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Trend-Following Backtester · Guide · backtest 한국어

equity · US

IBEX Limited backtest

10 trend-following strategies were compared on the full daily history of IBEX Limited. 5 beat buy-and-hold CAGR; Supertrend ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Donchian 채널 돌파 (CAGR 16.1%, MDD -30.5%).

Data 2020-08-07 ~ 2026-07-31daily bars 1,502 (6.0 years)Costs 0.5%Venue XNASMonthly snapshot 2026-07-31

Results by strategy

5 of 10 beat buy and hold (CAGR 14.8%, drawdown -56.0%).

Sharpe leader (same as main): Supertrend — CAGR 24.6%, MDD -34.6%, Sharpe 0.76, 58% exposure.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 9.8%p higher than buy and hold, while drawdown improves by 21.4%p (CAGR 16.1%, MDD -30.5%, exposure 54%).

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=29, mult=3.6
24.6%-34.6%0.760.713.7x1758%
EMA 크로스오버
fast=21, slow=52
20.9%-34.5%0.690.603.1x1962%
SMA 크로스오버
fast=15, slow=103
19.3%-34.6%0.660.562.9x1358%
Donchian 채널 돌파
entryN=45, exitN=38
16.1%-30.5%0.590.532.4x1154%
ROC 모멘텀
n=81, threshold=0
15.9%-38.1%0.580.422.4x3156%
Keltner 채널 돌파
emaPeriod=77, atrPeriod=28, mult=2
9.0%-30.2%0.420.301.7x2143%
볼린저 밴드 돌파
n=12, k=2.6
5.6%-41.1%0.340.141.4x3814%
ADX / DI 방향성
period=38, threshold=11
4.2%-35.5%0.280.121.3x3339%
Parabolic SAR
step=0.01, maxStep=0.34
-1.2%-57.5%0.15-0.020.9x8153%
MACD
fast=18, slow=53, signal=17
-1.9%-52.4%0.11-0.040.9x6947%
Buy and hold14.8%-56.0%0.520.262.3x1100%
1x 2021 2022 2023 2024 2025 2026 SupertrendBuy and hold
Supertrend: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -14% -28% -42% -56% 2021 2022 2023 2024 2025 2026 Buy and holdSupertrend
Supertrend maximum drawdown -34.6% (2021-04-16 → 2022-04-06), recovered after 584 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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