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Trend-Following Backtester · Guide · backtest 한국어

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Amundi Index Solutions SICAV - Amundi CAC 40 ESG UCITS ETF Capitalisation backtest

10 trend-following strategies were compared on the full daily history of Amundi Index Solutions SICAV - Amundi CAC 40 ESG UCITS ETF Capitalisation. 0 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ROC 모멘텀 (CAGR 5.1%, MDD -39.4%).

Data 2008-01-02 ~ 2026-07-31daily bars 4,750 (18.6 years)Costs 0.5%Venue EURONEXTMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 5.5%, drawdown -54.5%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 5.1%, MDD -39.4%, Sharpe 0.38, 84% exposure.

Return/drawdown alternative: ROC 모멘텀 — CAGR is 0.4%p lower than buy and hold, while drawdown improves by 15.1%p (CAGR 5.1%, MDD -39.4%, exposure 84%).

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
ROC 모멘텀
n=190, threshold=-0.11
5.1%-39.4%0.380.132.5x5384%
Keltner 채널 돌파
emaPeriod=9, atrPeriod=26, mult=3.6
0.5%-3.3%0.330.141.1x102%
EMA 크로스오버
fast=68, slow=241
3.1%-36.1%0.280.091.8x1573%
SMA 크로스오버
fast=17, slow=163
2.6%-33.8%0.250.081.6x4567%
Donchian 채널 돌파
entryN=26, exitN=76
2.6%-39.0%0.240.071.6x4979%
볼린저 밴드 돌파
n=38, k=3.4
0.2%-3.5%0.150.051.0x21%
ADX / DI 방향성
period=51, threshold=18
-0.1%-5.0%-0.06-0.021.0x41%
MACD
fast=19, slow=57, signal=16
-2.9%-57.2%-0.16-0.050.6x20852%
Supertrend
period=15, mult=4.9
-3.1%-51.6%-0.17-0.060.6x14361%
Parabolic SAR
step=0.01, maxStep=0.32
-4.5%-59.8%-0.27-0.070.4x25659%
Buy and hold5.5%-54.5%0.350.102.7x1100%
1x 2009 2012 2015 2018 2021 2024 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -14% -27% -41% -54% 2009 2012 2015 2018 2021 2024 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -39.4% (2011-02-18 → 2012-06-01), recovered after 1,203 days.

Rules of the top strategy

Rides the trend when recent return (momentum) over a window is above a threshold.

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.
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