrPeriod=25, mult=4
2.4%-61.0%0.220.041.9x6215%
MACD
fast=17, slow=54, signal=23
-2.6%-92.5%0.07-0.030.5x29151%
Supertrend
period=5, mult=2.6
-4.4%-88.3%0.03-0.050.3x28555%
Parabolic SAR
step=0.04, maxStep=0.06
-20.4%-99.9%-0.05-0.200.0x42756%
Buy and hold13.2%-95.9%0.400.1427.1x1100%
0.1 1x 10x 2001 2005 2009 2013 2017 2021 2025 SMA 크로스오버ADX / DI 방향성Buy and hold
ADX / DI 방향성 (Sharpe leader), SMA 크로스오버 (CAGR reference), Buy and hold.
0% -24% -48% -72% -96% 2001 2005 2009 2013 2017 2021 2025 Buy and holdSMA 크로스오버ADX / DI 방향성
ADX / DI 방향성 maximum drawdown -39.7% (2007-10-29 → 2022-09-19), prior peak not yet recovered.

Rules of the top strategy

Looks at both the direction and the strength of the trend; holds only in a strong uptrend.

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

Read next