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Trend-Following Backtester · Guide · backtest 한국어

equity · US

Clearfield, Inc. backtest

10 trend-following strategies were compared on the full daily history of Clearfield, Inc.. 5 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Keltner 채널 돌파 (CAGR 8.0%, MDD -64.9%).

Data 1986-08-06 ~ 2026-07-31daily bars 10,073 (40.0 years)Costs 0.5%Venue XNASMonthly snapshot 2026-07-31

Results by strategy

5 of 10 beat buy and hold (CAGR 7.5%, drawdown -98.6%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 13.5%, MDD -66.2%, Sharpe 0.51, 25% exposure.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 6.0%p higher than buy and hold, while drawdown improves by 32.4%p (CAGR 8.0%, MDD -64.9%, exposure 27%).

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=119, exitN=26
13.5%-66.2%0.510.20156.9x6425%
SMA 크로스오버
fast=19, slow=44
11.9%-97.2%0.470.1290.8x22848%
Supertrend
period=26, mult=4.3
9.1%-94.8%0.410.1032.8x13244%
EMA 크로스오버
fast=44, slow=61
8.6%-91.8%0.400.0927.0x10048%
Keltner 채널 돌파
emaPeriod=68, atrPeriod=18, mult=2.9
8.0%-64.9%0.380.1222.0x9627%
볼린저 밴드 돌파
n=50, k=2.8
6.4%-85.4%0.340.0711.7x12026%
ADX / DI 방향성
period=21, threshold=28
6.3%-69.1%0.340.0911.3x12221%
Parabolic SAR
step=0.01, maxStep=0.38
4.3%-98.1%0.330.045.5x40248%
MACD
fast=13, slow=46, signal=19
-4.5%-98.7%0.17-0.050.2x48850%
ROC 모멘텀
n=147, threshold=0.03
-4.0%-98.5%0.16-0.040.2x35648%
Buy and hold7.5%-98.6%0.450.0817.8x1100%
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% -25% -49% -74% -99% 1987 1992 1997 2002 2007 2012 2017 2022 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -66.2% (2000-02-28 → 2009-06-23), recovered after 3,488 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 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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