Trend-Following Backtester · Guide · backtest 한국어

equity · PL

Develia S.A. backtest

10 trend-following strategies were compared on the full daily history of Develia S.A.. 5 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is 볼린저 밴드 돌파 (CAGR 4.9%, MDD -42.0%).

Data 2007-06-29 ~ 2026-07-31daily bars 4,888 (19.1 years)Costs 0.5%Venue GPWMonthly snapshot 2026-07-31

Results by strategy

5 of 10 beat buy and hold (CAGR 2.9%, drawdown -91.6%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 8.7%, MDD -50.0%, Sharpe 0.43, 49% exposure.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 5.7%p higher than buy and hold, while drawdown improves by 41.6%p (CAGR 4.9%, MDD -42.0%, exposure 18%).

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=87, exitN=76
8.7%-50.0%0.430.174.9x2549%
SMA 크로스오버
fast=74, slow=170
6.8%-54.0%0.370.133.5x2956%
볼린저 밴드 돌파
n=29, k=2.7
4.9%-42.0%0.340.122.5x6818%
Supertrend
period=20, mult=5
3.3%-67.7%0.250.051.9x5557%
ROC 모멘텀
n=86, threshold=0.09
3.0%-70.0%0.240.041.8x22134%
MACD
fast=20, slow=73, signal=20
2.8%-61.1%0.240.051.7x16652%
Parabolic SAR
step=0.005, maxStep=0.38
2.6%-68.2%0.230.041.6x14051%
Keltner 채널 돌파
emaPeriod=19, atrPeriod=23, mult=2.7
2.6%-38.1%0.230.071.6x6613%
EMA 크로스오버
fast=40, slow=120
1.8%-81.0%0.200.021.4x5160%
ADX / DI 방향성
period=31, threshold=12
0.8%-81.4%0.160.011.2x19239%
Buy and hold2.9%-91.6%0.280.031.7x1100%
0.1 1x 2008 2011 2014 2017 2020 2023 2026 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -23% -46% -69% -92% 2008 2011 2014 2017 2020 2023 2026 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -50.0% (2014-06-17 → 2020-12-21), recovered after 2,648 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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