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Trend-Following Backtester · Guide · backtest 한국어

etf · JP

iFreeETF TOPIX Leveraged (2x) Index Units 2014-Without Fixed maturity backtest

10 trend-following strategies were compared on the full daily history of iFreeETF TOPIX Leveraged (2x) Index Units 2014-Without Fixed maturity. 6 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 8.4%, MDD -16.2%).

Data 2014-12-30 ~ 2026-07-31daily bars 2,849 (11.6 years)Costs 0.5%Venue TSEMonthly snapshot 2026-07-31

Results by strategy

6 of 10 beat buy and hold (CAGR -10.1%, drawdown -96.4%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 8.4%, MDD -16.2%, Sharpe 0.74, 16% exposure.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 18.5%p higher than buy and hold, while drawdown improves by 80.3%p (CAGR 8.4%, MDD -16.2%, exposure 16%).

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=45, k=3
8.4%-16.2%0.740.522.5x1216%
Keltner 채널 돌파
emaPeriod=46, atrPeriod=8, mult=3.1
8.1%-34.1%0.580.242.5x4234%
Supertrend
period=8, mult=3.9
7.9%-40.8%0.470.192.4x6456%
SMA 크로스오버
fast=33, slow=60
7.7%-53.6%0.420.142.4x5762%
ADX / DI 방향성
period=21, threshold=20
3.6%-24.9%0.340.141.5x4819%
Donchian 채널 돌파
entryN=110, exitN=35
3.2%-51.9%0.260.061.4x2641%
EMA 크로스오버
fast=58, slow=82
-17.4%-96.3%0.10-0.180.1x2261%
ROC 모멘텀
n=122, threshold=0.14
-18.6%-96.4%0.02-0.190.1x8439%
Parabolic SAR
step=0.02, maxStep=0.26
-21.7%-96.7%-0.07-0.220.1x23459%
MACD
fast=17, slow=58, signal=17
-25.1%-98.0%-0.20-0.260.0x12951%
Buy and hold-10.1%-96.4%0.34-0.100.3x1100%
1x 2015 2017 2019 2021 2023 2025 볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -24% -48% -72% -96% 2015 2017 2019 2021 2023 2025 Buy and hold볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -16.2% (2024-03-22 → 2025-07-29), recovered after 552 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.
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