Trend-Following Backtester · Guide · backtest 한국어

equity · NL

ASM International N.V. backtest

10 trend-following strategies were compared on the full daily history of ASM International N.V.. 4 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ROC 모멘텀 (CAGR 23.7%, MDD -44.7%).

Data 1999-01-06 ~ 2026-07-30daily bars 7,091 (27.6 years)Costs 0.5%Venue EURONEXTMonthly snapshot 2026-07-31

Results by strategy

4 of 10 beat buy and hold (CAGR 20.4%, drawdown -87.1%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 26.4%, MDD -58.9%, Sharpe 0.77, 79% exposure.

Return/drawdown alternative: ROC 모멘텀 — CAGR is 6.0%p higher than buy and hold, while drawdown improves by 28.1%p (CAGR 23.7%, MDD -44.7%, exposure 64%).

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=22, exitN=74
26.4%-58.9%0.770.45640.2x5879%
ROC 모멘텀
n=55, threshold=-0.02
23.7%-44.7%0.760.53351.6x26064%
Supertrend
period=17, mult=4.5
21.5%-53.1%0.730.40212.4x10657%
SMA 크로스오버
fast=27, slow=77
21.9%-58.2%0.730.38232.8x8560%
볼린저 밴드 돌파
n=39, k=0.9
18.0%-61.8%0.670.2995.2x21450%
Keltner 채널 돌파
emaPeriod=32, atrPeriod=23, mult=2.2
15.1%-65.4%0.650.2348.7x15838%
EMA 크로스오버
fast=47, slow=70
18.1%-55.4%0.640.3398.8x5961%
ADX / DI 방향성
period=30, threshold=6
13.4%-67.9%0.540.2031.9x38856%
MACD
fast=14, slow=64, signal=2
10.1%-77.5%0.440.1314.1x80452%
Parabolic SAR
step=0.045, maxStep=0.14
6.5%-75.9%0.350.095.6x80655%
Buy and hold20.4%-87.1%0.610.23167.0x1100%
1x 10x 100x 2000 2004 2008 2012 2016 2020 2024 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -22% -44% -65% -87% 2000 2004 2008 2012 2016 2020 2024 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -58.9% (2021-11-18 → 2022-11-03), recovered after 798 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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