Trend-Following Backtester · Guide · backtest 한국어

equity · JP

AEON Co., Ltd. backtest

10 trend-following strategies were compared on the full daily history of AEON Co., 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 7.5%, MDD -38.2%).

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

3 of 10 beat buy and hold (CAGR 5.8%, drawdown -83.0%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 7.5%, MDD -38.2%, Sharpe 0.49, 41% exposure.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 1.8%p higher than buy and hold, while drawdown improves by 44.8%p (CAGR 7.5%, MDD -38.2%, exposure 41%).

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=56, exitN=29
7.5%-38.2%0.490.206.9x7241%
Supertrend
period=16, mult=4.9
7.1%-46.2%0.430.156.2x9452%
SMA 크로스오버
fast=25, slow=210
6.5%-51.9%0.400.135.4x3457%
볼린저 밴드 돌파
n=45, k=3
3.7%-41.0%0.370.092.6x5017%
EMA 크로스오버
fast=13, slow=53
5.0%-44.5%0.340.113.7x13255%
Keltner 채널 돌파
emaPeriod=58, atrPeriod=15, mult=3.5
2.8%-49.4%0.250.062.1x8831%
ROC 모멘텀
n=65, threshold=-0.02
2.9%-55.5%0.240.052.1x30659%
MACD
fast=12, slow=49, signal=26
2.6%-55.1%0.230.052.0x27351%
ADX / DI 방향성
period=33, threshold=35
0.7%-21.3%0.180.031.2x62%
Parabolic SAR
step=0.02, maxStep=0.08
1.2%-57.1%0.160.021.4x44352%
Buy and hold5.8%-83.0%0.340.074.4x1100%
1x 2001 2005 2009 2013 2017 2021 2025 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -21% -42% -62% -83% 2001 2005 2009 2013 2017 2021 2025 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -38.2% (2001-05-01 → 2002-04-19), recovered after 1,091 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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