Trend-Following Backtester · Guide · backtest 한국어

equity · CA

Enerflex Ltd. backtest

10 trend-following strategies were compared on the full daily history of Enerflex Ltd.. 9 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 9.2%, MDD -31.7%).

Data 2011-06-03 ~ 2026-07-31daily bars 3,805 (15.2 years)Costs 0.5%Venue TSXMonthly snapshot 2026-07-31

Results by strategy

9 of 10 beat buy and hold (CAGR 6.1%, drawdown -78.5%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 9.2%, MDD -31.7%, Sharpe 0.72, 14% exposure.

CAGR reference leader: EMA 크로스오버 — CAGR 10.3%, MDD -48.9%, exposure 52%.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 3.1%p higher than buy and hold, while drawdown improves by 46.8%p (CAGR 9.2%, MDD -31.7%, exposure 14%).

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=46, k=3.4
9.2%-31.7%0.720.293.8x1614%
EMA 크로스오버
fast=23, slow=86
10.3%-48.9%0.510.214.4x3752%
SMA 크로스오버
fast=25, slow=46
10.1%-69.1%0.480.154.3x8255%
Donchian 채널 돌파
entryN=78, exitN=32
8.1%-49.3%0.480.163.3x3435%
ROC 모멘텀
n=72, threshold=0.14
8.0%-49.2%0.470.163.2x11630%
Keltner 채널 돌파
emaPeriod=49, atrPeriod=12, mult=2.6
7.7%-54.2%0.470.143.1x6033%
ADX / DI 방향성
period=25, threshold=36
3.8%-13.7%0.460.281.8x84%
MACD
fast=13, slow=53, signal=10
8.2%-51.2%0.420.163.3x20851%
Parabolic SAR
step=0.015, maxStep=0.12
8.2%-47.2%0.420.173.3x23851%
Supertrend
period=15, mult=4.3
7.4%-68.8%0.400.112.9x5856%
Buy and hold6.1%-78.5%0.350.082.5x1100%
1x 2012 2014 2016 2018 2020 2022 2024 2026 EMA 크로스오버볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파 (Sharpe leader), EMA 크로스오버 (CAGR reference), Buy and hold.
0% -20% -39% -59% -78% 2012 2014 2016 2018 2020 2022 2024 2026 Buy and holdEMA 크로스오버볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -31.7% (2017-01-25 → 2021-01-04), recovered after 2,854 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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