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iFreeETF TOPIX (Yearly Dividend Type) backtest

10 trend-following strategies were compared on the full daily history of iFreeETF TOPIX (Yearly Dividend Type). 0 beat buy-and-hold CAGR; 볼린저 밴드 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is 볼린저 밴드 돌파 (CAGR 4.7%, MDD -14.8%).

Data 2008-01-04 ~ 2026-07-31daily bars 4,560 (18.6 years)Costs 0.5%Venue TSEMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 5.9%, drawdown -51.7%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 4.7%, MDD -14.8%, Sharpe 0.70, 18% exposure.

CAGR reference leader: SMA 크로스오버 — CAGR 5.6%, MDD -38.1%, exposure 58%.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 1.3%p lower than buy and hold, while drawdown improves by 36.9%p (CAGR 4.7%, MDD -14.8%, exposure 18%).

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
볼린저 밴드 돌파
n=53, k=2.7
4.7%-14.8%0.700.312.3x2218%
Keltner 채널 돌파
emaPeriod=40, atrPeriod=23, mult=3
4.2%-19.4%0.520.222.2x6630%
SMA 크로스오버
fast=63, slow=183
5.6%-38.1%0.440.152.7x2958%
Donchian 채널 돌파
entryN=112, exitN=76
4.8%-37.2%0.440.132.4x2351%
EMA 크로스오버
fast=38, slow=218
4.1%-36.1%0.350.112.1x2960%
ADX / DI 방향성
period=23, threshold=22
1.5%-10.2%0.290.151.3x5013%
Supertrend
period=7, mult=4.8
2.3%-26.9%0.260.091.5x8150%
ROC 모멘텀
n=134, threshold=0.07
1.4%-41.6%0.180.031.3x10739%
Parabolic SAR
step=0.005, maxStep=0.3
-3.2%-49.8%-0.18-0.060.5x17057%
MACD
fast=19, slow=40, signal=19
-3.7%-56.7%-0.23-0.060.5x22252%
Buy and hold5.9%-51.7%0.380.112.9x1100%
1x 2009 2012 2015 2018 2021 2024 SMA 크로스오버볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파 (Sharpe leader), SMA 크로스오버 (CAGR reference), Buy and hold.
0% -13% -26% -39% -52% 2009 2012 2015 2018 2021 2024 Buy and holdSMA 크로스오버볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -14.8% (2013-05-22 → 2015-02-20), recovered after 1,625 days.

Rules of the top strategy

Breaking above the upper band (average plus a multiple of volatility) signals a strong move up.

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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