Trend-Following Backtester · Guide · backtest 한국어

equity · US

Nabors Industries Ltd. backtest

10 trend-following strategies were compared on the full daily history of Nabors Industries Ltd.. 7 beat buy-and-hold CAGR; Parabolic SAR ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is EMA 크로스오버 (CAGR 5.6%, MDD -75.1%).

Data 1973-02-21 ~ 2026-07-31daily bars 13,474 (53.4 years)Costs 0.5%Venue XNYSMonthly snapshot 2026-07-31

Results by strategy

7 of 10 beat buy and hold (CAGR 0.5%, drawdown -99.6%).

Sharpe leader (same as main): Parabolic SAR — CAGR 6.2%, MDD -85.7%, Sharpe 0.35, 51% exposure.

Return/drawdown alternative: EMA 크로스오버 — CAGR is 5.7%p higher than buy and hold, while drawdown improves by 13.9%p (CAGR 5.6%, MDD -75.1%, exposure 52%).

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
Parabolic SAR
step=0.01, maxStep=0.02
6.2%-85.7%0.350.0725.2x28651%
SMA 크로스오버
fast=22, slow=94
6.1%-91.3%0.350.0723.6x16053%
EMA 크로스오버
fast=53, slow=207
5.6%-75.1%0.340.0718.4x6552%
Donchian 채널 돌파
entryN=36, exitN=30
4.7%-82.3%0.320.0611.4x21650%
Supertrend
period=20, mult=5
2.7%-90.1%0.280.034.2x16650%
볼린저 밴드 돌파
n=54, k=2.7
3.9%-82.1%0.280.057.8x13824%
Keltner 채널 돌파
emaPeriod=70, atrPeriod=23, mult=3.5
1.8%-83.8%0.220.022.6x14428%
MACD
fast=17, slow=55, signal=19
-5.1%-99.2%0.19-0.050.1x61053%
ADX / DI 방향성
period=23, threshold=7
-4.4%-98.9%0.18-0.040.1x85854%
ROC 모멘텀
n=87, threshold=0.08
-3.4%-95.8%0.12-0.040.2x62643%
Buy and hold0.5%-99.6%0.380.001.3x1100%
1x 10x 1974 1981 1988 1995 2002 2009 2016 2023 Parabolic SARBuy and hold
Parabolic SAR: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -25% -50% -75% -100% 1974 1981 1988 1995 2002 2009 2016 2023 Buy and holdParabolic SAR
Parabolic SAR maximum drawdown -85.7% (2017-01-11 → 2020-11-12), prior peak not yet recovered.

Rules of the top strategy

Trades around the Parabolic SAR dots that accelerate toward price.

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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