Trend-Following Backtester · Guide · backtest 한국어

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Vestas Wind Systems A/S backtest

10 trend-following strategies were compared on the full daily history of Vestas Wind Systems A/S. 9 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 9.5%, MDD -28.8%).

Data 2000-05-10 ~ 2026-07-31daily bars 6,619 (26.2 years)Costs 0.5%Venue OMXCOPMonthly snapshot 2026-07-31

Results by strategy

9 of 10 beat buy and hold (CAGR 4.3%, drawdown -96.5%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 14.6%, MDD -56.7%, Sharpe 0.64, 39% exposure.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 10.3%p higher than buy and hold, while drawdown improves by 39.9%p (CAGR 9.5%, MDD -28.8%, exposure 15%).

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=108, exitN=52
14.6%-56.7%0.640.2635.6x3339%
볼린저 밴드 돌파
n=57, k=3.5
9.5%-28.8%0.610.3310.7x2415%
SMA 크로스오버
fast=6, slow=245
14.3%-60.2%0.590.2433.6x6553%
Keltner 채널 돌파
emaPeriod=58, atrPeriod=23, mult=3.6
11.1%-64.4%0.570.1715.8x6429%
EMA 크로스오버
fast=43, slow=213
13.6%-58.6%0.560.2328.4x2952%
ROC 모멘텀
n=126, threshold=-0.02
11.4%-59.2%0.490.1917.0x18956%
Supertrend
period=13, mult=4.2
9.9%-81.2%0.450.1211.9x11252%
Parabolic SAR
step=0.005, maxStep=0.34
8.8%-70.0%0.420.139.2x21054%
ADX / DI 방향성
period=19, threshold=19
5.0%-53.5%0.320.093.6x20629%
MACD
fast=12, slow=35, signal=19
0.0%-85.3%0.180.001.0x36451%
Buy and hold4.3%-96.5%0.340.043.0x1100%
0.1 1x 10x 2001 2005 2009 2013 2017 2021 2025 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -24% -48% -72% -97% 2001 2005 2009 2013 2017 2021 2025 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -56.7% (2021-01-08 → 2025-08-11), 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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