Trend-Following Backtester · Guide · backtest 한국어

equity · JP

Nikon Corp. backtest

10 trend-following strategies were compared on the full daily history of Nikon Corp.. 8 beat buy-and-hold CAGR; ADX / DI 방향성 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ADX / DI 방향성 (CAGR 3.9%, MDD -27.4%).

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

8 of 10 beat buy and hold (CAGR -1.8%, drawdown -85.7%).

Sharpe leader (same as main): ADX / DI 방향성 — CAGR 3.9%, MDD -27.4%, Sharpe 0.35, 14% exposure.

Return/drawdown alternative: ADX / DI 방향성 — CAGR is 5.7%p higher than buy and hold, while drawdown improves by 58.3%p (CAGR 3.9%, MDD -27.4%, exposure 14%).

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=15, threshold=28
3.9%-27.4%0.350.142.8x10614%
볼린저 밴드 돌파
n=33, k=3.1
1.2%-29.9%0.170.041.4x328%
SMA 크로스오버
fast=18, slow=172
0.8%-77.4%0.160.011.2x6349%
EMA 크로스오버
fast=26, slow=151
0.8%-78.9%0.160.011.2x5149%
Donchian 채널 돌파
entryN=70, exitN=16
0.8%-51.7%0.140.011.2x8827%
Keltner 채널 돌파
emaPeriod=55, atrPeriod=22, mult=3
0.4%-61.8%0.120.011.1x9829%
ROC 모멘텀
n=119, threshold=-0.08
-1.0%-73.5%0.11-0.010.8x20363%
Supertrend
period=23, mult=4.1
-0.9%-64.6%0.10-0.010.8x13450%
MACD
fast=19, slow=59, signal=19
-2.0%-70.2%0.06-0.030.6x26053%
Parabolic SAR
step=0.01, maxStep=0.22
-4.1%-78.9%-0.02-0.050.3x34450%
Buy and hold-1.8%-85.7%0.16-0.020.6x1100%
1x 2001 2005 2009 2013 2017 2021 2025 ADX / DI 방향성Buy and hold
ADX / DI 방향성: 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 holdADX / DI 방향성
ADX / DI 방향성 maximum drawdown -27.4% (2014-12-08 → 2020-11-09), recovered after 2,298 days.

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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