Trend-Following Backtester · Guide · backtest 한국어

equity · CL

Banco de Credito e Inversiones backtest

10 trend-following strategies were compared on the full daily history of Banco de Credito e Inversiones. 0 beat buy-and-hold CAGR; 볼린저 밴드 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is SMA 크로스오버 (CAGR 11.5%, MDD -37.4%).

Data 2008-01-02 ~ 2026-07-31daily bars 4,640 (18.6 years)Costs 0.5%Venue BCSMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 11.5%, drawdown -50.1%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 5.7%, MDD -10.6%, Sharpe 0.68, 14% exposure.

CAGR reference leader: SMA 크로스오버 — CAGR 11.5%, MDD -37.4%, exposure 61%.

Return/drawdown alternative: SMA 크로스오버 — CAGR is 5.8%p lower than buy and hold, while drawdown improves by 39.5%p (CAGR 11.5%, MDD -37.4%, exposure 61%).

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=59, k=3.5
5.7%-10.6%0.680.542.8x1414%
Donchian 채널 돌파
entryN=109, exitN=36
9.7%-30.6%0.660.325.6x2643%
SMA 크로스오버
fast=42, slow=214
11.5%-37.4%0.650.317.5x2161%
Supertrend
period=14, mult=4.9
11.0%-44.5%0.610.256.9x3864%
EMA 크로스오버
fast=67, slow=124
9.6%-43.2%0.560.225.5x2562%
Keltner 채널 돌파
emaPeriod=51, atrPeriod=14, mult=3.5
5.4%-22.1%0.510.242.6x3823%
ROC 모멘텀
n=129, threshold=-0.06
6.5%-67.2%0.400.103.2x12675%
MACD
fast=16, slow=90, signal=54
2.5%-63.5%0.220.041.6x11952%
ADX / DI 방향성
period=29, threshold=29
0.5%-23.0%0.120.021.1x126%
Parabolic SAR
step=0.01, maxStep=0.16
-1.8%-80.5%0.01-0.020.7x23356%
Buy and hold11.5%-50.1%0.530.237.6x1100%
1x 2009 2012 2015 2018 2021 2024 SMA 크로스오버볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파 (Sharpe leader), SMA 크로스오버 (CAGR reference), Buy and hold.
0% -13% -25% -38% -50% 2009 2012 2015 2018 2021 2024 Buy and holdSMA 크로스오버볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -10.6% (2011-01-17 → 2016-07-29), recovered after 2,095 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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