Trend-Following Backtester · Guide · backtest 한국어

equity · JP

Keio Corporation backtest

10 trend-following strategies were compared on the full daily history of Keio Corporation. 0 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester.

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

0 of 10 beat buy and hold (CAGR 3.3%, drawdown -63.2%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 0.3%, MDD -61.3%, Sharpe 0.12, 81% exposure.

CAGR reference leader: SMA 크로스오버 — CAGR 0.6%, MDD -60.6%, exposure 54%.

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
Donchian 채널 돌파
entryN=14, exitN=67
0.3%-61.3%0.120.001.1x8981%
SMA 크로스오버
fast=55, slow=201
0.6%-60.6%0.120.011.2x5054%
EMA 크로스오버
fast=75, slow=151
0.3%-57.5%0.100.001.1x4256%
ROC 모멘텀
n=142, threshold=-0.08
0.0%-52.7%0.100.001.0x13374%
Supertrend
period=22, mult=5
0.2%-50.3%0.100.001.0x9154%
ADX / DI 방향성
period=27, threshold=38
0.1%-9.1%0.090.021.0x20%
볼린저 밴드 돌파
n=46, k=3.3
0.4%-23.4%0.090.021.1x207%
Keltner 채널 돌파
emaPeriod=9, atrPeriod=11, mult=4
0.1%-3.7%0.090.021.0x20%
Parabolic SAR
step=0.005, maxStep=0.34
-4.0%-72.0%-0.17-0.060.3x22151%
MACD
fast=19, slow=25, signal=14
-4.8%-76.7%-0.22-0.060.3x37552%
Buy and hold3.3%-63.2%0.260.052.4x1100%
1x 2001 2005 2009 2013 2017 2021 2025 SMA 크로스오버Donchian 채널 돌파Buy and hold
Donchian 채널 돌파 (Sharpe leader), SMA 크로스오버 (CAGR reference), Buy and hold.
0% -16% -32% -47% -63% 2001 2005 2009 2013 2017 2021 2025 Buy and holdSMA 크로스오버Donchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -61.3% (2021-02-15 → 2024-10-25), prior peak not yet recovered.

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

Read next