SleepWell Trade

Trend-Following Backtester · Guide · backtest 한국어

equity · JP

Matsui Securities Co., Ltd. backtest

10 trend-following strategies were compared on the full daily history of Matsui Securities Co., Ltd.. 8 beat buy-and-hold CAGR; 볼린저 밴드 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Keltner 채널 돌파 (CAGR 7.5%, MDD -31.2%).

Data 2001-08-01 ~ 2026-07-31daily bars 6,221 (25.0 years)Costs 0.5%Venue TSEMonthly snapshot 2026-07-31

Results by strategy

8 of 10 beat buy and hold (CAGR 2.9%, drawdown -83.0%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 8.0%, MDD -40.7%, Sharpe 0.57, 16% exposure.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 5.1%p higher than buy and hold, while drawdown improves by 42.3%p (CAGR 7.5%, MDD -31.2%, exposure 19%).

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
볼린저 밴드 돌파
n=13, k=2.4
8.0%-40.7%0.570.206.8x16016%
Keltner 채널 돌파
emaPeriod=12, atrPeriod=11, mult=1.9
7.5%-31.2%0.530.246.0x16819%
Donchian 채널 돌파
entryN=30, exitN=8
6.0%-41.9%0.420.144.3x16228%
Parabolic SAR
step=0.01, maxStep=0.16
6.3%-61.8%0.380.104.6x30051%
Supertrend
period=9, mult=5
4.4%-67.6%0.300.062.9x10548%
ADX / DI 방향성
period=32, threshold=13
4.1%-54.4%0.300.072.7x18532%
MACD
fast=15, slow=36, signal=20
3.4%-56.0%0.260.062.3x28951%
ROC 모멘텀
n=77, threshold=0.2
2.9%-48.1%0.260.062.1x13214%
EMA 크로스오버
fast=48, slow=239
1.8%-77.9%0.190.021.5x3343%
SMA 크로스오버
fast=16, slow=25
0.7%-62.2%0.150.011.2x28949%
Buy and hold2.9%-83.0%0.260.042.0x1100%
1x 10x 2002 2006 2010 2014 2018 2022 2026 볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -21% -41% -62% -83% 2002 2006 2010 2014 2018 2022 2026 Buy and hold볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -40.7% (2013-12-30 → 2026-07-09), prior peak not yet recovered.

Rules of the top strategy

Breaking above the upper band (average plus a multiple of volatility) signals a strong move up.

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

Read next