Trend-Following Backtester · Guide · backtest 한국어

equity · CA

Canadian Pacific Kansas City Limited backtest

10 trend-following strategies were compared on the full daily history of Canadian Pacific Kansas City Limited. 0 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 10.9%, MDD -42.8%).

Data 2001-08-23 ~ 2026-07-31daily bars 6,263 (24.9 years)Costs 0.5%Venue TSXMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 12.8%, drawdown -62.9%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 10.9%, MDD -42.8%, Sharpe 0.58, 82% exposure.

CAGR reference leader: ROC 모멘텀 — CAGR 10.9%, MDD -54.1%, exposure 94%.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 1.9%p lower than buy and hold, while drawdown improves by 20.2%p (CAGR 10.9%, MDD -42.8%, exposure 82%).

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=38, exitN=131
10.9%-42.8%0.580.2513.1x2782%
ROC 모멘텀
n=98, threshold=-0.15
10.9%-54.1%0.550.2013.3x7594%
SMA 크로스오버
fast=41, slow=171
8.7%-38.5%0.510.227.9x4568%
EMA 크로스오버
fast=55, slow=204
7.6%-51.4%0.460.156.3x3372%
Supertrend
period=19, mult=3.6
4.9%-42.7%0.360.113.3x12556%
ADX / DI 방향성
period=36, threshold=35
0.5%-11.5%0.190.051.1x22%
볼린저 밴드 돌파
n=26, k=3.5
0.6%-21.9%0.180.031.2x123%
Parabolic SAR
step=0.005, maxStep=0.32
-0.8%-59.9%0.05-0.010.8x23055%
Keltner 채널 돌파
emaPeriod=31, atrPeriod=16, mult=3.6
-0.1%-33.6%0.02-0.001.0x5414%
MACD
fast=17, slow=28, signal=14
-2.3%-64.0%-0.04-0.040.6x37449%
Buy and hold12.8%-62.9%0.580.2020.2x1100%
1x 10x 2002 2006 2010 2014 2018 2022 2026 ROC 모멘텀Donchian 채널 돌파Buy and hold
Donchian 채널 돌파 (Sharpe leader), ROC 모멘텀 (CAGR reference), Buy and hold.
0% -16% -31% -47% -63% 2002 2006 2010 2014 2018 2022 2026 Buy and holdROC 모멘텀Donchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -42.8% (2007-07-18 → 2009-07-10), recovered after 1,289 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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