Trend-Following Backtester · Guide · backtest 한국어

equity · BR

Fras-Le S.A. backtest

10 trend-following strategies were compared on the full daily history of Fras-Le S.A.. 1 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 8.1%, MDD -51.2%).

Data 2007-06-05 ~ 2026-07-31daily bars 4,756 (19.2 years)Costs 0.5%Venue BMFBOVESPAMonthly snapshot 2026-07-31

Results by strategy

1 of 10 beat buy and hold (CAGR 9.8%, drawdown -81.9%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 8.1%, MDD -51.2%, Sharpe 0.41, 27% exposure.

CAGR reference leader: MACD — CAGR 10.5%, MDD -85.8%, exposure 51%.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 1.6%p lower than buy and hold, while drawdown improves by 30.7%p (CAGR 8.1%, MDD -51.2%, exposure 27%).

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=31, k=2.7
8.1%-51.2%0.410.164.5x5227%
SMA 크로스오버
fast=17, slow=37
8.9%-66.2%0.370.135.1x10837%
ROC 모멘텀
n=30, threshold=0.18
7.5%-56.4%0.370.134.0x788%
MACD
fast=18, slow=42, signal=24
10.5%-85.8%0.370.126.8x13151%
ADX / DI 방향성
period=18, threshold=30
5.6%-32.7%0.330.172.8x5419%
Keltner 채널 돌파
emaPeriod=24, atrPeriod=8, mult=3.5
5.1%-51.1%0.310.102.6x3018%
Supertrend
period=5, mult=4.2
3.9%-73.3%0.280.052.1x6049%
Donchian 채널 돌파
entryN=53, exitN=65
3.0%-86.4%0.270.031.8x3669%
Parabolic SAR
step=0.005, maxStep=0.16
2.1%-84.3%0.220.031.5x9853%
EMA 크로스오버
fast=15, slow=217
-1.2%-76.1%0.18-0.020.8x2853%
Buy and hold9.8%-81.9%0.390.125.9x1100%
1x 2008 2011 2014 2017 2020 2023 2026 MACD볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파 (Sharpe leader), MACD (CAGR reference), Buy and hold.
0% -21% -43% -64% -86% 2008 2011 2014 2017 2020 2023 2026 Buy and holdMACD볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -51.2% (2012-05-04 → 2016-08-08), recovered after 3,105 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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