Trend-Following Backtester · Guide · backtest 한국어

equity · QA

Doha Bank backtest

10 trend-following strategies were compared on the full daily history of Doha Bank. 10 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 0.2%, MDD -12.5%).

Data 2010-02-22 ~ 2026-07-30daily bars 4,116 (16.4 years)Costs 0.5%Venue QSEMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR -3.0%, drawdown -79.1%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 2.6%, MDD -42.5%, Sharpe 0.24, 41% exposure.

Return/drawdown alternative: ADX / DI 방향성 — CAGR is 5.6%p higher than buy and hold, while drawdown improves by 36.5%p (CAGR 0.2%, MDD -12.5%, exposure 2%).

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=55, exitN=37
2.6%-42.5%0.240.061.5x3441%
EMA 크로스오버
fast=7, slow=78
2.3%-56.3%0.220.041.4x6344%
Keltner 채널 돌파
emaPeriod=29, atrPeriod=19, mult=4
1.4%-21.9%0.190.061.3x3214%
볼린저 밴드 돌파
n=31, k=2.4
1.3%-32.5%0.160.041.2x6824%
ADX / DI 방향성
period=40, threshold=31
0.2%-12.5%0.090.021.0x42%
Supertrend
period=10, mult=3.2
-0.1%-59.7%0.08-0.001.0x10148%
Parabolic SAR
step=0.005, maxStep=0.36
-0.8%-66.3%0.04-0.010.9x11350%
ROC 모멘텀
n=135, threshold=0.02
-0.6%-56.1%0.04-0.010.9x10838%
SMA 크로스오버
fast=27, slow=159
-1.2%-62.1%0.01-0.020.8x2941%
MACD
fast=13, slow=27, signal=19
-1.3%-65.8%0.00-0.020.8x20251%
Buy and hold-3.0%-79.1%-0.00-0.040.6x1100%
1x 2011 2013 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% -59% -79% 2011 2013 2015 2017 2019 2021 2023 2025 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -42.5% (2014-02-20 → 2021-02-24), recovered after 4,322 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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