Trend-Following Backtester · Guide · backtest 한국어

etf · AU

BlackRock (Australia) iShares MSCI Japan ETF backtest

10 trend-following strategies were compared on the full daily history of BlackRock (Australia) iShares MSCI Japan ETF. 3 beat buy-and-hold CAGR; ADX / DI 방향성 ranks first by Sharpe, matching the main backtester.

Data 2008-01-01 ~ 2026-07-31daily bars 4,696 (18.6 years)Costs 0.5%Venue ASXMonthly snapshot 2026-07-31

Results by strategy

3 of 10 beat buy and hold (CAGR 4.1%, drawdown -75.3%).

Sharpe leader (same as main): ADX / DI 방향성 — CAGR 0.4%, MDD -2.5%, Sharpe 0.30, 1% exposure.

CAGR reference leader: EMA 크로스오버 — CAGR 5.7%, MDD -75.3%, exposure 60%.

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=20, threshold=45
0.4%-2.5%0.300.161.1x21%
EMA 크로스오버
fast=52, slow=207
5.7%-75.3%0.250.082.8x1360%
ROC 모멘텀
Hold-like · Exposure 100%
n=11, threshold=-0.15
4.2%-75.3%0.240.062.1x5100%
SMA 크로스오버
fast=29, slow=217
4.7%-75.3%0.240.062.3x2360%
Donchian 채널 돌파
entryN=14, exitN=68
-0.5%-75.3%0.18-0.010.9x5782%
Supertrend
period=15, mult=4.5
-2.1%-76.0%0.15-0.030.7x8859%
볼린저 밴드 돌파
n=49, k=1.7
-4.3%-78.9%0.11-0.050.4x11839%
MACD
fast=16, slow=29, signal=19
-6.7%-85.7%0.08-0.080.3x24853%
Keltner 채널 돌파
emaPeriod=58, atrPeriod=23, mult=1.5
-7.3%-85.7%0.07-0.080.2x16243%
Parabolic SAR
step=0.005, maxStep=0.2
-10.7%-88.5%-0.33-0.120.1x15054%
Buy and hold4.1%-75.3%0.240.052.1x1100%
1x 2009 2012 2015 2018 2021 2024 EMA 크로스오버ADX / DI 방향성Buy and hold
ADX / DI 방향성 (Sharpe leader), EMA 크로스오버 (CAGR reference), Buy and hold.
0% -19% -38% -56% -75% 2009 2012 2015 2018 2021 2024 Buy and holdEMA 크로스오버ADX / DI 방향성
ADX / DI 방향성 maximum drawdown -2.5% (2015-04-14 → 2015-04-20), recovered after 7 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 selected on the same full-history sample using sharpe over 40 trials per strategy, so results contain in-sample bias. 0.5% trading costs are included; taxes, slippage and rejected orders are not.
Re-run the same setupAll asset reports

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