Trend-Following Backtester · Guide · backtest 한국어

equity · JP

United Urban Investment Corporation backtest

10 trend-following strategies were compared on the full daily history of United Urban Investment Corporation. 7 beat buy-and-hold CAGR; Keltner 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Keltner 채널 돌파 (CAGR 2.7%, MDD -16.0%).

Data 2005-09-29 ~ 2026-07-31daily bars 5,135 (20.8 years)Costs 0.5%Venue TSEMonthly snapshot 2026-07-31

Results by strategy

7 of 10 beat buy and hold (CAGR 1.5%, drawdown -74.8%).

Sharpe leader (same as main): Keltner 채널 돌파 — CAGR 2.7%, MDD -16.0%, Sharpe 0.52, 3% exposure.

CAGR reference leader: SMA 크로스오버 — CAGR 7.4%, MDD -31.7%, exposure 55%.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 1.3%p higher than buy and hold, while drawdown improves by 58.8%p (CAGR 2.7%, MDD -16.0%, exposure 3%).

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
Keltner 채널 돌파
emaPeriod=16, atrPeriod=20, mult=4
2.7%-16.0%0.520.171.8x83%
SMA 크로스오버
fast=29, slow=125
7.4%-31.7%0.500.234.4x4455%
ADX / DI 방향성
period=15, threshold=31
3.3%-17.8%0.430.182.0x5811%
Donchian 채널 돌파
entryN=67, exitN=96
5.9%-39.0%0.410.153.3x2264%
볼린저 밴드 돌파
n=58, k=2.9
3.3%-20.1%0.400.172.0x2413%
EMA 크로스오버
fast=44, slow=56
4.8%-31.7%0.360.152.7x5455%
ROC 모멘텀
n=104, threshold=-0.06
2.4%-44.8%0.220.051.6x15472%
Supertrend
period=9, mult=3.3
0.4%-54.1%0.110.011.1x11956%
MACD
fast=18, slow=52, signal=19
-1.5%-63.0%0.01-0.020.7x21151%
Parabolic SAR
step=0.005, maxStep=0.2
-2.2%-64.7%-0.03-0.030.6x15758%
Buy and hold1.5%-74.8%0.200.021.4x1100%
1x 2006 2009 2012 2015 2018 2021 2024 SMA 크로스오버Keltner 채널 돌파Buy and hold
Keltner 채널 돌파 (Sharpe leader), SMA 크로스오버 (CAGR reference), Buy and hold.
0% -19% -37% -56% -75% 2006 2009 2012 2015 2018 2021 2024 Buy and holdSMA 크로스오버Keltner 채널 돌파
Keltner 채널 돌파 maximum drawdown -16.0% (2007-02-23 → 2010-11-30), recovered after 1,421 days.

Rules of the top strategy

Breaking above the channel top (average plus a multiple of volatility) signals an upside breakout.

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

Read next