Trend-Following Backtester · Guide · backtest 한국어

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Nordex SE backtest

10 trend-following strategies were compared on the full daily history of Nordex SE. 10 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 14.0%, MDD -53.5%).

Data 2001-04-05 ~ 2026-07-31daily bars 6,464 (25.3 years)Costs 0.5%Venue XETRMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR -2.4%, drawdown -98.6%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 14.9%, MDD -58.9%, Sharpe 0.66, 24% exposure.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 17.4%p higher than buy and hold, while drawdown improves by 39.7%p (CAGR 14.0%, MDD -53.5%, 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=100, exitN=21
14.9%-58.9%0.660.2533.9x4424%
Keltner 채널 돌파
emaPeriod=57, atrPeriod=19, mult=3.6
14.5%-56.1%0.640.2630.7x5624%
볼린저 밴드 돌파
n=45, k=2
14.0%-53.5%0.590.2627.5x10632%
EMA 크로스오버
fast=53, slow=189
14.7%-67.9%0.580.2232.4x2539%
ROC 모멘텀
n=100, threshold=0.13
13.2%-69.5%0.540.1923.3x17636%
Supertrend
period=22, mult=4.2
13.7%-71.6%0.520.1925.9x9047%
SMA 크로스오버
fast=11, slow=142
12.6%-66.4%0.510.1920.0x6044%
Parabolic SAR
step=0.015, maxStep=0.36
8.3%-80.4%0.390.107.5x41750%
MACD
fast=7, slow=39, signal=6
2.8%-81.2%0.270.032.0x65051%
ADX / DI 방향성
period=31, threshold=26
3.1%-56.9%0.260.052.2x346%
Buy and hold-2.4%-98.6%0.24-0.020.5x1100%
0.1 1x 10x 2002 2006 2010 2014 2018 2022 2026 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -25% -49% -74% -99% 2002 2006 2010 2014 2018 2022 2026 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -58.9% (2021-02-16 → 2022-05-03), recovered after 1,835 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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