Trend-Following Backtester · Guide · backtest 한국어

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Brava Energia SA backtest

10 trend-following strategies were compared on the full daily history of Brava Energia SA. 7 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ADX / DI 방향성 (CAGR 1.6%, MDD -3.0%).

Data 2020-11-12 ~ 2026-07-31daily bars 1,423 (5.7 years)Costs 0.5%Venue BMFBOVESPAMonthly snapshot 2026-07-31

Results by strategy

7 of 10 beat buy and hold (CAGR -0.7%, drawdown -73.4%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 9.8%, MDD -26.2%, Sharpe 0.66, 11% exposure.

CAGR reference leader: Parabolic SAR — CAGR 16.7%, MDD -43.9%, exposure 49%.

Return/drawdown alternative: ADX / DI 방향성 — CAGR is 10.4%p higher than buy and hold, while drawdown improves by 47.2%p (CAGR 1.6%, MDD -3.0%, exposure 1%).

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=4, threshold=0.08
9.8%-26.2%0.660.371.7x12011%
Parabolic SAR
step=0.025, maxStep=0.1
16.7%-43.9%0.660.382.4x11149%
MACD
fast=10, slow=25, signal=17
14.5%-35.5%0.590.412.2x7151%
ADX / DI 방향성
period=24, threshold=37
1.6%-3.0%0.520.531.1x21%
볼린저 밴드 돌파
n=13, k=1.4
10.6%-38.5%0.510.271.8x9939%
Supertrend
period=23, mult=1.4
8.3%-38.5%0.420.221.6x9948%
Keltner 채널 돌파
emaPeriod=16, atrPeriod=9, mult=1.2
4.1%-38.1%0.290.111.3x6532%
SMA 크로스오버
fast=86, slow=93
-6.7%-65.7%-0.06-0.100.7x3348%
EMA 크로스오버
fast=49, slow=50
-17.5%-79.6%-0.53-0.220.3x2543%
Donchian 채널 돌파
entryN=90, exitN=42
-10.1%-60.7%-0.56-0.170.5x717%
Buy and hold-0.7%-73.4%0.22-0.011.0x1100%
1x 2021 2022 2023 2024 2025 2026 Parabolic SARROC 모멘텀Buy and hold
ROC 모멘텀 (Sharpe leader), Parabolic SAR (CAGR reference), Buy and hold.
0% -18% -37% -55% -73% 2021 2022 2023 2024 2025 2026 Buy and holdParabolic SARROC 모멘텀
ROC 모멘텀 maximum drawdown -26.2% (2023-01-12 → 2024-11-29), prior peak not yet recovered.

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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