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Trend-Following Backtester · Guide · backtest 한국어

equity · US

Nathan's Famous, Inc. backtest

10 trend-following strategies were compared on the full daily history of Nathan's Famous, Inc.. 0 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester.

Data 1993-02-26 ~ 2026-07-31daily bars 8,414 (33.4 years)Costs 0.5%Venue XNASMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 6.9%, drawdown -76.2%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 5.6%, MDD -70.9%, Sharpe 0.34, 51% exposure.

No strategy retained at least 75% of buy-and-hold CAGR while reducing drawdown by both 20% relatively and 5 percentage points absolutely.

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=121, exitN=69
5.6%-70.9%0.340.086.1x3051%
SMA 크로스오버
fast=43, slow=173
4.1%-76.8%0.280.053.8x5960%
EMA 크로스오버
fast=17, slow=147
2.7%-83.5%0.230.032.4x8460%
Supertrend
period=19, mult=4.4
2.0%-90.5%0.210.021.9x8261%
볼린저 밴드 돌파
n=100, k=2.5
0.9%-62.9%0.140.011.3x6430%
ADX / DI 방향성
period=38, threshold=18
0.2%-64.5%0.100.001.1x10623%
Parabolic SAR
step=0.005, maxStep=0.14
-2.0%-92.4%0.07-0.020.5x24652%
Keltner 채널 돌파
emaPeriod=44, atrPeriod=29, mult=2.2
-3.1%-91.5%-0.05-0.030.3x14828%
ROC 모멘텀
n=135, threshold=0.04
-6.1%-93.0%-0.10-0.070.1x42552%
MACD
fast=18, slow=52, signal=17
-9.3%-98.4%-0.20-0.090.0x41448%
Buy and hold6.9%-76.2%0.370.099.4x1100%
1x 10x 1994 1999 2004 2009 2014 2019 2024 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -19% -38% -57% -76% 1994 1999 2004 2009 2014 2019 2024 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -70.9% (1996-01-19 → 2003-10-06), recovered after 3,913 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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