Trend-Following Backtester · Guide · backtest 한국어

equity · KR

교보증권 backtest

10 trend-following strategies were compared on the full daily history of 교보증권. 10 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ADX / DI 방향성 (CAGR 4.7%, MDD -39.8%).

Data 2000-02-11 ~ 2026-07-31daily bars 6,616 (26.5 years)Costs 0.5%Venue XKRXMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR 1.7%, drawdown -86.8%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 12.2%, MDD -44.7%, Sharpe 0.62, 19% exposure.

Return/drawdown alternative: ADX / DI 방향성 — CAGR is 10.5%p higher than buy and hold, while drawdown improves by 42.2%p (CAGR 4.7%, MDD -39.8%, 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
Donchian 채널 돌파
entryN=78, exitN=13
12.2%-44.7%0.620.2720.9x6619%
Keltner 채널 돌파
emaPeriod=41, atrPeriod=9, mult=3
10.9%-41.9%0.550.2615.4x7420%
볼린저 밴드 돌파
n=55, k=2.8
8.9%-44.7%0.480.209.5x5419%
Supertrend
period=14, mult=2.3
10.1%-75.9%0.460.1312.8x24648%
SMA 크로스오버
fast=49, slow=81
9.7%-65.8%0.450.1511.6x8446%
MACD
fast=6, slow=48, signal=8
10.0%-77.6%0.450.1312.6x56851%
Parabolic SAR
step=0.005, maxStep=0.24
9.0%-74.4%0.430.129.9x20048%
ROC 모멘텀
n=80, threshold=-0.03
7.8%-73.9%0.390.117.2x27253%
ADX / DI 방향성
period=28, threshold=34
4.7%-39.8%0.370.123.4x206%
EMA 크로스오버
fast=7, slow=147
5.7%-71.0%0.330.084.3x10442%
Buy and hold1.7%-86.8%0.270.021.5x1100%
1x 10x 2001 2005 2009 2013 2017 2021 2025 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -22% -43% -65% -87% 2001 2005 2009 2013 2017 2021 2025 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -44.7% (2018-01-29 → 2024-09-12), recovered after 2,944 days.

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

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