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Amundi MSCI Emerging Markets Swap -UCITS ETF EUR C- Capitalisation backtest

10 trend-following strategies were compared on the full daily history of Amundi MSCI Emerging Markets Swap -UCITS ETF EUR C- Capitalisation. 0 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester.

Data 2010-11-30 ~ 2026-07-31daily bars 4,006 (15.7 years)Costs 0.5%Venue EURONEXTMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 5.6%, drawdown -35.0%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 3.3%, MDD -22.9%, Sharpe 0.36, 45% exposure.

CAGR reference leader: SMA 크로스오버 — CAGR 3.6%, MDD -33.4%, exposure 61%.

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
Donchian 채널 돌파
entryN=105, exitN=78
3.3%-22.9%0.360.151.7x2145%
SMA 크로스오버
fast=50, slow=211
3.6%-33.4%0.330.111.7x1961%
EMA 크로스오버
fast=22, slow=108
2.8%-31.7%0.290.091.5x4163%
볼린저 밴드 돌파
n=49, k=2.9
1.1%-14.6%0.250.081.2x1812%
ROC 모멘텀
n=130, threshold=-0.02
-0.4%-56.7%0.03-0.010.9x11766%
Supertrend
period=43, mult=5
-0.8%-39.4%-0.00-0.020.9x11859%
Keltner 채널 돌파
emaPeriod=58, atrPeriod=29, mult=3.5
-0.5%-27.8%-0.01-0.020.9x8036%
ADX / DI 방향성
period=35, threshold=18
-0.5%-16.4%-0.10-0.030.9x207%
MACD
fast=23, slow=55, signal=14
-2.2%-40.0%-0.14-0.060.7x17652%
Parabolic SAR
step=0.005, maxStep=0.26
-3.0%-59.9%-0.21-0.050.6x13456%
Buy and hold5.6%-35.0%0.390.162.3x1100%
1x 2011 2013 2015 2017 2019 2021 2023 2025 SMA 크로스오버Donchian 채널 돌파Buy and hold
Donchian 채널 돌파 (Sharpe leader), SMA 크로스오버 (CAGR reference), Buy and hold.
0% -9% -17% -26% -35% 2011 2013 2015 2017 2019 2021 2023 2025 Buy and holdSMA 크로스오버Donchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -22.9% (2018-01-29 → 2020-10-28), recovered after 2,898 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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