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One ETF Nikkei225 backtest

10 trend-following strategies were compared on the full daily history of One ETF Nikkei225. 0 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester.

Data 2015-01-13 ~ 2026-07-31daily bars 2,843 (11.5 years)Costs 0.5%Venue TSEMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 12.2%, drawdown -31.8%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 6.7%, MDD -14.7%, Sharpe 0.75, 24% exposure.

CAGR reference leader: EMA 크로스오버 — CAGR 7.5%, MDD -26.0%, exposure 67%.

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=185, exitN=17
6.7%-14.7%0.750.452.1x2224%
볼린저 밴드 돌파
n=42, k=3.4
2.1%-5.8%0.560.361.3x45%
Keltner 채널 돌파
emaPeriod=35, atrPeriod=17, mult=3
5.2%-19.4%0.560.271.8x5032%
EMA 크로스오버
fast=23, slow=212
7.5%-26.0%0.550.292.3x1767%
SMA 크로스오버
fast=56, slow=192
7.5%-37.7%0.550.202.3x1961%
Supertrend
period=21, mult=4.6
6.8%-27.0%0.550.252.1x6062%
ROC 모멘텀
n=78, threshold=0.09
3.6%-18.8%0.400.191.5x7129%
ADX / DI 방향성
period=19, threshold=25
1.5%-17.6%0.250.091.2x3415%
Parabolic SAR
step=0.02, maxStep=0.38
-1.2%-39.1%-0.02-0.030.9x22859%
MACD
fast=9, slow=22, signal=12
-4.0%-49.5%-0.25-0.080.6x23851%
Buy and hold12.2%-31.8%0.670.383.8x1100%
1x 2016 2018 2020 2022 2024 2026 EMA 크로스오버Donchian 채널 돌파Buy and hold
Donchian 채널 돌파 (Sharpe leader), EMA 크로스오버 (CAGR reference), Buy and hold.
0% -8% -16% -24% -32% 2016 2018 2020 2022 2024 2026 Buy and holdEMA 크로스오버Donchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -14.7% (2024-03-22 → 2025-07-14), recovered after 563 days.

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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