Trend-Following Backtester · Guide · backtest 한국어

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Kewpie Corporation backtest

10 trend-following strategies were compared on the full daily history of Kewpie Corporation. 0 beat buy-and-hold CAGR; ADX / DI 방향성 ranks first by Sharpe, matching the main backtester.

Data 2001-01-01 ~ 2026-07-31daily bars 6,373 (25.6 years)Costs 0.5%Venue TSEMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 6.3%, drawdown -48.4%).

Sharpe leader (same as main): ADX / DI 방향성 — CAGR 1.9%, MDD -30.1%, Sharpe 0.25, 11% exposure.

CAGR reference leader: EMA 크로스오버 — CAGR 2.3%, MDD -54.3%, exposure 56%.

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
ADX / DI 방향성
period=44, threshold=16
1.9%-30.1%0.250.061.6x3611%
EMA 크로스오버
fast=48, slow=277
2.3%-54.3%0.220.041.8x3356%
SMA 크로스오버
fast=50, slow=121
1.8%-57.5%0.190.031.6x6553%
Donchian 채널 돌파
entryN=71, exitN=70
0.9%-54.4%0.130.021.2x4753%
ROC 모멘텀
n=140, threshold=0.2
-0.1%-50.8%0.03-0.001.0x8211%
Supertrend
period=7, mult=4
-1.3%-68.7%0.01-0.020.7x12754%
볼린저 밴드 돌파
n=51, k=2.3
-0.9%-58.7%-0.01-0.020.8x10328%
MACD
fast=20, slow=23, signal=18
-1.8%-61.9%-0.03-0.030.6x31151%
Keltner 채널 돌파
emaPeriod=29, atrPeriod=20, mult=4
-0.9%-37.8%-0.07-0.020.8x408%
Parabolic SAR
step=0.005, maxStep=0.18
-3.1%-80.2%-0.11-0.040.5x19952%
Buy and hold6.3%-48.4%0.390.134.8x1100%
1x 2002 2006 2010 2014 2018 2022 2026 EMA 크로스오버ADX / DI 방향성Buy and hold
ADX / DI 방향성 (Sharpe leader), EMA 크로스오버 (CAGR reference), Buy and hold.
0% -14% -27% -41% -54% 2002 2006 2010 2014 2018 2022 2026 Buy and holdEMA 크로스오버ADX / DI 방향성
ADX / DI 방향성 maximum drawdown -30.1% (2015-04-09 → 2021-02-26), recovered after 3,388 days.

Rules of the top strategy

Looks at both the direction and the strength of the trend; holds only in a strong uptrend.

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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