Trend-Following Backtester · Guide · backtest 한국어

equity · ES

Arteche Lantegi Elkartea SA backtest

10 trend-following strategies were compared on the full daily history of Arteche Lantegi Elkartea SA. 4 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Parabolic SAR (CAGR 39.0%, MDD -18.5%).

Data 2021-06-24 ~ 2026-07-31daily bars 1,306 (5.1 years)Costs 0.5%Venue BMEMonthly snapshot 2026-07-31

Results by strategy

4 of 10 beat buy and hold (CAGR 45.4%, drawdown -36.8%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 57.1%, MDD -26.7%, Sharpe 1.54, 76% exposure.

Return/drawdown alternative: Parabolic SAR — CAGR is 11.8%p higher than buy and hold, while drawdown improves by 10.1%p (CAGR 39.0%, MDD -18.5%, exposure 56%).

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=64, exitN=34
57.1%-26.7%1.542.1410.0x276%
SMA 크로스오버
fast=52, slow=101
49.7%-36.8%1.401.357.8x570%
EMA 크로스오버
fast=25, slow=60
49.5%-31.3%1.391.587.8x871%
ROC 모멘텀
n=128, threshold=0.09
48.0%-36.8%1.381.307.4x1158%
Supertrend
period=18, mult=3.7
44.0%-24.6%1.311.796.4x2264%
Parabolic SAR
step=0.005, maxStep=0.2
39.0%-18.5%1.272.115.4x3056%
ADX / DI 방향성
period=48, threshold=13
39.9%-34.5%1.261.165.5x1447%
Keltner 채널 돌파
emaPeriod=31, atrPeriod=8, mult=2.9
31.1%-26.9%1.171.164.0x2235%
볼린저 밴드 돌파
n=48, k=2
29.4%-22.1%1.061.333.7x2442%
MACD
fast=17, slow=20, signal=17
12.8%-50.3%0.570.261.9x7649%
Buy and hold45.4%-36.8%1.221.236.7x1100%
1x 10x 2022 2023 2024 2025 2026 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -9% -18% -28% -37% 2022 2023 2024 2025 2026 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -26.7% (2026-05-08 → 2026-06-26), 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

Read next