Trend-Following Backtester · Guide · backtest 한국어

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Fujikura Ltd backtest

10 trend-following strategies were compared on the full daily history of Fujikura Ltd. 3 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ROC 모멘텀 (CAGR 22.1%, MDD -52.6%).

Data 2000-01-04 ~ 2026-07-31daily bars 6,632 (26.6 years)Costs 0.5%Venue TSEMonthly snapshot 2026-07-31

Results by strategy

3 of 10 beat buy and hold (CAGR 17.0%, drawdown -86.0%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 22.1%, MDD -52.6%, Sharpe 0.75, 54% exposure.

Return/drawdown alternative: ROC 모멘텀 — CAGR is 5.0%p higher than buy and hold, while drawdown improves by 33.3%p (CAGR 22.1%, MDD -52.6%, exposure 54%).

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
ROC 모멘텀
n=186, threshold=0.02
22.1%-52.6%0.750.42200.6x10354%
EMA 크로스오버
fast=42, slow=206
20.8%-52.6%0.720.40152.9x2155%
SMA 크로스오버
fast=7, slow=216
19.2%-52.6%0.690.37107.5x6353%
Donchian 채널 돌파
entryN=109, exitN=36
15.6%-52.4%0.650.3047.0x4836%
Keltner 채널 돌파
emaPeriod=45, atrPeriod=25, mult=3.8
12.9%-45.7%0.620.2825.4x7628%
ADX / DI 방향성
period=14, threshold=43
5.1%-17.2%0.600.303.7x264%
볼린저 밴드 돌파
n=51, k=2.9
11.0%-46.0%0.590.2415.9x5021%
Supertrend
period=28, mult=4.7
9.7%-83.7%0.450.1211.7x11852%
MACD
fast=18, slow=42, signal=16
5.8%-74.2%0.340.084.5x31451%
Parabolic SAR
step=0.015, maxStep=0.12
4.6%-82.2%0.300.063.3x43452%
Buy and hold17.0%-86.0%0.570.2065.4x1100%
1x 10x 100x 2001 2005 2009 2013 2017 2021 2025 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -21% -43% -64% -86% 2001 2005 2009 2013 2017 2021 2025 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -52.6% (2026-05-13 → 2026-07-30), prior peak not yet recovered.

Rules of the top strategy

Rides the trend when recent return (momentum) over a window is above a threshold.

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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