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Trend-Following Backtester · Guide · backtest 한국어

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TSE Mothers Core ETF backtest

10 trend-following strategies were compared on the full daily history of TSE Mothers Core ETF. 5 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 6.0%, MDD -34.8%).

Data 2011-11-25 ~ 2026-07-31daily bars 3,610 (14.7 years)Costs 0.5%Venue TSEMonthly snapshot 2026-07-31

Results by strategy

5 of 10 beat buy and hold (CAGR 5.6%, drawdown -68.1%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 6.0%, MDD -34.8%, Sharpe 0.42, 14% exposure.

CAGR reference leader: SMA 크로스오버 — CAGR 7.6%, MDD -53.4%, exposure 52%.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 0.4%p higher than buy and hold, while drawdown improves by 33.2%p (CAGR 6.0%, MDD -34.8%, exposure 14%).

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=52, k=3.2
6.0%-34.8%0.420.172.4x1814%
SMA 크로스오버
fast=16, slow=204
7.6%-53.4%0.410.142.9x3052%
Keltner 채널 돌파
emaPeriod=65, atrPeriod=21, mult=3.8
6.2%-37.3%0.410.172.4x2618%
Supertrend
period=31, mult=4.8
7.0%-60.6%0.400.112.7x4654%
ROC 모멘텀
n=204, threshold=0.19
6.0%-46.2%0.380.132.4x5626%
EMA 크로스오버
fast=35, slow=120
5.5%-60.8%0.340.092.2x3253%
Donchian 채널 돌파
entryN=123, exitN=39
4.4%-55.0%0.300.081.9x2634%
ADX / DI 방향성
period=19, threshold=15
3.6%-52.0%0.270.071.7x16235%
Parabolic SAR
step=0.01, maxStep=0.14
2.3%-59.4%0.220.041.4x19054%
MACD
fast=17, slow=55, signal=15
1.5%-62.9%0.180.021.2x16050%
Buy and hold5.6%-68.1%0.330.082.2x1100%
1x 2012 2014 2016 2018 2020 2022 2024 2026 SMA 크로스오버볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파 (Sharpe leader), SMA 크로스오버 (CAGR reference), Buy and hold.
0% -17% -34% -51% -68% 2012 2014 2016 2018 2020 2022 2024 2026 Buy and holdSMA 크로스오버볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -34.8% (2014-08-12 → 2024-03-12), prior peak not yet recovered.

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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