Trend-Following Backtester · Guide · backtest 한국어

equity · FI

Neste Corporation backtest

10 trend-following strategies were compared on the full daily history of Neste Corporation. 2 beat buy-and-hold CAGR; EMA 크로스오버 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is EMA 크로스오버 (CAGR 12.8%, MDD -49.1%).

Data 2005-04-18 ~ 2026-07-31daily bars 5,365 (21.3 years)Costs 0.5%Venue OMXHEXMonthly snapshot 2026-07-31

Results by strategy

2 of 10 beat buy and hold (CAGR 8.5%, drawdown -89.0%).

Sharpe leader (same as main): EMA 크로스오버 — CAGR 12.8%, MDD -49.1%, Sharpe 0.60, 57% exposure.

CAGR reference leader: SMA 크로스오버 — CAGR 12.9%, MDD -54.3%, exposure 56%.

Return/drawdown alternative: EMA 크로스오버 — CAGR is 4.4%p higher than buy and hold, while drawdown improves by 40.0%p (CAGR 12.8%, MDD -49.1%, exposure 57%).

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
EMA 크로스오버
fast=52, slow=281
12.8%-49.1%0.600.2613.1x1357%
SMA 크로스오버
fast=66, slow=203
12.9%-54.3%0.590.2413.1x2956%
ADX / DI 방향성
period=13, threshold=37
4.9%-30.7%0.460.162.8x5411%
Keltner 채널 돌파
emaPeriod=43, atrPeriod=16, mult=3.1
6.7%-45.4%0.450.154.0x6828%
볼린저 밴드 돌파
n=46, k=2.1
7.1%-41.1%0.450.174.3x8132%
Supertrend
period=21, mult=3.9
7.6%-69.4%0.420.114.7x10252%
Donchian 채널 돌파
entryN=117, exitN=65
6.9%-61.2%0.410.114.2x2745%
ROC 모멘텀
n=76, threshold=0.14
5.5%-56.2%0.380.103.1x19128%
Parabolic SAR
step=0.005, maxStep=0.1
4.1%-65.0%0.280.062.4x17752%
MACD
fast=25, slow=26, signal=17
0.4%-75.2%0.140.011.1x25551%
Buy and hold8.5%-89.0%0.400.105.6x1100%
1x 10x 2006 2009 2012 2015 2018 2021 2024 SMA 크로스오버EMA 크로스오버Buy and hold
EMA 크로스오버 (Sharpe leader), SMA 크로스오버 (CAGR reference), Buy and hold.
0% -22% -45% -67% -89% 2006 2009 2012 2015 2018 2021 2024 Buy and holdSMA 크로스오버EMA 크로스오버
EMA 크로스오버 maximum drawdown -49.1% (2006-08-02 → 2012-11-16), recovered after 3,017 days.

Rules of the top strategy

Uses two exponential averages (more weight on recent prices) and trades their crossover.

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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