Trend-Following Backtester · Guide · backtest 한국어

equity · FI

Nokian Renkaat Oyj backtest

10 trend-following strategies were compared on the full daily history of Nokian Renkaat Oyj. 4 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Donchian 채널 돌파 (CAGR 12.5%, MDD -52.0%).

Data 2000-01-03 ~ 2026-07-31daily bars 6,745 (26.6 years)Costs 0.5%Venue OMXHEXMonthly snapshot 2026-07-31

Results by strategy

4 of 10 beat buy and hold (CAGR 5.2%, drawdown -85.4%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 12.5%, MDD -52.0%, Sharpe 0.61, 53% exposure.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 7.3%p higher than buy and hold, while drawdown improves by 33.3%p (CAGR 12.5%, MDD -52.0%, exposure 53%).

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=93, exitN=75
12.5%-52.0%0.610.2422.7x3153%
SMA 크로스오버
fast=24, slow=120
11.9%-63.1%0.560.1919.6x6557%
EMA 크로스오버
fast=27, slow=133
10.9%-58.7%0.540.1915.6x4758%
볼린저 밴드 돌파
n=44, k=3.5
3.3%-31.1%0.380.112.4x2411%
Keltner 채널 돌파
emaPeriod=32, atrPeriod=12, mult=3.7
3.7%-29.4%0.360.122.6x5515%
ROC 모멘텀
n=95, threshold=0.07
5.7%-75.9%0.360.084.4x23545%
Supertrend
period=15, mult=3.8
4.0%-70.4%0.280.062.8x13957%
ADX / DI 방향성
period=50, threshold=13
1.7%-55.2%0.190.031.6x9325%
MACD
fast=17, slow=50, signal=19
-0.6%-93.4%0.11-0.010.9x29153%
Parabolic SAR
step=0.03, maxStep=0.38
-7.9%-97.8%-0.15-0.080.1x70552%
Buy and hold5.2%-85.4%0.320.063.8x1100%
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% -21% -43% -64% -85% 2001 2005 2009 2013 2017 2021 2025 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -52.0% (2012-04-03 → 2020-09-25), recovered after 5,187 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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