Trend-Following Backtester · Guide · backtest 한국어

equity · US

National HealthCare Corporation backtest

10 trend-following strategies were compared on the full daily history of National HealthCare Corporation. 3 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Donchian 채널 돌파 (CAGR 7.4%, MDD -58.2%).

Data 1987-01-02 ~ 2026-07-31daily bars 9,970 (39.6 years)Costs 0.5%Venue XASEMonthly snapshot 2026-07-31

Results by strategy

3 of 10 beat buy and hold (CAGR 6.8%, drawdown -96.4%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 7.4%, MDD -58.2%, Sharpe 0.46, 42% exposure.

CAGR reference leader: SMA 크로스오버 — CAGR 8.3%, MDD -69.1%, exposure 61%.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 0.6%p higher than buy and hold, while drawdown improves by 38.1%p (CAGR 7.4%, MDD -58.2%, exposure 42%).

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
Donchian 채널 돌파
entryN=114, exitN=47
7.4%-58.2%0.460.1316.9x6542%
ADX / DI 방향성
period=27, threshold=29
4.2%-32.4%0.460.135.1x429%
SMA 크로스오버
fast=57, slow=264
8.3%-69.1%0.450.1223.6x3561%
Keltner 채널 돌파
emaPeriod=54, atrPeriod=11, mult=3.9
5.9%-63.5%0.450.099.8x8723%
EMA 크로스오버
fast=31, slow=232
8.2%-69.1%0.450.1223.0x4563%
볼린저 밴드 돌파
n=56, k=2.9
3.6%-69.3%0.310.054.1x9123%
ROC 모멘텀
n=164, threshold=0.03
2.6%-78.5%0.250.032.8x31353%
Supertrend
period=14, mult=5
1.5%-81.2%0.210.021.8x13759%
Parabolic SAR
step=0.015, maxStep=0.24
-11.4%-99.6%-0.26-0.110.0x67552%
MACD
fast=18, slow=43, signal=16
-12.6%-99.8%-0.29-0.130.0x52951%
Buy and hold6.8%-96.4%0.380.0713.3x1100%
1x 10x 1988 1993 1998 2003 2008 2013 2018 2023 SMA 크로스오버Donchian 채널 돌파Buy and hold
Donchian 채널 돌파 (Sharpe leader), SMA 크로스오버 (CAGR reference), Buy and hold.
0% -24% -48% -72% -96% 1988 1993 1998 2003 2008 2013 2018 2023 Buy and holdSMA 크로스오버Donchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -58.2% (2011-07-08 → 2023-07-10), recovered after 5,327 days.

Rules of the top strategy

A new high means a trend starting; a new low means it’s over (turtle-trading style).

Method and caveats

Past performance does not guarantee future returns. Parameters were carried forward from the latest full optimization and replayed on this monthly dataset. 0.5% trading costs are included; taxes, slippage and rejected orders are not.
Re-optimize the same period and setupAll asset reports

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