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Trend-Following Backtester · Guide · backtest 한국어

etf · US

ClearBridge Energy Midstream Opportunity Fund Inc. backtest

10 trend-following strategies were compared on the full daily history of ClearBridge Energy Midstream Opportunity Fund Inc.. 10 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ADX / DI 방향성 (CAGR 1.0%, MDD -19.8%).

Data 2011-06-14 ~ 2026-07-31daily bars 3,805 (15.1 years)Costs 0.5%Venue XNYSMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR -4.3%, drawdown -97.2%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 3.3%, MDD -20.0%, Sharpe 0.45, 1% exposure.

CAGR reference leader: SMA 크로스오버 — CAGR 6.3%, MDD -30.6%, exposure 53%.

Return/drawdown alternative: ADX / DI 방향성 — CAGR is 7.6%p higher than buy and hold, while drawdown improves by 77.1%p (CAGR 1.0%, MDD -19.8%, exposure 15%).

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=10, threshold=0.21
3.3%-20.0%0.450.161.6x241%
SMA 크로스오버
fast=52, slow=245
6.3%-30.6%0.430.212.5x1353%
EMA 크로스오버
fast=59, slow=148
4.8%-39.8%0.350.122.0x1955%
볼린저 밴드 돌파
n=47, k=2.3
3.1%-28.1%0.330.111.6x3820%
Donchian 채널 돌파
entryN=93, exitN=68
2.4%-46.1%0.230.051.4x1942%
MACD
fast=10, slow=24, signal=17
1.4%-79.1%0.170.021.2x24050%
ADX / DI 방향성
period=22, threshold=21
1.0%-19.8%0.150.051.2x6615%
Supertrend
period=21, mult=4.4
0.8%-52.7%0.140.021.1x6755%
Keltner 채널 돌파
emaPeriod=58, atrPeriod=28, mult=3.1
0.0%-47.8%0.060.001.0x4223%
Parabolic SAR
step=0.02, maxStep=0.24
-1.3%-79.3%0.04-0.020.8x33453%
Buy and hold-4.3%-97.2%0.09-0.040.5x1100%
0.1 1x 2012 2014 2016 2018 2020 2022 2024 2026 SMA 크로스오버ROC 모멘텀Buy and hold
ROC 모멘텀 (Sharpe leader), SMA 크로스오버 (CAGR reference), Buy and hold.
0% -24% -49% -73% -97% 2012 2014 2016 2018 2020 2022 2024 2026 Buy and holdSMA 크로스오버ROC 모멘텀
ROC 모멘텀 maximum drawdown -20.0% (2020-04-29 → 2020-06-10), prior peak not yet recovered.

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 selected on the same full-history sample using sharpe over 40 trials per strategy, so results contain in-sample bias. 0.5% trading costs are included; taxes, slippage and rejected orders are not.
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