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Trend-Following Backtester · Guide · backtest 한국어

equity · IN

Usha Martin Limited backtest

10 trend-following strategies were compared on the full daily history of Usha Martin Limited. 5 beat buy-and-hold CAGR; SMA 크로스오버 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is 볼린저 밴드 돌파 (CAGR 21.1%, MDD -51.4%).

Data 2002-01-01 ~ 2026-07-31daily bars 6,113 (24.6 years)Costs 0.5%Venue NSEMonthly snapshot 2026-07-31

Results by strategy

5 of 10 beat buy and hold (CAGR 20.7%, drawdown -95.4%).

Sharpe leader (same as main): SMA 크로스오버 — CAGR 25.9%, MDD -60.4%, Sharpe 0.76, 59% exposure.

CAGR reference leader: Donchian 채널 돌파 — CAGR 26.0%, MDD -69.0%, exposure 75%.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 5.2%p higher than buy and hold, while drawdown improves by 35.0%p (CAGR 21.1%, MDD -51.4%, exposure 38%).

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=49, slow=206
25.9%-60.4%0.760.43287.9x2359%
Donchian 채널 돌파
entryN=29, exitN=74
26.0%-69.0%0.740.38291.0x3975%
볼린저 밴드 돌파
n=26, k=1.6
21.1%-51.4%0.720.41110.4x20838%
ROC 모멘텀
n=136, threshold=-0.01
22.1%-59.4%0.690.37136.4x16161%
EMA 크로스오버
fast=31, slow=97
21.8%-54.9%0.680.40127.3x5560%
MACD
fast=27, slow=68, signal=18
20.4%-66.0%0.670.3195.4x19049%
Supertrend
period=12, mult=1.8
19.4%-64.9%0.660.3078.3x25148%
ADX / DI 방향성
period=10, threshold=25
17.2%-65.0%0.630.2749.7x34440%
Parabolic SAR
step=0.005, maxStep=0.14
14.3%-68.6%0.540.2126.9x19350%
Keltner 채널 돌파
emaPeriod=39, atrPeriod=8, mult=1.3
13.0%-63.2%0.520.2120.2x17941%
Buy and hold20.7%-95.4%0.620.22102.6x1100%
1x 10x 100x 2003 2006 2009 2012 2015 2018 2021 2024 Donchian 채널 돌파SMA 크로스오버Buy and hold
SMA 크로스오버 (Sharpe leader), Donchian 채널 돌파 (CAGR reference), Buy and hold.
0% -24% -48% -72% -95% 2003 2006 2009 2012 2015 2018 2021 2024 Buy and holdDonchian 채널 돌파SMA 크로스오버
SMA 크로스오버 maximum drawdown -60.4% (2010-04-07 → 2014-10-10), recovered after 2,837 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.
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