Trend-Following Backtester · Guide · backtest 한국어

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Blue Star Limited backtest

10 trend-following strategies were compared on the full daily history of Blue Star Limited. 4 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is EMA 크로스오버 (CAGR 26.3%, MDD -50.7%).

Data 2002-07-01 ~ 2026-07-31daily bars 5,981 (24.1 years)Costs 0.5%Venue NSEMonthly snapshot 2026-07-31

Results by strategy

4 of 10 beat buy and hold (CAGR 25.8%, drawdown -76.4%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 32.6%, MDD -50.7%, Sharpe 0.95, 73% exposure.

Return/drawdown alternative: EMA 크로스오버 — CAGR is 6.7%p higher than buy and hold, while drawdown improves by 25.7%p (CAGR 26.3%, MDD -50.7%, exposure 71%).

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=81, exitN=105
32.6%-50.7%0.950.64887.4x1273%
ROC 모멘텀
n=103, threshold=-0.03
26.8%-62.4%0.830.43306.5x16073%
EMA 크로스오버
fast=36, slow=112
26.3%-50.7%0.820.52274.3x3071%
SMA 크로스오버
fast=53, slow=115
26.2%-50.7%0.820.52272.0x4069%
ADX / DI 방향성
period=27, threshold=8
23.8%-62.2%0.780.38172.1x24267%
Supertrend
period=26, mult=3.9
21.3%-50.4%0.730.42105.3x7261%
Keltner 채널 돌파
emaPeriod=43, atrPeriod=9, mult=0.2
21.2%-51.1%0.730.41101.9x31159%
볼린저 밴드 돌파
n=40, k=0.8
19.0%-50.7%0.680.3766.2x21553%
MACD
fast=15, slow=22, signal=19
17.3%-57.8%0.640.3046.8x30151%
Parabolic SAR
step=0.025, maxStep=0.14
8.7%-78.3%0.460.117.4x53453%
Buy and hold25.8%-76.4%0.760.34252.3x1100%
1x 10x 100x 1,000x 2003 2006 2009 2012 2015 2018 2021 2024 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -19% -38% -57% -76% 2003 2006 2009 2012 2015 2018 2021 2024 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -50.7% (2005-07-28 → 2005-08-10), recovered after 225 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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