Trend-Following Backtester · Guide · backtest 한국어

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iShares MSCI Mexico ETF backtest

10 trend-following strategies were compared on the full daily history of iShares MSCI Mexico ETF. 0 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Donchian 채널 돌파 (CAGR 5.3%, MDD -44.7%).

Data 1996-03-18 ~ 2026-07-31daily bars 7,642 (30.4 years)Costs 0.5%Venue XASEMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 6.8%, drawdown -67.3%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 5.3%, MDD -44.7%, Sharpe 0.40, 48% exposure.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 1.5%p lower than buy and hold, while drawdown improves by 22.6%p (CAGR 5.3%, MDD -44.7%, exposure 48%).

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=63, exitN=40
5.3%-44.7%0.400.124.8x6848%
볼린저 밴드 돌파
n=77, k=2
3.9%-48.6%0.350.083.2x8435%
Supertrend
period=14, mult=5
4.6%-56.8%0.340.083.9x10255%
SMA 크로스오버
fast=12, slow=163
4.4%-57.4%0.330.083.7x8557%
EMA 크로스오버
fast=31, slow=179
3.7%-56.0%0.290.073.1x5559%
ROC 모멘텀
n=77, threshold=0.05
2.5%-44.7%0.240.062.1x35044%
Keltner 채널 돌파
emaPeriod=37, atrPeriod=15, mult=4
1.4%-29.4%0.210.051.5x5213%
ADX / DI 방향성
period=38, threshold=11
0.0%-66.2%0.080.001.0x24438%
Parabolic SAR
step=0.005, maxStep=0.24
-1.0%-72.8%0.04-0.010.7x28157%
MACD
fast=16, slow=23, signal=18
-1.2%-69.3%0.02-0.020.7x43350%
Buy and hold6.8%-67.3%0.370.107.4x1100%
1x 1997 2001 2005 2009 2013 2017 2021 2025 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -17% -34% -50% -67% 1997 2001 2005 2009 2013 2017 2021 2025 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -44.7% (2014-09-05 → 2025-04-08), prior peak not yet recovered.

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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