Trend-Following Backtester · Guide · backtest 한국어

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iShares MSCI India ETF backtest

10 trend-following strategies were compared on the full daily history of iShares MSCI India ETF. 2 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is EMA 크로스오버 (CAGR 4.4%, MDD -23.5%).

Data 2012-02-03 ~ 2026-07-31daily bars 3,643 (14.5 years)Costs 0.5%Venue ARCXMonthly snapshot 2026-07-31

Results by strategy

2 of 10 beat buy and hold (CAGR 4.4%, drawdown -46.1%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 4.8%, MDD -27.3%, Sharpe 0.42, 59% exposure.

Return/drawdown alternative: EMA 크로스오버 — CAGR is 0.4%p higher than buy and hold, while drawdown improves by 18.8%p (CAGR 4.4%, MDD -23.5%, exposure 59%).

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=66, exitN=61
4.8%-27.3%0.420.172.0x2659%
볼린저 밴드 돌파
n=17, k=3.1
0.9%-5.0%0.400.181.1x42%
EMA 크로스오버
fast=29, slow=56
4.4%-23.5%0.400.191.9x4659%
SMA 크로스오버
fast=59, slow=95
4.1%-35.7%0.360.111.8x3159%
ROC 모멘텀
n=160, threshold=0.12
1.7%-28.8%0.240.061.3x6427%
ADX / DI 방향성
period=25, threshold=32
0.1%-2.7%0.110.051.0x21%
Supertrend
period=26, mult=4.7
0.2%-34.2%0.080.011.0x7859%
MACD
fast=19, slow=39, signal=15
-1.0%-30.4%-0.01-0.030.9x17749%
Keltner 채널 돌파
emaPeriod=58, atrPeriod=26, mult=4
-0.9%-35.4%-0.05-0.020.9x5231%
Parabolic SAR
step=0.015, maxStep=0.36
-5.6%-61.0%-0.34-0.090.4x25755%
Buy and hold4.4%-46.1%0.310.091.9x1100%
1x 2013 2015 2017 2019 2021 2023 2025 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -12% -23% -35% -46% 2013 2015 2017 2019 2021 2023 2025 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -27.3% (2018-01-23 → 2020-06-24), recovered after 1,071 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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