Trend-Following Backtester · Guide · backtest 한국어

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Hexagon Composites ASA backtest

10 trend-following strategies were compared on the full daily history of Hexagon Composites ASA. 8 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 12.1%, MDD -34.0%).

Data 2000-01-03 ~ 2026-07-31daily bars 6,738 (26.6 years)Costs 0.5%Venue OSLMonthly snapshot 2026-07-31

Results by strategy

8 of 10 beat buy and hold (CAGR 7.1%, drawdown -88.6%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 12.1%, MDD -34.0%, Sharpe 0.63, 14% exposure.

CAGR reference leader: SMA 크로스오버 — CAGR 16.2%, MDD -56.5%, exposure 49%.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 5.1%p higher than buy and hold, while drawdown improves by 54.6%p (CAGR 12.1%, MDD -34.0%, 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
볼린저 밴드 돌파
n=36, k=3.3
12.1%-34.0%0.630.3620.9x4414%
SMA 크로스오버
fast=14, slow=107
16.2%-56.5%0.590.2954.4x8349%
EMA 크로스오버
fast=16, slow=54
15.2%-58.6%0.560.2642.6x11349%
Donchian 채널 돌파
entryN=72, exitN=26
13.7%-57.7%0.550.2430.3x6037%
Keltner 채널 돌파
emaPeriod=26, atrPeriod=26, mult=3.2
10.0%-46.6%0.520.2112.5x6715%
Supertrend
period=26, mult=5
13.2%-65.2%0.510.2026.8x7350%
ROC 모멘텀
n=187, threshold=0.14
11.8%-62.9%0.500.1919.3x15639%
ADX / DI 방향성
period=30, threshold=25
7.2%-38.4%0.450.196.3x4012%
MACD
fast=23, slow=55, signal=18
4.5%-86.0%0.300.053.2x25349%
Parabolic SAR
step=0.005, maxStep=0.26
2.8%-89.9%0.260.032.1x19546%
Buy and hold7.1%-88.6%0.400.086.1x1100%
1x 10x 2001 2005 2009 2013 2017 2021 2025 SMA 크로스오버볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파 (Sharpe leader), SMA 크로스오버 (CAGR reference), Buy and hold.
0% -22% -44% -66% -89% 2001 2005 2009 2013 2017 2021 2025 Buy and holdSMA 크로스오버볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -34.0% (2004-02-26 → 2004-11-17), recovered after 313 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

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