Trend-Following Backtester · Guide · backtest 한국어

etf · CA

TD U.S. Equity Index ETF backtest

10 trend-following strategies were compared on the full daily history of TD U.S. Equity Index ETF. 0 beat buy-and-hold CAGR; EMA 크로스오버 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Donchian 채널 돌파 (CAGR 11.4%, MDD -16.8%).

Data 2016-03-30 ~ 2026-07-31daily bars 2,596 (10.3 years)Costs 0.5%Venue TSXMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 14.1%, drawdown -28.0%).

Sharpe leader (same as main): EMA 크로스오버 — CAGR 11.6%, MDD -18.3%, Sharpe 1.04, 78% exposure.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 2.6%p lower than buy and hold, while drawdown improves by 9.6%p (CAGR 11.4%, MDD -16.8%, exposure 81%).

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
EMA 크로스오버
fast=19, slow=65
11.6%-18.3%1.040.633.1x2378%
Donchian 채널 돌파
entryN=47, exitN=63
11.4%-16.8%1.010.683.1x1581%
SMA 크로스오버
fast=11, slow=158
9.9%-20.1%0.880.492.7x1776%
ROC 모멘텀
n=124, threshold=-0.03
9.2%-23.3%0.760.402.5x3785%
MACD
fast=35, slow=53, signal=23
6.5%-14.0%0.750.471.9x7053%
Supertrend
period=21, mult=5
6.1%-12.8%0.670.481.9x4966%
볼린저 밴드 돌파
n=50, k=1.1
5.1%-16.8%0.610.311.7x6660%
Keltner 채널 돌파
emaPeriod=46, atrPeriod=15, mult=1.4
5.1%-19.7%0.580.261.7x8264%
Parabolic SAR
step=0.015, maxStep=0.06
4.9%-26.5%0.520.191.6x12666%
ADX / DI 방향성
period=23, threshold=6
1.3%-31.9%0.180.041.1x15466%
Buy and hold14.1%-28.0%0.890.513.9x1100%
1x 2017 2019 2021 2023 2025 EMA 크로스오버Buy and hold
EMA 크로스오버: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -7% -14% -21% -28% 2017 2019 2021 2023 2025 Buy and holdEMA 크로스오버
EMA 크로스오버 maximum drawdown -18.3% (2021-12-29 → 2023-01-19), recovered after 770 days.

Rules of the top strategy

Uses two exponential averages (more weight on recent prices) and trades their crossover.

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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