Trend-Following Backtester · Guide · backtest 한국어

equity · IN

Bharat Forge Ltd backtest

10 trend-following strategies were compared on the full daily history of Bharat Forge Ltd. 5 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is 볼린저 밴드 돌파 (CAGR 19.4%, MDD -63.0%).

Data 1996-01-01 ~ 2026-07-31daily bars 7,675 (30.6 years)Costs 0.5%Venue NSEMonthly snapshot 2026-07-31

Results by strategy

5 of 10 beat buy and hold (CAGR 18.3%, drawdown -88.8%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 28.9%, MDD -65.8%, Sharpe 0.87, 52% exposure.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 10.6%p higher than buy and hold, while drawdown improves by 23.0%p (CAGR 19.4%, MDD -63.0%, exposure 47%).

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
Donchian 채널 돌파
entryN=84, exitN=57
28.9%-65.8%0.870.442362.4x3352%
EMA 크로스오버
fast=38, slow=111
26.8%-69.6%0.820.391435.1x3956%
SMA 크로스오버
fast=12, slow=152
26.6%-65.7%0.810.411358.8x5955%
ROC 모멘텀
n=92, threshold=0.04
24.9%-63.8%0.780.39899.7x21352%
볼린저 밴드 돌파
n=57, k=1.2
19.4%-63.0%0.670.31225.5x15747%
Supertrend
period=20, mult=3.7
17.8%-76.4%0.630.23149.0x12352%
ADX / DI 방향성
period=31, threshold=25
9.7%-55.2%0.610.1817.2x5616%
Keltner 채널 돌파
emaPeriod=54, atrPeriod=13, mult=2.8
15.4%-69.1%0.600.2280.0x9934%
Parabolic SAR
step=0.005, maxStep=0.36
12.7%-87.6%0.500.1539.0x26351%
MACD
fast=18, slow=53, signal=18
12.0%-69.6%0.480.1732.0x31053%
Buy and hold18.3%-88.8%0.590.21171.1x1100%
1x 10x 100x 1,000x 1997 2001 2005 2009 2013 2017 2021 2025 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -22% -44% -67% -89% 1997 2001 2005 2009 2013 2017 2021 2025 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -65.8% (2005-07-28 → 2009-03-31), recovered after 1,513 days.

Rules of the top strategy

A new high means a trend starting; a new low means it’s over (turtle-trading style).

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