Trend-Following Backtester · Guide · backtest 한국어

equity · BR

Light S.A. backtest

10 trend-following strategies were compared on the full daily history of Light S.A.. 10 beat buy-and-hold CAGR; Keltner 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Keltner 채널 돌파 (CAGR 5.3%, MDD -51.8%).

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

10 of 10 beat buy and hold (CAGR -11.8%, drawdown -98.4%).

Sharpe leader (same as main): Keltner 채널 돌파 — CAGR 5.3%, MDD -51.8%, Sharpe 0.36, 12% exposure.

CAGR reference leader: 볼린저 밴드 돌파 — CAGR 5.6%, MDD -67.8%, exposure 18%.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 17.1%p higher than buy and hold, while drawdown improves by 46.6%p (CAGR 5.3%, MDD -51.8%, exposure 12%).

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
Keltner 채널 돌파
emaPeriod=35, atrPeriod=11, mult=4
5.3%-51.8%0.360.103.9x4812%
볼린저 밴드 돌파
n=21, k=2.4
5.6%-67.8%0.350.084.3x14018%
Donchian 채널 돌파
entryN=39, exitN=11
3.6%-80.5%0.270.042.6x13424%
ROC 모멘텀
n=34, threshold=0.12
3.2%-81.7%0.250.042.3x27919%
MACD
fast=23, slow=28, signal=15
1.1%-86.4%0.210.011.3x30950%
Supertrend
period=37, mult=5
1.2%-67.4%0.190.021.4x10439%
ADX / DI 방향성
period=18, threshold=21
0.7%-70.0%0.140.011.2x15419%
SMA 크로스오버
fast=18, slow=68
-0.7%-79.1%0.13-0.010.8x10241%
EMA 크로스오버
fast=38, slow=122
-4.1%-69.9%0.00-0.060.3x5839%
Parabolic SAR
step=0.005, maxStep=0.18
-6.9%-93.0%-0.04-0.070.2x22546%
Buy and hold-11.8%-98.4%0.02-0.120.0x1100%
0.1 1x 2001 2005 2009 2013 2017 2021 2025 볼린저 밴드 돌파Keltner 채널 돌파Buy and hold
Keltner 채널 돌파 (Sharpe leader), 볼린저 밴드 돌파 (CAGR reference), Buy and hold.
0% -25% -49% -74% -98% 2001 2005 2009 2013 2017 2021 2025 Buy and hold볼린저 밴드 돌파Keltner 채널 돌파
Keltner 채널 돌파 maximum drawdown -51.8% (2003-12-09 → 2006-10-18), recovered after 7,122 days.

Rules of the top strategy

Breaking above the channel top (average plus a multiple of volatility) signals an upside breakout.

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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