Trend-Following Backtester · Guide · backtest 한국어

etf · BR

Maxi Renda Fundo de Investimento Imobiliario Cotas backtest

10 trend-following strategies were compared on the full daily history of Maxi Renda Fundo de Investimento Imobiliario Cotas. 1 beat buy-and-hold CAGR; Keltner 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is EMA 크로스오버 (CAGR 1.5%, MDD -31.1%).

Data 2014-08-06 ~ 2026-07-31daily bars 2,984 (12.0 years)Costs 0.5%Venue BMFBOVESPAMonthly snapshot 2026-07-31

Results by strategy

1 of 10 beat buy and hold (CAGR 1.4%, drawdown -41.3%).

Sharpe leader (same as main): Keltner 채널 돌파 — CAGR 0.8%, MDD -9.8%, Sharpe 0.24, 2% exposure.

CAGR reference leader: EMA 크로스오버 — CAGR 1.5%, MDD -31.1%, exposure 59%.

Return/drawdown alternative: EMA 크로스오버 — CAGR is 0.6%p lower than buy and hold, while drawdown improves by 31.4%p (CAGR 1.5%, MDD -31.1%, exposure 59%).

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=15, atrPeriod=14, mult=3.8
0.8%-9.8%0.240.081.1x62%
EMA 크로스오버
fast=55, slow=175
1.5%-31.1%0.200.051.2x959%
Donchian 채널 돌파
entryN=82, exitN=78
1.0%-30.9%0.150.031.1x1356%
Supertrend
period=31, mult=5
0.9%-21.9%0.150.041.1x3251%
볼린저 밴드 돌파
n=43, k=2.2
0.3%-19.9%0.070.011.0x4426%
ROC 모멘텀
n=13, threshold=0.09
0.2%-12.8%0.070.011.0x121%
SMA 크로스오버
fast=15, slow=120
-0.3%-36.4%0.01-0.011.0x4051%
ADX / DI 방향성
period=26, threshold=37
-0.1%-4.8%-0.10-0.031.0x21%
Parabolic SAR
step=0.005, maxStep=0.22
-1.5%-38.9%-0.12-0.040.8x8250%
MACD
fast=24, slow=31, signal=21
-2.4%-48.8%-0.22-0.050.8x12248%
Buy and hold1.4%-41.3%0.170.031.2x1100%
1x 2015 2017 2019 2021 2023 2025 EMA 크로스오버Keltner 채널 돌파Buy and hold
Keltner 채널 돌파 (Sharpe leader), EMA 크로스오버 (CAGR reference), Buy and hold.
0% -10% -21% -31% -41% 2015 2017 2019 2021 2023 2025 Buy and holdEMA 크로스오버Keltner 채널 돌파
Keltner 채널 돌파 maximum drawdown -9.8% (2019-12-26 → 2020-01-07), prior peak not yet recovered.

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

Read next