Trend-Following Backtester · Guide · backtest 한국어

equity · US

Stewart Information Services Corporation backtest

10 trend-following strategies were compared on the full daily history of Stewart Information Services Corporation. 0 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester.

Data 1973-02-21 ~ 2026-07-31daily bars 13,474 (53.4 years)Costs 0.5%Venue XNYSMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 6.8%, drawdown -88.1%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 4.8%, MDD -57.3%, Sharpe 0.33, 38% 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=102, exitN=49
4.8%-57.3%0.330.0812.3x9038%
EMA 크로스오버
fast=58, slow=102
4.7%-66.3%0.300.0711.7x9756%
ADX / DI 방향성
period=39, threshold=29
3.3%-65.7%0.260.055.5x3817%
SMA 크로스오버
fast=31, slow=200
3.2%-69.9%0.250.055.5x9456%
볼린저 밴드 돌파
n=14, k=3.4
0.8%-16.7%0.230.051.5x221%
Parabolic SAR
step=0.01, maxStep=0.3
2.5%-90.8%0.230.033.8x63052%
Supertrend
period=24, mult=3.3
1.4%-81.6%0.180.022.1x32853%
ROC 모멘텀
n=87, threshold=0.08
1.4%-79.9%0.170.022.1x53938%
MACD
fast=24, slow=50, signal=18
-0.6%-82.6%0.11-0.010.7x53951%
Keltner 채널 돌파
emaPeriod=29, atrPeriod=27, mult=4
0.3%-65.1%0.080.001.2x9011%
Buy and hold6.8%-88.1%0.360.0832.9x1100%
1x 10x 1974 1981 1988 1995 2002 2009 2016 2023 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -22% -44% -66% -88% 1974 1981 1988 1995 2002 2009 2016 2023 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -57.3% (1983-05-11 → 1992-01-03), recovered after 5,459 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

Read next