Trend-Following Backtester · Guide · backtest 한국어

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Pandox AB Class B backtest

10 trend-following strategies were compared on the full daily history of Pandox AB Class B. 0 beat buy-and-hold CAGR; Keltner 채널 돌파 ranks first by Sharpe, matching the main backtester.

Data 2015-06-18 ~ 2026-07-31daily bars 2,796 (11.1 years)Costs 0.5%Venue OMXSTOMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 4.6%, drawdown -77.6%).

Sharpe leader (same as main): Keltner 채널 돌파 — CAGR 1.6%, MDD -5.6%, Sharpe 0.38, 1% exposure.

CAGR reference leader: ROC 모멘텀 — CAGR 3.2%, MDD -24.0%, exposure 22%.

No strategy retained at least 75% of buy-and-hold CAGR while reducing drawdown by both 20% relatively and 5 percentage points absolutely.

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
Keltner 채널 돌파
emaPeriod=7, atrPeriod=24, mult=3.7
1.6%-5.6%0.380.291.2x21%
볼린저 밴드 돌파
n=19, k=3
1.8%-11.9%0.300.151.2x166%
ROC 모멘텀
n=163, threshold=0.19
3.2%-24.0%0.270.131.4x6022%
ADX / DI 방향성
period=26, threshold=25
0.6%-8.5%0.170.061.1x83%
Donchian 채널 돌파
entryN=71, exitN=76
1.2%-41.3%0.160.031.1x1660%
Supertrend
period=9, mult=1.6
-0.9%-44.8%0.08-0.020.9x16754%
MACD
fast=7, slow=22, signal=18
-2.3%-52.2%0.02-0.040.8x22147%
Parabolic SAR
step=0.02, maxStep=0.28
-3.1%-47.7%-0.03-0.070.7x25353%
SMA 크로스오버
fast=48, slow=80
-3.6%-69.0%-0.08-0.050.7x4658%
EMA 크로스오버
fast=27, slow=66
-4.3%-65.1%-0.14-0.070.6x4455%
Buy and hold4.6%-77.6%0.300.061.6x1100%
1x 2016 2018 2020 2022 2024 2026 ROC 모멘텀Keltner 채널 돌파Buy and hold
Keltner 채널 돌파 (Sharpe leader), ROC 모멘텀 (CAGR reference), Buy and hold.
0% -19% -39% -58% -78% 2016 2018 2020 2022 2024 2026 Buy and holdROC 모멘텀Keltner 채널 돌파
Keltner 채널 돌파 maximum drawdown -5.6% (2020-11-18 → 2020-11-20), recovered after 6 days.

Rules of the top strategy

Breaking above the channel top (average plus a multiple of volatility) signals an upside breakout.

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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