Trend-Following Backtester · Guide · backtest 한국어

equity · JP

Nomura Holdings, Inc. backtest

10 trend-following strategies were compared on the full daily history of Nomura Holdings, Inc.. 8 beat buy-and-hold CAGR; 볼린저 밴드 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is 볼린저 밴드 돌파 (CAGR 6.2%, MDD -25.8%).

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 -1.0%, drawdown -93.6%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 6.2%, MDD -25.8%, Sharpe 0.72, 6% exposure.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 7.2%p higher than buy and hold, while drawdown improves by 67.8%p (CAGR 6.2%, MDD -25.8%, exposure 6%).

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=43, k=3.3
6.2%-25.8%0.720.244.9x126%
Donchian 채널 돌파
entryN=110, exitN=9
5.9%-38.8%0.510.154.6x6814%
Keltner 채널 돌파
emaPeriod=53, atrPeriod=15, mult=3.5
6.0%-38.4%0.440.164.7x6723%
Supertrend
period=17, mult=5
5.1%-71.1%0.330.073.8x9544%
ADX / DI 방향성
period=38, threshold=26
2.2%-26.5%0.330.081.8x84%
ROC 모멘텀
n=67, threshold=0.14
4.0%-43.1%0.310.092.8x19822%
SMA 크로스오버
fast=21, slow=84
2.9%-59.8%0.240.052.1x8944%
EMA 크로스오버
fast=8, slow=77
2.5%-55.8%0.220.051.9x14145%
Parabolic SAR
step=0.01, maxStep=0.22
-1.4%-90.9%0.07-0.020.7x34050%
MACD
fast=8, slow=53, signal=12
-4.5%-92.2%-0.05-0.050.3x47851%
Buy and hold-1.0%-93.6%0.17-0.010.8x1100%
1x 2001 2005 2009 2013 2017 2021 2025 볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -23% -47% -70% -94% 2001 2005 2009 2013 2017 2021 2025 Buy and hold볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -25.8% (2013-05-20 → 2013-06-04), recovered after 3,908 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

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