Trend-Following Backtester · Guide · backtest 한국어

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Schouw & Co backtest

10 trend-following strategies were compared on the full daily history of Schouw & Co. 0 beat buy-and-hold CAGR; Keltner 채널 돌파 ranks first by Sharpe, matching the main backtester.

Data 2000-01-03 ~ 2026-07-31daily bars 6,711 (26.6 years)Costs 0.5%Venue OMXCOPMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 10.3%, drawdown -76.9%).

Sharpe leader (same as main): Keltner 채널 돌파 — CAGR 5.1%, MDD -24.5%, Sharpe 0.49, 10% exposure.

CAGR reference leader: ROC 모멘텀 — CAGR 7.6%, MDD -67.3%, exposure 79%.

No strategy retained at least 75% of buy-and-hold CAGR while reducing drawdown by both 20% relatively and 5 percentage points absolutely.

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
Keltner 채널 돌파
emaPeriod=15, atrPeriod=13, mult=2.7
5.1%-24.5%0.490.213.7x6410%
볼린저 밴드 돌파
n=38, k=3.5
3.3%-21.0%0.440.162.4x289%
SMA 크로스오버
fast=52, slow=175
7.1%-60.4%0.430.126.2x3461%
ADX / DI 방향성
period=8, threshold=41
4.8%-45.7%0.420.103.5x17414%
ROC 모멘텀
n=148, threshold=-0.11
7.6%-67.3%0.410.117.1x11379%
EMA 크로스오버
fast=53, slow=177
5.9%-65.7%0.370.094.6x3463%
Supertrend
period=20, mult=3.8
5.4%-49.7%0.360.114.1x12156%
Parabolic SAR
step=0.015, maxStep=0.08
5.7%-64.7%0.350.094.3x37653%
Donchian 채널 돌파
entryN=86, exitN=53
4.8%-50.3%0.340.103.5x4448%
MACD
fast=12, slow=42, signal=10
-0.1%-72.4%0.11-0.001.0x44148%
Buy and hold10.3%-76.9%0.460.1313.6x1100%
1x 10x 2001 2005 2009 2013 2017 2021 2025 ROC 모멘텀Keltner 채널 돌파Buy and hold
Keltner 채널 돌파 (Sharpe leader), ROC 모멘텀 (CAGR reference), Buy and hold.
0% -19% -38% -58% -77% 2001 2005 2009 2013 2017 2021 2025 Buy and holdROC 모멘텀Keltner 채널 돌파
Keltner 채널 돌파 maximum drawdown -24.5% (2001-05-21 → 2003-12-18), recovered after 2,905 days.

Rules of the top strategy

Breaking above the channel top (average plus a multiple of volatility) signals an upside breakout.

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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