Trend-Following Backtester · Guide · backtest 한국어

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Harel Sal TA 90 ETF backtest

10 trend-following strategies were compared on the full daily history of Harel Sal TA 90 ETF. 1 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is SMA 크로스오버 (CAGR 13.8%, MDD -24.8%).

Data 2019-01-07 ~ 2026-07-31daily bars 1,514 (7.6 years)Costs 0.5%Venue TASEMonthly snapshot 2026-07-31

Results by strategy

1 of 10 beat buy and hold (CAGR 17.9%, drawdown -38.4%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 20.9%, MDD -34.1%, Sharpe 1.24, 93% exposure.

Return/drawdown alternative: SMA 크로스오버 — CAGR is 3.0%p higher than buy and hold, while drawdown improves by 4.3%p (CAGR 13.8%, MDD -24.8%, exposure 66%).

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=4, exitN=59
20.9%-34.1%1.240.614.2x2193%
SMA 크로스오버
fast=16, slow=26
13.8%-24.8%1.050.552.7x5666%
Supertrend
period=13, mult=4.3
13.0%-29.1%1.010.452.5x2866%
ADX / DI 방향성
period=32, threshold=17
8.5%-14.4%1.010.591.9x2434%
ROC 모멘텀
n=87, threshold=0.02
12.5%-23.2%0.990.542.4x3061%
EMA 크로스오버
fast=14, slow=39
12.9%-25.5%0.950.512.5x2472%
볼린저 밴드 돌파
n=40, k=2.6
7.1%-11.9%0.910.591.7x1633%
Keltner 채널 돌파
emaPeriod=46, atrPeriod=14, mult=3.6
7.3%-18.0%0.830.411.7x2241%
Parabolic SAR
step=0.005, maxStep=0.32
7.0%-34.8%0.600.201.7x6064%
MACD
fast=18, slow=55, signal=19
5.3%-26.9%0.520.201.5x6050%
Buy and hold17.9%-38.4%1.010.473.5x1100%
1x 2020 2021 2022 2023 2024 2025 2026 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -10% -19% -29% -38% 2020 2021 2022 2023 2024 2025 2026 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -34.1% (2022-04-20 → 2023-04-20), recovered after 957 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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