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Trend-Following Backtester · Guide · backtest 한국어

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iShares MSCI South Africa Index Fund backtest

10 trend-following strategies were compared on the full daily history of iShares MSCI South Africa Index Fund. 0 beat buy-and-hold CAGR; 볼린저 밴드 돌파 ranks first by Sharpe, matching the main backtester.

Data 2003-02-07 ~ 2026-07-31daily bars 5,907 (23.5 years)Costs 0.5%Venue XASEMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 5.1%, drawdown -68.2%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 1.0%, MDD -10.3%, Sharpe 0.27, 2% exposure.

CAGR reference leader: SMA 크로스오버 — CAGR 3.0%, MDD -47.2%, exposure 56%.

No strategy retained at least 75% of buy-and-hold CAGR while reducing drawdown by both 20% relatively and 5 percentage points absolutely.

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=23, k=3.1
1.0%-10.3%0.270.101.3x82%
SMA 크로스오버
fast=51, slow=170
3.0%-47.2%0.240.062.0x4456%
MACD
fast=42, slow=73, signal=66
2.3%-61.2%0.210.041.7x9851%
ADX / DI 방향성
period=15, threshold=33
0.8%-17.5%0.190.051.2x224%
EMA 크로스오버
fast=32, slow=65
1.3%-69.9%0.170.021.4x7656%
Donchian 채널 돌파
entryN=40, exitN=72
0.8%-75.3%0.150.011.2x5468%
ROC 모멘텀
n=127, threshold=0.23
-0.2%-48.9%0.04-0.001.0x13817%
Supertrend
period=25, mult=4.5
-1.6%-80.3%0.02-0.020.7x12257%
Keltner 채널 돌파
emaPeriod=40, atrPeriod=20, mult=4
-1.7%-61.3%-0.13-0.030.7x5615%
Parabolic SAR
step=0.015, maxStep=0.14
-9.9%-95.3%-0.36-0.100.1x40255%
Buy and hold5.1%-68.2%0.320.083.2x1100%
1x 2004 2007 2010 2013 2016 2019 2022 2025 SMA 크로스오버볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파 (Sharpe leader), SMA 크로스오버 (CAGR reference), Buy and hold.
0% -17% -34% -51% -68% 2004 2007 2010 2013 2016 2019 2022 2025 Buy and holdSMA 크로스오버볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -10.3% (2005-08-11 → 2009-05-15), recovered after 1,386 days.

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 setupMore US assetsAll asset reports

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