Trend-Following Backtester · Guide · backtest 한국어

equity · FR

Edenred SA backtest

10 trend-following strategies were compared on the full daily history of Edenred SA. 2 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is SMA 크로스오버 (CAGR 6.2%, MDD -37.6%).

Data 2010-07-01 ~ 2026-07-31daily bars 4,116 (16.1 years)Costs 0.5%Venue EURONEXTMonthly snapshot 2026-07-31

Results by strategy

2 of 10 beat buy and hold (CAGR 4.1%, drawdown -75.2%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 8.2%, MDD -40.9%, Sharpe 0.50, 61% exposure.

Return/drawdown alternative: SMA 크로스오버 — CAGR is 4.0%p higher than buy and hold, while drawdown improves by 34.3%p (CAGR 6.2%, MDD -37.6%, 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
Donchian 채널 돌파
entryN=85, exitN=95
8.2%-40.9%0.500.203.5x1561%
SMA 크로스오버
fast=57, slow=203
6.2%-37.6%0.390.162.6x1557%
ROC 모멘텀
n=144, threshold=-0.05
3.6%-54.7%0.270.071.8x7365%
EMA 크로스오버
fast=59, slow=120
3.3%-51.6%0.260.061.7x2158%
ADX / DI 방향성
period=47, threshold=18
1.3%-15.1%0.220.081.2x96%
Supertrend
period=33, mult=5
2.4%-48.0%0.220.051.5x5158%
볼린저 밴드 돌파
n=45, k=3.5
0.1%-18.5%0.050.011.0x104%
MACD
fast=13, slow=27, signal=18
-3.0%-74.6%-0.03-0.040.6x23549%
Keltner 채널 돌파
emaPeriod=19, atrPeriod=26, mult=2.9
-0.6%-37.7%-0.03-0.020.9x379%
Parabolic SAR
step=0.005, maxStep=0.22
-6.6%-77.7%-0.23-0.080.3x13751%
Buy and hold4.1%-75.2%0.280.051.9x1100%
1x 2011 2013 2015 2017 2019 2021 2023 2025 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -19% -38% -56% -75% 2011 2013 2015 2017 2019 2021 2023 2025 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -40.9% (2013-03-05 → 2016-06-16), recovered after 1,813 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

Read next