Trend-Following Backtester · Guide · backtest 한국어

equity · JP

Meiji Holdings Co., Ltd. backtest

10 trend-following strategies were compared on the full daily history of Meiji Holdings Co., Ltd.. 0 beat buy-and-hold CAGR; EMA 크로스오버 ranks first by Sharpe, matching the main backtester.

Data 2000-01-04 ~ 2026-07-31daily bars 6,632 (26.6 years)Costs 0.5%Venue TSEMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 6.1%, drawdown -85.3%).

Sharpe leader (same as main): EMA 크로스오버 — CAGR 4.3%, MDD -68.0%, Sharpe 0.32, 51% exposure.

CAGR reference leader: ROC 모멘텀 — CAGR 4.9%, MDD -87.5%, exposure 100%. It is hold-like at 95%+ exposure and is not used as the featured strategy.

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
EMA 크로스오버
fast=44, slow=266
4.3%-68.0%0.320.063.0x3551%
SMA 크로스오버
fast=19, slow=287
4.0%-66.2%0.300.062.8x5351%
ROC 모멘텀
Hold-like · Exposure 100%
n=1, threshold=-0.12
4.9%-87.5%0.300.063.6x7100%
ADX / DI 방향성
period=48, threshold=30
1.1%-15.0%0.300.071.3x21%
Donchian 채널 돌파
entryN=110, exitN=9
1.6%-46.7%0.210.031.5x8016%
Supertrend
period=18, mult=3.7
2.1%-53.6%0.200.041.7x13147%
Parabolic SAR
step=0.01, maxStep=0.02
1.9%-64.4%0.200.031.7x14753%
볼린저 밴드 돌파
n=24, k=2.8
1.1%-42.9%0.150.021.3x6811%
Keltner 채널 돌파
emaPeriod=33, atrPeriod=28, mult=1.9
0.6%-60.3%0.110.011.2x15933%
MACD
fast=17, slow=38, signal=24
-0.4%-59.8%0.06-0.010.9x27951%
Buy and hold6.1%-85.3%0.330.074.8x1100%
1x 2001 2005 2009 2013 2017 2021 2025 ROC 모멘텀EMA 크로스오버Buy and hold
EMA 크로스오버 (Sharpe leader), ROC 모멘텀 (CAGR reference), Buy and hold.
0% -22% -44% -66% -87% 2001 2005 2009 2013 2017 2021 2025 Buy and holdROC 모멘텀EMA 크로스오버
EMA 크로스오버 maximum drawdown -68.0% (2016-07-20 → 2025-12-22), prior peak not yet recovered.

Rules of the top strategy

Uses two exponential averages (more weight on recent prices) and trades their crossover.

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

Read next