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Trend-Following Backtester · Guide · backtest 한국어

equity · US

NN, Inc. backtest

10 trend-following strategies were compared on the full daily history of NN, Inc.. 10 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 5.8%, MDD -44.0%).

Data 1994-03-15 ~ 2026-07-31daily bars 8,149 (32.4 years)Costs 0.5%Venue XNASMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR -2.3%, drawdown -97.0%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 5.8%, MDD -44.0%, Sharpe 0.39, 13% exposure.

CAGR reference leader: ADX / DI 방향성 — CAGR 6.6%, MDD -60.4%, exposure 17%.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 8.2%p higher than buy and hold, while drawdown improves by 53.0%p (CAGR 5.8%, MDD -44.0%, exposure 13%).

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=50, k=3.5
5.8%-44.0%0.390.136.2x3613%
ADX / DI 방향성
period=20, threshold=25
6.6%-60.4%0.380.117.8x11117%
Donchian 채널 돌파
entryN=11, exitN=42
5.7%-91.8%0.360.066.0x14175%
SMA 크로스오버
fast=26, slow=93
6.4%-82.6%0.350.087.4x10951%
Supertrend
period=9, mult=3.5
4.1%-91.1%0.300.043.6x14555%
MACD
fast=11, slow=42, signal=10
2.7%-94.3%0.280.032.3x55051%
Keltner 채널 돌파
emaPeriod=42, atrPeriod=15, mult=3
3.6%-81.2%0.260.043.1x9221%
EMA 크로스오버
fast=47, slow=74
2.9%-88.4%0.260.032.6x8352%
ROC 모멘텀
n=73, threshold=0.13
1.7%-78.2%0.210.021.7x34132%
Parabolic SAR
step=0.01, maxStep=0.16
-0.4%-93.6%0.20-0.000.9x42451%
Buy and hold-2.3%-97.0%0.27-0.020.5x1100%
1x 1995 1999 2003 2007 2011 2015 2019 2023 ADX / DI 방향성볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파 (Sharpe leader), ADX / DI 방향성 (CAGR reference), Buy and hold.
0% -24% -48% -73% -97% 1995 1999 2003 2007 2011 2015 2019 2023 Buy and holdADX / DI 방향성볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -44.0% (2001-07-20 → 2009-07-30), recovered after 2,943 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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