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Trend-Following Backtester · Guide · backtest 한국어

equity · US

HBT Financial, Inc. backtest

10 trend-following strategies were compared on the full daily history of HBT Financial, Inc.. 1 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 13.7%, MDD -35.0%).

Data 2019-10-11 ~ 2026-07-31daily bars 1,709 (6.8 years)Costs 0.5%Venue XNASMonthly snapshot 2026-07-31

Results by strategy

1 of 10 beat buy and hold (CAGR 13.0%, drawdown -54.3%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 13.7%, MDD -35.0%, Sharpe 0.60, 80% exposure.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 0.7%p higher than buy and hold, while drawdown improves by 19.3%p (CAGR 13.7%, MDD -35.0%, exposure 80%).

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=12, exitN=33
13.7%-35.0%0.600.392.4x1980%
MACD
fast=16, slow=20, signal=12
7.3%-29.6%0.430.251.6x10548%
SMA 크로스오버
fast=7, slow=157
7.2%-29.3%0.420.251.6x2960%
Supertrend
period=9, mult=2.9
6.4%-45.0%0.400.141.5x3754%
EMA 크로스오버
fast=31, slow=149
5.7%-32.0%0.350.181.5x1763%
Parabolic SAR
step=0.01, maxStep=0.16
5.2%-27.8%0.340.191.4x9156%
ROC 모멘텀
n=132, threshold=-0.03
4.4%-42.0%0.300.101.3x6171%
볼린저 밴드 돌파
n=15, k=3
1.0%-11.7%0.170.091.1x105%
ADX / DI 방향성
period=9, threshold=15
0.9%-41.3%0.150.021.1x18351%
Keltner 채널 돌파
emaPeriod=60, atrPeriod=12, mult=4
1.0%-24.2%0.140.041.1x914%
Buy and hold13.0%-54.3%0.520.242.3x1100%
1x 2020 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% -14% -27% -41% -54% 2020 2021 2022 2023 2024 2025 2026 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -35.0% (2020-02-05 → 2020-04-16), recovered after 394 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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