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Trend-Following Backtester · Guide · backtest 한국어

equity · US

Entera Bio Ltd. backtest

10 trend-following strategies were compared on the full daily history of Entera Bio Ltd.. 10 beat buy-and-hold CAGR; ADX / DI 방향성 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ADX / DI 방향성 (CAGR 34.4%, MDD -57.7%).

Data 2018-06-28 ~ 2026-07-31daily bars 2,033 (8.1 years)Costs 0.5%Venue XNASMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR -8.8%, drawdown -92.8%).

Sharpe leader (same as main): ADX / DI 방향성 — CAGR 34.4%, MDD -57.7%, Sharpe 0.65, 23% exposure.

Return/drawdown alternative: ADX / DI 방향성 — CAGR is 43.2%p higher than buy and hold, while drawdown improves by 35.1%p (CAGR 34.4%, MDD -57.7%, exposure 23%).

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
ADX / DI 방향성
period=26, threshold=19
34.4%-57.7%0.650.6010.9x3123%
SMA 크로스오버
fast=24, slow=40
18.9%-72.5%0.530.264.0x5540%
Donchian 채널 돌파
entryN=56, exitN=39
19.6%-70.6%0.520.284.3x1527%
ROC 모멘텀
n=95, threshold=-0.01
16.4%-70.6%0.500.233.4x6135%
EMA 크로스오버
fast=21, slow=79
11.2%-77.3%0.430.142.4x2329%
볼린저 밴드 돌파
n=57, k=1.7
6.4%-67.0%0.370.101.7x2724%
Keltner 채널 돌파
emaPeriod=49, atrPeriod=20, mult=1.9
4.1%-75.8%0.330.051.4x3121%
Supertrend
period=9, mult=4.7
-3.9%-84.1%0.33-0.050.7x1757%
MACD
fast=18, slow=54, signal=15
-1.4%-80.5%0.33-0.020.9x8949%
Parabolic SAR
step=0.045, maxStep=0.12
-3.9%-83.5%0.31-0.050.7x22540%
Buy and hold-8.8%-92.8%0.39-0.100.5x1100%
0.1 1x 10x 2019 2020 2021 2022 2023 2024 2025 2026 ADX / DI 방향성Buy and hold
ADX / DI 방향성: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -23% -46% -70% -93% 2019 2020 2021 2022 2023 2024 2025 2026 Buy and holdADX / DI 방향성
ADX / DI 방향성 maximum drawdown -57.7% (2021-03-12 → 2021-05-13), recovered after 724 days.

Rules of the top strategy

Looks at both the direction and the strength of the trend; holds only in a strong uptrend.

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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