Trend-Following Backtester · Guide · backtest 한국어

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PT Hanjaya Mandala Sampoerna Tbk backtest

10 trend-following strategies were compared on the full daily history of PT Hanjaya Mandala Sampoerna Tbk. 4 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 8.6%, MDD -33.9%).

Data 2001-09-25 ~ 2026-07-31daily bars 6,166 (24.8 years)Costs 0.5%Venue IDXMonthly snapshot 2026-07-31

Results by strategy

4 of 10 beat buy and hold (CAGR 7.4%, drawdown -94.8%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 8.6%, MDD -33.9%, Sharpe 0.57, 24% exposure.

CAGR reference leader: SMA 크로스오버 — CAGR 9.5%, MDD -71.0%, exposure 50%.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 1.2%p higher than buy and hold, while drawdown improves by 61.0%p (CAGR 8.6%, MDD -33.9%, exposure 24%).

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=166, exitN=31
8.6%-33.9%0.570.257.7x3624%
SMA 크로스오버
fast=52, slow=155
9.5%-71.0%0.530.139.5x4050%
Keltner 채널 돌파
emaPeriod=56, atrPeriod=11, mult=2.8
8.1%-52.8%0.500.157.0x8231%
볼린저 밴드 돌파
n=46, k=2.4
7.7%-61.9%0.470.126.3x8630%
ROC 모멘텀
n=102, threshold=0.09
7.0%-59.4%0.440.125.4x16233%
ADX / DI 방향성
period=28, threshold=21
5.3%-50.8%0.400.103.6x8020%
Supertrend
period=14, mult=3.7
4.6%-70.3%0.310.073.1x13950%
EMA 크로스오버
fast=42, slow=76
-2.3%-95.8%0.26-0.020.6x4852%
Parabolic SAR
step=0.01, maxStep=0.22
-7.6%-96.3%0.07-0.080.1x26348%
MACD
fast=22, slow=41, signal=16
-9.9%-98.1%-0.01-0.100.1x26548%
Buy and hold7.4%-94.8%0.230.085.8x1100%
1x 10x 2002 2006 2010 2014 2018 2022 2026 SMA 크로스오버Donchian 채널 돌파Buy and hold
Donchian 채널 돌파 (Sharpe leader), SMA 크로스오버 (CAGR reference), Buy and hold.
0% -24% -47% -71% -95% 2002 2006 2010 2014 2018 2022 2026 Buy and holdSMA 크로스오버Donchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -33.9% (2003-07-28 → 2004-10-12), recovered after 585 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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