Trend-Following Backtester · Guide · backtest 한국어

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Amova-StraitsTrading Asia ex Japan REIT Index ETF NikkoAM StraitsTrading Asia ex Japan REIT backtest

10 trend-following strategies were compared on the full daily history of Amova-StraitsTrading Asia ex Japan REIT Index ETF NikkoAM StraitsTrading Asia ex Japan REIT. 9 beat buy-and-hold CAGR; ADX / DI 방향성 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Keltner 채널 돌파 (CAGR 0.2%, MDD -4.7%).

Data 2017-03-28 ~ 2026-07-31daily bars 2,350 (9.3 years)Costs 0.5%Venue SGXMonthly snapshot 2026-07-31

Results by strategy

9 of 10 beat buy and hold (CAGR -2.4%, drawdown -46.3%).

Sharpe leader (same as main): ADX / DI 방향성 — CAGR 0.4%, MDD -13.8%, Sharpe 0.12, 22% exposure.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 2.9%p higher than buy and hold, while drawdown improves by 32.5%p (CAGR 0.2%, MDD -4.7%, exposure 4%).

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
ADX / DI 방향성
period=37, threshold=20
0.4%-13.8%0.120.031.0x1222%
Keltner 채널 돌파
emaPeriod=18, atrPeriod=29, mult=3.9
0.2%-4.7%0.100.041.0x64%
Donchian 채널 돌파
entryN=119, exitN=65
-0.4%-17.6%-0.05-0.021.0x1026%
Supertrend
period=22, mult=2.6
-1.3%-25.9%-0.10-0.050.9x6951%
SMA 크로스오버
fast=18, slow=241
-1.3%-22.1%-0.17-0.060.9x1433%
ROC 모멘텀
n=14, threshold=0.07
-0.5%-9.0%-0.19-0.051.0x201%
Parabolic SAR
step=0.005, maxStep=0.28
-2.1%-30.8%-0.21-0.070.8x7151%
EMA 크로스오버
fast=36, slow=128
-2.0%-28.2%-0.27-0.070.8x1837%
볼린저 밴드 돌파
n=33, k=2.8
-1.1%-16.0%-0.28-0.070.9x149%
MACD
fast=16, slow=54, signal=19
-4.3%-38.3%-0.48-0.110.7x9551%
Buy and hold-2.4%-46.3%-0.11-0.050.8x1100%
1x 2018 2020 2022 2024 2026 ADX / DI 방향성Buy and hold
ADX / DI 방향성: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -12% -23% -35% -46% 2018 2020 2022 2024 2026 Buy and holdADX / DI 방향성
ADX / DI 방향성 maximum drawdown -13.8% (2019-07-05 → 2025-09-04), prior peak not yet recovered.

Rules of the top strategy

Looks at both the direction and the strength of the trend; holds only in a strong uptrend.

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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