Trend-Following Backtester · Guide · backtest 한국어

equity · US

JFrog Ltd. backtest

10 trend-following strategies were compared on the full daily history of JFrog Ltd.. 8 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is 볼린저 밴드 돌파 (CAGR 7.8%, MDD -29.6%).

Data 2020-09-16 ~ 2026-07-31daily bars 1,475 (5.9 years)Costs 0.5%Venue XNASMonthly snapshot 2026-07-31

Results by strategy

8 of 10 beat buy and hold (CAGR 3.5%, drawdown -80.4%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 14.0%, MDD -42.6%, Sharpe 0.56, 39% exposure.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 10.5%p higher than buy and hold, while drawdown improves by 37.8%p (CAGR 7.8%, MDD -29.6%, exposure 30%).

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=25, exitN=11
14.0%-42.6%0.560.332.2x3039%
MACD
fast=19, slow=50, signal=16
14.0%-64.4%0.530.222.2x5650%
EMA 크로스오버
fast=4, slow=187
12.5%-39.2%0.510.322.0x1740%
ROC 모멘텀
n=148, threshold=0.12
11.3%-46.7%0.470.241.9x3539%
Keltner 채널 돌파
emaPeriod=33, atrPeriod=45, mult=2.6
9.6%-41.1%0.470.231.7x2225%
Supertrend
period=18, mult=3.4
11.1%-62.7%0.460.181.9x2849%
볼린저 밴드 돌파
n=35, k=2.1
7.8%-29.6%0.400.271.6x3030%
SMA 크로스오버
fast=14, slow=110
5.1%-40.6%0.310.121.3x1744%
ADX / DI 방향성
period=22, threshold=28
3.1%-22.5%0.250.141.2x89%
Parabolic SAR
step=0.005, maxStep=0.34
-3.0%-71.8%0.11-0.040.8x5053%
Buy and hold3.5%-80.4%0.350.041.2x1100%
1x 2021 2022 2023 2024 2025 2026 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -20% -40% -60% -80% 2021 2022 2023 2024 2025 2026 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -42.6% (2021-06-24 → 2023-05-22), recovered after 959 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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