Trend-Following Backtester · Guide · backtest 한국어

equity · GR

Admie Holdings SA backtest

10 trend-following strategies were compared on the full daily history of Admie Holdings SA. 2 beat buy-and-hold CAGR; EMA 크로스오버 ranks first by Sharpe, matching the main backtester.

Data 2017-06-23 ~ 2026-07-31daily bars 2,260 (9.1 years)Costs 0.5%Venue ATHEXMonthly snapshot 2026-07-31

Results by strategy

2 of 10 beat buy and hold (CAGR 7.6%, drawdown -44.3%).

Sharpe leader (same as main): EMA 크로스오버 — CAGR 11.1%, MDD -39.9%, Sharpe 0.56, 64% exposure.

No strategy retained at least 75% of buy-and-hold CAGR while reducing drawdown by both 20% relatively and 5 percentage points absolutely.

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=48, slow=341
11.1%-39.9%0.560.282.6x364%
볼린저 밴드 돌파
n=25, k=3.1
4.3%-12.6%0.540.341.5x107%
SMA 크로스오버
fast=46, slow=177
8.0%-39.9%0.450.202.0x1354%
ADX / DI 방향성
period=8, threshold=50
3.4%-14.8%0.450.231.4x206%
ROC 모멘텀
n=148, threshold=0.12
5.7%-25.7%0.410.221.7x7531%
Keltner 채널 돌파
emaPeriod=12, atrPeriod=23, mult=4
1.7%-8.8%0.410.191.2x21%
Donchian 채널 돌파
entryN=73, exitN=39
5.7%-38.6%0.410.151.7x1738%
Supertrend
period=37, mult=3
4.2%-39.6%0.310.111.5x5050%
MACD
fast=9, slow=58, signal=14
0.5%-37.2%0.120.011.0x13249%
Parabolic SAR
step=0.02, maxStep=0.1
-0.8%-44.6%0.06-0.020.9x16252%
Buy and hold7.6%-44.3%0.400.171.9x1100%
1x 2018 2020 2022 2024 2026 EMA 크로스오버Buy and hold
EMA 크로스오버: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -11% -22% -33% -44% 2018 2020 2022 2024 2026 Buy and holdEMA 크로스오버
EMA 크로스오버 maximum drawdown -39.9% (2020-02-20 → 2020-03-16), recovered after 400 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 setupAll asset reports

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