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Trend-Following Backtester · Guide · backtest 한국어

equity · TH

Gunkul Engineering Public Co. Ltd. backtest

10 trend-following strategies were compared on the full daily history of Gunkul Engineering Public Co. Ltd.. 9 beat buy-and-hold CAGR; ADX / DI 방향성 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Parabolic SAR (CAGR 21.3%, MDD -46.0%).

Data 2010-10-19 ~ 2026-07-31daily bars 3,846 (15.8 years)Costs 0.5%Venue SETMonthly snapshot 2026-07-31

Results by strategy

9 of 10 beat buy and hold (CAGR 16.3%, drawdown -81.2%).

Sharpe leader (same as main): ADX / DI 방향성 — CAGR 21.7%, MDD -47.7%, Sharpe 0.93, 34% exposure.

CAGR reference leader: Donchian 채널 돌파 — CAGR 24.7%, MDD -62.7%, exposure 64%.

Return/drawdown alternative: Parabolic SAR — CAGR is 5.4%p higher than buy and hold, while drawdown improves by 33.6%p (CAGR 21.3%, MDD -46.0%, 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
ADX / DI 방향성
period=39, threshold=15
21.7%-47.7%0.930.4622.2x4934%
EMA 크로스오버
fast=18, slow=37
23.6%-57.8%0.910.4128.4x7352%
Donchian 채널 돌파
entryN=15, exitN=27
24.7%-62.7%0.900.3932.6x7564%
Keltner 채널 돌파
emaPeriod=38, atrPeriod=13, mult=0.8
21.1%-51.7%0.860.4120.5x14146%
볼린저 밴드 돌파
n=59, k=2.6
18.8%-46.2%0.860.4115.2x3529%
Supertrend
period=27, mult=3
21.3%-60.0%0.860.3520.9x10353%
Parabolic SAR
step=0.045, maxStep=0.06
21.3%-46.0%0.860.4620.9x21751%
SMA 크로스오버
fast=6, slow=56
21.9%-61.6%0.860.3622.9x10752%
ROC 모멘텀
n=44, threshold=0.03
19.4%-57.1%0.800.3416.4x18545%
MACD
fast=18, slow=29, signal=17
13.9%-56.5%0.630.257.8x16649%
Buy and hold16.3%-81.2%0.590.2010.8x1100%
1x 10x 2011 2013 2015 2017 2019 2021 2023 2025 Donchian 채널 돌파ADX / DI 방향성Buy and hold
ADX / DI 방향성 (Sharpe leader), Donchian 채널 돌파 (CAGR reference), Buy and hold.
0% -20% -41% -61% -81% 2011 2013 2015 2017 2019 2021 2023 2025 Buy and holdDonchian 채널 돌파ADX / DI 방향성
ADX / DI 방향성 maximum drawdown -47.7% (2022-02-01 → 2026-03-19), recovered after 1,578 days.

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 setupMore TH assetsAll asset reports

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