Trend-Following Backtester · Guide · backtest 한국어

equity · US

Bladex, Inc. Class E backtest

10 trend-following strategies were compared on the full daily history of Bladex, Inc. Class E. 7 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Keltner 채널 돌파 (CAGR 3.3%, MDD -65.4%).

Data 1992-09-24 ~ 2026-07-31daily bars 8,521 (33.8 years)Costs 0.5%Venue XNYSMonthly snapshot 2026-07-31

Results by strategy

7 of 10 beat buy and hold (CAGR 2.9%, drawdown -96.4%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 11.3%, MDD -82.3%, Sharpe 0.51, 81% exposure.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 8.4%p higher than buy and hold, while drawdown improves by 14.2%p (CAGR 3.3%, MDD -65.4%, exposure 28%).

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
Donchian 채널 돌파
entryN=19, exitN=105
11.3%-82.3%0.510.1437.2x5381%
SMA 크로스오버
fast=17, slow=191
8.0%-67.7%0.450.1213.3x6358%
EMA 크로스오버
fast=73, slow=82
6.9%-72.2%0.410.109.5x5160%
Supertrend
period=14, mult=2.7
6.2%-69.0%0.370.097.6x30652%
볼린저 밴드 돌파
n=22, k=1.6
4.5%-73.0%0.320.064.4x35036%
ROC 모멘텀
n=129, threshold=0.02
4.3%-84.0%0.300.054.2x25753%
Keltner 채널 돌파
emaPeriod=29, atrPeriod=11, mult=2.4
3.3%-65.4%0.280.053.0x19028%
Parabolic SAR
step=0.02, maxStep=0.24
1.6%-85.3%0.190.021.7x66652%
ADX / DI 방향성
period=29, threshold=18
1.5%-71.3%0.170.021.7x17125%
MACD
fast=19, slow=23, signal=16
1.1%-78.1%0.170.011.4x43650%
Buy and hold2.9%-96.4%0.260.032.6x1100%
0.1 1x 10x 1993 1998 2003 2008 2013 2018 2023 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -24% -48% -72% -96% 1993 1998 2003 2008 2013 2018 2023 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -82.3% (2005-02-14 → 2009-03-31), recovered after 6,899 days.

Rules of the top strategy

A new high means a trend starting; a new low means it’s over (turtle-trading style).

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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