Trend-Following Backtester · Guide · backtest 한국어

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HOSHIZAKI Corp. backtest

10 trend-following strategies were compared on the full daily history of HOSHIZAKI Corp.. 0 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. Its 97% market exposure makes it hold-like.

Data 2008-12-10 ~ 2026-07-31daily bars 4,332 (17.6 years)Costs 0.5%Venue TSEMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 17.1%, drawdown -46.5%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 14.5%, MDD -43.1%, Sharpe 0.63, 97% exposure. With at least 95% exposure, it should be treated as hold-like, not strong evidence of timing skill.

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
ROC 모멘텀
Hold-like · Exposure 97%
n=10, threshold=-0.1
14.5%-43.1%0.630.3410.9x8197%
Donchian 채널 돌파
entryN=13, exitN=78
11.5%-45.6%0.550.256.8x3989%
EMA 크로스오버
fast=49, slow=110
8.1%-60.3%0.450.133.9x2970%
SMA 크로스오버
fast=20, slow=219
6.5%-61.5%0.400.113.1x3566%
Supertrend
period=20, mult=3
3.8%-52.9%0.290.071.9x12555%
Parabolic SAR
step=0.015, maxStep=0.24
1.6%-55.7%0.180.031.3x28555%
ADX / DI 방향성
period=27, threshold=25
0.5%-13.4%0.120.041.1x206%
MACD
fast=15, slow=30, signal=8
-0.0%-61.2%0.10-0.001.0x30550%
Keltner 채널 돌파
emaPeriod=15, atrPeriod=12, mult=3
0.1%-28.0%0.060.011.0x388%
볼린저 밴드 돌파
n=54, k=1.5
-0.7%-61.2%0.05-0.010.9x10744%
Buy and hold17.1%-46.5%0.680.3716.2x1100%
1x 10x 2009 2012 2015 2018 2021 2024 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -12% -23% -35% -47% 2009 2012 2015 2018 2021 2024 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -43.1% (2018-06-22 → 2019-03-28), recovered after 1,897 days.

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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