Trend-Following Backtester · Guide · backtest 한국어

equity · JP

Nifco Inc. backtest

10 trend-following strategies were compared on the full daily history of Nifco Inc.. 0 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 9.2%, MDD -42.7%).

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

0 of 10 beat buy and hold (CAGR 9.3%, drawdown -76.1%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 9.2%, MDD -42.7%, Sharpe 0.47, 86% exposure.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 0.1%p lower than buy and hold, while drawdown improves by 33.3%p (CAGR 9.2%, MDD -42.7%, exposure 86%).

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=12, exitN=70
9.2%-42.7%0.470.219.4x7586%
ROC 모멘텀
Hold-like · Exposure 97%
n=4, threshold=-0.07
7.4%-69.6%0.390.116.2x17197%
볼린저 밴드 돌파
n=72, k=2.7
3.7%-28.2%0.330.132.5x4526%
EMA 크로스오버
fast=58, slow=284
4.2%-64.4%0.300.072.9x2770%
SMA 크로스오버
fast=39, slow=186
3.0%-56.5%0.240.052.1x4562%
Supertrend
period=13, mult=5
1.9%-64.0%0.200.031.6x8958%
ADX / DI 방향성
period=36, threshold=22
1.1%-18.9%0.190.061.3x246%
Keltner 채널 돌파
emaPeriod=44, atrPeriod=9, mult=4
1.0%-39.1%0.140.021.3x5316%
MACD
fast=11, slow=29, signal=10
-3.4%-72.9%-0.06-0.050.4x46951%
Parabolic SAR
step=0.015, maxStep=0.18
-3.9%-79.9%-0.09-0.050.4x45354%
Buy and hold9.3%-76.1%0.450.129.7x1100%
1x 10x 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% -19% -38% -57% -76% 2002 2006 2010 2014 2018 2022 2026 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -42.7% (2007-02-23 → 2009-02-18), recovered after 887 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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