Trend-Following Backtester · Guide · backtest 한국어

equity · GR

Ballys Intralot S.A. backtest

10 trend-following strategies were compared on the full daily history of Ballys Intralot S.A.. 10 beat buy-and-hold CAGR; 볼린저 밴드 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ADX / DI 방향성 (CAGR 3.0%, MDD -26.1%).

Data 1999-11-03 ~ 2026-07-31daily bars 6,749 (26.7 years)Costs 0.5%Venue ATHEXMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR -3.5%, drawdown -99.5%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 7.6%, MDD -38.8%, Sharpe 0.53, 7% exposure.

CAGR reference leader: SMA 크로스오버 — CAGR 9.7%, MDD -64.8%, exposure 48%.

Return/drawdown alternative: ADX / DI 방향성 — CAGR is 11.1%p higher than buy and hold, while drawdown improves by 60.7%p (CAGR 3.0%, MDD -26.1%, exposure 3%).

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
볼린저 밴드 돌파
n=25, k=3.4
7.6%-38.8%0.530.207.2x227%
SMA 크로스오버
fast=75, slow=199
9.7%-64.8%0.450.1512.0x3548%
ADX / DI 방향성
period=26, threshold=37
3.0%-26.1%0.390.112.2x123%
Donchian 채널 돌파
entryN=69, exitN=78
6.9%-62.6%0.370.115.9x3353%
Parabolic SAR
step=0.01, maxStep=0.14
6.0%-81.8%0.340.074.7x30953%
Keltner 채널 돌파
emaPeriod=41, atrPeriod=21, mult=3.6
4.9%-54.7%0.320.093.6x6618%
EMA 크로스오버
fast=43, slow=134
4.7%-72.5%0.300.073.4x4746%
ROC 모멘텀
n=111, threshold=-0.02
2.9%-79.1%0.250.042.2x24952%
MACD
fast=10, slow=48, signal=12
2.1%-80.2%0.230.031.7x39250%
Supertrend
period=13, mult=5
-1.1%-85.7%0.13-0.010.7x9447%
Buy and hold-3.5%-99.5%0.19-0.030.4x1100%
0.1 1x 10x 2000 2004 2008 2012 2016 2020 2024 SMA 크로스오버볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파 (Sharpe leader), SMA 크로스오버 (CAGR reference), Buy and hold.
0% -25% -50% -75% -99% 2000 2004 2008 2012 2016 2020 2024 Buy and holdSMA 크로스오버볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -38.8% (2021-08-11 → 2023-10-20), recovered after 877 days.

Rules of the top strategy

Breaking above the upper band (average plus a multiple of volatility) signals a strong move up.

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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