Trend-Following Backtester · Guide · backtest 한국어

equity · JP

Zensho Holdings Co., Ltd. backtest

10 trend-following strategies were compared on the full daily history of Zensho Holdings Co., Ltd.. 0 beat buy-and-hold CAGR; Supertrend ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Supertrend (CAGR 16.2%, MDD -53.3%).

Data 2001-01-05 ~ 2026-07-31daily bars 6,369 (25.6 years)Costs 0.5%Venue TSEMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 19.2%, drawdown -83.1%).

Sharpe leader (same as main): Supertrend — CAGR 16.2%, MDD -53.3%, Sharpe 0.77, 54% exposure.

Return/drawdown alternative: Supertrend — CAGR is 2.9%p lower than buy and hold, while drawdown improves by 29.7%p (CAGR 16.2%, MDD -53.3%, exposure 54%).

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
Supertrend
period=12, mult=3.5
16.2%-53.3%0.770.3046.6x18554%
Donchian 채널 돌파
entryN=49, exitN=6
10.7%-45.9%0.730.2313.3x15124%
SMA 크로스오버
fast=58, slow=217
15.3%-52.4%0.720.2937.7x2664%
EMA 크로스오버
fast=72, slow=138
15.3%-52.7%0.700.2938.3x3067%
볼린저 밴드 돌파
n=20, k=1.4
12.5%-60.0%0.670.2120.1x31341%
Keltner 채널 돌파
emaPeriod=30, atrPeriod=16, mult=2.6
11.1%-50.4%0.650.2214.7x14132%
MACD
fast=13, slow=33, signal=18
12.7%-51.1%0.640.2521.3x32951%
ROC 모멘텀
n=138, threshold=-0.02
13.5%-48.5%0.630.2825.5x19366%
Parabolic SAR
step=0.01, maxStep=0.24
12.8%-58.5%0.630.2221.9x30953%
ADX / DI 방향성
period=31, threshold=33
5.5%-34.6%0.530.163.9x208%
Buy and hold19.2%-83.1%0.700.2388.2x1100%
1x 10x 2002 2006 2010 2014 2018 2022 2026 SupertrendBuy and hold
Supertrend: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -21% -42% -62% -83% 2002 2006 2010 2014 2018 2022 2026 Buy and holdSupertrend
Supertrend maximum drawdown -53.3% (2005-12-29 → 2008-03-27), recovered after 1,959 days.

Rules of the top strategy

Trades the direction of a volatility-based trend line that trails below/above price.

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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