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Axis NIFTY IT ETF backtest

10 trend-following strategies were compared on the full daily history of Axis NIFTY IT ETF. 7 beat buy-and-hold CAGR; Keltner 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Keltner 채널 돌파 (CAGR 5.7%, MDD -10.2%).

Data 2021-03-25 ~ 2026-07-31daily bars 1,322 (5.3 years)Costs 0.5%Venue NSEMonthly snapshot 2026-07-31

Results by strategy

7 of 10 beat buy and hold (CAGR 5.1%, drawdown -42.2%).

Sharpe leader (same as main): Keltner 채널 돌파 — CAGR 5.7%, MDD -10.2%, Sharpe 0.89, 11% exposure.

CAGR reference leader: Supertrend — CAGR 10.6%, MDD -21.1%, exposure 51%.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 0.7%p higher than buy and hold, while drawdown improves by 32.0%p (CAGR 5.7%, MDD -10.2%, exposure 11%).

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
Keltner 채널 돌파
emaPeriod=26, atrPeriod=20, mult=3.8
5.7%-10.2%0.890.571.3x411%
ADX / DI 방향성
period=35, threshold=30
4.6%-6.6%0.820.701.3x27%
Supertrend
period=16, mult=2
10.6%-21.1%0.780.501.7x4551%
볼린저 밴드 돌파
n=23, k=3.4
3.6%-5.4%0.760.661.2x25%
SMA 크로스오버
fast=12, slow=25
9.6%-24.5%0.680.391.6x4553%
Donchian 채널 돌파
entryN=42, exitN=16
7.8%-17.7%0.680.441.5x1439%
EMA 크로스오버
fast=11, slow=37
9.1%-21.2%0.680.431.6x2756%
ROC 모멘텀
n=146, threshold=0.02
6.4%-16.4%0.560.391.4x2646%
MACD
fast=14, slow=23, signal=14
6.5%-18.0%0.510.361.4x7150%
Parabolic SAR
step=0.01, maxStep=0.24
0.5%-27.5%0.110.021.0x7554%
Buy and hold5.1%-42.2%0.340.121.3x1100%
1x 2022 2023 2024 2025 2026 SupertrendKeltner 채널 돌파Buy and hold
Keltner 채널 돌파 (Sharpe leader), Supertrend (CAGR reference), Buy and hold.
0% -11% -21% -32% -42% 2022 2023 2024 2025 2026 Buy and holdSupertrendKeltner 채널 돌파
Keltner 채널 돌파 maximum drawdown -10.2% (2021-09-21 → 2024-01-04), recovered after 878 days.

Rules of the top strategy

Breaking above the channel top (average plus a multiple of volatility) signals an upside breakout.

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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