Trend-Following Backtester · Guide · backtest 한국어

equity · US

SPS Commerce, Inc. backtest

10 trend-following strategies were compared on the full daily history of SPS Commerce, Inc.. 0 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ROC 모멘텀 (CAGR 15.7%, MDD -43.4%).

Data 2010-04-22 ~ 2026-07-31daily bars 4,094 (16.3 years)Costs 0.5%Venue XNASMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 15.7%, drawdown -76.8%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 15.7%, MDD -43.4%, Sharpe 0.64, 68% exposure.

Return/drawdown alternative: ROC 모멘텀 — CAGR is 0.0%p lower than buy and hold, while drawdown improves by 33.4%p (CAGR 15.7%, MDD -43.4%, exposure 68%).

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
ROC 모멘텀
n=125, threshold=-0.03
15.7%-43.4%0.640.3610.7x9468%
SMA 크로스오버
fast=47, slow=199
15.2%-53.0%0.630.2910.1x1865%
볼린저 밴드 돌파
n=54, k=1.7
11.7%-53.6%0.620.226.0x7542%
Donchian 채널 돌파
entryN=14, exitN=73
15.5%-78.2%0.600.2010.5x3984%
Supertrend
period=19, mult=2.9
12.3%-50.4%0.600.246.6x9954%
EMA 크로스오버
fast=15, slow=158
13.6%-42.0%0.590.327.9x3667%
Keltner 채널 돌파
emaPeriod=52, atrPeriod=28, mult=2.1
8.8%-53.6%0.510.163.9x7538%
ADX / DI 방향성
period=27, threshold=20
6.3%-31.0%0.480.202.7x5422%
MACD
fast=16, slow=44, signal=19
1.4%-73.0%0.180.021.2x18550%
Parabolic SAR
step=0.005, maxStep=0.26
1.1%-79.1%0.170.011.2x14753%
Buy and hold15.7%-76.8%0.580.2010.7x1100%
1x 10x 2011 2013 2015 2017 2019 2021 2023 2025 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -19% -38% -58% -77% 2011 2013 2015 2017 2019 2021 2023 2025 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -43.4% (2021-10-28 → 2022-11-09), prior peak not yet recovered.

Rules of the top strategy

Rides the trend when recent return (momentum) over a window is above a threshold.

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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