Trend-Following Backtester · Guide · backtest 한국어

equity · US

ONEOK, Inc. backtest

10 trend-following strategies were compared on the full daily history of ONEOK, 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 7.5%, MDD -40.5%).

Data 1980-10-01 ~ 2026-07-31daily bars 11,550 (45.8 years)Costs 0.5%Venue XNYSMonthly snapshot 2026-07-31

Results by strategy

1 of 10 beat buy and hold (CAGR 7.1%, drawdown -80.2%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 7.5%, MDD -40.5%, Sharpe 0.50, 53% exposure.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 0.4%p higher than buy and hold, while drawdown improves by 39.6%p (CAGR 7.5%, MDD -40.5%, exposure 53%).

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=69, exitN=44
7.5%-40.5%0.500.1927.8x9953%
SMA 크로스오버
fast=27, slow=79
7.0%-51.0%0.430.1421.8x14159%
EMA 크로스오버
fast=15, slow=161
5.8%-53.7%0.380.1113.0x12364%
ROC 모멘텀
n=149, threshold=-0.04
5.0%-59.2%0.340.099.5x32570%
Supertrend
period=12, mult=4.3
4.5%-65.5%0.320.077.4x18459%
Keltner 채널 돌파
emaPeriod=51, atrPeriod=28, mult=2.2
2.9%-57.2%0.270.053.8x23039%
볼린저 밴드 돌파
n=53, k=2.3
2.7%-51.9%0.260.053.3x16632%
ADX / DI 방향성
period=31, threshold=13
2.1%-60.4%0.210.042.6x33037%
MACD
fast=31, slow=62, signal=26
1.9%-73.3%0.200.032.4x34752%
Parabolic SAR
step=0.005, maxStep=0.36
-0.5%-82.1%0.08-0.010.8x39356%
Buy and hold7.1%-80.2%0.380.0923.3x1100%
1x 10x 1981 1987 1993 1999 2005 2011 2017 2023 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -20% -40% -60% -80% 1981 1987 1993 1999 2005 2011 2017 2023 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -40.5% (2021-07-09 → 2023-11-08), recovered after 1,218 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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