Trend-Following Backtester · Guide · backtest 한국어

equity · JP

Osaka Gas Co., Ltd. backtest

10 trend-following strategies were compared on the full daily history of Osaka Gas Co., Ltd.. 0 beat buy-and-hold CAGR; 볼린저 밴드 돌파 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 5.8%, drawdown -46.7%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 1.7%, MDD -13.8%, Sharpe 0.31, 5% exposure.

CAGR reference leader: ADX / DI 방향성 — CAGR 1.9%, MDD -47.0%, exposure 20%.

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
볼린저 밴드 돌파
n=29, k=3.5
1.7%-13.8%0.310.121.6x165%
ADX / DI 방향성
period=29, threshold=16
1.9%-47.0%0.220.041.7x11020%
Donchian 채널 돌파
entryN=23, exitN=126
1.8%-67.6%0.190.031.6x4584%
SMA 크로스오버
fast=44, slow=213
1.3%-64.6%0.160.021.4x5056%
EMA 크로스오버
fast=54, slow=298
0.8%-68.3%0.130.011.2x4356%
Keltner 채널 돌파
emaPeriod=27, atrPeriod=16, mult=4
0.5%-34.1%0.110.011.1x266%
ROC 모멘텀
n=146, threshold=0.13
0.5%-49.4%0.100.011.1x14220%
Supertrend
period=26, mult=4
-2.3%-74.0%-0.06-0.030.5x12653%
Parabolic SAR
step=0.005, maxStep=0.24
-3.4%-82.7%-0.11-0.040.4x22052%
MACD
fast=21, slow=25, signal=18
-5.7%-91.8%-0.28-0.060.2x35150%
Buy and hold5.8%-46.7%0.360.124.5x1100%
1x 2001 2005 2009 2013 2017 2021 2025 ADX / DI 방향성볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파 (Sharpe leader), ADX / DI 방향성 (CAGR reference), Buy and hold.
0% -12% -24% -35% -47% 2001 2005 2009 2013 2017 2021 2025 Buy and holdADX / DI 방향성볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -13.8% (2022-06-13 → 2025-11-04), 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 setupAll asset reports

Read next