Trend-Following Backtester · Guide · backtest 한국어

equity · FR

LISI SA backtest

10 trend-following strategies were compared on the full daily history of LISI SA. 2 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 14.5%, MDD -56.2%).

Data 2000-01-03 ~ 2026-07-31daily bars 6,829 (26.6 years)Costs 0.5%Venue EURONEXTMonthly snapshot 2026-07-31

Results by strategy

2 of 10 beat buy and hold (CAGR 10.2%, drawdown -76.1%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 14.5%, MDD -56.2%, Sharpe 0.65, 60% exposure.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 4.3%p higher than buy and hold, while drawdown improves by 19.8%p (CAGR 14.5%, MDD -56.2%, exposure 60%).

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=12, exitN=14
14.5%-56.2%0.650.2636.5x20660%
SMA 크로스오버
fast=56, slow=106
10.3%-58.7%0.520.1813.6x6161%
Parabolic SAR
step=0.02, maxStep=0.38
9.9%-68.1%0.490.1412.2x50053%
EMA 크로스오버
fast=57, slow=116
9.4%-57.0%0.490.1610.8x4762%
ROC 모멘텀
n=162, threshold=0.06
7.9%-65.9%0.450.127.5x16353%
볼린저 밴드 돌파
n=46, k=0.8
7.6%-58.1%0.440.137.1x20650%
Supertrend
period=22, mult=3.8
7.9%-57.0%0.430.147.5x16056%
ADX / DI 방향성
period=9, threshold=17
7.2%-64.0%0.410.116.3x57250%
Keltner 채널 돌파
emaPeriod=37, atrPeriod=21, mult=1.2
6.6%-74.7%0.400.095.4x24049%
MACD
fast=12, slow=34, signal=16
3.8%-70.6%0.270.052.7x38049%
Buy and hold10.2%-76.1%0.450.1313.3x1100%
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% -19% -38% -57% -76% 2001 2005 2009 2013 2017 2021 2025 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -56.2% (2014-01-28 → 2016-09-30), recovered after 2,478 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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