Trend-Following Backtester · Guide · backtest 한국어

equity · DE

DWS Group GmbH & Co. KGaA backtest

10 trend-following strategies were compared on the full daily history of DWS Group GmbH & Co. KGaA. 3 beat buy-and-hold CAGR; MACD ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is MACD (CAGR 13.5%, MDD -32.0%).

Data 2018-03-29 ~ 2026-07-31daily bars 2,117 (8.3 years)Costs 0.5%Venue XETRMonthly snapshot 2026-07-31

Results by strategy

3 of 10 beat buy and hold (CAGR 10.5%, drawdown -54.4%).

Sharpe leader (same as main): MACD — CAGR 13.5%, MDD -32.0%, Sharpe 0.71, 54% exposure.

CAGR reference leader: ROC 모멘텀 — CAGR 14.5%, MDD -39.1%, exposure 96%. It is hold-like at 95%+ exposure and is not used as the featured strategy.

Return/drawdown alternative: MACD — CAGR is 3.0%p higher than buy and hold, while drawdown improves by 22.4%p (CAGR 13.5%, MDD -32.0%, exposure 54%).

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
MACD
fast=17, slow=44, signal=16
13.5%-32.0%0.710.422.9x8554%
Supertrend
period=18, mult=2
14.1%-37.0%0.690.383.0x9756%
ROC 모멘텀
Hold-like · Exposure 96%
n=8, threshold=-0.09
14.5%-39.1%0.620.373.1x4396%
Parabolic SAR
step=0.01, maxStep=0.28
9.5%-28.4%0.500.342.1x10957%
Donchian 채널 돌파
entryN=8, exitN=19
7.2%-43.0%0.400.171.8x6372%
볼린저 밴드 돌파
n=52, k=2.6
4.1%-27.9%0.380.151.4x1719%
SMA 크로스오버
fast=4, slow=95
6.0%-31.6%0.380.191.6x4359%
EMA 크로스오버
fast=1, slow=126
5.8%-45.1%0.370.131.6x7161%
Keltner 채널 돌파
emaPeriod=44, atrPeriod=19, mult=3.3
2.1%-32.0%0.220.071.2x2725%
ADX / DI 방향성
period=38, threshold=14
1.0%-26.1%0.140.041.1x4925%
Buy and hold10.5%-54.4%0.470.192.3x1100%
1x 2019 2020 2021 2022 2023 2024 2025 2026 ROC 모멘텀MACDBuy and hold
MACD (Sharpe leader), ROC 모멘텀 (CAGR reference), Buy and hold.
0% -14% -27% -41% -54% 2019 2020 2021 2022 2023 2024 2025 2026 Buy and holdROC 모멘텀MACD
MACD maximum drawdown -32.0% (2020-11-18 → 2022-06-10), recovered after 1,134 days.

Rules of the top strategy

Looks at the gap (MACD) between a short and long average crossing its own signal line.

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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