Trend-Following Backtester · Guide · backtest 한국어

equity · IL

First International Bank of Israel Ltd backtest

10 trend-following strategies were compared on the full daily history of First International Bank of Israel Ltd. 1 beat buy-and-hold CAGR; SMA 크로스오버 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Donchian 채널 돌파 (CAGR 12.0%, MDD -31.0%).

Data 2002-08-12 ~ 2026-07-31daily bars 4,929 (24.0 years)Costs 0.5%Venue TASEMonthly snapshot 2026-07-31

Results by strategy

1 of 10 beat buy and hold (CAGR 12.2%, drawdown -74.6%).

Sharpe leader (same as main): SMA 크로스오버 — CAGR 13.8%, MDD -35.8%, Sharpe 0.83, 63% exposure.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 1.6%p higher than buy and hold, while drawdown improves by 38.8%p (CAGR 12.0%, MDD -31.0%, 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
SMA 크로스오버
fast=57, slow=171
13.8%-35.8%0.830.3922.3x2063%
Donchian 채널 돌파
entryN=114, exitN=39
12.0%-31.0%0.810.3915.0x2649%
Keltner 채널 돌파
emaPeriod=79, atrPeriod=12, mult=3.5
11.1%-29.6%0.800.3712.4x3839%
EMA 크로스오버
fast=49, slow=171
11.6%-33.7%0.710.3514.0x2266%
볼린저 밴드 돌파
n=75, k=2.1
8.7%-34.1%0.650.257.4x5440%
Supertrend
period=15, mult=5
9.1%-62.0%0.580.158.0x5662%
ROC 모멘텀
n=130, threshold=-0.01
8.5%-47.2%0.560.187.1x15066%
ADX / DI 방향성
period=36, threshold=14
3.3%-72.7%0.290.052.2x7834%
MACD
fast=35, slow=51, signal=19
0.8%-72.7%0.150.011.2x16948%
Parabolic SAR
step=0.015, maxStep=0.24
-3.2%-87.1%-0.08-0.040.5x35953%
Buy and hold12.2%-74.6%0.610.1615.9x1100%
1x 10x 2003 2006 2009 2012 2015 2018 2021 2024 SMA 크로스오버Buy and hold
SMA 크로스오버: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -19% -37% -56% -75% 2003 2006 2009 2012 2015 2018 2021 2024 Buy and holdSMA 크로스오버
SMA 크로스오버 maximum drawdown -35.8% (2006-05-11 → 2007-03-21), recovered after 1,215 days.

Rules of the top strategy

When the short average rises above the long average, it reads that as an uptrend starting.

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

Read next