Trend-Following Backtester · Guide · backtest 한국어

equity · BR

Mahle-Metal Leve S.A. backtest

10 trend-following strategies were compared on the full daily history of Mahle-Metal Leve S.A.. 0 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 8.6%, MDD -25.5%).

Data 2000-01-03 ~ 2026-07-31daily bars 6,672 (26.6 years)Costs 0.5%Venue BMFBOVESPAMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 8.9%, drawdown -54.7%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 8.7%, MDD -44.1%, Sharpe 0.22, 67% exposure.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 0.2%p lower than buy and hold, while drawdown improves by 10.7%p (CAGR 8.6%, MDD -25.5%, exposure 29%).

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=74, exitN=67
8.7%-44.1%0.220.209.2x3267%
MACD
fast=17, slow=49, signal=15
7.5%-67.4%0.210.116.8x19053%
Keltner 채널 돌파
emaPeriod=35, atrPeriod=12, mult=4
8.6%-25.5%0.210.349.0x2229%
ROC 모멘텀
n=146, threshold=-0.02
4.3%-73.8%0.180.063.1x19667%
SMA 크로스오버
fast=54, slow=193
0.9%-66.3%0.150.011.3x2634%
ADX / DI 방향성
period=33, threshold=17
0.9%-39.0%0.140.021.3x5429%
EMA 크로스오버
fast=13, slow=143
0.5%-46.5%0.120.011.1x5445%
볼린저 밴드 돌파
n=55, k=1.8
-0.0%-58.6%0.08-0.001.0x7637%
Supertrend
period=16, mult=5
-0.8%-57.1%0.05-0.010.8x5647%
Parabolic SAR
step=0.02, maxStep=0.16
-8.0%-89.6%-0.36-0.090.1x34448%
Buy and hold8.9%-54.7%0.230.169.6x1100%
1x 10x 2001 2005 2009 2013 2017 2021 2025 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -14% -27% -41% -55% 2001 2005 2009 2013 2017 2021 2025 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -44.1% (2013-02-25 → 2021-02-23), recovered after 3,108 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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