Trend-Following Backtester · Guide · backtest 한국어

equity · GR

Gek Terna S.A. backtest

10 trend-following strategies were compared on the full daily history of Gek Terna S.A.. 10 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ADX / DI 방향성 (CAGR 14.2%, MDD -42.1%).

Data 2000-01-03 ~ 2026-07-31daily bars 6,706 (26.6 years)Costs 0.5%Venue ATHEXMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR 2.2%, drawdown -98.1%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 17.8%, MDD -45.1%, Sharpe 0.76, 49% exposure.

CAGR reference leader: Supertrend — CAGR 19.6%, MDD -66.0%, exposure 57%.

Return/drawdown alternative: ADX / DI 방향성 — CAGR is 15.6%p higher than buy and hold, while drawdown improves by 53.0%p (CAGR 14.2%, MDD -42.1%, exposure 34%).

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
ROC 모멘텀
n=146, threshold=0.07
17.8%-45.1%0.760.3977.6x14149%
SMA 크로스오버
fast=24, slow=202
18.8%-56.7%0.760.3398.3x3356%
볼린저 밴드 돌파
n=30, k=1.1
18.1%-49.1%0.760.3783.1x24244%
Supertrend
period=12, mult=2.5
19.6%-66.0%0.740.30116.3x20257%
EMA 크로스오버
fast=31, slow=134
17.8%-55.2%0.740.3278.3x3557%
Donchian 채널 돌파
entryN=92, exitN=68
15.9%-48.4%0.730.3350.0x3349%
Keltner 채널 돌파
emaPeriod=48, atrPeriod=17, mult=1.5
15.5%-44.7%0.700.3545.7x15444%
ADX / DI 방향성
period=28, threshold=16
14.2%-42.1%0.680.3433.7x15434%
Parabolic SAR
step=0.005, maxStep=0.36
15.2%-71.1%0.620.2143.0x21052%
MACD
fast=10, slow=38, signal=12
14.9%-77.9%0.600.1940.2x39251%
Buy and hold2.2%-98.1%0.290.021.8x1100%
0.1 1x 10x 100x 2001 2005 2009 2013 2017 2021 2025 SupertrendROC 모멘텀Buy and hold
ROC 모멘텀 (Sharpe leader), Supertrend (CAGR reference), Buy and hold.
0% -25% -49% -74% -98% 2001 2005 2009 2013 2017 2021 2025 Buy and holdSupertrendROC 모멘텀
ROC 모멘텀 maximum drawdown -45.1% (2014-03-18 → 2016-09-15), recovered after 1,147 days.

Rules of the top strategy

Rides the trend when recent return (momentum) over a window is above a threshold.

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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