Trend-Following Backtester · Guide · backtest 한국어

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Scandinavian Tobacco Group A/S backtest

10 trend-following strategies were compared on the full daily history of Scandinavian Tobacco Group A/S. 5 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ADX / DI 방향성 (CAGR 0.5%, MDD -6.2%).

Data 2016-02-10 ~ 2026-07-31daily bars 2,617 (10.5 years)Costs 0.5%Venue OMXCOPMonthly snapshot 2026-07-31

Results by strategy

5 of 10 beat buy and hold (CAGR -3.1%, drawdown -59.1%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 1.0%, MDD -7.3%, Sharpe 0.30, 1% exposure.

Return/drawdown alternative: ADX / DI 방향성 — CAGR is 4.2%p higher than buy and hold, while drawdown improves by 51.8%p (CAGR 0.5%, MDD -6.2%, exposure 2%).

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
ROC 모멘텀
n=22, threshold=0.18
1.0%-7.3%0.300.141.1x61%
ADX / DI 방향성
period=32, threshold=29
0.5%-6.2%0.130.081.1x22%
MACD
fast=17, slow=60, signal=22
-0.9%-37.2%0.04-0.020.9x9550%
Keltner 채널 돌파
emaPeriod=12, atrPeriod=11, mult=3.2
-0.6%-13.8%-0.11-0.040.9x82%
볼린저 밴드 돌파
n=19, k=1.7
-2.3%-40.4%-0.11-0.060.8x10734%
Donchian 채널 돌파
entryN=21, exitN=66
-6.2%-62.5%-0.15-0.100.5x3374%
SMA 크로스오버
fast=54, slow=143
-5.7%-61.8%-0.16-0.090.5x2247%
EMA 크로스오버
fast=28, slow=205
-6.8%-60.9%-0.25-0.110.5x1639%
Parabolic SAR
step=0.01, maxStep=0.36
-6.6%-59.8%-0.28-0.110.5x12750%
Supertrend
period=10, mult=5
-8.9%-69.2%-0.39-0.130.4x3956%
Buy and hold-3.1%-59.1%0.02-0.050.7x1100%
1x 2017 2019 2021 2023 2025 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -15% -30% -44% -59% 2017 2019 2021 2023 2025 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -7.3% (2020-06-02 → 2023-04-13), prior peak not yet recovered.

Rules of the top strategy

Rides the trend when recent return (momentum) over a window is above a threshold.

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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