Trend-Following Backtester · Guide · backtest 한국어

equity · US

Waste Management, Inc. backtest

10 trend-following strategies were compared on the full daily history of Waste Management, Inc.. 0 beat buy-and-hold CAGR; ADX / DI 방향성 ranks first by Sharpe, matching the main backtester.

Data 1988-06-22 ~ 2026-07-31daily bars 9,598 (38.1 years)Costs 0.5%Venue XNYSMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 10.7%, drawdown -77.9%).

Sharpe leader (same as main): ADX / DI 방향성 — CAGR 5.8%, MDD -33.3%, Sharpe 0.44, 12% exposure.

CAGR reference leader: Donchian 채널 돌파 — CAGR 8.9%, MDD -74.7%, exposure 89%.

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
ADX / DI 방향성
period=30, threshold=24
5.8%-33.3%0.440.178.5x4612%
Donchian 채널 돌파
entryN=8, exitN=79
8.9%-74.7%0.430.1225.9x10189%
ROC 모멘텀
n=166, threshold=-0.12
8.1%-71.0%0.420.1119.6x14986%
SMA 크로스오버
fast=12, slow=204
7.3%-67.8%0.410.1114.5x8768%
EMA 크로스오버
fast=37, slow=99
6.6%-62.0%0.390.1111.5x8965%
볼린저 밴드 돌파
n=31, k=1.4
4.3%-57.3%0.300.085.0x34243%
MACD
fast=17, slow=51, signal=19
4.5%-65.3%0.300.075.3x40551%
Keltner 채널 돌파
emaPeriod=62, atrPeriod=26, mult=2.4
3.9%-47.4%0.290.084.3x16442%
Supertrend
period=11, mult=3.2
4.3%-54.9%0.290.085.0x23958%
Parabolic SAR
step=0.005, maxStep=0.24
3.3%-67.8%0.250.053.5x31055%
Buy and hold10.7%-77.9%0.470.1448.7x1100%
1x 10x 1989 1994 1999 2004 2009 2014 2019 2024 Donchian 채널 돌파ADX / DI 방향성Buy and hold
ADX / DI 방향성 (Sharpe leader), Donchian 채널 돌파 (CAGR reference), Buy and hold.
0% -19% -39% -58% -78% 1989 1994 1999 2004 2009 2014 2019 2024 Buy and holdDonchian 채널 돌파ADX / DI 방향성
ADX / DI 방향성 maximum drawdown -33.3% (1990-04-05 → 1990-05-01), recovered after 68 days.

Rules of the top strategy

Looks at both the direction and the strength of the trend; holds only in a strong uptrend.

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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