Trend-Following Backtester · Guide · backtest 한국어

equity · IN

Central Bank of India backtest

10 trend-following strategies were compared on the full daily history of Central Bank of India. 10 beat buy-and-hold CAGR; ADX / DI 방향성 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ROC 모멘텀 (CAGR 9.9%, MDD -46.4%).

Data 2007-08-21 ~ 2026-07-31daily bars 4,675 (18.9 years)Costs 0.5%Venue NSEMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR -5.9%, drawdown -95.1%).

Sharpe leader (same as main): ADX / DI 방향성 — CAGR 14.1%, MDD -54.7%, Sharpe 0.71, 20% exposure.

Return/drawdown alternative: ROC 모멘텀 — CAGR is 20.0%p higher than buy and hold, while drawdown improves by 40.4%p (CAGR 9.9%, MDD -46.4%, exposure 29%).

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
ADX / DI 방향성
period=20, threshold=26
14.1%-54.7%0.710.2612.1x6020%
Donchian 채널 돌파
entryN=94, exitN=29
11.9%-49.0%0.590.248.4x2223%
EMA 크로스오버
fast=20, slow=125
11.3%-48.3%0.520.237.6x3238%
Keltner 채널 돌파
emaPeriod=41, atrPeriod=16, mult=2.5
9.7%-54.5%0.500.185.8x5822%
ROC 모멘텀
n=57, threshold=0.08
9.9%-46.4%0.480.215.9x15029%
볼린저 밴드 돌파
n=20, k=2.5
8.4%-62.0%0.460.144.6x9819%
SMA 크로스오버
fast=24, slow=88
9.4%-58.6%0.450.165.5x6040%
Parabolic SAR
step=0.01, maxStep=0.18
7.9%-68.1%0.400.124.2x23045%
Supertrend
period=18, mult=4.8
7.7%-75.7%0.400.104.1x4842%
MACD
fast=12, slow=48, signal=15
7.1%-75.4%0.370.093.6x24249%
Buy and hold-5.9%-95.1%0.08-0.060.3x1100%
1x 10x 2008 2011 2014 2017 2020 2023 2026 ADX / DI 방향성Buy and hold
ADX / DI 방향성: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -24% -48% -71% -95% 2008 2011 2014 2017 2020 2023 2026 Buy and holdADX / DI 방향성
ADX / DI 방향성 maximum drawdown -54.7% (2017-09-11 → 2021-06-01), recovered after 2,198 days.

Rules of the top strategy

Looks at both the direction and the strength of the trend; holds only in a strong uptrend.

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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