Trend-Following Backtester · Guide · backtest 한국어

equity · CA

Boardwalk Real Estate Investment Trust backtest

10 trend-following strategies were compared on the full daily history of Boardwalk Real Estate Investment Trust. 0 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Donchian 채널 돌파 (CAGR 9.9%, MDD -35.8%).

Data 1996-04-03 ~ 2026-07-31daily bars 7,701 (30.3 years)Costs 0.5%Venue TSXMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 10.7%, drawdown -77.2%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 9.9%, MDD -35.8%, Sharpe 0.60, 54% exposure.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 0.8%p lower than buy and hold, while drawdown improves by 41.4%p (CAGR 9.9%, MDD -35.8%, exposure 54%).

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
Donchian 채널 돌파
entryN=111, exitN=59
9.9%-35.8%0.600.2817.7x4254%
ROC 모멘텀
n=159, threshold=0
8.6%-60.1%0.530.1412.0x15357%
ADX / DI 방향성
period=25, threshold=39
3.1%-11.0%0.520.282.5x63%
볼린저 밴드 돌파
n=26, k=3.4
4.1%-21.6%0.510.193.4x246%
SMA 크로스오버
fast=9, slow=139
8.5%-54.6%0.510.1611.9x8062%
EMA 크로스오버
fast=21, slow=99
7.9%-55.2%0.490.1410.2x7362%
Supertrend
period=4, mult=3.8
7.6%-56.7%0.470.139.3x15157%
Keltner 채널 돌파
emaPeriod=41, atrPeriod=11, mult=3.2
4.2%-43.6%0.370.103.5x9424%
Parabolic SAR
step=0.005, maxStep=0.08
2.8%-79.5%0.240.042.3x23354%
MACD
fast=19, slow=53, signal=15
2.4%-70.1%0.220.032.1x33951%
Buy and hold10.7%-77.2%0.490.1422.0x1100%
1x 10x 1997 2001 2005 2009 2013 2017 2021 2025 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -19% -39% -58% -77% 1997 2001 2005 2009 2013 2017 2021 2025 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -35.8% (2012-08-22 → 2021-01-04), recovered after 3,347 days.

Rules of the top strategy

A new high means a trend starting; a new low means it’s over (turtle-trading style).

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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