Trend-Following Backtester · Guide · backtest 한국어

equity · US

National Health Investors, Inc. backtest

10 trend-following strategies were compared on the full daily history of National Health Investors, Inc.. 1 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 6.0%, MDD -53.2%).

Data 1991-10-09 ~ 2026-07-31daily bars 8,764 (34.8 years)Costs 0.5%Venue XNYSMonthly snapshot 2026-07-31

Results by strategy

1 of 10 beat buy and hold (CAGR 3.9%, drawdown -88.4%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 6.0%, MDD -53.2%, Sharpe 0.38, 81% exposure.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 2.1%p higher than buy and hold, while drawdown improves by 35.2%p (CAGR 6.0%, MDD -53.2%, exposure 81%).

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=65, exitN=199
6.0%-53.2%0.380.117.6x2281%
SMA 크로스오버
fast=40, slow=186
2.8%-72.1%0.240.042.6x5859%
EMA 크로스오버
fast=37, slow=163
2.1%-67.0%0.210.032.1x6662%
ADX / DI 방향성
period=24, threshold=36
0.3%-3.8%0.180.081.1x41%
ROC 모멘텀
n=128, threshold=-0.03
1.4%-59.5%0.170.021.6x25068%
Keltner 채널 돌파
emaPeriod=13, atrPeriod=10, mult=4
0.1%-2.0%0.170.051.0x20%
Supertrend
period=29, mult=5
-0.3%-66.1%0.09-0.010.9x11560%
볼린저 밴드 돌파
n=56, k=3.5
0.1%-30.4%0.040.001.0x122%
MACD
fast=15, slow=22, signal=17
-1.4%-82.4%0.03-0.020.6x49251%
Parabolic SAR
step=0.01, maxStep=0.34
-1.9%-70.1%0.01-0.030.5x48253%
Buy and hold3.9%-88.4%0.280.043.7x1100%
1x 10x 1992 1997 2002 2007 2012 2017 2022 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -22% -44% -66% -88% 1992 1997 2002 2007 2012 2017 2022 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -53.2% (2020-02-21 → 2023-10-23), 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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