Trend-Following Backtester · Guide · backtest 한국어

equity · IN

Finolex Cables Limited backtest

10 trend-following strategies were compared on the full daily history of Finolex Cables Limited. 9 beat buy-and-hold CAGR; 볼린저 밴드 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is 볼린저 밴드 돌파 (CAGR 23.9%, MDD -38.4%).

Data 2002-07-01 ~ 2026-07-31daily bars 5,984 (24.1 years)Costs 0.5%Venue NSEMonthly snapshot 2026-07-31

Results by strategy

9 of 10 beat buy and hold (CAGR 15.4%, drawdown -86.3%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 23.9%, MDD -38.4%, Sharpe 0.95, 44% exposure.

CAGR reference leader: Donchian 채널 돌파 — CAGR 25.1%, MDD -63.3%, exposure 80%.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 8.5%p higher than buy and hold, while drawdown improves by 48.0%p (CAGR 23.9%, MDD -38.4%, exposure 44%).

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
볼린저 밴드 돌파
n=35, k=1.2
23.9%-38.4%0.950.62173.8x16044%
EMA 크로스오버
fast=8, slow=38
22.8%-43.8%0.850.52141.3x15854%
Donchian 채널 돌파
entryN=6, exitN=45
25.1%-63.3%0.830.40218.2x8380%
ROC 모멘텀
n=116, threshold=-0.04
22.3%-52.0%0.800.43128.1x11963%
Keltner 채널 돌파
emaPeriod=47, atrPeriod=21, mult=1.8
19.0%-52.4%0.800.3665.9x10440%
SMA 크로스오버
fast=18, slow=200
20.0%-54.9%0.760.3680.6x3957%
Supertrend
period=28, mult=4.4
19.1%-52.5%0.750.3668.0x6654%
ADX / DI 방향성
period=39, threshold=7
19.1%-60.7%0.730.3167.6x22861%
Parabolic SAR
step=0.005, maxStep=0.2
17.0%-52.3%0.700.3243.7x19054%
MACD
fast=17, slow=52, signal=14
14.1%-47.0%0.610.3024.1x27051%
Buy and hold15.4%-86.3%0.560.1831.4x1100%
1x 10x 100x 2003 2006 2009 2012 2015 2018 2021 2024 Donchian 채널 돌파볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파 (Sharpe leader), Donchian 채널 돌파 (CAGR reference), Buy and hold.
0% -22% -43% -65% -86% 2003 2006 2009 2012 2015 2018 2021 2024 Buy and holdDonchian 채널 돌파볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -38.4% (2014-11-19 → 2015-12-23), recovered after 611 days.

Rules of the top strategy

Breaking above the upper band (average plus a multiple of volatility) signals a strong move up.

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