Trend-Following Backtester · Guide · backtest 한국어

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Enea SA backtest

10 trend-following strategies were compared on the full daily history of Enea SA. 2 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 3.5%, MDD -24.1%).

Data 2009-01-30 ~ 2026-07-31daily bars 4,488 (17.5 years)Costs 0.5%Venue GPWMonthly snapshot 2026-07-31

Results by strategy

2 of 10 beat buy and hold (CAGR 3.2%, drawdown -84.7%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 3.5%, MDD -24.1%, Sharpe 0.38, 9% exposure.

CAGR reference leader: EMA 크로스오버 — CAGR 4.9%, MDD -46.2%, exposure 41%.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 0.3%p higher than buy and hold, while drawdown improves by 60.7%p (CAGR 3.5%, MDD -24.1%, exposure 9%).

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=26, k=3.4
3.5%-24.1%0.380.151.8x249%
EMA 크로스오버
fast=70, slow=353
4.9%-46.2%0.330.112.3x941%
Keltner 채널 돌파
emaPeriod=19, atrPeriod=21, mult=3.7
2.4%-15.8%0.320.151.5x207%
Donchian 채널 돌파
entryN=29, exitN=73
2.7%-78.8%0.230.031.6x4066%
Supertrend
period=9, mult=2.6
2.0%-76.3%0.200.031.4x14052%
ADX / DI 방향성
period=39, threshold=30
0.7%-12.8%0.180.061.1x42%
Parabolic SAR
step=0.005, maxStep=0.16
0.9%-70.8%0.160.011.2x13050%
SMA 크로스오버
fast=53, slow=108
0.4%-70.4%0.140.011.1x4051%
MACD
fast=14, slow=49, signal=14
-1.5%-81.7%0.06-0.020.8x22547%
ROC 모멘텀
n=62, threshold=0
-4.1%-80.4%-0.05-0.050.5x23050%
Buy and hold3.2%-84.7%0.260.041.7x1100%
1x 2010 2013 2016 2019 2022 2025 EMA 크로스오버볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파 (Sharpe leader), EMA 크로스오버 (CAGR reference), Buy and hold.
0% -21% -42% -64% -85% 2010 2013 2016 2019 2022 2025 Buy and holdEMA 크로스오버볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -24.1% (2021-06-08 → 2023-08-28), prior peak not yet recovered.

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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