Trend-Following Backtester · Guide · backtest 한국어

equity · KR

에스에이엠티 backtest

10 trend-following strategies were compared on the full daily history of 에스에이엠티. 9 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 4.3%, MDD -23.2%).

Data 2000-05-24 ~ 2026-07-31daily bars 6,543 (26.2 years)Costs 0.5%Venue XKOSMonthly snapshot 2026-07-31

Results by strategy

9 of 10 beat buy and hold (CAGR -0.7%, drawdown -97.2%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 7.7%, MDD -72.0%, Sharpe 0.38, 61% exposure.

Return/drawdown alternative: ADX / DI 방향성 — CAGR is 8.4%p higher than buy and hold, while drawdown improves by 25.1%p (CAGR 4.3%, MDD -23.2%, exposure 3%).

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=32, exitN=59
7.7%-72.0%0.380.117.0x6161%
SMA 크로스오버
fast=27, slow=119
7.7%-69.8%0.380.116.9x5949%
Supertrend
period=8, mult=4.5
7.1%-67.2%0.370.116.0x7254%
EMA 크로스오버
fast=39, slow=80
7.1%-76.4%0.370.096.1x6147%
ADX / DI 방향성
period=29, threshold=36
4.3%-23.2%0.340.193.0x103%
볼린저 밴드 돌파
n=56, k=2.8
3.9%-75.0%0.280.052.7x6423%
ROC 모멘텀
n=65, threshold=-0.01
2.5%-79.6%0.260.031.9x31952%
Keltner 채널 돌파
emaPeriod=59, atrPeriod=17, mult=4
1.9%-70.6%0.210.031.7x4618%
MACD
fast=17, slow=26, signal=18
-0.2%-75.9%0.19-0.000.9x29450%
Parabolic SAR
step=0.015, maxStep=0.24
-4.5%-94.2%0.08-0.050.3x42247%
Buy and hold-0.7%-97.2%0.26-0.010.8x1100%
0.1 1x 10x 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% -24% -49% -73% -97% 2001 2005 2009 2013 2017 2021 2025 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -72.0% (2013-03-07 → 2020-05-15), recovered after 4,732 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

Read next