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Trend-Following Backtester · Guide · backtest 한국어

equity · FR

Exail Technologies SA backtest

10 trend-following strategies were compared on the full daily history of Exail Technologies SA. 4 beat buy-and-hold CAGR; EMA 크로스오버 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is SMA 크로스오버 (CAGR 17.9%, MDD -55.0%).

Data 2000-01-03 ~ 2026-07-31daily bars 6,829 (26.6 years)Costs 0.5%Venue EURONEXTMonthly snapshot 2026-07-31

Results by strategy

4 of 10 beat buy and hold (CAGR 12.9%, drawdown -86.0%).

Sharpe leader (same as main): EMA 크로스오버 — CAGR 17.9%, MDD -60.4%, Sharpe 0.64, 51% exposure.

CAGR reference leader: SMA 크로스오버 — CAGR 17.9%, MDD -55.0%, exposure 50%.

Return/drawdown alternative: SMA 크로스오버 — CAGR is 4.9%p higher than buy and hold, while drawdown improves by 25.6%p (CAGR 17.9%, MDD -55.0%, exposure 50%).

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=35, slow=158
17.9%-60.4%0.640.3078.7x4151%
SMA 크로스오버
fast=51, slow=147
17.9%-55.0%0.640.3279.0x4150%
볼린저 밴드 돌파
n=75, k=3.5
9.9%-36.3%0.600.2712.3x1812%
ROC 모멘텀
n=144, threshold=0
15.0%-62.4%0.570.2440.8x16751%
Donchian 채널 돌파
entryN=89, exitN=52
13.7%-61.0%0.560.2230.2x4438%
ADX / DI 방향성
period=47, threshold=13
10.4%-39.5%0.540.2614.0x11224%
Supertrend
period=6, mult=4.8
12.1%-73.0%0.480.1720.7x12355%
Keltner 채널 돌파
emaPeriod=38, atrPeriod=26, mult=3.6
10.5%-61.6%0.480.1714.2x9025%
Parabolic SAR
step=0.015, maxStep=0.18
11.2%-78.5%0.460.1416.7x40952%
MACD
fast=17, slow=42, signal=10
7.6%-83.7%0.370.097.1x37550%
Buy and hold12.9%-86.0%0.480.1525.2x1100%
1x 10x 100x 2001 2005 2009 2013 2017 2021 2025 SMA 크로스오버EMA 크로스오버Buy and hold
EMA 크로스오버 (Sharpe leader), SMA 크로스오버 (CAGR reference), Buy and hold.
0% -22% -43% -65% -86% 2001 2005 2009 2013 2017 2021 2025 Buy and holdSMA 크로스오버EMA 크로스오버
EMA 크로스오버 maximum drawdown -60.4% (2014-01-17 → 2021-11-26), recovered after 4,086 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 setupMore FR assetsAll asset reports

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