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Kotak Gold ETF backtest

10 trend-following strategies were compared on the full daily history of Kotak Gold ETF. 0 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester.

Data 2008-04-17 ~ 2026-07-31daily bars 4,474 (18.3 years)Costs 0.5%Venue NSEMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 13.1%, drawdown -27.9%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 11.7%, MDD -24.1%, Sharpe 0.88, 75% exposure.

No strategy retained at least 75% of buy-and-hold CAGR while reducing drawdown by both 20% relatively and 5 percentage points absolutely.

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=61, exitN=96
11.7%-24.1%0.880.487.5x1375%
EMA 크로스오버
fast=24, slow=158
11.6%-24.1%0.870.487.4x2372%
SMA 크로스오버
fast=49, slow=184
11.4%-25.1%0.870.457.2x1771%
ROC 모멘텀
n=141, threshold=-0.04
11.2%-29.6%0.820.387.0x6782%
Supertrend
period=17, mult=4.9
6.4%-32.8%0.560.193.1x5059%
볼린저 밴드 돌파
n=58, k=2.2
5.3%-18.8%0.510.282.6x6039%
Keltner 채널 돌파
emaPeriod=55, atrPeriod=25, mult=1.9
5.2%-27.6%0.490.192.5x8046%
Parabolic SAR
step=0.005, maxStep=0.22
4.2%-32.8%0.400.132.1x13654%
ADX / DI 방향성
period=33, threshold=8
4.6%-40.3%0.400.112.3x13673%
MACD
fast=19, slow=22, signal=11
3.5%-23.3%0.340.151.9x26351%
Buy and hold13.1%-27.9%0.860.479.5x1100%
1x 10x 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% -7% -14% -21% -28% 2009 2012 2015 2018 2021 2024 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -24.1% (2026-01-29 → 2026-03-23), prior peak not yet recovered.

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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