Trend-Following Backtester · Guide · backtest 한국어

equity · US

Balchem Corporation backtest

10 trend-following strategies were compared on the full daily history of Balchem Corporation. 0 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester.

Data 1986-06-03 ~ 2026-07-31daily bars 10,118 (40.2 years)Costs 0.5%Venue XNASMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 17.6%, drawdown -85.5%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 11.1%, MDD -78.2%, Sharpe 0.46, 77% exposure.

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
Donchian 채널 돌파
entryN=26, exitN=65
11.1%-78.2%0.460.1469.2x10377%
SMA 크로스오버
fast=38, slow=219
10.0%-51.8%0.440.1946.4x6968%
EMA 크로스오버
fast=57, slow=191
10.0%-63.0%0.440.1646.6x5972%
ROC 모멘텀
n=195, threshold=0.05
5.0%-66.2%0.310.087.1x34761%
Supertrend
period=20, mult=5
4.2%-77.6%0.290.055.3x16259%
Parabolic SAR
step=0.005, maxStep=0.28
1.9%-63.9%0.220.032.1x32658%
MACD
fast=29, slow=62, signal=31
-1.1%-76.3%0.13-0.010.6x30551%
ADX / DI 방향성
period=35, threshold=14
-0.7%-74.0%0.09-0.010.8x21631%
Keltner 채널 돌파
emaPeriod=32, atrPeriod=18, mult=3.1
-0.7%-74.7%0.08-0.010.7x16223%
볼린저 밴드 돌파
n=53, k=2.3
-1.6%-80.7%0.07-0.020.5x17032%
Buy and hold17.6%-85.5%0.570.21666.3x1100%
1x 10x 100x 1987 1992 1997 2002 2007 2012 2017 2022 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -21% -43% -64% -85% 1987 1992 1997 2002 2007 2012 2017 2022 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -78.2% (1986-11-04 → 1989-12-28), recovered after 1,896 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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