Trend-Following Backtester · Guide · backtest 한국어

equity · TW

Winbond Electronics Corp. backtest

10 trend-following strategies were compared on the full daily history of Winbond Electronics Corp.. 10 beat buy-and-hold CAGR; 볼린저 밴드 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is 볼린저 밴드 돌파 (CAGR 11.6%, MDD -28.0%).

Data 2000-01-04 ~ 2026-07-31daily bars 6,608 (26.6 years)Costs 0.5%Venue TWSEMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR 3.6%, drawdown -97.7%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 11.6%, MDD -28.0%, Sharpe 0.67, 11% exposure.

CAGR reference leader: Donchian 채널 돌파 — CAGR 14.5%, MDD -63.2%, exposure 37%.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 8.0%p higher than buy and hold, while drawdown improves by 69.6%p (CAGR 11.6%, MDD -28.0%, exposure 11%).

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=44, k=3.5
11.6%-28.0%0.670.4218.7x3011%
Keltner 채널 돌파
emaPeriod=35, atrPeriod=19, mult=4
12.6%-36.6%0.630.3423.6x6017%
Donchian 채널 돌파
entryN=36, exitN=22
14.5%-63.2%0.600.2336.6x10237%
Supertrend
period=36, mult=4.6
13.9%-60.5%0.570.2331.5x9644%
ADX / DI 방향성
period=21, threshold=16
12.2%-51.6%0.540.2421.5x23037%
EMA 크로스오버
fast=8, slow=38
12.3%-61.3%0.520.2022.0x21248%
SMA 크로스오버
fast=10, slow=74
11.2%-65.0%0.480.1716.7x11947%
ROC 모멘텀
n=32, threshold=0.1
10.0%-64.5%0.480.1512.5x34826%
MACD
fast=10, slow=55, signal=25
10.5%-91.2%0.470.1214.4x30850%
Parabolic SAR
step=0.04, maxStep=0.14
8.0%-74.2%0.400.117.7x67050%
Buy and hold3.6%-97.7%0.310.042.6x1100%
0.1 1x 10x 2001 2005 2009 2013 2017 2021 2025 Donchian 채널 돌파볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파 (Sharpe leader), Donchian 채널 돌파 (CAGR reference), Buy and hold.
0% -24% -49% -73% -98% 2001 2005 2009 2013 2017 2021 2025 Buy and holdDonchian 채널 돌파볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -28.0% (2009-04-23 → 2011-01-03), recovered after 1,457 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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