Trend-Following Backtester · Guide · backtest 한국어

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Direxion Financial Bull 3X ETF backtest

10 trend-following strategies were compared on the full daily history of Direxion Financial Bull 3X ETF. 4 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is SMA 크로스오버 (CAGR 16.4%, MDD -53.5%).

Data 2008-11-19 ~ 2026-07-31daily bars 4,450 (17.7 years)Costs 0.5%Venue XASEMonthly snapshot 2026-07-31

Results by strategy

4 of 10 beat buy and hold (CAGR 15.0%, drawdown -91.6%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 21.6%, MDD -67.3%, Sharpe 0.65, 82% exposure.

Return/drawdown alternative: SMA 크로스오버 — CAGR is 6.6%p higher than buy and hold, while drawdown improves by 24.3%p (CAGR 16.4%, MDD -53.5%, exposure 67%).

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=24, exitN=64
21.6%-67.3%0.650.3231.9x3782%
ROC 모멘텀
n=124, threshold=0.03
17.8%-61.4%0.630.2918.2x13763%
SMA 크로스오버
fast=18, slow=104
16.4%-53.5%0.580.3114.7x5567%
EMA 크로스오버
fast=37, slow=60
15.5%-55.2%0.560.2812.8x4768%
Supertrend
period=18, mult=2.9
11.2%-62.9%0.470.186.6x13758%
MACD
fast=14, slow=27, signal=19
11.0%-71.2%0.450.156.3x25554%
Parabolic SAR
step=0.005, maxStep=0.34
9.2%-63.1%0.420.154.8x16557%
볼린저 밴드 돌파
n=41, k=1.4
9.0%-43.2%0.420.214.6x12346%
Keltner 채널 돌파
emaPeriod=43, atrPeriod=20, mult=3.9
6.1%-34.2%0.390.182.9x4121%
ADX / DI 방향성
period=31, threshold=33
0.5%-11.0%0.180.051.1x21%
Buy and hold15.0%-91.6%0.560.1611.9x1100%
1x 10x 2009 2012 2015 2018 2021 2024 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -23% -46% -69% -92% 2009 2012 2015 2018 2021 2024 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -67.3% (2010-04-14 → 2011-11-23), recovered after 1,059 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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