Trend-Following Backtester · Guide · backtest 한국어

equity · DK

NKT A/S backtest

10 trend-following strategies were compared on the full daily history of NKT A/S. 6 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is SMA 크로스오버 (CAGR 15.7%, MDD -47.3%).

Data 2001-04-27 ~ 2026-07-31daily bars 6,367 (25.3 years)Costs 0.5%Venue OMXCOPMonthly snapshot 2026-07-31

Results by strategy

6 of 10 beat buy and hold (CAGR 10.3%, drawdown -86.7%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 16.2%, MDD -54.1%, Sharpe 0.69, 63% exposure.

Return/drawdown alternative: SMA 크로스오버 — CAGR is 5.9%p higher than buy and hold, while drawdown improves by 32.6%p (CAGR 15.7%, MDD -47.3%, exposure 64%).

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=87, exitN=79
16.2%-54.1%0.690.3044.6x2763%
EMA 크로스오버
fast=59, slow=147
15.8%-52.6%0.690.3040.5x2564%
SMA 크로스오버
fast=18, slow=188
15.7%-47.3%0.680.3339.7x3964%
ROC 모멘텀
n=143, threshold=-0.01
13.2%-58.2%0.600.2322.7x13364%
볼린저 밴드 돌파
n=61, k=2.7
9.5%-44.1%0.600.219.8x5429%
Parabolic SAR
step=0.02, maxStep=0.02
13.0%-50.9%0.600.2622.0x14259%
Supertrend
period=17, mult=4.9
11.2%-47.9%0.540.2314.7x8058%
Keltner 채널 돌파
emaPeriod=65, atrPeriod=13, mult=2.7
8.1%-53.6%0.470.157.2x9842%
ADX / DI 방향성
period=33, threshold=17
7.0%-28.3%0.470.255.5x12027%
MACD
fast=19, slow=41, signal=22
0.8%-78.4%0.160.011.2x26650%
Buy and hold10.3%-86.7%0.450.1212.0x1100%
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% -22% -43% -65% -87% 2002 2006 2010 2014 2018 2022 2026 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -54.1% (2017-05-17 → 2020-03-23), recovered after 1,287 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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