Trend-Following Backtester · Guide · backtest 한국어

equity · FR

Emeis backtest

10 trend-following strategies were compared on the full daily history of Emeis. 10 beat buy-and-hold CAGR; SMA 크로스오버 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is EMA 크로스오버 (CAGR 12.3%, MDD -43.4%).

Data 2002-04-17 ~ 2026-07-31daily bars 6,232 (24.3 years)Costs 0.5%Venue EURONEXTMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR -13.0%, drawdown -99.9%).

Sharpe leader (same as main): SMA 크로스오버 — CAGR 12.7%, MDD -49.1%, Sharpe 0.65, 62% exposure.

Return/drawdown alternative: EMA 크로스오버 — CAGR is 25.7%p higher than buy and hold, while drawdown improves by 50.8%p (CAGR 12.3%, MDD -43.4%, exposure 63%).

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
SMA 크로스오버
fast=44, slow=258
12.7%-49.1%0.650.2618.1x1762%
EMA 크로스오버
fast=95, slow=111
12.3%-43.4%0.650.2816.6x2163%
ROC 모멘텀
n=166, threshold=-0.04
-3.3%-98.0%0.20-0.030.4x10965%
Donchian 채널 돌파
entryN=86, exitN=67
-3.4%-97.6%0.19-0.040.4x3157%
Supertrend
period=25, mult=4
2.5%-93.3%0.180.031.8x10960%
Parabolic SAR
step=0.02, maxStep=0.12
-2.9%-87.9%0.15-0.030.5x47552%
ADX / DI 방향성
period=22, threshold=15
-12.1%-98.5%0.11-0.120.0x26234%
MACD
fast=19, slow=22, signal=14
-11.0%-96.9%0.09-0.110.1x37751%
볼린저 밴드 돌파
n=59, k=2.6
-9.2%-97.3%-0.06-0.090.1x6227%
Keltner 채널 돌파
emaPeriod=56, atrPeriod=28, mult=2.6
-9.7%-97.3%-0.07-0.100.1x9236%
Buy and hold-13.0%-99.9%0.15-0.130.0x1100%
0.1 1x 10x 2003 2006 2009 2012 2015 2018 2021 2024 SMA 크로스오버Buy and hold
SMA 크로스오버: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -25% -50% -75% -100% 2003 2006 2009 2012 2015 2018 2021 2024 Buy and holdSMA 크로스오버
SMA 크로스오버 maximum drawdown -49.1% (2018-07-17 → 2020-03-17), prior peak not yet recovered.

Rules of the top strategy

When the short average rises above the long average, it reads that as an uptrend starting.

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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