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NEXT FUNDS NASDAQ-100(R) ETF backtest

10 trend-following strategies were compared on the full daily history of NEXT FUNDS NASDAQ-100(R) ETF. 2 beat buy-and-hold CAGR; 볼린저 밴드 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is 볼린저 밴드 돌파 (CAGR 1.2%, MDD -6.7%).

Data 2010-08-12 ~ 2026-07-31daily bars 3,924 (16.0 years)Costs 0.5%Venue TSEMonthly snapshot 2026-07-31

Results by strategy

2 of 10 beat buy and hold (CAGR -11.4%, drawdown -100.0%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 1.2%, MDD -6.7%, Sharpe 0.44, 2% exposure.

CAGR reference leader: Parabolic SAR — CAGR 5.6%, MDD -30.7%, exposure 62%.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 12.5%p higher than buy and hold, while drawdown improves by 93.3%p (CAGR 1.2%, MDD -6.7%, exposure 2%).

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
볼린저 밴드 돌파
n=22, k=3
1.2%-6.7%0.440.181.2x42%
Parabolic SAR
step=0.015, maxStep=0.36
5.6%-30.7%0.430.182.4x27262%
Donchian 채널 돌파
entryN=15, exitN=85
-15.1%-99.5%0.40-0.150.1x2791%
ROC 모멘텀
n=339, threshold=-0.02
-15.1%-99.5%0.40-0.150.1x3284%
EMA 크로스오버
fast=55, slow=210
-15.5%-100.0%0.25-0.160.1x1480%
SMA 크로스오버
fast=51, slow=202
-16.1%-100.0%0.25-0.160.1x1876%
Supertrend
period=19, mult=4.1
-19.1%-99.5%0.24-0.190.0x10669%
Keltner 채널 돌파
emaPeriod=46, atrPeriod=28, mult=1.7
-20.8%-99.5%0.16-0.210.0x12260%
MACD
fast=26, slow=32, signal=35
-23.0%-99.5%0.06-0.230.0x13752%
ADX / DI 방향성
period=30, threshold=8
-25.9%-99.5%-0.07-0.260.0x23260%
Buy and hold-11.4%-100.0%0.26-0.110.1x1100%
0.001 0.01 0.1 1x 10x 2011 2013 2015 2017 2019 2021 2023 2025 Parabolic SAR볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파 (Sharpe leader), Parabolic SAR (CAGR reference), Buy and hold.
0% -25% -50% -75% -100% 2011 2013 2015 2017 2019 2021 2023 2025 Buy and holdParabolic SAR볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -6.7% (2013-02-12 → 2023-05-08), recovered after 3,748 days.

Rules of the top strategy

Breaking above the upper band (average plus a multiple of volatility) signals a strong move up.

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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