Trend-Following Backtester · Guide · backtest 한국어

equity · TW

Ennoconn Corp. backtest

10 trend-following strategies were compared on the full daily history of Ennoconn Corp.. 2 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. Its 98% market exposure makes it hold-like. The return/drawdown alternative is Donchian 채널 돌파 (CAGR 14.9%, MDD -46.2%).

Data 2013-03-12 ~ 2026-07-31daily bars 3,266 (13.4 years)Costs 0.5%Venue TWSEMonthly snapshot 2026-07-31

Results by strategy

2 of 10 beat buy and hold (CAGR 14.3%, drawdown -77.7%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 17.6%, MDD -58.8%, Sharpe 0.63, 98% exposure. With at least 95% exposure, it should be treated as hold-like, not strong evidence of timing skill.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 3.3%p higher than buy and hold, while drawdown improves by 18.9%p (CAGR 14.9%, MDD -46.2%, exposure 83%).

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
ROC 모멘텀
Hold-like · Exposure 98%
n=3, threshold=-0.1
17.6%-58.8%0.630.308.8x5298%
Supertrend
period=25, mult=4.1
14.0%-49.8%0.620.285.8x5057%
SMA 크로스오버
fast=10, slow=41
13.6%-42.5%0.610.325.5x8959%
Donchian 채널 돌파
entryN=8, exitN=50
14.9%-46.2%0.590.326.4x4983%
EMA 크로스오버
fast=14, slow=31
12.2%-51.2%0.560.244.7x8361%
MACD
fast=11, slow=35, signal=7
9.8%-52.7%0.490.193.5x24449%
ADX / DI 방향성
period=20, threshold=44
2.7%-15.0%0.460.181.4x22%
볼린저 밴드 돌파
n=57, k=1.3
6.4%-58.0%0.370.112.3x7547%
Keltner 채널 돌파
emaPeriod=52, atrPeriod=8, mult=3.2
4.9%-62.8%0.330.081.9x4129%
Parabolic SAR
step=0.02, maxStep=0.12
4.8%-51.4%0.310.091.9x24452%
Buy and hold14.3%-77.7%0.550.186.0x1100%
1x 10x 2014 2016 2018 2020 2022 2024 2026 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -19% -39% -58% -78% 2014 2016 2018 2020 2022 2024 2026 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -58.8% (2018-03-07 → 2020-03-16), recovered after 895 days.

Rules of the top strategy

Rides the trend when recent return (momentum) over a window is above a threshold.

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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