Trend-Following Backtester · Guide · backtest 한국어

equity · PT

Galp Energia, SGPS S.A. Class B backtest

10 trend-following strategies were compared on the full daily history of Galp Energia, SGPS S.A. Class B. 1 beat buy-and-hold CAGR; 볼린저 밴드 돌파 ranks first by Sharpe, matching the main backtester.

Data 2006-10-24 ~ 2026-07-31daily bars 5,060 (19.8 years)Costs 0.5%Venue EURONEXTMonthly snapshot 2026-07-31

Results by strategy

1 of 10 beat buy and hold (CAGR 6.0%, drawdown -68.2%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 4.2%, MDD -42.1%, Sharpe 0.39, 13% exposure.

CAGR reference leader: Donchian 채널 돌파 — CAGR 6.4%, MDD -56.8%, exposure 79%.

No strategy retained at least 75% of buy-and-hold CAGR while reducing drawdown by both 20% relatively and 5 percentage points absolutely.

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=22, k=2.8
4.2%-42.1%0.390.102.3x5213%
Donchian 채널 돌파
entryN=32, exitN=99
6.4%-56.8%0.360.113.4x3779%
Supertrend
period=20, mult=3.3
4.3%-51.6%0.290.082.3x12356%
Keltner 채널 돌파
emaPeriod=30, atrPeriod=28, mult=4
2.4%-37.5%0.270.061.6x2810%
ADX / DI 방향성
period=38, threshold=31
0.8%-15.8%0.230.051.2x41%
MACD
fast=7, slow=59, signal=33
2.6%-63.0%0.220.041.7x21552%
EMA 크로스오버
fast=69, slow=79
1.2%-72.1%0.170.021.3x4359%
SMA 크로스오버
fast=58, slow=153
-0.0%-72.2%0.12-0.001.0x3957%
ROC 모멘텀
n=80, threshold=-0.02
-0.5%-83.6%0.09-0.010.9x24262%
Parabolic SAR
step=0.015, maxStep=0.32
-0.3%-67.7%0.09-0.010.9x34953%
Buy and hold6.0%-68.2%0.340.093.2x1100%
1x 2007 2010 2013 2016 2019 2022 2025 Donchian 채널 돌파볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파 (Sharpe leader), Donchian 채널 돌파 (CAGR reference), Buy and hold.
0% -17% -34% -51% -68% 2007 2010 2013 2016 2019 2022 2025 Buy and holdDonchian 채널 돌파볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -42.1% (2009-10-19 → 2018-05-28), recovered after 5,995 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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