Trend-Following Backtester · Guide · backtest 한국어

equity · TW

Transcend Information, Inc. backtest

10 trend-following strategies were compared on the full daily history of Transcend Information, Inc.. 4 beat buy-and-hold CAGR; 볼린저 밴드 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Keltner 채널 돌파 (CAGR 10.7%, MDD -37.1%).

Data 2001-05-04 ~ 2026-07-31daily bars 6,260 (25.2 years)Costs 0.5%Venue TWSEMonthly snapshot 2026-07-31

Results by strategy

4 of 10 beat buy and hold (CAGR 10.2%, drawdown -77.1%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 11.7%, MDD -44.6%, Sharpe 0.60, 31% exposure.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 1.5%p higher than buy and hold, while drawdown improves by 32.5%p (CAGR 10.7%, MDD -37.1%, exposure 26%).

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
볼린저 밴드 돌파
n=43, k=2.2
11.7%-44.6%0.600.2616.2x9631%
Keltner 채널 돌파
emaPeriod=45, atrPeriod=25, mult=2.9
10.7%-37.1%0.570.2912.9x7426%
Donchian 채널 돌파
entryN=30, exitN=75
11.6%-53.3%0.510.2215.8x5370%
SMA 크로스오버
fast=21, slow=53
10.8%-51.3%0.510.2113.4x11853%
EMA 크로스오버
fast=22, slow=40
8.8%-55.8%0.440.168.5x11254%
Supertrend
period=24, mult=3.2
8.2%-47.9%0.440.177.3x14649%
ADX / DI 방향성
period=28, threshold=28
4.5%-56.7%0.350.083.0x4812%
ROC 모멘텀
n=42, threshold=0.14
4.3%-59.9%0.300.072.9x21218%
Parabolic SAR
step=0.01, maxStep=0.18
4.6%-60.5%0.300.083.1x29952%
MACD
fast=13, slow=46, signal=18
4.5%-64.2%0.300.073.0x29752%
Buy and hold10.2%-77.1%0.450.1311.5x1100%
1x 10x 2002 2006 2010 2014 2018 2022 2026 볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -19% -39% -58% -77% 2002 2006 2010 2014 2018 2022 2026 Buy and hold볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -44.6% (2026-01-30 → 2026-06-09), prior peak not yet recovered.

Rules of the top strategy

Breaking above the upper band (average plus a multiple of volatility) signals a strong move up.

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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