Trend-Following Backtester · Guide · backtest 한국어

equity · FR

Orange SA backtest

10 trend-following strategies were compared on the full daily history of Orange SA. 8 beat buy-and-hold CAGR; 볼린저 밴드 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ADX / DI 방향성 (CAGR 0.2%, MDD -16.4%).

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

8 of 10 beat buy and hold (CAGR -7.5%, drawdown -96.8%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 2.5%, MDD -31.3%, Sharpe 0.30, 15% exposure.

Return/drawdown alternative: ADX / DI 방향성 — CAGR is 10.0%p higher than buy and hold, while drawdown improves by 65.5%p (CAGR 0.2%, MDD -16.4%, exposure 2%).

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
볼린저 밴드 돌파
n=76, k=2.9
2.5%-31.3%0.300.081.9x2615%
Keltner 채널 돌파
emaPeriod=18, atrPeriod=14, mult=2.9
1.7%-34.0%0.210.051.6x447%
ROC 모멘텀
n=18, threshold=0.12
1.3%-41.1%0.160.031.4x1205%
Donchian 채널 돌파
entryN=62, exitN=21
0.5%-54.6%0.110.011.2x7626%
ADX / DI 방향성
period=21, threshold=34
0.2%-16.4%0.070.011.1x162%
EMA 크로스오버
fast=51, slow=129
-0.6%-70.9%0.04-0.010.8x5142%
SMA 크로스오버
fast=52, slow=264
-1.4%-61.0%-0.01-0.020.7x3741%
Supertrend
period=10, mult=3
-3.4%-86.3%-0.05-0.040.4x17945%
Parabolic SAR
step=0.02, maxStep=0.06
-8.6%-95.8%-0.29-0.090.1x42949%
MACD
fast=14, slow=27, signal=7
-12.1%-98.0%-0.44-0.120.0x56752%
Buy and hold-7.5%-96.8%-0.07-0.080.1x1100%
0.1 1x 2001 2005 2009 2013 2017 2021 2025 볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -24% -48% -73% -97% 2001 2005 2009 2013 2017 2021 2025 Buy and hold볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -31.3% (2003-01-29 → 2004-11-10), recovered after 3,913 days.

Rules of the top strategy

Breaking above the upper band (average plus a multiple of volatility) signals a strong move up.

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