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Trend-Following Backtester · Guide · backtest 한국어

equity · US

CF Bankshares Inc. backtest

10 trend-following strategies were compared on the full daily history of CF Bankshares Inc.. 6 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 -0.7%, MDD -70.3%).

Data 1998-12-30 ~ 2026-07-31daily bars 6,938 (27.6 years)Costs 0.5%Venue XNASMonthly snapshot 2026-07-31

Results by strategy

6 of 10 beat buy and hold (CAGR -7.5%, drawdown -98.7%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR -0.7%, MDD -70.3%, Sharpe 0.08, 21% exposure.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 6.8%p higher than buy and hold, while drawdown improves by 28.4%p (CAGR -0.7%, MDD -70.3%, exposure 21%).

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=112, exitN=26
-0.7%-70.3%0.08-0.010.8x4521%
SMA 크로스오버
fast=58, slow=220
-2.2%-78.5%0.07-0.030.5x3741%
EMA 크로스오버
fast=51, slow=90
-3.7%-91.8%0.04-0.040.4x5143%
ADX / DI 방향성
period=9, threshold=38
-2.7%-79.6%0.03-0.030.5x20915%
Keltner 채널 돌파
emaPeriod=46, atrPeriod=9, mult=3.1
-2.4%-79.4%0.02-0.030.5x9119%
볼린저 밴드 돌파
n=54, k=3.4
-3.5%-83.2%-0.08-0.040.4x4815%
Parabolic SAR
step=0.01, maxStep=0.34
-12.5%-99.4%-0.11-0.130.0x29748%
Supertrend
period=12, mult=5
-12.9%-99.5%-0.16-0.130.0x11548%
MACD
fast=18, slow=39, signal=19
-16.4%-99.8%-0.19-0.160.0x34551%
ROC 모멘텀
n=61, threshold=0.16
-13.1%-98.1%-0.37-0.130.0x24913%
Buy and hold-7.5%-98.7%0.19-0.080.1x1100%
0.1 1x 1999 2003 2007 2011 2015 2019 2023 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -25% -49% -74% -99% 1999 2003 2007 2011 2015 2019 2023 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -70.3% (2003-11-24 → 2016-12-08), prior peak not yet recovered.

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 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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