Trend-Following Backtester · Guide · backtest 한국어

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Yuanta Daily Taiwan 50 Units backtest

10 trend-following strategies were compared on the full daily history of Yuanta Daily Taiwan 50 Units. 10 beat buy-and-hold CAGR; EMA 크로스오버 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Keltner 채널 돌파 (CAGR 21.2%, MDD -25.1%).

Data 2014-10-23 ~ 2026-07-31daily bars 2,870 (11.8 years)Costs 0.5%Venue TWSEMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR 4.5%, drawdown -96.9%).

Sharpe leader (same as main): EMA 크로스오버 — CAGR 34.5%, MDD -37.2%, Sharpe 1.17, 70% exposure.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 30.0%p higher than buy and hold, while drawdown improves by 59.6%p (CAGR 21.2%, MDD -25.1%, exposure 52%).

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
EMA 크로스오버
fast=21, slow=109
34.5%-37.2%1.170.9332.6x1770%
Donchian 채널 돌파
entryN=8, exitN=46
34.2%-45.5%1.090.7531.8x3888%
ROC 모멘텀
n=87, threshold=-0.09
31.5%-40.9%1.020.7725.1x4381%
SMA 크로스오버
fast=42, slow=78
29.5%-38.7%1.010.7620.9x3567%
Supertrend
period=19, mult=4.6
25.3%-37.7%0.990.6714.2x5064%
Keltner 채널 돌파
emaPeriod=55, atrPeriod=10, mult=2.4
21.2%-25.1%0.970.849.6x5852%
MACD
fast=17, slow=39, signal=8
21.0%-42.4%0.940.509.4x15855%
ADX / DI 방향성
period=38, threshold=10
19.7%-36.5%0.900.548.3x8850%
Parabolic SAR
step=0.02, maxStep=0.08
18.0%-44.1%0.800.417.0x17662%
볼린저 밴드 돌파
n=51, k=0.7
18.0%-39.8%0.780.457.0x8460%
Buy and hold4.5%-96.9%0.640.051.7x1100%
0.1 1x 10x 2015 2017 2019 2021 2023 2025 EMA 크로스오버Buy and hold
EMA 크로스오버: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -24% -48% -73% -97% 2015 2017 2019 2021 2023 2025 Buy and holdEMA 크로스오버
EMA 크로스오버 maximum drawdown -37.2% (2024-07-11 → 2024-08-05), recovered after 426 days.

Rules of the top strategy

Uses two exponential averages (more weight on recent prices) and trades their crossover.

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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