Trend-Following Backtester · Guide · backtest 한국어

equity · SE

Swedish Orphan Biovitrum AB backtest

10 trend-following strategies were compared on the full daily history of Swedish Orphan Biovitrum AB. 3 beat buy-and-hold CAGR; Supertrend ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Supertrend (CAGR 14.5%, MDD -41.2%).

Data 2006-09-15 ~ 2026-07-31daily bars 4,994 (19.9 years)Costs 0.5%Venue OMXSTOMonthly snapshot 2026-07-31

Results by strategy

3 of 10 beat buy and hold (CAGR 12.2%, drawdown -78.3%).

Sharpe leader (same as main): Supertrend — CAGR 14.5%, MDD -41.2%, Sharpe 0.67, 49% exposure.

Return/drawdown alternative: Supertrend — CAGR is 2.3%p higher than buy and hold, while drawdown improves by 37.1%p (CAGR 14.5%, MDD -41.2%, exposure 49%).

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=12, mult=4.6
14.5%-41.2%0.670.3514.8x5749%
Donchian 채널 돌파
entryN=31, exitN=45
14.1%-66.0%0.620.2113.8x5161%
SMA 크로스오버
fast=67, slow=108
12.8%-60.8%0.580.2111.0x4353%
Keltner 채널 돌파
emaPeriod=39, atrPeriod=26, mult=1.6
10.1%-37.1%0.540.276.7x11939%
ROC 모멘텀
n=129, threshold=0.02
11.0%-59.9%0.530.188.0x12352%
EMA 크로스오버
fast=44, slow=101
10.8%-65.6%0.510.167.7x3356%
볼린저 밴드 돌파
n=32, k=1.6
7.4%-49.1%0.420.154.1x15838%
ADX / DI 방향성
period=47, threshold=12
5.4%-45.0%0.380.122.9x9130%
MACD
fast=19, slow=28, signal=12
4.4%-70.8%0.300.062.4x28652%
Parabolic SAR
step=0.015, maxStep=0.36
2.2%-79.4%0.210.031.6x35551%
Buy and hold12.2%-78.3%0.500.169.8x1100%
1x 10x 2007 2010 2013 2016 2019 2022 2025 SupertrendBuy and hold
Supertrend: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -20% -39% -59% -78% 2007 2010 2013 2016 2019 2022 2025 Buy and holdSupertrend
Supertrend maximum drawdown -41.2% (2024-09-17 → 2025-10-14), prior peak not yet recovered.

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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