Trend-Following Backtester · Guide · backtest 한국어

equity · JP

Kyushu Electric Power Company,Incorporated backtest

10 trend-following strategies were compared on the full daily history of Kyushu Electric Power Company,Incorporated. 7 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ADX / DI 방향성 (CAGR 0.6%, MDD -14.5%).

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

7 of 10 beat buy and hold (CAGR 0.4%, drawdown -87.2%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 2.4%, MDD -32.6%, Sharpe 0.25, 20% exposure.

CAGR reference leader: EMA 크로스오버 — CAGR 2.5%, MDD -49.8%, exposure 45%.

Return/drawdown alternative: ADX / DI 방향성 — CAGR is 2.0%p higher than buy and hold, while drawdown improves by 54.6%p (CAGR 0.6%, MDD -14.5%, exposure 1%).

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=92, exitN=17
2.4%-32.6%0.250.071.9x6420%
볼린저 밴드 돌파
n=37, k=3.4
1.7%-27.3%0.250.061.5x165%
EMA 크로스오버
fast=20, slow=192
2.5%-49.8%0.230.051.9x4945%
SMA 크로스오버
fast=52, slow=91
2.4%-55.5%0.220.041.8x7249%
ROC 모멘텀
n=136, threshold=0.14
1.8%-32.9%0.190.061.6x9020%
ADX / DI 방향성
period=39, threshold=32
0.6%-14.5%0.170.041.2x61%
Keltner 채널 돌파
emaPeriod=34, atrPeriod=9, mult=3.5
0.4%-37.0%0.100.011.1x6213%
Supertrend
period=13, mult=4.5
-1.0%-73.1%0.04-0.010.8x11350%
Parabolic SAR
step=0.01, maxStep=0.16
-3.4%-81.4%-0.09-0.040.4x32749%
MACD
fast=10, slow=49, signal=19
-5.5%-83.1%-0.20-0.070.2x35350%
Buy and hold0.4%-87.2%0.150.001.1x1100%
1x 2002 2006 2010 2014 2018 2022 2026 EMA 크로스오버Donchian 채널 돌파Buy and hold
Donchian 채널 돌파 (Sharpe leader), EMA 크로스오버 (CAGR reference), Buy and hold.
0% -22% -44% -65% -87% 2002 2006 2010 2014 2018 2022 2026 Buy and holdEMA 크로스오버Donchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -32.6% (2001-07-06 → 2012-02-27), recovered after 4,301 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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