Trend-Following Backtester · Guide · backtest 한국어

equity · JP

Isetan Mitsukoshi Holdings Ltd. backtest

10 trend-following strategies were compared on the full daily history of Isetan Mitsukoshi Holdings Ltd.. 3 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 8.0%, MDD -49.1%).

Data 2001-01-01 ~ 2026-07-31daily bars 6,373 (25.6 years)Costs 0.5%Venue TSEMonthly snapshot 2026-07-31

Results by strategy

3 of 10 beat buy and hold (CAGR 4.3%, drawdown -82.2%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 8.0%, MDD -49.1%, Sharpe 0.50, 32% exposure.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 3.7%p higher than buy and hold, while drawdown improves by 33.1%p (CAGR 8.0%, MDD -49.1%, exposure 32%).

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=113, exitN=37
8.0%-49.1%0.500.167.2x4132%
SMA 크로스오버
fast=43, slow=212
5.3%-70.6%0.340.083.8x3550%
ADX / DI 방향성
period=22, threshold=36
2.1%-18.2%0.330.111.7x123%
EMA 크로스오버
fast=17, slow=45
4.3%-61.9%0.300.073.0x12355%
볼린저 밴드 돌파
n=18, k=3.1
1.8%-21.6%0.280.081.6x203%
ROC 모멘텀
n=82, threshold=-0.04
3.5%-71.1%0.260.052.4x22761%
Keltner 채널 돌파
emaPeriod=34, atrPeriod=19, mult=3.6
2.6%-35.4%0.260.071.9x7017%
Supertrend
period=11, mult=3.4
3.1%-61.3%0.250.052.2x17654%
MACD
fast=14, slow=35, signal=17
1.1%-64.3%0.170.021.3x31853%
Parabolic SAR
step=0.005, maxStep=0.18
-0.1%-80.3%0.12-0.001.0x21054%
Buy and hold4.3%-82.2%0.300.053.0x1100%
1x 2002 2006 2010 2014 2018 2022 2026 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -21% -41% -62% -82% 2002 2006 2010 2014 2018 2022 2026 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -49.1% (2006-01-09 → 2013-01-23), recovered after 3,355 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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