Trend-Following Backtester · Guide · backtest 한국어

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Elopak ASA backtest

10 trend-following strategies were compared on the full daily history of Elopak ASA. 8 beat buy-and-hold CAGR; 볼린저 밴드 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Donchian 채널 돌파 (CAGR 13.9%, MDD -11.3%).

Data 2021-06-17 ~ 2026-07-31daily bars 1,289 (5.1 years)Costs 0.5%Venue OSLMonthly snapshot 2026-07-31

Results by strategy

8 of 10 beat buy and hold (CAGR 5.1%, drawdown -52.2%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 15.2%, MDD -15.6%, Sharpe 0.88, 38% exposure.

CAGR reference leader: SMA 크로스오버 — CAGR 17.0%, MDD -19.9%, exposure 56%.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 10.1%p higher than buy and hold, while drawdown improves by 36.6%p (CAGR 13.9%, MDD -11.3%, exposure 33%).

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=65, k=2.4
15.2%-15.6%0.880.972.1x838%
Donchian 채널 돌파
entryN=86, exitN=12
13.9%-11.3%0.881.231.9x1033%
SMA 크로스오버
fast=41, slow=59
17.0%-19.9%0.850.862.2x1656%
Keltner 채널 돌파
emaPeriod=65, atrPeriod=16, mult=2.5
12.7%-23.0%0.760.551.8x1038%
Supertrend
period=17, mult=4.6
15.5%-24.5%0.740.632.1x1058%
ROC 모멘텀
n=76, threshold=0.07
13.0%-22.3%0.720.581.9x3643%
EMA 크로스오버
fast=6, slow=109
10.9%-21.4%0.580.511.7x1857%
ADX / DI 방향성
period=25, threshold=22
5.8%-14.1%0.480.421.3x1615%
MACD
fast=18, slow=57, signal=16
1.2%-31.7%0.160.041.1x5345%
Parabolic SAR
step=0.02, maxStep=0.08
-1.1%-36.4%0.06-0.030.9x9552%
Buy and hold5.1%-52.2%0.320.101.3x1100%
1x 2022 2023 2024 2025 2026 SMA 크로스오버볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파 (Sharpe leader), SMA 크로스오버 (CAGR reference), Buy and hold.
0% -13% -26% -39% -52% 2022 2023 2024 2025 2026 Buy and holdSMA 크로스오버볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -15.6% (2024-10-24 → 2025-05-22), recovered after 266 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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