Trend-Following Backtester · Guide · backtest 한국어

equity · JP

Nippon Television Holdings, Inc. backtest

10 trend-following strategies were compared on the full daily history of Nippon Television Holdings, Inc.. 7 beat buy-and-hold CAGR; 볼린저 밴드 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ADX / DI 방향성 (CAGR 0.2%, MDD -11.3%).

Data 2001-01-01 ~ 2026-07-31daily bars 6,373 (25.6 years)Costs 0.5%Venue TSEMonthly snapshot 2026-07-31

Results by strategy

7 of 10 beat buy and hold (CAGR -1.1%, drawdown -82.7%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 2.0%, MDD -48.6%, Sharpe 0.20, 30% exposure.

Return/drawdown alternative: ADX / DI 방향성 — CAGR is 3.2%p higher than buy and hold, while drawdown improves by 34.1%p (CAGR 0.2%, MDD -11.3%, exposure 1%).

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=76, k=1.9
2.0%-48.6%0.200.041.7x6830%
SMA 크로스오버
fast=42, slow=176
1.8%-54.6%0.190.031.6x4044%
Donchian 채널 돌파
entryN=65, exitN=35
1.7%-45.3%0.180.041.5x5237%
ROC 모멘텀
n=183, threshold=0.16
1.0%-49.2%0.140.021.3x11823%
EMA 크로스오버
fast=16, slow=113
0.5%-66.0%0.130.011.1x6844%
Keltner 채널 돌파
emaPeriod=9, atrPeriod=11, mult=3.5
0.4%-12.8%0.120.031.1x61%
ADX / DI 방향성
period=29, threshold=42
0.2%-11.3%0.080.011.0x21%
Supertrend
period=7, mult=4.9
-1.6%-82.7%0.02-0.020.7x9548%
Parabolic SAR
step=0.01, maxStep=0.08
-6.8%-92.3%-0.23-0.070.2x31948%
MACD
fast=13, slow=34, signal=18
-10.4%-96.4%-0.39-0.110.1x37352%
Buy and hold-1.1%-82.7%0.12-0.010.7x1100%
1x 2002 2006 2010 2014 2018 2022 2026 볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -21% -41% -62% -83% 2002 2006 2010 2014 2018 2022 2026 Buy and hold볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -48.6% (2013-05-14 → 2023-02-20), recovered after 3,986 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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