Trend-Following Backtester · Guide · backtest 한국어

equity · IL

NICE Ltd. backtest

10 trend-following strategies were compared on the full daily history of NICE Ltd.. 0 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. Its 99% market exposure makes it hold-like.

Data 2002-08-12 ~ 2026-07-31daily bars 4,922 (24.0 years)Costs 0.5%Venue TASEMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 10.8%, drawdown -75.2%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 8.7%, MDD -76.0%, Sharpe 0.74, 99% 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 99%
n=1, threshold=-0.11
8.7%-76.0%0.740.117.4x10199%
SMA 크로스오버
fast=42, slow=150
8.7%-70.0%0.640.127.4x2863%
EMA 크로스오버
fast=45, slow=94
4.9%-78.2%0.630.063.2x3865%
Donchian 채널 돌파
entryN=76, exitN=65
1.9%-80.8%0.580.021.6x3260%
Supertrend
period=3, mult=4.9
-13.0%-99.2%0.52-0.130.0x10961%
Parabolic SAR
step=0.005, maxStep=0.34
-19.5%-99.7%0.19-0.200.0x15747%
ADX / DI 방향성
period=56, threshold=19
0.5%-55.4%0.120.011.1x414%
Keltner 채널 돌파
emaPeriod=76, atrPeriod=9, mult=3.1
-32.9%-100.0%0.02-0.330.0x10635%
MACD
fast=16, slow=49, signal=19
-47.4%-100.0%-0.06-0.470.0x27952%
볼린저 밴드 돌파
n=76, k=1.8
-45.6%-100.0%-0.08-0.460.0x11438%
Buy and hold10.8%-75.2%0.750.1411.6x1100%
1x 10x 2003 2006 2009 2012 2015 2018 2021 2024 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -19% -38% -57% -76% 2003 2006 2009 2012 2015 2018 2021 2024 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -76.0% (2021-11-11 → 2026-06-19), prior peak not yet recovered.

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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