Trend-Following Backtester · Guide · backtest 한국어

equity · US

Incyte Corporation backtest

10 trend-following strategies were compared on the full daily history of Incyte Corporation. 4 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Supertrend (CAGR 15.0%, MDD -75.8%).

Data 1993-11-04 ~ 2026-07-31daily bars 8,239 (32.7 years)Costs 0.5%Venue XNASMonthly snapshot 2026-07-31

Results by strategy

4 of 10 beat buy and hold (CAGR 13.5%, drawdown -98.5%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 16.8%, MDD -83.2%, Sharpe 0.57, 58% exposure.

Return/drawdown alternative: Supertrend — CAGR is 3.2%p higher than buy and hold, while drawdown improves by 15.3%p (CAGR 15.0%, MDD -75.8%, exposure 50%).

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
ROC 모멘텀
n=149, threshold=-0.02
16.8%-83.2%0.570.20159.5x20958%
Supertrend
period=8, mult=2.1
15.0%-75.8%0.540.2097.2x35750%
SMA 크로스오버
fast=11, slow=44
14.0%-79.1%0.520.1873.7x22552%
MACD
fast=18, slow=36, signal=19
14.1%-83.6%0.510.1775.2x34950%
볼린저 밴드 돌파
n=27, k=1.5
12.2%-74.4%0.490.1643.0x30537%
Keltner 채널 돌파
emaPeriod=11, atrPeriod=34, mult=1.5
10.0%-58.1%0.460.1722.7x28121%
EMA 크로스오버
fast=19, slow=183
11.4%-87.3%0.460.1334.6x7154%
ADX / DI 방향성
period=29, threshold=10
10.5%-77.2%0.440.1426.0x38949%
Donchian 채널 돌파
entryN=51, exitN=14
9.9%-66.3%0.440.1521.7x14131%
Parabolic SAR
step=0.01, maxStep=0.3
9.6%-84.7%0.430.1120.2x42951%
Buy and hold13.5%-98.5%0.510.1463.4x1100%
1x 10x 100x 1994 1999 2004 2009 2014 2019 2024 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -25% -49% -74% -99% 1994 1999 2004 2009 2014 2019 2024 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -83.2% (2000-02-25 → 2000-05-25), recovered after 3,664 days.

Rules of the top strategy

Rides the trend when recent return (momentum) over a window is above a threshold.

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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