Trend-Following Backtester · Guide · backtest 한국어

equity · CA

Toronto-Dominion Bank backtest

10 trend-following strategies were compared on the full daily history of Toronto-Dominion Bank. 0 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. Its 97% market exposure makes it hold-like.

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

0 of 10 beat buy and hold (CAGR 11.7%, drawdown -57.0%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 11.1%, MDD -53.2%, Sharpe 0.61, 97% exposure. With at least 95% exposure, it should be treated as hold-like, not strong evidence of timing skill.

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
ROC 모멘텀
Hold-like · Exposure 97%
n=26, threshold=-0.13
11.1%-53.2%0.610.2127.5x5997%
볼린저 밴드 돌파
n=60, k=2.9
5.2%-31.1%0.590.174.9x4323%
Donchian 채널 돌파
entryN=62, exitN=69
8.1%-41.0%0.560.2011.7x5573%
SMA 크로스오버
fast=24, slow=104
7.4%-36.9%0.530.209.4x8365%
EMA 크로스오버
fast=80, slow=124
7.1%-46.1%0.510.158.7x3970%
Keltner 채널 돌파
emaPeriod=51, atrPeriod=13, mult=1.5
5.2%-47.7%0.440.115.0x20752%
Supertrend
period=12, mult=4.3
4.9%-39.3%0.390.124.5x13358%
ADX / DI 방향성
period=35, threshold=13
4.0%-58.5%0.370.073.4x19739%
MACD
fast=24, slow=40, signal=18
0.9%-69.0%0.130.011.3x34251%
Parabolic SAR
step=0.005, maxStep=0.36
-0.4%-79.9%0.05-0.000.9x30258%
Buy and hold11.7%-57.0%0.600.2133.2x1100%
1x 10x 1996 2000 2004 2008 2012 2016 2020 2024 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -14% -29% -43% -57% 1996 2000 2004 2008 2012 2016 2020 2024 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -53.2% (2007-10-01 → 2009-03-05), recovered after 1,249 days.

Rules of the top strategy

Rides the trend when recent return (momentum) over a window is above a threshold.

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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