Trend-Following Backtester · Guide · backtest 한국어

equity · US

HA Sustainable Infrastructure Capital, Inc. backtest

10 trend-following strategies were compared on the full daily history of HA Sustainable Infrastructure Capital, Inc.. 0 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Donchian 채널 돌파 (CAGR 7.3%, MDD -43.5%).

Data 2013-04-18 ~ 2026-07-31daily bars 3,342 (13.3 years)Costs 0.5%Venue XNYSMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 9.4%, drawdown -79.5%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 7.3%, MDD -43.5%, Sharpe 0.48, 38% exposure.

CAGR reference leader: SMA 크로스오버 — CAGR 9.1%, MDD -63.7%, exposure 59%.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 2.1%p lower than buy and hold, while drawdown improves by 36.1%p (CAGR 7.3%, MDD -43.5%, exposure 38%).

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=110, exitN=37
7.3%-43.5%0.480.172.6x2438%
SMA 크로스오버
fast=61, slow=101
9.1%-63.7%0.460.143.2x2959%
볼린저 밴드 돌파
n=75, k=2.8
5.5%-37.8%0.450.152.0x1621%
Supertrend
period=29, mult=4.3
8.3%-60.4%0.450.142.9x4457%
EMA 크로스오버
fast=50, slow=77
7.3%-58.0%0.400.132.5x2360%
ROC 모멘텀
n=114, threshold=0.07
4.2%-44.1%0.300.091.7x11646%
Keltner 채널 돌파
emaPeriod=58, atrPeriod=12, mult=3.8
2.7%-55.5%0.250.051.4x3026%
MACD
fast=8, slow=28, signal=19
1.5%-63.2%0.190.021.2x21151%
Parabolic SAR
step=0.015, maxStep=0.18
0.8%-58.8%0.160.011.1x23653%
ADX / DI 방향성
period=21, threshold=23
1.1%-40.6%0.150.031.2x5819%
Buy and hold9.4%-79.5%0.430.123.3x1100%
1x 2014 2016 2018 2020 2022 2024 2026 SMA 크로스오버Donchian 채널 돌파Buy and hold
Donchian 채널 돌파 (Sharpe leader), SMA 크로스오버 (CAGR reference), Buy and hold.
0% -20% -40% -60% -80% 2014 2016 2018 2020 2022 2024 2026 Buy and holdSMA 크로스오버Donchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -43.5% (2021-01-12 → 2024-07-02), prior peak not yet recovered.

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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