Trend-Following Backtester · Guide · backtest 한국어

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MODIVO SA backtest

10 trend-following strategies were compared on the full daily history of MODIVO SA. 10 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Keltner 채널 돌파 (CAGR 17.5%, MDD -35.1%).

Data 2004-12-02 ~ 2026-07-31daily bars 5,551 (21.7 years)Costs 0.5%Venue GPWMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR 10.8%, drawdown -91.9%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 24.6%, MDD -53.9%, Sharpe 0.88, 62% exposure.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 13.8%p higher than buy and hold, while drawdown improves by 38.0%p (CAGR 17.5%, MDD -35.1%, exposure 43%).

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
ROC 모멘텀
n=165, threshold=-0.04
24.6%-53.9%0.880.46118.0x8262%
EMA 크로스오버
fast=50, slow=91
22.9%-46.6%0.860.4986.3x2458%
SMA 크로스오버
fast=17, slow=180
21.2%-45.9%0.820.4664.5x3257%
Donchian 채널 돌파
entryN=77, exitN=40
17.4%-43.5%0.760.4032.5x3943%
Keltner 채널 돌파
emaPeriod=58, atrPeriod=10, mult=1.9
17.5%-35.1%0.760.5032.9x9243%
볼린저 밴드 돌파
n=50, k=1.1
15.8%-45.6%0.690.3523.9x12646%
Supertrend
period=11, mult=4.1
16.1%-67.8%0.640.2425.4x8557%
ADX / DI 방향성
period=39, threshold=13
11.6%-49.0%0.570.2410.7x11934%
Parabolic SAR
step=0.01, maxStep=0.28
13.1%-62.4%0.550.2114.4x25652%
MACD
fast=16, slow=22, signal=18
11.2%-67.1%0.490.179.9x29649%
Buy and hold10.8%-91.9%0.450.129.3x1100%
1x 10x 100x 2005 2008 2011 2014 2017 2020 2023 2026 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -23% -46% -69% -92% 2005 2008 2011 2014 2017 2020 2023 2026 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -53.9% (2007-06-25 → 2009-11-12), recovered after 2,185 days.

Rules of the top strategy

Rides the trend when recent return (momentum) over a window is above a threshold.

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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