Trend-Following Backtester · Guide · backtest 한국어

equity · FI

Terveystalo Oy Class A backtest

10 trend-following strategies were compared on the full daily history of Terveystalo Oy Class A. 8 beat buy-and-hold CAGR; ADX / DI 방향성 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is 볼린저 밴드 돌파 (CAGR 1.3%, MDD -10.9%).

Data 2017-10-11 ~ 2026-07-31daily bars 2,209 (8.8 years)Costs 0.5%Venue OMXHEXMonthly snapshot 2026-07-31

Results by strategy

8 of 10 beat buy and hold (CAGR -3.2%, drawdown -51.8%).

Sharpe leader (same as main): ADX / DI 방향성 — CAGR 4.3%, MDD -15.9%, Sharpe 0.45, 15% exposure.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 7.5%p higher than buy and hold, while drawdown improves by 35.9%p (CAGR 1.3%, MDD -10.9%, exposure 3%).

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=14, threshold=31
4.3%-15.9%0.450.271.4x3615%
SMA 크로스오버
fast=68, slow=127
3.8%-40.3%0.290.091.4x1850%
볼린저 밴드 돌파
n=24, k=3.4
1.3%-10.9%0.290.121.1x43%
ROC 모멘텀
n=105, threshold=0.05
1.3%-36.8%0.160.041.1x5038%
Donchian 채널 돌파
entryN=11, exitN=72
0.4%-42.0%0.140.011.0x2880%
Keltner 채널 돌파
emaPeriod=45, atrPeriod=26, mult=3.2
-0.1%-20.9%0.05-0.001.0x2422%
Supertrend
period=24, mult=2.5
-1.4%-29.3%0.01-0.050.9x6843%
EMA 크로스오버
fast=37, slow=218
-2.5%-50.8%-0.06-0.050.8x1443%
MACD
fast=18, slow=23, signal=12
-3.3%-48.6%-0.07-0.070.7x12751%
Parabolic SAR
step=0.035, maxStep=0.26
-7.7%-62.3%-0.33-0.120.5x25350%
Buy and hold-3.2%-51.8%0.02-0.060.8x1100%
1x 2018 2020 2022 2024 2026 ADX / DI 방향성Buy and hold
ADX / DI 방향성: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -13% -26% -39% -52% 2018 2020 2022 2024 2026 Buy and holdADX / DI 방향성
ADX / DI 방향성 maximum drawdown -15.9% (2023-02-13 → 2024-04-25), 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

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