Trend-Following Backtester · Guide · backtest 한국어

equity · US

Worthington Enterprises, Inc. backtest

10 trend-following strategies were compared on the full daily history of Worthington Enterprises, Inc.. 0 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

0 of 10 beat buy and hold (CAGR 8.5%, drawdown -72.4%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 4.9%, MDD -84.5%, Sharpe 0.31, 91% 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=5, exitN=84
4.9%-84.5%0.310.069.4x17591%
Supertrend
period=22, mult=5
0.9%-77.0%0.170.011.5x16855%
SMA 크로스오버
fast=58, slow=130
-0.1%-70.6%0.13-0.001.0x11157%
ADX / DI 방향성
period=49, threshold=25
0.7%-25.4%0.130.031.4x103%
Parabolic SAR
step=0.015, maxStep=0.38
-0.4%-95.4%0.11-0.000.8x77651%
EMA 크로스오버
fast=61, slow=152
-0.8%-83.6%0.10-0.010.7x8559%
MACD
fast=11, slow=22, signal=9
-1.7%-98.3%0.07-0.020.4x94750%
볼린저 밴드 돌파
n=46, k=2.9
-1.0%-83.1%0.01-0.010.6x11418%
ROC 모멘텀
n=137, threshold=0.13
-2.0%-88.5%0.01-0.020.4x39834%
Keltner 채널 돌파
emaPeriod=50, atrPeriod=16, mult=3.1
-3.5%-95.2%-0.11-0.040.2x18426%
Buy and hold8.5%-72.4%0.400.1244.5x1100%
1x 10x 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% -21% -42% -63% -84% 1981 1987 1993 1999 2005 2011 2017 2023 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -84.5% (1993-06-15 → 2009-03-20), recovered after 8,561 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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