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Trend-Following Backtester · Guide · backtest 한국어

equity · US

Silicom Ltd backtest

10 trend-following strategies were compared on the full daily history of Silicom Ltd. 5 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ADX / DI 방향성 (CAGR 6.2%, MDD -66.6%).

Data 1994-02-18 ~ 2026-07-31daily bars 8,165 (32.4 years)Costs 0.5%Venue XNASMonthly snapshot 2026-07-31

Results by strategy

5 of 10 beat buy and hold (CAGR 6.4%, drawdown -98.8%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 12.5%, MDD -94.8%, Sharpe 0.50, 84% exposure.

CAGR reference leader: SMA 크로스오버 — CAGR 13.7%, MDD -83.4%, exposure 50%.

Return/drawdown alternative: ADX / DI 방향성 — CAGR is 6.1%p higher than buy and hold, while drawdown improves by 4.0%p (CAGR 6.2%, MDD -66.6%, 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=12, exitN=85
12.5%-94.8%0.500.1345.7x8984%
SMA 크로스오버
fast=50, slow=158
13.7%-83.4%0.480.1664.6x5950%
EMA 크로스오버
fast=28, slow=142
13.4%-84.3%0.470.1658.3x6947%
ROC 모멘텀
n=148, threshold=0.14
12.9%-78.6%0.470.1651.9x20540%
Parabolic SAR
step=0.005, maxStep=0.2
5.3%-86.3%0.360.065.4x23048%
볼린저 밴드 돌파
n=52, k=2.3
7.3%-83.7%0.360.099.8x11630%
ADX / DI 방향성
period=30, threshold=24
6.2%-66.6%0.320.097.1x6813%
Supertrend
period=14, mult=4.7
2.2%-92.9%0.320.022.1x13349%
MACD
fast=14, slow=29, signal=19
-1.0%-97.1%0.28-0.010.7x42851%
Keltner 채널 돌파
emaPeriod=55, atrPeriod=19, mult=3.6
1.9%-88.0%0.250.021.8x10025%
Buy and hold6.4%-98.8%0.470.077.5x1100%
0.1 1x 10x 100x 1995 1999 2003 2007 2011 2015 2019 2023 SMA 크로스오버Donchian 채널 돌파Buy and hold
Donchian 채널 돌파 (Sharpe leader), SMA 크로스오버 (CAGR reference), Buy and hold.
0% -25% -49% -74% -99% 1995 1999 2003 2007 2011 2015 2019 2023 Buy and holdSMA 크로스오버Donchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -94.8% (2000-03-01 → 2003-01-08), recovered after 2,087 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 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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