Trend-Following Backtester · Guide · backtest 한국어

equity · CH

Georg Fischer AG backtest

10 trend-following strategies were compared on the full daily history of Georg Fischer AG. 7 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is 볼린저 밴드 돌파 (CAGR 5.4%, MDD -32.9%).

Data 1995-04-03 ~ 2026-07-31daily bars 7,985 (31.3 years)Costs 0.5%Venue SIXMonthly snapshot 2026-07-31

Results by strategy

7 of 10 beat buy and hold (CAGR 4.7%, drawdown -88.9%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 9.0%, MDD -48.8%, Sharpe 0.56, 46% exposure.

CAGR reference leader: SMA 크로스오버 — CAGR 9.9%, MDD -59.9%, exposure 57%.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 4.3%p higher than buy and hold, while drawdown improves by 40.1%p (CAGR 5.4%, MDD -32.9%, exposure 32%).

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=102, exitN=50
9.0%-48.8%0.560.1815.0x4846%
SMA 크로스오버
fast=69, slow=141
9.9%-59.9%0.540.1619.1x5257%
EMA 크로스오버
fast=49, slow=53
9.7%-55.9%0.540.1718.1x7958%
ROC 모멘텀
n=118, threshold=0.02
8.6%-53.2%0.500.1613.2x18855%
Supertrend
period=20, mult=4.9
7.8%-48.4%0.470.1610.5x10354%
볼린저 밴드 돌파
n=55, k=2.3
5.4%-32.9%0.410.165.1x9532%
Keltner 채널 돌파
emaPeriod=45, atrPeriod=13, mult=1.3
6.0%-46.5%0.400.136.2x24547%
Parabolic SAR
step=0.005, maxStep=0.26
4.3%-60.9%0.300.073.8x26555%
ADX / DI 방향성
period=26, threshold=13
3.5%-55.8%0.280.062.9x31340%
MACD
fast=13, slow=48, signal=30
3.8%-52.2%0.280.073.2x31951%
Buy and hold4.7%-88.9%0.300.054.2x1100%
1x 10x 1996 2000 2004 2008 2012 2016 2020 2024 SMA 크로스오버Donchian 채널 돌파Buy and hold
Donchian 채널 돌파 (Sharpe leader), SMA 크로스오버 (CAGR reference), Buy and hold.
0% -22% -44% -67% -89% 1996 2000 2004 2008 2012 2016 2020 2024 Buy and holdSMA 크로스오버Donchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -48.8% (1998-06-02 → 2003-05-27), recovered after 2,052 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

Read next