Trend-Following Backtester · Guide · backtest 한국어

equity · IN

Bajaj Holdings & Investment Limited. backtest

10 trend-following strategies were compared on the full daily history of Bajaj Holdings & Investment Limited.. 5 beat buy-and-hold CAGR; Supertrend ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Keltner 채널 돌파 (CAGR 14.4%, MDD -30.7%).

Data 2002-08-12 ~ 2026-07-31daily bars 5,950 (24.0 years)Costs 0.5%Venue NSEMonthly snapshot 2026-07-31

Results by strategy

5 of 10 beat buy and hold (CAGR 14.4%, drawdown -93.5%).

Sharpe leader (same as main): Supertrend — CAGR 17.5%, MDD -52.1%, Sharpe 0.80, 61% exposure.

CAGR reference leader: Donchian 채널 돌파 — CAGR 19.7%, MDD -74.8%, exposure 80%.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 3.1%p higher than buy and hold, while drawdown improves by 41.4%p (CAGR 14.4%, MDD -30.7%, exposure 46%).

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
Supertrend
period=30, mult=4.8
17.5%-52.1%0.800.3447.7x5161%
SMA 크로스오버
fast=55, slow=180
18.1%-51.0%0.790.3553.6x3068%
EMA 크로스오버
fast=49, slow=205
18.2%-40.1%0.790.4555.4x1875%
Donchian 채널 돌파
entryN=12, exitN=53
19.7%-74.8%0.780.2674.8x6180%
Keltner 채널 돌파
emaPeriod=44, atrPeriod=9, mult=1.6
14.4%-30.7%0.750.4725.2x11946%
볼린저 밴드 돌파
n=59, k=1.7
13.4%-39.2%0.700.3420.2x10347%
ROC 모멘텀
n=127, threshold=-0.02
14.3%-46.8%0.650.3124.5x14371%
ADX / DI 방향성
period=38, threshold=7
9.5%-53.7%0.490.188.8x26067%
Parabolic SAR
step=0.005, maxStep=0.26
5.5%-64.3%0.350.083.6x19356%
MACD
fast=19, slow=42, signal=18
2.2%-76.4%0.210.031.7x26551%
Buy and hold14.4%-93.5%0.580.1524.9x1100%
1x 10x 2003 2006 2009 2012 2015 2018 2021 2024 Donchian 채널 돌파SupertrendBuy and hold
Supertrend (Sharpe leader), Donchian 채널 돌파 (CAGR reference), Buy and hold.
0% -23% -47% -70% -93% 2003 2006 2009 2012 2015 2018 2021 2024 Buy and holdDonchian 채널 돌파Supertrend
Supertrend maximum drawdown -52.1% (2006-05-17 → 2009-03-30), recovered after 1,310 days.

Rules of the top strategy

Trades the direction of a volatility-based trend line that trails below/above price.

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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