Trend-Following Backtester · Guide · backtest 한국어

equity · TH

Muangthai Capital Public Co. Ltd. backtest

10 trend-following strategies were compared on the full daily history of Muangthai Capital Public Co. Ltd.. 0 beat buy-and-hold CAGR; 볼린저 밴드 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is MACD (CAGR 8.4%, MDD -40.2%).

Data 2014-11-26 ~ 2026-07-31daily bars 2,840 (11.7 years)Costs 0.5%Venue SETMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 9.4%, drawdown -62.2%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 4.6%, MDD -18.9%, Sharpe 0.47, 9% exposure.

CAGR reference leader: MACD — CAGR 8.4%, MDD -40.2%, exposure 49%.

Return/drawdown alternative: MACD — CAGR is 4.8%p lower than buy and hold, while drawdown improves by 43.3%p (CAGR 8.4%, MDD -40.2%, exposure 49%).

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=21, k=3
4.6%-18.9%0.470.251.7x229%
MACD
fast=10, slow=14, signal=23
8.4%-40.2%0.460.212.6x17249%
Donchian 채널 돌파
entryN=82, exitN=75
6.6%-30.1%0.400.222.1x1347%
Keltner 채널 돌파
emaPeriod=20, atrPeriod=11, mult=3
2.7%-13.8%0.350.201.4x125%
Supertrend
period=16, mult=2
3.6%-41.3%0.270.091.5x12154%
ROC 모멘텀
n=9, threshold=0.13
2.1%-24.3%0.270.091.3x744%
SMA 크로스오버
fast=11, slow=145
2.6%-55.2%0.230.051.3x3550%
Parabolic SAR
step=0.005, maxStep=0.26
2.4%-65.2%0.220.041.3x8952%
EMA 크로스오버
fast=53, slow=211
1.0%-58.3%0.170.021.1x1453%
ADX / DI 방향성
period=15, threshold=34
-0.3%-25.8%0.01-0.011.0x246%
Buy and hold9.4%-62.2%0.440.152.9x1100%
1x 2015 2017 2019 2021 2023 2025 MACD볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파 (Sharpe leader), MACD (CAGR reference), Buy and hold.
0% -16% -31% -47% -62% 2015 2017 2019 2021 2023 2025 Buy and holdMACD볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -18.9% (2016-12-07 → 2020-12-21), prior peak not yet recovered.

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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