Trend-Following Backtester · Guide · backtest 한국어

equity · DE

adidas AG backtest

10 trend-following strategies were compared on the full daily history of adidas AG. 4 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is EMA 크로스오버 (CAGR 6.0%, MDD -47.0%).

Data 1998-06-24 ~ 2026-07-31daily bars 7,190 (28.1 years)Costs 0.5%Venue XETRMonthly snapshot 2026-07-31

Results by strategy

4 of 10 beat buy and hold (CAGR 5.0%, drawdown -72.1%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 7.7%, MDD -48.2%, Sharpe 0.44, 69% exposure.

Return/drawdown alternative: EMA 크로스오버 — CAGR is 2.8%p higher than buy and hold, while drawdown improves by 23.9%p (CAGR 6.0%, MDD -47.0%, exposure 63%).

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=79, exitN=96
7.7%-48.2%0.440.168.1x2969%
SMA 크로스오버
fast=56, slow=205
7.2%-49.2%0.420.157.1x2965%
EMA 크로스오버
fast=12, slow=214
6.0%-47.0%0.380.135.2x5763%
ROC 모멘텀
n=125, threshold=-0.09
6.6%-62.6%0.380.116.0x14978%
Supertrend
period=7, mult=4.7
1.4%-50.8%0.170.031.5x10652%
볼린저 밴드 돌파
n=42, k=3.5
0.0%-16.9%0.030.001.0x123%
Keltner 채널 돌파
emaPeriod=33, atrPeriod=8, mult=2.7
-1.3%-50.7%-0.03-0.030.7x12625%
ADX / DI 방향성
period=23, threshold=31
-0.3%-21.3%-0.04-0.010.9x244%
Parabolic SAR
step=0.005, maxStep=0.38
-4.1%-82.7%-0.08-0.050.3x25455%
MACD
fast=14, slow=35, signal=24
-4.8%-82.4%-0.12-0.060.3x35452%
Buy and hold5.0%-72.1%0.310.073.9x1100%
1x 10x 1999 2003 2007 2011 2015 2019 2023 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -18% -36% -54% -72% 1999 2003 2007 2011 2015 2019 2023 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -48.2% (2007-12-28 → 2009-05-15), recovered after 1,004 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

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