Trend-Following Backtester · Guide · backtest 한국어

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NHK Spring Co., Ltd. backtest

10 trend-following strategies were compared on the full daily history of NHK Spring Co., Ltd.. 0 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Donchian 채널 돌파 (CAGR 7.4%, MDD -56.0%).

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 8.0%, drawdown -81.0%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 7.4%, MDD -56.0%, Sharpe 0.44, 38% exposure.

CAGR reference leader: Supertrend — CAGR 7.9%, MDD -70.2%, exposure 54%.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 0.6%p lower than buy and hold, while drawdown improves by 25.0%p (CAGR 7.4%, MDD -56.0%, exposure 38%).

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
Donchian 채널 돌파
entryN=101, exitN=41
7.4%-56.0%0.440.136.3x4838%
Supertrend
period=17, mult=5
7.9%-70.2%0.430.117.0x8354%
SMA 크로스오버
fast=45, slow=165
7.9%-64.7%0.420.126.9x3953%
EMA 크로스오버
fast=34, slow=35
7.6%-69.4%0.420.116.5x10155%
볼린저 밴드 돌파
n=46, k=3.3
4.7%-27.5%0.400.173.2x3013%
ADX / DI 방향성
period=27, threshold=24
2.5%-37.7%0.260.071.9x3610%
ROC 모멘텀
n=86, threshold=0.09
3.1%-68.5%0.250.052.2x29938%
Keltner 채널 돌파
emaPeriod=53, atrPeriod=21, mult=1.8
2.7%-61.1%0.230.042.0x16641%
MACD
fast=13, slow=48, signal=19
1.1%-71.9%0.170.021.3x30652%
Parabolic SAR
step=0.015, maxStep=0.08
-3.7%-88.4%-0.02-0.040.4x38655%
Buy and hold8.0%-81.0%0.400.107.2x1100%
1x 2002 2006 2010 2014 2018 2022 2026 SupertrendDonchian 채널 돌파Buy and hold
Donchian 채널 돌파 (Sharpe leader), Supertrend (CAGR reference), Buy and hold.
0% -20% -40% -61% -81% 2002 2006 2010 2014 2018 2022 2026 Buy and holdSupertrendDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -56.0% (2013-05-21 → 2023-03-20), recovered after 4,650 days.

Rules of the top strategy

A new high means a trend starting; a new low means it’s over (turtle-trading style).

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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