Trend-Following Backtester · Guide · backtest 한국어

equity · FR

Credit Agricole SA backtest

10 trend-following strategies were compared on the full daily history of Credit Agricole SA. 8 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 4.7%, MDD -32.7%).

Data 2001-12-14 ~ 2026-07-31daily bars 6,320 (24.6 years)Costs 0.5%Venue EURONEXTMonthly snapshot 2026-07-31

Results by strategy

8 of 10 beat buy and hold (CAGR 0.9%, drawdown -91.2%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 7.0%, MDD -47.8%, Sharpe 0.43, 50% exposure.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 6.1%p higher than buy and hold, while drawdown improves by 43.4%p (CAGR 4.7%, MDD -32.7%, exposure 32%).

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=85, exitN=65
7.0%-47.8%0.430.155.3x3550%
ROC 모멘텀
n=149, threshold=-0.01
7.0%-45.8%0.420.155.3x14357%
볼린저 밴드 돌파
n=54, k=2.1
4.7%-32.7%0.360.143.1x8532%
EMA 크로스오버
fast=12, slow=225
4.9%-46.7%0.340.113.3x4556%
Keltner 채널 돌파
emaPeriod=44, atrPeriod=17, mult=1.7
3.1%-51.1%0.260.062.1x15140%
MACD
fast=27, slow=51, signal=17
3.2%-69.8%0.250.052.2x22551%
SMA 크로스오버
fast=62, slow=207
2.7%-56.1%0.230.051.9x2957%
Supertrend
period=21, mult=4.9
1.4%-59.2%0.170.021.4x8154%
ADX / DI 방향성
period=26, threshold=14
0.8%-52.9%0.140.021.2x21235%
Parabolic SAR
step=0.005, maxStep=0.28
-1.5%-70.8%0.06-0.020.7x23355%
Buy and hold0.9%-91.2%0.210.011.3x1100%
1x 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% -23% -46% -68% -91% 2002 2006 2010 2014 2018 2022 2026 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -47.8% (2009-11-11 → 2012-08-20), recovered after 1,365 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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