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Trend-Following Backtester · Guide · backtest 한국어

equity · US

Perion Network Ltd backtest

10 trend-following strategies were compared on the full daily history of Perion Network Ltd. 10 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Donchian 채널 돌파 (CAGR 13.8%, MDD -46.8%).

Data 2006-01-31 ~ 2026-07-31daily bars 5,157 (20.5 years)Costs 0.5%Venue XNASMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR -4.7%, drawdown -95.1%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 13.8%, MDD -46.8%, Sharpe 0.65, 13% exposure.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 18.5%p higher than buy and hold, while drawdown improves by 48.3%p (CAGR 13.8%, MDD -46.8%, 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
Donchian 채널 돌파
entryN=99, exitN=8
13.8%-46.8%0.650.2914.0x4813%
Keltner 채널 돌파
emaPeriod=54, atrPeriod=14, mult=3.1
11.4%-68.5%0.510.179.1x5022%
SMA 크로스오버
fast=53, slow=138
11.9%-68.2%0.480.1710.0x3646%
볼린저 밴드 돌파
n=42, k=2.6
10.3%-73.5%0.470.147.4x6623%
ROC 모멘텀
n=140, threshold=-0.08
9.4%-76.7%0.420.126.4x15156%
ADX / DI 방향성
period=18, threshold=8
7.1%-77.6%0.370.094.1x33949%
Supertrend
period=15, mult=4.1
6.1%-71.1%0.340.093.4x7747%
EMA 크로스오버
fast=45, slow=107
5.7%-84.6%0.330.073.1x4647%
Parabolic SAR
step=0.015, maxStep=0.2
4.9%-79.2%0.310.062.7x33147%
MACD
fast=9, slow=23, signal=9
4.0%-85.9%0.300.052.2x40552%
Buy and hold-4.7%-95.1%0.20-0.050.4x1100%
0.1 1x 10x 2007 2010 2013 2016 2019 2022 2025 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -24% -48% -71% -95% 2007 2010 2013 2016 2019 2022 2025 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -46.8% (2021-02-09 → 2026-05-21), prior peak not yet recovered.

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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