Trend-Following Backtester · Guide · backtest 한국어

equity · JP

East Japan Railway Company backtest

10 trend-following strategies were compared on the full daily history of East Japan Railway Company. 0 beat buy-and-hold CAGR; ADX / DI 방향성 ranks first by Sharpe, matching the main backtester.

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

0 of 10 beat buy and hold (CAGR 2.6%, drawdown -58.3%).

Sharpe leader (same as main): ADX / DI 방향성 — CAGR 1.2%, MDD -8.4%, Sharpe 0.33, 1% exposure.

CAGR reference leader: EMA 크로스오버 — CAGR 1.2%, MDD -55.0%, exposure 52%.

No strategy retained at least 75% of buy-and-hold CAGR while reducing drawdown by both 20% relatively and 5 percentage points absolutely.

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
ADX / DI 방향성
period=27, threshold=36
1.2%-8.4%0.330.141.4x41%
EMA 크로스오버
fast=101, slow=184
1.2%-55.0%0.160.021.4x3252%
SMA 크로스오버
fast=52, slow=218
1.1%-55.0%0.150.021.4x4250%
볼린저 밴드 돌파
n=12, k=2.9
0.2%-7.8%0.100.031.1x101%
Donchian 채널 돌파
entryN=55, exitN=60
-1.2%-64.7%0.02-0.020.7x6157%
Keltner 채널 돌파
emaPeriod=76, atrPeriod=27, mult=4
-0.5%-42.0%0.01-0.010.9x5121%
ROC 모멘텀
n=108, threshold=0.14
-1.4%-40.7%-0.09-0.030.7x15615%
Supertrend
period=12, mult=3.3
-3.5%-75.6%-0.12-0.050.4x18152%
Parabolic SAR
step=0.005, maxStep=0.34
-4.7%-79.5%-0.20-0.060.3x21351%
MACD
fast=16, slow=34, signal=22
-5.1%-85.8%-0.22-0.060.3x30352%
Buy and hold2.6%-58.3%0.230.052.0x1100%
1x 2001 2005 2009 2013 2017 2021 2025 EMA 크로스오버ADX / DI 방향성Buy and hold
ADX / DI 방향성 (Sharpe leader), EMA 크로스오버 (CAGR reference), Buy and hold.
0% -15% -29% -44% -58% 2001 2005 2009 2013 2017 2021 2025 Buy and holdEMA 크로스오버ADX / DI 방향성
ADX / DI 방향성 maximum drawdown -8.4% (2013-03-21 → 2013-04-01), recovered after 14 days.

Rules of the top strategy

Looks at both the direction and the strength of the trend; holds only in a strong uptrend.

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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