Trend-Following Backtester · Guide · backtest 한국어

equity · CA

Cascades Inc. backtest

10 trend-following strategies were compared on the full daily history of Cascades Inc.. 6 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is EMA 크로스오버 (CAGR 5.9%, MDD -46.0%).

Data 1995-01-12 ~ 2026-07-31daily bars 7,930 (31.5 years)Costs 0.5%Venue TSXMonthly snapshot 2026-07-31

Results by strategy

6 of 10 beat buy and hold (CAGR 2.1%, drawdown -90.3%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 7.1%, MDD -47.7%, Sharpe 0.41, 50% exposure.

Return/drawdown alternative: EMA 크로스오버 — CAGR is 5.0%p higher than buy and hold, while drawdown improves by 42.6%p (CAGR 5.9%, MDD -46.0%, exposure 48%).

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=54, exitN=45
7.1%-47.7%0.410.158.7x6950%
EMA 크로스오버
fast=49, slow=55
5.9%-46.0%0.370.136.1x7548%
SMA 크로스오버
fast=27, slow=132
5.6%-53.4%0.360.115.7x6347%
ROC 모멘텀
n=63, threshold=0.01
4.1%-62.4%0.290.063.5x31746%
볼린저 밴드 돌파
n=27, k=1.7
3.7%-52.4%0.280.073.1x24735%
Keltner 채널 돌파
emaPeriod=45, atrPeriod=12, mult=0.7
2.8%-59.8%0.230.052.4x30344%
Supertrend
period=20, mult=4.5
1.9%-61.5%0.200.031.8x12950%
ADX / DI 방향성
period=34, threshold=16
1.8%-58.7%0.190.031.7x13924%
MACD
fast=18, slow=59, signal=15
0.9%-68.7%0.160.011.3x33951%
Parabolic SAR
step=0.005, maxStep=0.38
0.8%-62.6%0.160.011.3x24551%
Buy and hold2.1%-90.3%0.230.021.9x1100%
1x 1996 2000 2004 2008 2012 2016 2020 2024 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -23% -45% -68% -90% 1996 2000 2004 2008 2012 2016 2020 2024 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -47.7% (2017-07-13 → 2019-05-31), recovered after 3,105 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 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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