Trend-Following Backtester · Guide · backtest 한국어

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코스맥스 backtest

10 trend-following strategies were compared on the full daily history of 코스맥스. 0 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is SMA 크로스오버 (CAGR 8.3%, MDD -50.2%).

Data 2014-04-07 ~ 2026-07-31daily bars 3,018 (12.3 years)Costs 0.5%Venue XKRXMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 8.9%, drawdown -80.9%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 8.4%, MDD -59.6%, Sharpe 0.41, 73% exposure.

Return/drawdown alternative: SMA 크로스오버 — CAGR is 0.5%p lower than buy and hold, while drawdown improves by 21.3%p (CAGR 8.3%, MDD -50.2%, exposure 51%).

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=14, exitN=41
8.4%-59.6%0.410.142.7x5173%
SMA 크로스오버
fast=37, slow=89
8.3%-50.2%0.410.162.7x3651%
EMA 크로스오버
fast=59, slow=80
4.7%-60.0%0.310.081.8x2854%
MACD
fast=19, slow=37, signal=17
4.5%-74.7%0.300.061.7x13752%
Supertrend
period=16, mult=2.1
4.0%-75.5%0.290.051.6x12553%
ROC 모멘텀
n=149, threshold=-0.02
3.8%-64.6%0.290.061.6x7755%
Keltner 채널 돌파
emaPeriod=15, atrPeriod=20, mult=2.8
2.9%-49.9%0.280.061.4x228%
ADX / DI 방향성
period=29, threshold=22
0.9%-49.1%0.150.021.1x4217%
Parabolic SAR
step=0.03, maxStep=0.2
-1.3%-75.8%0.13-0.020.9x31353%
볼린저 밴드 돌파
n=44, k=2.5
-0.6%-67.0%0.10-0.010.9x4425%
Buy and hold8.9%-80.9%0.420.112.8x1100%
1x 2015 2017 2019 2021 2023 2025 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -20% -40% -61% -81% 2015 2017 2019 2021 2023 2025 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -59.6% (2015-07-02 → 2020-03-23), recovered after 2,961 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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