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Trend-Following Backtester · Guide · backtest 한국어

equity · US

Pacific Biosciences of California, Inc. backtest

10 trend-following strategies were compared on the full daily history of Pacific Biosciences of California, Inc.. 10 beat buy-and-hold CAGR; 볼린저 밴드 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Keltner 채널 돌파 (CAGR 8.9%, MDD -47.2%).

Data 2010-10-27 ~ 2026-07-31daily bars 3,963 (15.8 years)Costs 0.5%Venue XNASMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR -14.5%, drawdown -98.2%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 16.7%, MDD -49.0%, Sharpe 0.62, 17% exposure.

CAGR reference leader: ROC 모멘텀 — CAGR 20.5%, MDD -63.2%, exposure 38%.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 31.2%p higher than buy and hold, while drawdown improves by 49.3%p (CAGR 8.9%, MDD -47.2%, exposure 8%).

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=33, k=3
16.7%-49.0%0.620.3411.4x3817%
ROC 모멘텀
n=126, threshold=0.08
20.5%-63.2%0.600.3319.0x7438%
Donchian 채널 돌파
entryN=63, exitN=58
16.7%-65.2%0.540.2611.3x2439%
SMA 크로스오버
fast=10, slow=155
16.4%-72.4%0.530.2310.9x3637%
Keltner 채널 돌파
emaPeriod=18, atrPeriod=18, mult=3.7
8.9%-47.2%0.520.193.8x228%
EMA 크로스오버
fast=17, slow=127
13.0%-73.5%0.470.186.9x3438%
Supertrend
period=17, mult=4.6
11.0%-74.8%0.450.155.2x4340%
ADX / DI 방향성
period=29, threshold=14
9.5%-66.8%0.410.144.2x11631%
MACD
fast=27, slow=95, signal=15
-1.6%-93.4%0.26-0.020.8x10853%
Parabolic SAR
step=0.01, maxStep=0.32
-1.3%-78.9%0.23-0.020.8x20246%
Buy and hold-14.5%-98.2%0.22-0.150.1x1100%
0.1 1x 10x 2011 2013 2015 2017 2019 2021 2023 2025 ROC 모멘텀볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파 (Sharpe leader), ROC 모멘텀 (CAGR reference), Buy and hold.
0% -25% -49% -74% -98% 2011 2013 2015 2017 2019 2021 2023 2025 Buy and holdROC 모멘텀볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -49.0% (2021-02-11 → 2022-10-27), prior peak not yet recovered.

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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