Trend-Following Backtester · Guide · backtest 한국어

equity · NL

Aalberts N.V. backtest

10 trend-following strategies were compared on the full daily history of Aalberts N.V.. 5 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 11.5%, MDD -36.6%).

Data 1998-07-20 ~ 2026-07-31daily bars 7,214 (28.0 years)Costs 0.5%Venue EURONEXTMonthly snapshot 2026-07-31

Results by strategy

5 of 10 beat buy and hold (CAGR 6.8%, drawdown -84.5%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 11.5%, MDD -36.6%, Sharpe 0.63, 54% exposure.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 4.8%p higher than buy and hold, while drawdown improves by 47.9%p (CAGR 11.5%, MDD -36.6%, 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=100, exitN=79
11.5%-36.6%0.630.3221.3x3154%
ROC 모멘텀
n=151, threshold=0.06
9.6%-45.8%0.560.2113.2x14352%
EMA 크로스오버
fast=9, slow=235
9.7%-44.6%0.540.2213.4x5360%
SMA 크로스오버
fast=9, slow=202
9.5%-48.8%0.530.2012.8x5760%
볼린저 밴드 돌파
n=57, k=1.2
6.9%-42.9%0.440.166.5x15347%
Supertrend
period=9, mult=4.7
6.5%-46.3%0.410.145.8x10954%
Keltner 채널 돌파
emaPeriod=45, atrPeriod=20, mult=2.4
5.4%-45.8%0.390.124.3x14340%
MACD
fast=12, slow=28, signal=15
3.3%-65.1%0.260.052.5x42350%
ADX / DI 방향성
period=22, threshold=15
2.3%-63.2%0.220.041.9x29936%
Parabolic SAR
step=0.01, maxStep=0.34
0.9%-74.7%0.150.011.3x39154%
Buy and hold6.8%-84.5%0.360.086.3x1100%
1x 10x 1999 2003 2007 2011 2015 2019 2023 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -21% -42% -63% -84% 1999 2003 2007 2011 2015 2019 2023 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -36.6% (2018-01-09 → 2020-10-30), recovered after 1,193 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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