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Trend-Following Backtester · Guide · backtest 한국어

equity · US

Cypherpunk Technologies Inc. backtest

10 trend-following strategies were compared on the full daily history of Cypherpunk Technologies Inc.. 10 beat buy-and-hold CAGR; Supertrend ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Keltner 채널 돌파 (CAGR 0.7%, MDD -64.1%).

Data 2017-01-25 ~ 2026-07-31daily bars 2,392 (9.5 years)Costs 0.5%Venue XNASMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR -40.2%, drawdown -99.8%).

Sharpe leader (same as main): Supertrend — CAGR 17.7%, MDD -75.0%, Sharpe 0.56, 36% exposure.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 58.0%p higher than buy and hold, while drawdown improves by 24.8%p (CAGR 0.7%, MDD -64.1%, exposure 22%).

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
Supertrend
period=24, mult=2.3
17.7%-75.0%0.560.244.7x6436%
Parabolic SAR
step=0.02, maxStep=0.12
12.6%-74.1%0.430.173.1x16443%
볼린저 밴드 돌파
n=23, k=1.7
5.0%-71.9%0.380.071.6x8828%
MACD
fast=14, slow=32, signal=7
-2.1%-81.6%0.37-0.030.8x14654%
ROC 모멘텀
n=19, threshold=0.02
-2.9%-83.1%0.32-0.030.8x21441%
ADX / DI 방향성
period=8, threshold=7
-10.1%-90.5%0.30-0.110.4x25651%
Keltner 채널 돌파
emaPeriod=19, atrPeriod=27, mult=1.3
0.7%-64.1%0.300.011.1x7822%
Donchian 채널 돌파
entryN=16, exitN=26
-14.7%-88.4%0.28-0.170.2x5449%
EMA 크로스오버
fast=27, slow=32
-25.7%-96.9%0.14-0.270.1x4836%
SMA 크로스오버
fast=22, slow=107
-27.6%-97.3%0.11-0.280.0x2836%
Buy and hold-40.2%-99.8%0.20-0.400.0x1100%
0.01 0.1 1x 2018 2020 2022 2024 2026 SupertrendBuy and hold
Supertrend: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -25% -50% -75% -100% 2018 2020 2022 2024 2026 Buy and holdSupertrend
Supertrend maximum drawdown -75.0% (2017-03-08 → 2019-11-14), recovered after 1,435 days.

Rules of the top strategy

Trades the direction of a volatility-based trend line that trails below/above price.

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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