Trend-Following Backtester · Guide · backtest 한국어

equity · US

Strategic Education, Inc. backtest

10 trend-following strategies were compared on the full daily history of Strategic Education, Inc.. 0 beat buy-and-hold CAGR; ADX / DI 방향성 ranks first by Sharpe, matching the main backtester.

Data 1996-07-25 ~ 2026-07-31daily bars 7,552 (30.0 years)Costs 0.5%Venue XNASMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 8.4%, drawdown -87.0%).

Sharpe leader (same as main): ADX / DI 방향성 — CAGR 2.8%, MDD -23.2%, Sharpe 0.36, 7% exposure.

CAGR reference leader: Donchian 채널 돌파 — CAGR 5.8%, MDD -80.3%, exposure 83%.

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
ADX / DI 방향성
period=22, threshold=36
2.8%-23.2%0.360.122.3x467%
Donchian 채널 돌파
entryN=12, exitN=68
5.8%-80.3%0.330.075.4x9183%
SMA 크로스오버
fast=78, slow=222
5.4%-55.6%0.330.104.9x3454%
Keltner 채널 돌파
emaPeriod=59, atrPeriod=9, mult=3.9
3.1%-56.1%0.270.062.5x5622%
ROC 모멘텀
n=198, threshold=0.1
2.2%-69.5%0.210.031.9x21643%
볼린저 밴드 돌파
n=46, k=3
2.0%-54.4%0.210.041.8x6219%
EMA 크로스오버
fast=42, slow=189
0.5%-74.5%0.160.011.2x5255%
Supertrend
period=27, mult=5
-1.5%-87.9%0.10-0.020.6x9758%
Parabolic SAR
step=0.015, maxStep=0.28
-4.7%-95.1%-0.00-0.050.2x51753%
MACD
fast=15, slow=57, signal=16
-5.9%-91.4%-0.06-0.060.2x35750%
Buy and hold8.4%-87.0%0.400.1011.4x1100%
1x 10x 1997 2001 2005 2009 2013 2017 2021 2025 Donchian 채널 돌파ADX / DI 방향성Buy and hold
ADX / DI 방향성 (Sharpe leader), Donchian 채널 돌파 (CAGR reference), Buy and hold.
0% -22% -43% -65% -87% 1997 2001 2005 2009 2013 2017 2021 2025 Buy and holdDonchian 채널 돌파ADX / DI 방향성
ADX / DI 방향성 maximum drawdown -23.2% (1997-10-16 → 2003-05-23), recovered after 2,111 days.

Rules of the top strategy

Looks at both the direction and the strength of the trend; holds only in a strong uptrend.

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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