Trend-Following Backtester · Guide · backtest 한국어

equity · IT

El.En. S.p.A. backtest

10 trend-following strategies were compared on the full daily history of El.En. S.p.A.. 7 beat buy-and-hold CAGR; Parabolic SAR ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is 볼린저 밴드 돌파 (CAGR 10.4%, MDD -41.9%).

Data 2000-12-11 ~ 2026-07-30daily bars 6,544 (25.6 years)Costs 0.5%Venue MILMonthly snapshot 2026-07-31

Results by strategy

7 of 10 beat buy and hold (CAGR 9.4%, drawdown -76.5%).

Sharpe leader (same as main): Parabolic SAR — CAGR 13.1%, MDD -42.8%, Sharpe 0.62, 48% exposure.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 3.7%p higher than buy and hold, while drawdown improves by 33.7%p (CAGR 10.4%, MDD -41.9%, exposure 44%).

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
Parabolic SAR
step=0.01, maxStep=0.2
13.1%-42.8%0.620.3123.6x31648%
EMA 크로스오버
fast=12, slow=26
12.8%-47.6%0.600.2721.9x20254%
Donchian 채널 돌파
entryN=64, exitN=99
13.0%-48.4%0.590.2722.9x3166%
Keltner 채널 돌파
emaPeriod=71, atrPeriod=15, mult=3.4
9.2%-45.6%0.550.209.6x6031%
볼린저 밴드 돌파
n=57, k=1.1
10.4%-41.9%0.550.2512.5x14244%
Supertrend
period=9, mult=2.4
11.3%-57.7%0.550.2015.5x19052%
ROC 모멘텀
n=90, threshold=-0.07
11.3%-59.2%0.520.1915.5x17172%
SMA 크로스오버
fast=44, slow=187
10.2%-67.7%0.510.1512.1x3758%
MACD
fast=17, slow=22, signal=12
8.8%-56.9%0.460.168.7x39449%
ADX / DI 방향성
period=24, threshold=12
8.5%-62.8%0.450.138.0x29653%
Buy and hold9.4%-76.5%0.430.1210.0x1100%
1x 10x 2001 2005 2009 2013 2017 2021 2025 Parabolic SARBuy and hold
Parabolic SAR: 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 holdParabolic SAR
Parabolic SAR maximum drawdown -42.8% (2001-02-15 → 2002-10-16), recovered after 1,545 days.

Rules of the top strategy

Trades around the Parabolic SAR dots that accelerate toward 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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