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Trend-Following Backtester · Guide · backtest 한국어

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Direxion NASDAQ-100 Equal Weighted Index ETF backtest

10 trend-following strategies were compared on the full daily history of Direxion NASDAQ-100 Equal Weighted Index ETF. 0 beat buy-and-hold CAGR; EMA 크로스오버 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is EMA 크로스오버 (CAGR 9.9%, MDD -23.7%).

Data 2012-03-21 ~ 2026-07-31daily bars 3,611 (14.4 years)Costs 0.5%Venue XNASMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 13.0%, drawdown -34.8%).

Sharpe leader (same as main): EMA 크로스오버 — CAGR 9.9%, MDD -23.7%, Sharpe 0.75, 79% exposure.

CAGR reference leader: ROC 모멘텀 — CAGR 11.4%, MDD -37.4%, exposure 93%.

Return/drawdown alternative: EMA 크로스오버 — CAGR is 3.2%p lower than buy and hold, while drawdown improves by 11.1%p (CAGR 9.9%, MDD -23.7%, exposure 79%).

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
EMA 크로스오버
fast=7, slow=210
9.9%-23.7%0.750.423.9x2779%
ROC 모멘텀
n=114, threshold=-0.12
11.4%-37.4%0.710.304.7x3193%
SMA 크로스오버
fast=56, slow=200
10.5%-30.9%0.710.344.2x1178%
Donchian 채널 돌파
entryN=22, exitN=55
9.4%-34.3%0.680.273.6x3384%
Supertrend
period=24, mult=5
5.3%-24.4%0.480.222.1x6568%
볼린저 밴드 돌파
n=27, k=3.4
0.4%-4.2%0.290.091.1x21%
Keltner 채널 돌파
emaPeriod=56, atrPeriod=11, mult=1.8
1.2%-29.5%0.170.041.2x10859%
MACD
fast=22, slow=45, signal=25
0.3%-31.0%0.080.011.0x14252%
ADX / DI 방향성
period=34, threshold=10
-0.8%-39.2%-0.03-0.020.9x15243%
Parabolic SAR
step=0.015, maxStep=0.12
-1.4%-44.0%-0.05-0.030.8x26862%
Buy and hold13.0%-34.8%0.730.375.8x1100%
1x 2013 2015 2017 2019 2021 2023 2025 ROC 모멘텀EMA 크로스오버Buy and hold
EMA 크로스오버 (Sharpe leader), ROC 모멘텀 (CAGR reference), Buy and hold.
0% -9% -19% -28% -37% 2013 2015 2017 2019 2021 2023 2025 Buy and holdROC 모멘텀EMA 크로스오버
EMA 크로스오버 maximum drawdown -23.7% (2015-06-22 → 2016-06-27), recovered after 878 days.

Rules of the top strategy

Uses two exponential averages (more weight on recent prices) and trades their crossover.

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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