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Trend-Following Backtester · Guide · backtest 한국어

equity · US

International Money Express, Inc. backtest

10 trend-following strategies were compared on the full daily history of International Money Express, Inc.. 3 beat buy-and-hold CAGR; 볼린저 밴드 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is 볼린저 밴드 돌파 (CAGR 2.8%, MDD -18.0%).

Data 2017-03-27 ~ 2026-07-31daily bars 2,350 (9.3 years)Costs 0.5%Venue XNASMonthly snapshot 2026-07-31

Results by strategy

3 of 10 beat buy and hold (CAGR 2.1%, drawdown -67.8%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 2.8%, MDD -18.0%, Sharpe 0.38, 7% exposure.

CAGR reference leader: ROC 모멘텀 — CAGR 4.3%, MDD -40.3%, exposure 18%.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 0.6%p higher than buy and hold, while drawdown improves by 49.8%p (CAGR 2.8%, MDD -18.0%, exposure 7%).

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
볼린저 밴드 돌파
n=14, k=3
2.8%-18.0%0.380.151.3x227%
ROC 모멘텀
n=42, threshold=0.13
4.3%-40.3%0.350.111.5x6018%
ADX / DI 방향성
period=35, threshold=18
3.6%-36.9%0.300.101.4x2231%
Keltner 채널 돌파
emaPeriod=17, atrPeriod=25, mult=3.5
1.0%-11.3%0.170.091.1x105%
Donchian 채널 돌파
entryN=17, exitN=67
0.3%-58.0%0.160.011.0x2675%
EMA 크로스오버
fast=59, slow=209
-1.7%-65.3%0.08-0.030.9x1464%
SMA 크로스오버
fast=22, slow=168
-1.5%-53.1%0.06-0.030.9x2259%
MACD
fast=13, slow=49, signal=11
-2.9%-57.5%0.06-0.050.8x12646%
Parabolic SAR
step=0.015, maxStep=0.38
-2.7%-56.8%0.05-0.050.8x14849%
Supertrend
period=25, mult=2.9
-2.7%-59.9%0.02-0.040.8x5660%
Buy and hold2.1%-67.8%0.250.031.2x1100%
1x 2018 2020 2022 2024 2026 ROC 모멘텀볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파 (Sharpe leader), ROC 모멘텀 (CAGR reference), Buy and hold.
0% -17% -34% -51% -68% 2018 2020 2022 2024 2026 Buy and holdROC 모멘텀볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -18.0% (2020-08-21 → 2021-08-03), recovered after 572 days.

Rules of the top strategy

Breaking above the upper band (average plus a multiple of volatility) signals a strong move up.

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.
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