Trend-Following Backtester · Guide · backtest 한국어

equity · PL

Jastrzebska Spolka Weglowa S.A. backtest

10 trend-following strategies were compared on the full daily history of Jastrzebska Spolka Weglowa S.A.. 10 beat buy-and-hold CAGR; ADX / DI 방향성 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ADX / DI 방향성 (CAGR 10.2%, MDD -41.8%).

Data 2011-07-06 ~ 2026-07-31daily bars 3,855 (15.1 years)Costs 0.5%Venue GPWMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR -10.6%, drawdown -93.8%).

Sharpe leader (same as main): ADX / DI 방향성 — CAGR 10.2%, MDD -41.8%, Sharpe 0.53, 11% exposure.

CAGR reference leader: EMA 크로스오버 — CAGR 11.9%, MDD -63.1%, exposure 33%.

Return/drawdown alternative: ADX / DI 방향성 — CAGR is 20.9%p higher than buy and hold, while drawdown improves by 52.0%p (CAGR 10.2%, MDD -41.8%, exposure 11%).

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
ADX / DI 방향성
period=13, threshold=33
10.2%-41.8%0.530.244.3x4811%
EMA 크로스오버
fast=56, slow=184
11.9%-63.1%0.490.195.5x1433%
SMA 크로스오버
fast=46, slow=219
11.0%-76.6%0.460.144.8x2036%
볼린저 밴드 돌파
n=21, k=2
9.7%-66.2%0.450.154.1x10424%
Keltner 채널 돌파
emaPeriod=24, atrPeriod=19, mult=1.7
9.1%-67.7%0.430.143.7x9223%
MACD
fast=16, slow=73, signal=30
8.8%-75.1%0.400.123.5x11149%
Donchian 채널 돌파
entryN=94, exitN=61
8.5%-74.8%0.400.113.4x1633%
ROC 모멘텀
n=137, threshold=0.01
6.5%-82.3%0.350.082.6x11637%
Supertrend
period=20, mult=4.3
2.1%-70.1%0.230.031.4x6036%
Parabolic SAR
step=0.015, maxStep=0.34
-1.9%-77.2%0.14-0.020.7x25646%
Buy and hold-10.6%-93.8%0.06-0.110.2x1100%
0.1 1x 10x 2012 2014 2016 2018 2020 2022 2024 2026 EMA 크로스오버ADX / DI 방향성Buy and hold
ADX / DI 방향성 (Sharpe leader), EMA 크로스오버 (CAGR reference), Buy and hold.
0% -23% -47% -70% -94% 2012 2014 2016 2018 2020 2022 2024 2026 Buy and holdEMA 크로스오버ADX / DI 방향성
ADX / DI 방향성 maximum drawdown -41.8% (2022-11-30 → 2026-02-05), prior peak not yet recovered.

Rules of the top strategy

Looks at both the direction and the strength of the trend; holds only in a strong uptrend.

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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