Trend-Following Backtester · Guide · backtest 한국어

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KODEX 종합채권(AA-이상)액티브 backtest

10 trend-following strategies were compared on the full daily history of KODEX 종합채권(AA-이상)액티브. 5 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Donchian 채널 돌파 (CAGR 1.8%, MDD -3.8%).

Data 2017-06-29 ~ 2026-07-31daily bars 2,196 (9.1 years)Costs 0.5%Venue XKRXMonthly snapshot 2026-07-31

Results by strategy

5 of 10 beat buy and hold (CAGR 1.0%, drawdown -13.2%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 1.8%, MDD -3.8%, Sharpe 1.04, 45% exposure.

CAGR reference leader: SMA 크로스오버 — CAGR 2.1%, MDD -4.1%, exposure 60%.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 0.8%p higher than buy and hold, while drawdown improves by 9.4%p (CAGR 1.8%, MDD -3.8%, exposure 45%).

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=104, exitN=57
1.8%-3.8%1.040.481.2x645%
SMA 크로스오버
fast=8, slow=187
2.1%-4.1%0.930.501.2x860%
EMA 크로스오버
fast=17, slow=154
1.9%-4.3%0.830.441.2x862%
Keltner 채널 돌파
emaPeriod=52, atrPeriod=25, mult=4
1.2%-4.3%0.770.281.1x1032%
ROC 모멘텀
n=147, threshold=-0.03
1.8%-5.9%0.720.311.2x1078%
볼린저 밴드 돌파
n=54, k=2.7
0.7%-5.7%0.550.131.1x1026%
Supertrend
period=25, mult=4.9
0.7%-7.5%0.320.091.1x2653%
ADX / DI 방향성
period=33, threshold=15
0.1%-16.6%0.070.011.0x3047%
Parabolic SAR
step=0.005, maxStep=0.2
-2.7%-22.3%-1.08-0.120.8x7454%
MACD
fast=11, slow=70, signal=23
-2.9%-23.9%-1.19-0.120.8x7946%
Buy and hold1.0%-13.2%0.350.081.1x1100%
1x 2018 2020 2022 2024 2026 SMA 크로스오버Donchian 채널 돌파Buy and hold
Donchian 채널 돌파 (Sharpe leader), SMA 크로스오버 (CAGR reference), Buy and hold.
0% -3% -7% -10% -13% 2018 2020 2022 2024 2026 Buy and holdSMA 크로스오버Donchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -3.8% (2019-08-19 → 2020-03-23), recovered after 1,592 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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