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GLP J-REIT backtest

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

Data 2013-01-17 ~ 2026-07-31daily bars 3,331 (13.5 years)Costs 0.5%Venue TSEMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 5.7%, drawdown -47.6%).

Sharpe leader (same as main): ADX / DI 방향성 — CAGR 0.2%, MDD -0.6%, Sharpe 0.29, 0% exposure.

CAGR reference leader: SMA 크로스오버 — CAGR 1.8%, MDD -47.6%, exposure 48%.

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=32, threshold=39
0.2%-0.6%0.290.301.0x20%
ROC 모멘텀
n=26, threshold=0.13
1.0%-17.9%0.190.051.1x383%
SMA 크로스오버
fast=57, slow=209
1.8%-47.6%0.190.041.3x2048%
Keltner 채널 돌파
emaPeriod=25, atrPeriod=8, mult=3.7
0.6%-12.6%0.130.041.1x94%
Donchian 채널 돌파
entryN=97, exitN=78
0.8%-30.4%0.120.021.1x1750%
EMA 크로스오버
fast=54, slow=99
0.5%-42.2%0.110.011.1x2551%
Supertrend
period=17, mult=5
-0.5%-43.5%0.04-0.010.9x3751%
볼린저 밴드 돌파
n=42, k=3.5
-0.4%-13.6%-0.09-0.030.9x63%
MACD
fast=11, slow=36, signal=16
-3.7%-53.2%-0.21-0.070.6x18949%
Parabolic SAR
step=0.015, maxStep=0.36
-5.4%-68.3%-0.27-0.080.5x24154%
Buy and hold5.7%-47.6%0.360.122.1x1100%
1x 2014 2016 2018 2020 2022 2024 2026 SMA 크로스오버ADX / DI 방향성Buy and hold
ADX / DI 방향성 (Sharpe leader), SMA 크로스오버 (CAGR reference), Buy and hold.
0% -12% -24% -36% -48% 2014 2016 2018 2020 2022 2024 2026 Buy and holdSMA 크로스오버ADX / DI 방향성
ADX / DI 방향성 maximum drawdown -0.6% (2013-04-23 → 2013-04-25), prior peak not yet recovered.

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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