Trend-Following Backtester · Guide · backtest 한국어

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Azimut Holding Spa backtest

10 trend-following strategies were compared on the full daily history of Azimut Holding Spa. 6 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Donchian 채널 돌파 (CAGR 14.6%, MDD -38.0%).

Data 2004-07-07 ~ 2026-07-31daily bars 5,613 (22.1 years)Costs 0.5%Venue MILMonthly snapshot 2026-07-31

Results by strategy

6 of 10 beat buy and hold (CAGR 11.4%, drawdown -78.3%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 14.6%, MDD -38.0%, Sharpe 0.74, 54% exposure.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 3.2%p higher than buy and hold, while drawdown improves by 40.3%p (CAGR 14.6%, MDD -38.0%, exposure 54%).

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=95, exitN=59
14.6%-38.0%0.740.3820.2x3354%
EMA 크로스오버
fast=22, slow=74
14.5%-51.4%0.690.2820.0x5361%
Keltner 채널 돌파
emaPeriod=77, atrPeriod=14, mult=3.6
10.9%-41.7%0.670.269.8x5439%
볼린저 밴드 돌파
n=80, k=1.1
12.1%-48.3%0.650.2512.5x8851%
ROC 모멘텀
n=77, threshold=-0.03
14.0%-64.7%0.650.2218.0x15765%
Supertrend
period=25, mult=4
12.1%-55.9%0.610.2212.4x8856%
SMA 크로스오버
fast=7, slow=94
12.0%-54.3%0.590.2212.3x10060%
Parabolic SAR
step=0.005, maxStep=0.18
6.6%-46.7%0.390.144.1x19055%
MACD
fast=23, slow=51, signal=14
6.0%-52.2%0.360.123.6x23654%
ADX / DI 방향성
period=31, threshold=15
4.4%-46.6%0.340.092.6x16632%
Buy and hold11.4%-78.3%0.480.1510.8x1100%
1x 10x 2005 2008 2011 2014 2017 2020 2023 2026 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -20% -39% -59% -78% 2005 2008 2011 2014 2017 2020 2023 2026 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -38.0% (2015-05-15 → 2019-03-01), recovered after 1,637 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

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