Trend-Following Backtester · Guide · backtest 한국어

equity · JP

Rohto Pharmaceutical Co., Ltd. backtest

10 trend-following strategies were compared on the full daily history of Rohto Pharmaceutical Co., Ltd.. 0 beat buy-and-hold CAGR; 볼린저 밴드 돌파 ranks first by Sharpe, matching the main backtester.

Data 2001-01-04 ~ 2026-07-31daily bars 6,370 (25.6 years)Costs 0.5%Venue TSEMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 7.7%, drawdown -52.1%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 3.1%, MDD -16.1%, Sharpe 0.43, 9% exposure.

CAGR reference leader: SMA 크로스오버 — CAGR 7.2%, MDD -51.9%, exposure 60%.

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
볼린저 밴드 돌파
n=23, k=3.1
3.1%-16.1%0.430.192.2x369%
SMA 크로스오버
fast=61, slow=173
7.2%-51.9%0.420.145.9x3860%
Donchian 채널 돌파
entryN=11, exitN=76
6.0%-60.7%0.350.104.4x7386%
EMA 크로스오버
fast=43, slow=254
3.1%-59.4%0.250.052.2x4259%
Keltner 채널 돌파
emaPeriod=29, atrPeriod=29, mult=3.2
1.4%-52.5%0.180.031.4x10624%
ADX / DI 방향성
period=31, threshold=33
0.7%-14.3%0.160.051.2x62%
ROC 모멘텀
n=146, threshold=0.01
0.4%-76.9%0.130.011.1x20458%
Supertrend
period=22, mult=4.9
-0.4%-66.1%0.09-0.010.9x11956%
Parabolic SAR
step=0.005, maxStep=0.36
-2.0%-64.6%-0.01-0.030.6x20553%
MACD
fast=23, slow=46, signal=24
-2.3%-62.0%-0.02-0.040.6x24752%
Buy and hold7.7%-52.1%0.400.156.6x1100%
1x 10x 2002 2006 2010 2014 2018 2022 2026 SMA 크로스오버볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파 (Sharpe leader), SMA 크로스오버 (CAGR reference), Buy and hold.
0% -13% -26% -39% -52% 2002 2006 2010 2014 2018 2022 2026 Buy and holdSMA 크로스오버볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -16.1% (2001-06-01 → 2004-05-27), recovered after 1,138 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

Read next