Trend-Following Backtester · Guide · backtest 한국어

equity · IL

Tel Aviv Stock Exchange Ltd. backtest

10 trend-following strategies were compared on the full daily history of Tel Aviv Stock Exchange Ltd.. 1 beat buy-and-hold CAGR; SMA 크로스오버 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Supertrend (CAGR 34.0%, MDD -30.2%).

Data 2019-08-01 ~ 2026-07-31daily bars 1,406 (7.0 years)Costs 0.5%Venue TASEMonthly snapshot 2026-07-31

Results by strategy

1 of 10 beat buy and hold (CAGR 44.0%, drawdown -42.4%).

Sharpe leader (same as main): SMA 크로스오버 — CAGR 44.4%, MDD -39.4%, Sharpe 1.42, 73% exposure.

Return/drawdown alternative: Supertrend — CAGR is 0.3%p higher than buy and hold, while drawdown improves by 2.9%p (CAGR 34.0%, MDD -30.2%, exposure 59%).

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=52, slow=68
44.4%-39.4%1.421.1313.1x2073%
Supertrend
period=22, mult=2.5
34.0%-30.2%1.271.137.8x4259%
Donchian 채널 돌파
entryN=138, exitN=36
29.8%-29.4%1.241.016.2x850%
ADX / DI 방향성
period=44, threshold=12
30.5%-37.9%1.210.816.5x2457%
볼린저 밴드 돌파
n=61, k=2.5
24.1%-31.5%1.180.774.5x1241%
Parabolic SAR
step=0.01, maxStep=0.14
29.1%-29.5%1.150.996.0x7460%
EMA 크로스오버
fast=11, slow=129
30.0%-50.0%1.100.606.3x1471%
ROC 모멘텀
n=128, threshold=0.1
28.5%-52.9%1.090.545.8x3663%
Keltner 채널 돌파
emaPeriod=98, atrPeriod=31, mult=4
25.0%-41.1%1.080.614.8x1254%
MACD
fast=23, slow=58, signal=17
15.3%-30.4%0.740.502.7x5650%
Buy and hold44.0%-42.4%1.261.0412.8x1100%
1x 10x 2020 2021 2022 2023 2024 2025 2026 SMA 크로스오버Buy and hold
SMA 크로스오버: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -11% -21% -32% -42% 2020 2021 2022 2023 2024 2025 2026 Buy and holdSMA 크로스오버
SMA 크로스오버 maximum drawdown -39.4% (2020-01-23 → 2020-03-23), recovered after 89 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

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