Trend-Following Backtester · Guide · backtest 한국어

equity · ES

Fluidra, S.A. backtest

10 trend-following strategies were compared on the full daily history of Fluidra, S.A.. 6 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is 볼린저 밴드 돌파 (CAGR 6.8%, MDD -35.8%).

Data 2007-10-31 ~ 2026-07-31daily bars 4,790 (18.7 years)Costs 0.5%Venue BMEMonthly snapshot 2026-07-31

Results by strategy

6 of 10 beat buy and hold (CAGR 5.7%, drawdown -73.0%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 14.2%, MDD -40.7%, Sharpe 0.63, 65% exposure.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 8.5%p higher than buy and hold, while drawdown improves by 32.2%p (CAGR 6.8%, MDD -35.8%, exposure 24%).

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=45, exitN=66
14.2%-40.7%0.630.3512.1x2465%
ADX / DI 방향성
period=29, threshold=31
3.0%-12.3%0.540.241.7x104%
SMA 크로스오버
fast=58, slow=177
10.5%-43.2%0.520.246.5x3258%
볼린저 밴드 돌파
n=51, k=2.9
6.8%-35.8%0.480.193.4x4424%
ROC 모멘텀
n=129, threshold=-0.03
8.8%-68.7%0.450.134.9x13262%
Supertrend
period=25, mult=4.9
7.1%-54.2%0.410.133.6x4853%
EMA 크로스오버
fast=44, slow=128
6.0%-55.1%0.360.113.0x3457%
Keltner 채널 돌파
emaPeriod=59, atrPeriod=23, mult=3
4.9%-38.2%0.350.132.4x5630%
Parabolic SAR
step=0.01, maxStep=0.06
-0.7%-77.6%0.09-0.010.9x23554%
MACD
fast=24, slow=68, signal=15
-2.1%-70.2%0.04-0.030.7x19553%
Buy and hold5.7%-73.0%0.330.082.8x1100%
1x 10x 2008 2011 2014 2017 2020 2023 2026 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -18% -36% -55% -73% 2008 2011 2014 2017 2020 2023 2026 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -40.7% (2009-12-23 → 2012-11-09), recovered after 1,553 days.

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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