Trend-Following Backtester · Guide · backtest 한국어

equity · US

The J.M. Smucker Company backtest

10 trend-following strategies were compared on the full daily history of The J.M. Smucker Company. 0 beat buy-and-hold CAGR; 볼린저 밴드 돌파 ranks first by Sharpe, matching the main backtester.

Data 1994-10-31 ~ 2026-07-31daily bars 7,990 (31.7 years)Costs 0.5%Venue XNYSMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 5.2%, drawdown -48.9%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 1.3%, MDD -15.3%, Sharpe 0.30, 5% exposure.

CAGR reference leader: SMA 크로스오버 — CAGR 3.8%, MDD -42.7%, exposure 58%.

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
볼린저 밴드 돌파
n=24, k=3.5
1.3%-15.3%0.300.081.5x205%
SMA 크로스오버
fast=28, slow=415
3.8%-42.7%0.300.093.3x3358%
EMA 크로스오버
fast=75, slow=225
3.0%-52.9%0.250.062.5x3159%
Donchian 채널 돌파
entryN=11, exitN=72
0.3%-68.9%0.130.001.1x10984%
Keltner 채널 돌파
emaPeriod=50, atrPeriod=11, mult=3.8
0.5%-34.4%0.100.011.2x6519%
ADX / DI 방향성
period=25, threshold=24
-0.2%-35.9%0.00-0.010.9x7011%
Supertrend
period=11, mult=3.8
-1.7%-68.2%-0.01-0.030.6x15951%
ROC 모멘텀
n=147, threshold=-0.04
-4.3%-79.6%-0.12-0.050.2x32567%
Parabolic SAR
step=0.005, maxStep=0.36
-4.8%-83.4%-0.19-0.060.2x27153%
MACD
fast=17, slow=58, signal=15
-5.4%-86.5%-0.24-0.060.2x37950%
Buy and hold5.2%-48.9%0.330.115.0x1100%
1x 1995 1999 2003 2007 2011 2015 2019 2023 SMA 크로스오버볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파 (Sharpe leader), SMA 크로스오버 (CAGR reference), Buy and hold.
0% -12% -24% -37% -49% 1995 1999 2003 2007 2011 2015 2019 2023 Buy and holdSMA 크로스오버볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -15.3% (2000-10-06 → 2007-03-05), recovered after 2,404 days.

Rules of the top strategy

Breaking above the upper band (average plus a multiple of volatility) signals a strong move up.

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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