Trend-Following Backtester · Guide · backtest 한국어

equity · IN

AU Small Finance Bank Limited backtest

10 trend-following strategies were compared on the full daily history of AU Small Finance Bank Limited. 4 beat buy-and-hold CAGR; MACD ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is 볼린저 밴드 돌파 (CAGR 14.8%, MDD -22.8%).

Data 2017-07-11 ~ 2026-07-31daily bars 2,241 (9.1 years)Costs 0.5%Venue NSEMonthly snapshot 2026-07-31

Results by strategy

4 of 10 beat buy and hold (CAGR 15.5%, drawdown -67.8%).

Sharpe leader (same as main): MACD — CAGR 32.7%, MDD -30.2%, Sharpe 1.27, 51% exposure.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 17.3%p higher than buy and hold, while drawdown improves by 37.6%p (CAGR 14.8%, MDD -22.8%, 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
MACD
fast=20, slow=27, signal=20
32.7%-30.2%1.271.0813.0x7251%
Keltner 채널 돌파
emaPeriod=18, atrPeriod=13, mult=1.6
16.0%-34.3%0.890.473.8x6231%
볼린저 밴드 돌파
n=17, k=2.1
14.8%-22.8%0.820.653.5x8234%
EMA 크로스오버
fast=7, slow=22
17.3%-32.2%0.750.544.3x8158%
Supertrend
period=13, mult=2.9
17.0%-36.8%0.750.464.1x4958%
SMA 크로스오버
fast=9, slow=22
15.0%-32.2%0.670.473.5x10656%
Parabolic SAR
step=0.02, maxStep=0.08
13.4%-35.9%0.620.373.1x15555%
Donchian 채널 돌파
entryN=27, exitN=10
10.0%-40.3%0.530.252.4x5444%
ROC 모멘텀
n=15, threshold=-0.04
11.9%-53.1%0.530.222.8x19175%
ADX / DI 방향성
period=13, threshold=16
8.7%-41.2%0.480.212.1x14348%
Buy and hold15.5%-67.8%0.580.233.7x1100%
1x 10x 2018 2020 2022 2024 2026 MACDBuy and hold
MACD: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -17% -34% -51% -68% 2018 2020 2022 2024 2026 Buy and holdMACD
MACD maximum drawdown -30.2% (2020-04-30 → 2020-05-12), recovered after 55 days.

Rules of the top strategy

Looks at the gap (MACD) between a short and long average crossing its own signal line.

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