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Trend-Following Backtester · Guide · backtest 한국어

equity · US

XMAX, Inc. backtest

10 trend-following strategies were compared on the full daily history of XMAX, Inc.. 10 beat buy-and-hold CAGR; SMA 크로스오버 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Keltner 채널 돌파 (CAGR 8.7%, MDD -64.5%).

Data 2011-10-17 ~ 2026-07-31daily bars 3,718 (14.8 years)Costs 0.5%Venue XNASMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR -16.0%, drawdown -99.9%).

Sharpe leader (same as main): SMA 크로스오버 — CAGR 14.7%, MDD -83.0%, Sharpe 0.50, 31% exposure.

CAGR reference leader: ADX / DI 방향성 — CAGR 15.5%, MDD -90.8%, exposure 34%.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 30.7%p higher than buy and hold, while drawdown improves by 16.9%p (CAGR 8.7%, MDD -64.5%, exposure 11%).

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
SMA 크로스오버
fast=47, slow=197
14.7%-83.0%0.500.187.6x1731%
ADX / DI 방향성
period=30, threshold=19
15.5%-90.8%0.490.178.4x4034%
EMA 크로스오버
fast=57, slow=181
13.9%-76.5%0.480.186.9x927%
Supertrend
period=5, mult=4.5
4.9%-97.9%0.430.052.0x4557%
Donchian 채널 돌파
entryN=94, exitN=53
8.9%-94.5%0.420.093.5x1531%
ROC 모멘텀
n=59, threshold=0.06
6.9%-98.3%0.410.072.7x16734%
Keltner 채널 돌파
emaPeriod=46, atrPeriod=6, mult=3.9
8.7%-64.5%0.400.143.5x1411%
볼린저 밴드 돌파
n=52, k=2.7
5.1%-91.9%0.350.062.1x3821%
Parabolic SAR
step=0.015, maxStep=0.08
-5.0%-95.7%0.28-0.050.5x18241%
MACD
fast=17, slow=54, signal=10
-13.6%-99.2%0.16-0.140.1x19849%
Buy and hold-16.0%-99.9%0.35-0.160.1x1100%
0.01 0.1 1x 2012 2014 2016 2018 2020 2022 2024 2026 ADX / DI 방향성SMA 크로스오버Buy and hold
SMA 크로스오버 (Sharpe leader), ADX / DI 방향성 (CAGR reference), Buy and hold.
0% -25% -50% -75% -100% 2012 2014 2016 2018 2020 2022 2024 2026 Buy and holdADX / DI 방향성SMA 크로스오버
SMA 크로스오버 maximum drawdown -83.0% (2021-07-08 → 2025-06-03), recovered after 1,615 days.

Rules of the top strategy

When the short average rises above the long average, it reads that as an uptrend starting.

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.
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