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Trend-Following Backtester · Guide · backtest 한국어

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MAXIS Global Equity MSCI Kokusai ETF backtest

10 trend-following strategies were compared on the full daily history of MAXIS Global Equity MSCI Kokusai ETF. 0 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Donchian 채널 돌파 (CAGR 11.9%, MDD -17.6%).

Data 2010-11-19 ~ 2026-07-31daily bars 3,858 (15.7 years)Costs 0.5%Venue TSEMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 14.2%, drawdown -35.9%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 11.9%, MDD -17.6%, Sharpe 0.93, 79% exposure.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 2.3%p lower than buy and hold, while drawdown improves by 18.2%p (CAGR 11.9%, MDD -17.6%, exposure 79%).

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=31, exitN=58
11.9%-17.6%0.930.675.8x3179%
ROC 모멘텀
n=208, threshold=-0.04
11.6%-22.4%0.870.525.6x3982%
SMA 크로스오버
fast=28, slow=132
9.7%-31.6%0.780.314.3x2771%
EMA 크로스오버
fast=7, slow=132
9.2%-34.8%0.770.264.0x4373%
Supertrend
period=15, mult=5
7.3%-24.0%0.680.303.0x7566%
볼린저 밴드 돌파
n=54, k=1.3
5.5%-22.7%0.570.242.3x8557%
Keltner 채널 돌파
emaPeriod=40, atrPeriod=19, mult=3.7
3.5%-21.7%0.450.161.7x6738%
Parabolic SAR
step=0.015, maxStep=0.16
4.3%-20.6%0.440.211.9x25063%
ADX / DI 방향성
period=39, threshold=14
0.3%-30.0%0.080.011.0x6624%
MACD
fast=18, slow=40, signal=14
0.2%-32.8%0.080.011.0x21251%
Buy and hold14.2%-35.9%0.840.408.0x1100%
1x 2011 2013 2015 2017 2019 2021 2023 2025 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -9% -18% -27% -36% 2011 2013 2015 2017 2019 2021 2023 2025 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -17.6% (2015-06-02 → 2016-11-11), recovered after 770 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 setupMore JP assetsAll asset reports

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