Trend-Following Backtester · Guide · backtest 한국어

equity · US

uniQure N.V. backtest

10 trend-following strategies were compared on the full daily history of uniQure N.V.. 8 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ADX / DI 방향성 (CAGR 9.9%, MDD -74.5%).

Data 2014-02-05 ~ 2026-07-31daily bars 3,140 (12.5 years)Costs 0.5%Venue XNASMonthly snapshot 2026-07-31

Results by strategy

8 of 10 beat buy and hold (CAGR 9.1%, drawdown -95.4%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 26.2%, MDD -79.3%, Sharpe 0.55, 40% exposure.

Return/drawdown alternative: ADX / DI 방향성 — CAGR is 17.1%p higher than buy and hold, while drawdown improves by 16.1%p (CAGR 9.9%, MDD -74.5%, exposure 34%).

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
ROC 모멘텀
n=119, threshold=0.07
26.2%-79.3%0.550.3318.3x8940%
Keltner 채널 돌파
emaPeriod=73, atrPeriod=12, mult=1.8
15.8%-81.0%0.500.196.2x4733%
Donchian 채널 돌파
entryN=69, exitN=34
21.8%-84.7%0.500.2611.7x2536%
SMA 크로스오버
fast=21, slow=218
18.8%-84.7%0.490.228.6x2343%
Supertrend
period=24, mult=4.7
17.1%-83.2%0.460.217.2x4339%
EMA 크로스오버
fast=10, slow=142
16.0%-90.8%0.450.186.4x3741%
ADX / DI 방향성
period=44, threshold=12
9.9%-74.5%0.420.133.2x6534%
볼린저 밴드 돌파
n=51, k=1.1
9.2%-85.6%0.410.113.0x7336%
MACD
fast=19, slow=28, signal=18
3.5%-85.0%0.340.041.5x14453%
Parabolic SAR
step=0.015, maxStep=0.14
-7.7%-92.0%0.17-0.080.4x21447%
Buy and hold9.1%-95.4%0.490.103.0x1100%
1x 10x 2015 2017 2019 2021 2023 2025 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -24% -48% -72% -95% 2015 2017 2019 2021 2023 2025 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -79.3% (2025-10-29 → 2026-03-13), prior peak not yet recovered.

Rules of the top strategy

Rides the trend when recent return (momentum) over a window is above a threshold.

Method and caveats

Past performance does not guarantee future returns. Parameters were carried forward from the latest full optimization and replayed on this monthly dataset. 0.5% trading costs are included; taxes, slippage and rejected orders are not.
Re-optimize the same period and setupAll asset reports

Read next