Trend-Following Backtester · Guide · backtest 한국어

equity · US

SPX Technologies, Inc. backtest

10 trend-following strategies were compared on the full daily history of SPX Technologies, Inc.. 1 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester.

Data 1980-03-17 ~ 2026-07-31daily bars 11,688 (46.4 years)Costs 0.5%Venue XNYSMonthly snapshot 2026-07-31

Results by strategy

1 of 10 beat buy and hold (CAGR 11.6%, drawdown -81.2%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 12.1%, MDD -68.8%, Sharpe 0.53, 78% exposure.

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=20, exitN=66
12.1%-68.8%0.530.18200.6x12478%
ROC 모멘텀
n=60, threshold=-0.11
10.4%-77.4%0.480.1398.7x32582%
Supertrend
period=27, mult=3.4
8.2%-69.5%0.440.1238.3x31655%
EMA 크로스오버
fast=13, slow=146
8.1%-80.1%0.430.1036.9x13864%
SMA 크로스오버
fast=52, slow=176
7.9%-69.8%0.420.1134.4x6165%
MACD
fast=37, slow=64, signal=24
5.4%-68.9%0.340.0811.6x33851%
볼린저 밴드 돌파
n=46, k=1.3
4.1%-70.8%0.290.066.4x32045%
Keltner 채널 돌파
emaPeriod=61, atrPeriod=12, mult=1.7
3.7%-83.3%0.280.045.4x30448%
Parabolic SAR
step=0.01, maxStep=0.3
2.3%-82.2%0.220.032.9x60653%
ADX / DI 방향성
period=21, threshold=12
1.7%-80.2%0.190.022.2x64449%
Buy and hold11.6%-81.2%0.480.14163.3x1100%
1x 10x 100x 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% -41% -61% -81% 1981 1987 1993 1999 2005 2011 2017 2023 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -68.8% (1983-11-22 → 1995-07-26), recovered after 4,801 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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