Trend-Following Backtester · Guide · backtest 한국어

equity · US

Baxter International Inc. backtest

10 trend-following strategies were compared on the full daily history of Baxter International 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 3.8%, MDD -57.6%).

Data 1981-10-27 ~ 2026-07-31daily bars 11,280 (44.8 years)Costs 0.5%Venue XNYSMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 4.4%, drawdown -83.2%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 3.8%, MDD -57.6%, Sharpe 0.28, 78% exposure.

Return/drawdown alternative: ROC 모멘텀 — CAGR is 0.5%p lower than buy and hold, while drawdown improves by 25.6%p (CAGR 3.8%, MDD -57.6%, exposure 78%).

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=195, threshold=-0.11
3.8%-57.6%0.280.075.4x20178%
SMA 크로스오버
fast=21, slow=175
3.0%-68.8%0.250.043.7x9560%
EMA 크로스오버
fast=54, slow=182
3.0%-52.3%0.250.063.7x7162%
Donchian 채널 돌파
entryN=14, exitN=59
3.0%-75.6%0.240.043.7x13980%
ADX / DI 방향성
period=28, threshold=36
0.2%-4.7%0.160.041.1x21%
Supertrend
period=22, mult=5
1.3%-60.8%0.160.021.8x12756%
MACD
fast=50, slow=70, signal=31
-2.4%-85.4%-0.03-0.030.3x26551%
볼린저 밴드 돌파
n=59, k=1.1
-3.6%-88.3%-0.13-0.040.2x30946%
Parabolic SAR
step=0.005, maxStep=0.34
-4.6%-93.7%-0.13-0.050.1x37155%
Keltner 채널 돌파
emaPeriod=44, atrPeriod=14, mult=2
-3.8%-88.7%-0.18-0.040.2x28338%
Buy and hold4.4%-83.2%0.290.056.8x1100%
1x 10x 1982 1988 1994 2000 2006 2012 2018 2024 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -21% -42% -62% -83% 1982 1988 1994 2000 2006 2012 2018 2024 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -57.6% (1987-10-05 → 1989-03-01), recovered after 3,073 days.

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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