Trend-Following Backtester · Guide · backtest 한국어

equity · KR

키움증권 backtest

10 trend-following strategies were compared on the full daily history of 키움증권. 0 beat buy-and-hold CAGR; Keltner 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Donchian 채널 돌파 (CAGR 18.1%, MDD -55.1%).

Data 2004-04-27 ~ 2026-07-31daily bars 5,519 (22.3 years)Costs 0.5%Venue XKRXMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 18.7%, drawdown -79.3%).

Sharpe leader (same as main): Keltner 채널 돌파 — CAGR 13.9%, MDD -51.1%, Sharpe 0.65, 21% exposure.

CAGR reference leader: Donchian 채널 돌파 — CAGR 18.1%, MDD -55.1%, exposure 70%.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 4.8%p lower than buy and hold, while drawdown improves by 28.2%p (CAGR 18.1%, MDD -55.1%, exposure 70%).

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=46, atrPeriod=12, mult=3.4
13.9%-51.1%0.650.2718.1x5021%
ADX / DI 방향성
period=26, threshold=18
14.6%-49.9%0.650.2920.9x10427%
ROC 모멘텀
n=105, threshold=0.09
17.0%-50.9%0.640.3332.9x16243%
볼린저 밴드 돌파
n=41, k=2.6
14.0%-48.3%0.630.2918.4x7426%
SMA 크로스오버
fast=31, slow=132
17.5%-71.9%0.630.2436.5x5255%
Donchian 채널 돌파
entryN=41, exitN=72
18.1%-55.1%0.620.3340.6x4270%
MACD
fast=25, slow=33, signal=34
13.0%-70.1%0.540.1915.1x17651%
Supertrend
period=19, mult=4.9
13.0%-80.2%0.530.1615.0x6654%
EMA 크로스오버
fast=37, slow=69
13.1%-74.1%0.520.1815.4x6654%
Parabolic SAR
step=0.005, maxStep=0.3
7.0%-80.9%0.370.094.5x17452%
Buy and hold18.7%-79.3%0.600.2445.7x1100%
1x 10x 2005 2008 2011 2014 2017 2020 2023 2026 Donchian 채널 돌파Keltner 채널 돌파Buy and hold
Keltner 채널 돌파 (Sharpe leader), Donchian 채널 돌파 (CAGR reference), Buy and hold.
0% -20% -40% -59% -79% 2005 2008 2011 2014 2017 2020 2023 2026 Buy and holdDonchian 채널 돌파Keltner 채널 돌파
Keltner 채널 돌파 maximum drawdown -51.1% (2007-06-18 → 2020-07-24), recovered after 6,573 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

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