Trend-Following Backtester · Guide · backtest 한국어

equity · US

TJX Companies, Inc. (The) backtest

10 trend-following strategies were compared on the full daily history of TJX Companies, Inc. (The). 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 15.4%, MDD -49.2%).

Data 1987-06-26 ~ 2026-07-31daily bars 9,848 (39.1 years)Costs 0.5%Venue XNYSMonthly snapshot 2026-07-31

Results by strategy

1 of 10 beat buy and hold (CAGR 14.7%, drawdown -69.2%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 15.4%, MDD -49.2%, Sharpe 0.66, 80% exposure.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 0.7%p higher than buy and hold, while drawdown improves by 19.9%p (CAGR 15.4%, MDD -49.2%, exposure 80%).

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=98, exitN=183
15.4%-49.2%0.660.31266.8x2180%
SMA 크로스오버
fast=34, slow=209
12.1%-47.9%0.570.2587.6x5570%
EMA 크로스오버
fast=45, slow=143
10.7%-52.0%0.530.2154.1x5772%
ROC 모멘텀
n=69, threshold=-0.09
11.1%-70.2%0.520.1660.9x24784%
ADX / DI 방향성
period=51, threshold=14
5.0%-37.3%0.380.136.6x10426%
Supertrend
period=22, mult=4.9
4.1%-60.3%0.290.074.9x13264%
Keltner 채널 돌파
emaPeriod=73, atrPeriod=22, mult=4
2.8%-49.7%0.250.063.0x9633%
Parabolic SAR
step=0.005, maxStep=0.32
2.4%-72.8%0.220.032.5x35158%
볼린저 밴드 돌파
n=55, k=2.5
1.3%-55.5%0.170.021.7x12833%
MACD
fast=23, slow=53, signal=19
-0.9%-76.7%0.08-0.010.7x41151%
Buy and hold14.7%-69.2%0.570.21210.9x1100%
1x 10x 100x 1988 1993 1998 2003 2008 2013 2018 2023 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -17% -35% -52% -69% 1988 1993 1998 2003 2008 2013 2018 2023 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -49.2% (1989-06-14 → 1992-05-04), recovered after 1,358 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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