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Trend-Following Backtester · Guide · backtest 한국어

equity · JP

Sansan, Inc. backtest

10 trend-following strategies were compared on the full daily history of Sansan, Inc.. 8 beat buy-and-hold CAGR; MACD ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is SMA 크로스오버 (CAGR 11.2%, MDD -43.6%).

Data 2019-06-19 ~ 2026-07-31daily bars 1,738 (7.1 years)Costs 0.5%Venue TSEMonthly snapshot 2026-07-31

Results by strategy

8 of 10 beat buy and hold (CAGR 5.4%, drawdown -77.4%).

Sharpe leader (same as main): MACD — CAGR 16.7%, MDD -55.9%, Sharpe 0.58, 50% exposure.

Return/drawdown alternative: SMA 크로스오버 — CAGR is 11.3%p higher than buy and hold, while drawdown improves by 21.5%p (CAGR 11.2%, MDD -43.6%, exposure 55%).

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
MACD
fast=17, slow=30, signal=7
16.7%-55.9%0.580.303.0x10950%
Donchian 채널 돌파
entryN=12, exitN=61
12.5%-49.4%0.490.252.3x2577%
SMA 크로스오버
fast=25, slow=151
11.2%-43.6%0.470.262.1x1555%
Supertrend
period=22, mult=2.6
9.7%-56.9%0.430.171.9x6349%
EMA 크로스오버
fast=49, slow=79
9.4%-53.9%0.430.171.9x1157%
Parabolic SAR
step=0.015, maxStep=0.28
8.7%-53.7%0.410.161.8x12151%
볼린저 밴드 돌파
n=17, k=1.5
8.1%-51.0%0.410.161.7x9336%
ROC 모멘텀
n=167, threshold=0.1
7.3%-49.1%0.380.151.7x5542%
Keltner 채널 돌파
emaPeriod=21, atrPeriod=23, mult=1.5
4.3%-55.1%0.290.081.3x6332%
ADX / DI 방향성
period=14, threshold=16
-1.2%-63.6%0.15-0.020.9x12541%
Buy and hold5.4%-77.4%0.370.071.4x1100%
1x 2020 2021 2022 2023 2024 2025 2026 MACDBuy and hold
MACD: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -19% -39% -58% -77% 2020 2021 2022 2023 2024 2025 2026 Buy and holdMACD
MACD maximum drawdown -55.9% (2024-07-17 → 2026-03-19), prior peak not yet recovered.

Rules of the top strategy

Looks at the gap (MACD) between a short and long average crossing its own signal line.

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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