Trend-Following Backtester · Guide · backtest 한국어

equity · NL

Adyen NV backtest

10 trend-following strategies were compared on the full daily history of Adyen NV. 5 beat buy-and-hold CAGR; Supertrend ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Donchian 채널 돌파 (CAGR 7.8%, MDD -22.1%).

Data 2018-06-13 ~ 2026-07-31daily bars 2,083 (8.1 years)Costs 0.5%Venue EURONEXTMonthly snapshot 2026-07-31

Results by strategy

5 of 10 beat buy and hold (CAGR 8.3%, drawdown -77.2%).

Sharpe leader (same as main): Supertrend — CAGR 14.7%, MDD -42.7%, Sharpe 0.66, 43% exposure.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 6.4%p higher than buy and hold, while drawdown improves by 34.5%p (CAGR 7.8%, MDD -22.1%, exposure 14%).

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
Supertrend
period=13, mult=4.4
14.7%-42.7%0.660.343.1x3043%
Donchian 채널 돌파
entryN=108, exitN=6
7.8%-22.1%0.640.351.8x2414%
Parabolic SAR
step=0.01, maxStep=0.18
13.5%-48.8%0.570.282.8x10552%
ADX / DI 방향성
period=23, threshold=30
5.9%-20.2%0.560.291.6x108%
볼린저 밴드 돌파
n=19, k=2.4
8.4%-42.0%0.540.201.9x4623%
MACD
fast=17, slow=55, signal=15
12.8%-58.4%0.540.222.7x8748%
Keltner 채널 돌파
emaPeriod=48, atrPeriod=23, mult=1.2
10.2%-46.2%0.510.222.2x5442%
EMA 크로스오버
fast=45, slow=128
7.9%-56.8%0.410.141.9x1054%
SMA 크로스오버
fast=19, slow=196
5.3%-62.1%0.330.081.5x1252%
ROC 모멘텀
n=184, threshold=0.07
4.9%-53.0%0.310.091.5x4846%
Buy and hold8.3%-77.2%0.410.111.9x1100%
1x 2019 2020 2021 2022 2023 2024 2025 2026 SupertrendBuy and hold
Supertrend: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -19% -39% -58% -77% 2019 2020 2021 2022 2023 2024 2025 2026 Buy and holdSupertrend
Supertrend maximum drawdown -42.7% (2022-08-15 → 2023-11-10), recovered after 913 days.

Rules of the top strategy

Trades the direction of a volatility-based trend line that trails below/above price.

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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