Trend-Following Backtester · Guide · backtest 한국어

equity · US

BXP, Inc. backtest

10 trend-following strategies were compared on the full daily history of BXP, Inc.. 0 beat buy-and-hold CAGR; 볼린저 밴드 돌파 ranks first by Sharpe, matching the main backtester.

Data 1997-06-18 ~ 2026-07-31daily bars 7,325 (29.1 years)Costs 0.5%Venue XNYSMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 3.3%, drawdown -75.9%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 1.9%, MDD -15.8%, Sharpe 0.32, 7% exposure.

CAGR reference leader: Donchian 채널 돌파 — CAGR 3.3%, MDD -66.6%, exposure 76%.

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
볼린저 밴드 돌파
n=31, k=3.2
1.9%-15.8%0.320.121.7x257%
Donchian 채널 돌파
entryN=21, exitN=72
3.3%-66.6%0.260.052.5x7376%
ADX / DI 방향성
period=33, threshold=38
0.3%-6.5%0.200.041.1x21%
Supertrend
period=15, mult=3.2
1.5%-64.4%0.170.021.6x18353%
EMA 크로스오버
fast=41, slow=58
1.5%-64.1%0.170.021.5x9159%
SMA 크로스오버
fast=20, slow=163
0.1%-76.3%0.100.001.0x7958%
Keltner 채널 돌파
emaPeriod=46, atrPeriod=28, mult=4
-0.2%-45.9%0.03-0.000.9x5917%
ROC 모멘텀
n=193, threshold=0.11
-0.9%-69.1%0.00-0.010.8x20236%
Parabolic SAR
step=0.005, maxStep=0.22
-4.6%-87.5%-0.10-0.050.3x26555%
MACD
fast=24, slow=33, signal=10
-5.5%-87.9%-0.14-0.060.2x40151%
Buy and hold3.3%-75.9%0.260.042.6x1100%
1x 1998 2002 2006 2010 2014 2018 2022 2026 Donchian 채널 돌파볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파 (Sharpe leader), Donchian 채널 돌파 (CAGR reference), Buy and hold.
0% -19% -38% -57% -76% 1998 2002 2006 2010 2014 2018 2022 2026 Buy and holdDonchian 채널 돌파볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -15.8% (2006-03-29 → 2023-12-05), recovered after 6,741 days.

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

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