Trend-Following Backtester · Guide · backtest 한국어

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Djurslands Bank A/S backtest

10 trend-following strategies were compared on the full daily history of Djurslands Bank A/S. 4 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Supertrend (CAGR 10.4%, MDD -23.5%).

Data 2004-05-26 ~ 2026-07-31daily bars 5,564 (22.2 years)Costs 0.5%Venue OMXCOPMonthly snapshot 2026-07-31

Results by strategy

4 of 10 beat buy and hold (CAGR 8.8%, drawdown -68.2%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 10.9%, MDD -26.5%, Sharpe 0.72, 58% exposure.

Return/drawdown alternative: Supertrend — CAGR is 2.1%p higher than buy and hold, while drawdown improves by 41.7%p (CAGR 10.4%, MDD -23.5%, 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
Donchian 채널 돌파
entryN=111, exitN=74
10.9%-26.5%0.720.419.9x2158%
EMA 크로스오버
fast=42, slow=46
10.5%-34.5%0.680.319.2x5362%
Supertrend
period=16, mult=4.7
10.4%-23.5%0.670.448.9x4561%
SMA 크로스오버
fast=28, slow=125
9.7%-33.0%0.660.307.9x3762%
Keltner 채널 돌파
emaPeriod=33, atrPeriod=12, mult=3
6.7%-21.6%0.620.314.2x6325%
볼린저 밴드 돌파
n=49, k=2.7
5.9%-22.1%0.520.273.6x7132%
ADX / DI 방향성
period=28, threshold=14
5.5%-25.8%0.470.213.3x14342%
ROC 모멘텀
n=135, threshold=0
6.2%-48.6%0.450.133.8x14963%
Parabolic SAR
step=0.005, maxStep=0.24
5.5%-62.3%0.390.093.3x13360%
MACD
fast=16, slow=67, signal=19
0.5%-74.0%0.120.011.1x22950%
Buy and hold8.8%-68.2%0.470.136.5x1100%
1x 10x 2005 2008 2011 2014 2017 2020 2023 2026 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -17% -34% -51% -68% 2005 2008 2011 2014 2017 2020 2023 2026 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -26.5% (2026-02-09 → 2026-03-20), prior peak not yet recovered.

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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