Trend-Following Backtester · Guide · backtest 한국어

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SOL S.p.A. backtest

10 trend-following strategies were compared on the full daily history of SOL S.p.A.. 2 beat buy-and-hold CAGR; SMA 크로스오버 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is EMA 크로스오버 (CAGR 10.8%, MDD -28.8%).

Data 1998-07-17 ~ 2026-07-31daily bars 7,170 (28.0 years)Costs 0.5%Venue MILMonthly snapshot 2026-07-31

Results by strategy

2 of 10 beat buy and hold (CAGR 10.6%, drawdown -58.4%).

Sharpe leader (same as main): SMA 크로스오버 — CAGR 10.8%, MDD -37.0%, Sharpe 0.56, 70% exposure.

CAGR reference leader: EMA 크로스오버 — CAGR 10.8%, MDD -28.8%, exposure 70%.

Return/drawdown alternative: EMA 크로스오버 — CAGR is 0.2%p higher than buy and hold, while drawdown improves by 21.5%p (CAGR 10.8%, MDD -28.8%, exposure 70%).

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
SMA 크로스오버
fast=30, slow=280
10.8%-37.0%0.560.2917.8x2970%
EMA 크로스오버
fast=57, slow=158
10.8%-28.8%0.560.3817.9x2970%
Donchian 채널 돌파
entryN=79, exitN=113
8.6%-43.2%0.460.2010.1x2976%
ROC 모멘텀
n=59, threshold=-0.09
6.5%-62.2%0.370.115.9x17588%
볼린저 밴드 돌파
n=25, k=3.4
1.6%-29.2%0.260.051.5x307%
Supertrend
period=14, mult=5
3.3%-62.5%0.250.052.5x5768%
Keltner 채널 돌파
emaPeriod=48, atrPeriod=18, mult=4
0.7%-35.6%0.120.021.2x3211%
ADX / DI 방향성
period=34, threshold=35
0.2%-7.6%0.100.031.1x82%
Parabolic SAR
step=0.005, maxStep=0.24
-0.5%-68.4%0.07-0.010.9x23453%
MACD
fast=20, slow=55, signal=23
-2.0%-76.6%0.00-0.030.6x26448%
Buy and hold10.6%-58.4%0.490.1817.0x1100%
1x 10x 1999 2003 2007 2011 2015 2019 2023 EMA 크로스오버SMA 크로스오버Buy and hold
SMA 크로스오버 (Sharpe leader), EMA 크로스오버 (CAGR reference), Buy and hold.
0% -15% -29% -44% -58% 1999 2003 2007 2011 2015 2019 2023 Buy and holdEMA 크로스오버SMA 크로스오버
SMA 크로스오버 maximum drawdown -37.0% (2005-02-15 → 2009-07-13), recovered after 2,163 days.

Rules of the top strategy

When the short average rises above the long average, it reads that as an uptrend starting.

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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