Trend-Following Backtester · Guide · backtest 한국어

equity · US

Chesapeake Utilities Corporation backtest

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

Data 1980-03-17 ~ 2026-07-31daily bars 11,688 (46.4 years)Costs 0.5%Venue XNYSMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 9.9%, drawdown -40.6%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 2.5%, MDD -6.0%, Sharpe 0.74, 6% exposure.

CAGR reference leader: Donchian 채널 돌파 — CAGR 5.2%, MDD -68.3%, exposure 82%.

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=15, k=3.3
2.5%-6.0%0.740.413.1x226%
ADX / DI 방향성
period=33, threshold=28
3.3%-25.0%0.490.134.5x1612%
Donchian 채널 돌파
entryN=32, exitN=131
5.2%-68.3%0.320.0810.3x6782%
SMA 크로스오버
fast=40, slow=195
4.3%-42.1%0.290.106.9x6666%
EMA 크로스오버
fast=51, slow=158
2.6%-70.2%0.230.043.3x7568%
Supertrend
period=14, mult=4.5
2.0%-58.5%0.210.032.5x13563%
Keltner 채널 돌파
emaPeriod=24, atrPeriod=8, mult=3.3
0.2%-27.8%0.060.011.1x505%
Parabolic SAR
step=0.005, maxStep=0.36
-2.6%-95.9%0.00-0.030.3x37757%
ROC 모멘텀
n=98, threshold=0.33
-0.0%-21.1%0.00-0.001.0x342%
MACD
fast=37, slow=104, signal=37
-5.5%-98.2%-0.13-0.060.1x28549%
Buy and hold9.9%-40.6%0.450.2581.1x1100%
1x 10x 1981 1987 1993 1999 2005 2011 2017 2023 Donchian 채널 돌파볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파 (Sharpe leader), Donchian 채널 돌파 (CAGR reference), Buy and hold.
0% -17% -34% -51% -68% 1981 1987 1993 1999 2005 2011 2017 2023 Buy and holdDonchian 채널 돌파볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -6.0% (1981-02-04 → 1981-10-23), recovered after 343 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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