Trend-Following Backtester · Guide · backtest 한국어

equity · US

Wingstop Inc. backtest

10 trend-following strategies were compared on the full daily history of Wingstop Inc.. 5 beat buy-and-hold CAGR; 볼린저 밴드 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is EMA 크로스오버 (CAGR 16.5%, MDD -41.5%).

Data 2015-06-12 ~ 2026-07-31daily bars 2,800 (11.1 years)Costs 0.5%Venue XNASMonthly snapshot 2026-07-31

Results by strategy

5 of 10 beat buy and hold (CAGR 13.8%, drawdown -72.3%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 7.7%, MDD -14.9%, Sharpe 0.79, 10% exposure.

CAGR reference leader: ROC 모멘텀 — CAGR 19.1%, MDD -56.5%, exposure 73%.

Return/drawdown alternative: EMA 크로스오버 — CAGR is 6.0%p lower than buy and hold, while drawdown improves by 57.4%p (CAGR 16.5%, MDD -41.5%, exposure 65%).

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
볼린저 밴드 돌파
n=40, k=3.4
7.7%-14.9%0.790.522.3x1010%
ROC 모멘텀
n=137, threshold=-0.08
19.1%-56.5%0.680.347.0x3473%
Donchian 채널 돌파
entryN=35, exitN=45
16.7%-54.8%0.650.315.6x2763%
EMA 크로스오버
fast=10, slow=113
16.5%-41.5%0.630.405.5x3665%
SMA 크로스오버
fast=17, slow=96
16.5%-46.2%0.630.365.5x3261%
ADX / DI 방향성
period=32, threshold=33
3.2%-9.9%0.620.331.4x22%
Supertrend
period=18, mult=4.2
15.4%-54.6%0.620.284.9x3959%
Keltner 채널 돌파
emaPeriod=56, atrPeriod=22, mult=1.4
11.1%-41.8%0.530.273.2x6648%
MACD
fast=24, slow=58, signal=9
6.2%-43.6%0.350.142.0x12648%
Parabolic SAR
step=0.01, maxStep=0.3
4.9%-64.6%0.310.081.7x16055%
Buy and hold13.8%-72.3%0.510.194.2x1100%
1x 10x 2016 2018 2020 2022 2024 2026 ROC 모멘텀볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파 (Sharpe leader), ROC 모멘텀 (CAGR reference), Buy and hold.
0% -18% -36% -54% -72% 2016 2018 2020 2022 2024 2026 Buy and holdROC 모멘텀볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -14.9% (2025-06-10 → 2025-07-03), prior peak not yet recovered.

Rules of the top strategy

Breaking above the upper band (average plus a multiple of volatility) signals a strong move up.

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

Read next