Trend-Following Backtester · Guide · backtest 한국어

equity · US

Range Resources Corporation backtest

10 trend-following strategies were compared on the full daily history of Range Resources Corporation. 3 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester.

Data 1980-06-19 ~ 2026-07-31daily bars 11,622 (46.1 years)Costs 0.5%Venue XNYSMonthly snapshot 2026-07-31

Results by strategy

3 of 10 beat buy and hold (CAGR 3.7%, drawdown -97.9%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 7.0%, MDD -94.6%, Sharpe 0.38, 65% exposure.

CAGR reference leader: SMA 크로스오버 — CAGR 7.2%, MDD -80.0%, exposure 51%.

No strategy retained at least 75% of buy-and-hold CAGR while reducing drawdown by both 20% relatively and 5 percentage points absolutely.

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=48, exitN=96
7.0%-94.6%0.380.0722.3x5865%
SMA 크로스오버
fast=31, slow=151
7.2%-80.0%0.370.0924.4x9251%
EMA 크로스오버
fast=54, slow=93
3.9%-92.4%0.280.046.0x8453%
ROC 모멘텀
n=188, threshold=-0.04
1.9%-95.3%0.250.022.4x25562%
볼린저 밴드 돌파
n=55, k=2.6
-0.7%-76.2%0.09-0.010.7x11422%
Parabolic SAR
step=0.02, maxStep=0.2
-4.7%-98.9%0.08-0.050.1x79948%
Keltner 채널 돌파
emaPeriod=52, atrPeriod=10, mult=2.5
-1.0%-79.6%0.08-0.010.6x16225%
Supertrend
period=19, mult=5
-4.6%-97.9%0.07-0.050.1x11852%
ADX / DI 방향성
period=31, threshold=23
-3.5%-89.8%0.06-0.040.2x8424%
MACD
fast=38, slow=46, signal=22
-9.6%-99.8%-0.01-0.100.0x37154%
Buy and hold3.7%-97.9%0.370.045.3x1100%
0.1 1x 10x 1981 1987 1993 1999 2005 2011 2017 2023 SMA 크로스오버Donchian 채널 돌파Buy and hold
Donchian 채널 돌파 (Sharpe leader), SMA 크로스오버 (CAGR reference), Buy and hold.
0% -24% -49% -73% -98% 1981 1987 1993 1999 2005 2011 2017 2023 Buy and holdSMA 크로스오버Donchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -94.6% (1980-12-04 → 1992-11-24), recovered after 8,890 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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