Trend-Following Backtester · Guide · backtest 한국어

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EZ TEC Empreendimentos e Participacoes SA backtest

10 trend-following strategies were compared on the full daily history of EZ TEC Empreendimentos e Participacoes SA. 9 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Keltner 채널 돌파 (CAGR 13.6%, MDD -25.2%).

Data 2007-06-22 ~ 2026-07-31daily bars 4,744 (19.1 years)Costs 0.5%Venue BMFBOVESPAMonthly snapshot 2026-07-31

Results by strategy

9 of 10 beat buy and hold (CAGR 3.3%, drawdown -87.6%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 15.2%, MDD -31.9%, Sharpe 0.85, 27% exposure.

CAGR reference leader: 볼린저 밴드 돌파 — CAGR 15.4%, MDD -40.6%, exposure 32%.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 11.9%p higher than buy and hold, while drawdown improves by 55.7%p (CAGR 13.6%, MDD -25.2%, exposure 21%).

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
Donchian 채널 돌파
entryN=82, exitN=15
15.2%-31.9%0.850.4814.8x4827%
Keltner 채널 돌파
emaPeriod=40, atrPeriod=28, mult=3.4
13.6%-25.2%0.850.5411.4x3621%
볼린저 밴드 돌파
n=48, k=2
15.4%-40.6%0.790.3815.3x7032%
ADX / DI 방향성
period=17, threshold=32
9.5%-26.8%0.770.365.7x4411%
SMA 크로스오버
fast=33, slow=186
11.1%-74.9%0.530.157.5x2450%
EMA 크로스오버
fast=43, slow=48
10.6%-65.5%0.520.166.9x5649%
ROC 모멘텀
n=126, threshold=0.12
7.6%-63.3%0.450.124.0x12838%
Supertrend
period=11, mult=5
8.6%-69.8%0.440.124.8x5249%
Parabolic SAR
step=0.01, maxStep=0.2
3.9%-76.9%0.280.052.1x26451%
MACD
fast=15, slow=45, signal=9
1.0%-63.2%0.180.021.2x28451%
Buy and hold3.3%-87.6%0.290.041.8x1100%
1x 10x 2008 2011 2014 2017 2020 2023 2026 볼린저 밴드 돌파Donchian 채널 돌파Buy and hold
Donchian 채널 돌파 (Sharpe leader), 볼린저 밴드 돌파 (CAGR reference), Buy and hold.
0% -22% -44% -66% -88% 2008 2011 2014 2017 2020 2023 2026 Buy and hold볼린저 밴드 돌파Donchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -31.9% (2017-03-13 → 2018-10-15), recovered after 682 days.

Rules of the top strategy

A new high means a trend starting; a new low means it’s over (turtle-trading style).

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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