Trend-Following Backtester · Guide · backtest 한국어

equity · US

Edison International backtest

10 trend-following strategies were compared on the full daily history of Edison International. 1 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester.

Data 1973-05-03 ~ 2026-07-31daily bars 13,424 (53.2 years)Costs 0.5%Venue XNYSMonthly snapshot 2026-07-31

Results by strategy

1 of 10 beat buy and hold (CAGR 4.7%, drawdown -74.6%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 5.4%, MDD -62.5%, Sharpe 0.34, 94% exposure.

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
Donchian 채널 돌파
entryN=9, exitN=139
5.4%-62.5%0.340.0916.1x8194%
ADX / DI 방향성
period=47, threshold=23
1.0%-18.3%0.270.051.7x164%
Supertrend
period=11, mult=5
1.6%-61.4%0.180.032.3x16957%
SMA 크로스오버
fast=9, slow=156
0.5%-63.9%0.110.011.3x19763%
EMA 크로스오버
fast=43, slow=88
0.1%-74.4%0.090.001.1x14364%
ROC 모멘텀
n=126, threshold=-0.01
-0.4%-74.3%0.06-0.010.8x54366%
Parabolic SAR
step=0.005, maxStep=0.28
-1.7%-79.7%-0.01-0.020.4x43955%
볼린저 밴드 돌파
n=59, k=3.2
-0.4%-50.8%-0.03-0.010.8x529%
MACD
fast=15, slow=28, signal=21
-2.4%-86.2%-0.06-0.030.3x68351%
Keltner 채널 돌파
emaPeriod=56, atrPeriod=11, mult=2.4
-1.6%-73.9%-0.07-0.020.4x26537%
Buy and hold4.7%-74.6%0.310.0611.7x1100%
1x 10x 1974 1981 1988 1995 2002 2009 2016 2023 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -19% -37% -56% -75% 1974 1981 1988 1995 2002 2009 2016 2023 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -62.5% (1998-06-11 → 2001-04-06), recovered after 1,994 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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