Trend-Following Backtester · Guide · backtest 한국어

equity · SE

Boliden AB backtest

10 trend-following strategies were compared on the full daily history of Boliden AB. 9 beat buy-and-hold CAGR; Supertrend ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ADX / DI 방향성 (CAGR 11.8%, MDD -29.3%).

Data 2001-12-05 ~ 2026-07-30daily bars 6,240 (24.6 years)Costs 0.5%Venue OMXSTOMonthly snapshot 2026-07-31

Results by strategy

9 of 10 beat buy and hold (CAGR 11.6%, drawdown -91.6%).

Sharpe leader (same as main): Supertrend — CAGR 21.0%, MDD -45.3%, Sharpe 0.82, 51% exposure.

Return/drawdown alternative: ADX / DI 방향성 — CAGR is 9.4%p higher than buy and hold, while drawdown improves by 46.3%p (CAGR 11.8%, MDD -29.3%, exposure 24%).

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
Supertrend
period=14, mult=4.1
21.0%-45.3%0.820.46109.2x9651%
Donchian 채널 돌파
entryN=68, exitN=18
17.2%-44.2%0.800.3949.9x7835%
볼린저 밴드 돌파
n=83, k=1.8
17.1%-43.4%0.760.3948.9x6841%
SMA 크로스오버
fast=33, slow=89
19.5%-56.8%0.750.3480.1x6456%
Keltner 채널 돌파
emaPeriod=56, atrPeriod=17, mult=4
13.3%-35.2%0.710.3821.9x6229%
ADX / DI 방향성
period=25, threshold=19
11.8%-29.3%0.690.4015.6x11424%
ROC 모멘텀
n=100, threshold=0.06
15.8%-42.8%0.680.3737.2x17048%
EMA 크로스오버
fast=7, slow=47
15.3%-56.1%0.630.2733.1x17256%
MACD
fast=23, slow=64, signal=23
14.4%-73.5%0.590.2027.3x19052%
Parabolic SAR
step=0.005, maxStep=0.34
5.8%-75.7%0.340.084.0x21452%
Buy and hold11.6%-91.6%0.470.1315.0x1100%
1x 10x 100x 2002 2006 2010 2014 2018 2022 2026 SupertrendBuy and hold
Supertrend: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -23% -46% -69% -92% 2002 2006 2010 2014 2018 2022 2026 Buy and holdSupertrend
Supertrend maximum drawdown -45.3% (2006-05-11 → 2009-02-12), recovered after 1,044 days.

Rules of the top strategy

Trades the direction of a volatility-based trend line that trails below/above price.

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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