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Trend-Following Backtester · Guide · backtest 한국어

equity · IN

UFlex Limited backtest

10 trend-following strategies were compared on the full daily history of UFlex Limited. 8 beat buy-and-hold CAGR; Keltner 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Keltner 채널 돌파 (CAGR 19.1%, MDD -43.4%).

Data 2002-07-01 ~ 2026-07-31daily bars 5,980 (24.1 years)Costs 0.5%Venue NSEMonthly snapshot 2026-07-31

Results by strategy

8 of 10 beat buy and hold (CAGR 12.9%, drawdown -84.8%).

Sharpe leader (same as main): Keltner 채널 돌파 — CAGR 19.1%, MDD -43.4%, Sharpe 0.72, 39% exposure.

CAGR reference leader: EMA 크로스오버 — CAGR 19.5%, MDD -58.7%, exposure 50%.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 6.2%p higher than buy and hold, while drawdown improves by 41.5%p (CAGR 19.1%, MDD -43.4%, exposure 39%).

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
Keltner 채널 돌파
emaPeriod=52, atrPeriod=9, mult=1.7
19.1%-43.4%0.720.4467.5x11739%
EMA 크로스오버
fast=8, slow=29
19.5%-58.7%0.700.3373.1x18350%
볼린저 밴드 돌파
n=53, k=1
18.7%-51.7%0.700.3661.5x13942%
ADX / DI 방향성
period=32, threshold=15
16.8%-51.6%0.660.3342.2x10539%
SMA 크로스오버
fast=36, slow=101
17.6%-65.9%0.640.2750.1x5351%
ROC 모멘텀
n=76, threshold=-0.01
17.1%-63.0%0.630.2744.9x21154%
Donchian 채널 돌파
entryN=100, exitN=67
15.1%-64.0%0.590.2429.5x2748%
MACD
fast=5, slow=40, signal=18
13.9%-56.9%0.550.2422.9x41349%
Supertrend
period=22, mult=3.2
11.9%-61.2%0.500.1914.9x13548%
Parabolic SAR
step=0.025, maxStep=0.12
10.4%-67.4%0.460.1510.8x50349%
Buy and hold12.9%-84.8%0.490.1518.4x1100%
1x 10x 100x 2003 2006 2009 2012 2015 2018 2021 2024 EMA 크로스오버Keltner 채널 돌파Buy and hold
Keltner 채널 돌파 (Sharpe leader), EMA 크로스오버 (CAGR reference), Buy and hold.
0% -21% -42% -64% -85% 2003 2006 2009 2012 2015 2018 2021 2024 Buy and holdEMA 크로스오버Keltner 채널 돌파
Keltner 채널 돌파 maximum drawdown -43.4% (2017-07-26 → 2020-03-02), recovered after 1,121 days.

Rules of the top strategy

Breaking above the channel top (average plus a multiple of volatility) signals an upside breakout.

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.
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