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Trend-Following Backtester · Guide · backtest 한국어

equity · US

Outlook Therapeutics, Inc. backtest

10 trend-following strategies were compared on the full daily history of Outlook Therapeutics, Inc.. 10 beat buy-and-hold CAGR; MACD ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Keltner 채널 돌파 (CAGR 6.2%, MDD -42.3%).

Data 2016-06-14 ~ 2026-07-31daily bars 2,547 (10.1 years)Costs 0.5%Venue XNASMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR -47.7%, drawdown -100.0%).

Sharpe leader (same as main): MACD — CAGR 7.1%, MDD -90.8%, Sharpe 0.51, 54% exposure.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 54.7%p higher than buy and hold, while drawdown improves by 9.2%p (CAGR 6.2%, MDD -42.3%, exposure 2%).

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
MACD
fast=12, slow=51, signal=21
7.1%-90.8%0.510.082.0x9454%
Parabolic SAR
step=0.04, maxStep=0.2
-7.3%-98.0%0.36-0.070.5x27243%
ROC 모멘텀
n=4, threshold=0.13
4.1%-79.1%0.330.051.5x20410%
Keltner 채널 돌파
emaPeriod=11, atrPeriod=27, mult=4
6.2%-42.3%0.330.151.8x82%
ADX / DI 방향성
period=11, threshold=39
2.8%-62.1%0.290.051.3x4212%
Donchian 채널 돌파
entryN=9, exitN=21
-14.3%-97.2%0.28-0.150.2x7262%
볼린저 밴드 돌파
n=23, k=2.2
-3.5%-91.5%0.26-0.040.7x7221%
Supertrend
period=15, mult=2.6
-12.1%-96.7%0.21-0.130.3x6244%
SMA 크로스오버
fast=12, slow=46
-18.1%-97.1%0.08-0.190.1x6940%
EMA 크로스오버
fast=8, slow=184
-8.1%-73.5%0.03-0.110.4x1718%
Buy and hold-47.7%-100.0%0.12-0.480.0x1100%
0.001 0.01 0.1 1x 2017 2019 2021 2023 2025 MACDBuy and hold
MACD: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -25% -50% -75% -100% 2017 2019 2021 2023 2025 Buy and holdMACD
MACD maximum drawdown -90.8% (2023-10-19 → 2026-03-24), prior peak not yet recovered.

Rules of the top strategy

Looks at the gap (MACD) between a short and long average crossing its own signal line.

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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