Trend-Following Backtester · Guide · backtest 한국어

equity · US

Construction Partners, Inc. backtest

10 trend-following strategies were compared on the full daily history of Construction Partners, Inc.. 0 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester.

Data 2018-05-04 ~ 2026-07-31daily bars 2,071 (8.2 years)Costs 0.5%Venue XNASMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 29.6%, drawdown -54.5%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 23.9%, MDD -49.0%, Sharpe 0.74, 74% exposure.

No strategy retained at least 75% of buy-and-hold CAGR while reducing drawdown by both 20% relatively and 5 percentage points absolutely.

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=55, exitN=77
23.9%-49.0%0.740.495.8x1074%
SMA 크로스오버
fast=38, slow=71
22.4%-51.8%0.740.435.3x2666%
EMA 크로스오버
fast=17, slow=106
14.8%-53.4%0.550.283.1x2670%
Supertrend
period=13, mult=5
11.9%-50.0%0.500.242.5x2257%
ROC 모멘텀
n=86, threshold=0.01
11.1%-48.9%0.470.232.4x7266%
ADX / DI 방향성
period=34, threshold=20
4.8%-25.3%0.390.191.5x1611%
Keltner 채널 돌파
emaPeriod=29, atrPeriod=32, mult=3.6
2.7%-25.6%0.250.111.2x1412%
Parabolic SAR
step=0.01, maxStep=0.36
1.5%-52.0%0.220.031.1x11854%
볼린저 밴드 돌파
n=59, k=3.1
-0.6%-35.0%0.06-0.021.0x1818%
MACD
fast=20, slow=27, signal=21
-6.2%-78.8%-0.00-0.080.6x10751%
Buy and hold29.6%-54.5%0.780.548.5x1100%
1x 10x 2019 2020 2021 2022 2023 2024 2025 2026 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -14% -27% -41% -55% 2019 2020 2021 2022 2023 2024 2025 2026 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -49.0% (2019-12-09 → 2020-05-13), recovered after 361 days.

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 carried forward from the latest full optimization and replayed on this monthly dataset. 0.5% trading costs are included; taxes, slippage and rejected orders are not.
Re-optimize the same period and setupAll asset reports

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