Trend-Following Backtester · Guide · backtest 한국어

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Leonardo SpA backtest

10 trend-following strategies were compared on the full daily history of Leonardo SpA. 7 beat buy-and-hold CAGR; MACD ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is 볼린저 밴드 돌파 (CAGR 6.5%, MDD -23.9%).

Data 2005-07-18 ~ 2026-07-31daily bars 5,345 (21.0 years)Costs 0.5%Venue MILMonthly snapshot 2026-07-31

Results by strategy

7 of 10 beat buy and hold (CAGR 6.8%, drawdown -87.8%).

Sharpe leader (same as main): MACD — CAGR 12.8%, MDD -48.7%, Sharpe 0.60, 51% exposure.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 6.1%p higher than buy and hold, while drawdown improves by 39.1%p (CAGR 6.5%, MDD -23.9%, exposure 16%).

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
MACD
fast=14, slow=58, signal=30
12.8%-48.7%0.600.2612.7x18151%
볼린저 밴드 돌파
n=40, k=3.1
6.5%-23.9%0.560.273.8x3816%
Donchian 채널 돌파
entryN=85, exitN=78
11.2%-45.0%0.550.259.3x2855%
ROC 모멘텀
n=109, threshold=-0.04
10.5%-57.4%0.510.188.2x19062%
SMA 크로스오버
fast=19, slow=232
9.3%-54.1%0.480.176.4x3056%
Keltner 채널 돌파
emaPeriod=30, atrPeriod=21, mult=3.7
5.4%-32.0%0.460.173.0x4415%
Parabolic SAR
step=0.005, maxStep=0.3
8.3%-58.6%0.450.145.3x18151%
EMA 크로스오버
fast=49, slow=105
8.1%-56.9%0.430.145.2x3657%
Supertrend
period=15, mult=2.5
7.5%-38.8%0.410.194.6x18653%
ADX / DI 방향성
period=32, threshold=26
1.7%-19.4%0.240.091.4x245%
Buy and hold6.8%-87.8%0.360.084.0x1100%
1x 10x 2006 2009 2012 2015 2018 2021 2024 MACDBuy and hold
MACD: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -22% -44% -66% -88% 2006 2009 2012 2015 2018 2021 2024 Buy and holdMACD
MACD maximum drawdown -48.7% (2009-10-12 → 2012-08-02), recovered after 1,452 days.

Rules of the top strategy

Looks at the gap (MACD) between a short and long average crossing its own signal line.

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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