Trend-Following Backtester · Guide · backtest 한국어

equity · BR

Intelbras SA Industria de Telecomunicacao Eletronica Brasileir backtest

10 trend-following strategies were compared on the full daily history of Intelbras SA Industria de Telecomunicacao Eletronica Brasileir. 8 beat buy-and-hold CAGR; 볼린저 밴드 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ROC 모멘텀 (CAGR 1.2%, MDD -5.2%).

Data 2021-02-08 ~ 2026-07-31daily bars 1,367 (5.5 years)Costs 0.5%Venue BMFBOVESPAMonthly snapshot 2026-07-31

Results by strategy

8 of 10 beat buy and hold (CAGR -5.0%, drawdown -70.9%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 9.1%, MDD -19.6%, Sharpe 0.65, 18% exposure.

Return/drawdown alternative: ROC 모멘텀 — CAGR is 14.1%p higher than buy and hold, while drawdown improves by 51.3%p (CAGR 1.2%, MDD -5.2%, exposure 2%).

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=16, k=2.4
9.1%-19.6%0.650.461.6x2318%
Keltner 채널 돌파
emaPeriod=15, atrPeriod=16, mult=2
5.6%-22.6%0.530.251.4x1411%
Supertrend
period=21, mult=2.3
7.5%-43.6%0.410.171.5x4350%
ROC 모멘텀
n=14, threshold=0.21
1.2%-5.2%0.340.241.1x82%
ADX / DI 방향성
period=9, threshold=37
2.5%-23.0%0.260.111.1x3413%
Parabolic SAR
step=0.01, maxStep=0.08
3.3%-34.9%0.260.101.2x7145%
SMA 크로스오버
fast=16, slow=26
0.9%-43.1%0.160.021.1x5746%
Donchian 채널 돌파
entryN=14, exitN=39
-4.5%-65.1%-0.01-0.070.8x2564%
MACD
fast=18, slow=49, signal=8
-5.3%-51.1%-0.08-0.100.7x8946%
EMA 크로스오버
fast=10, slow=38
-6.1%-61.4%-0.14-0.100.7x4546%
Buy and hold-5.0%-70.9%0.05-0.070.8x1100%
1x 2022 2023 2024 2025 2026 볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -18% -35% -53% -71% 2022 2023 2024 2025 2026 Buy and hold볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -19.6% (2025-02-17 → 2025-10-29), prior peak not yet recovered.

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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