Trend-Following Backtester · Guide · backtest 한국어

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iShares MSCI Saudi Arabia ETF backtest

10 trend-following strategies were compared on the full daily history of iShares MSCI Saudi Arabia ETF. 1 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 4.2%, MDD -22.3%).

Data 2015-09-17 ~ 2026-07-31daily bars 2,733 (10.9 years)Costs 0.5%Venue XASEMonthly snapshot 2026-07-31

Results by strategy

1 of 10 beat buy and hold (CAGR 3.3%, drawdown -41.8%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 4.2%, MDD -22.3%, Sharpe 0.41, 55% exposure.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 0.9%p higher than buy and hold, while drawdown improves by 19.5%p (CAGR 4.2%, MDD -22.3%, exposure 55%).

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=36, exitN=39
4.2%-22.3%0.410.191.6x3055%
Supertrend
period=18, mult=4.3
3.3%-23.4%0.320.141.4x6457%
볼린저 밴드 돌파
n=32, k=1.8
2.1%-18.6%0.280.121.3x6834%
SMA 크로스오버
fast=22, slow=72
2.4%-34.9%0.260.071.3x3654%
ADX / DI 방향성
period=35, threshold=11
2.1%-28.4%0.260.081.3x8040%
EMA 크로스오버
fast=40, slow=56
1.8%-38.1%0.210.051.2x3255%
Keltner 채널 돌파
emaPeriod=33, atrPeriod=26, mult=3.1
1.1%-21.0%0.180.051.1x4827%
ROC 모멘텀
n=56, threshold=-0.06
0.6%-44.1%0.120.011.1x7781%
MACD
fast=15, slow=52, signal=16
-0.8%-36.3%-0.01-0.020.9x12647%
Parabolic SAR
step=0.03, maxStep=0.18
-3.1%-40.2%-0.18-0.080.7x26854%
Buy and hold3.3%-41.8%0.260.081.4x1100%
1x 2016 2018 2020 2022 2024 2026 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -10% -21% -31% -42% 2016 2018 2020 2022 2024 2026 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -22.3% (2022-04-18 → 2026-03-02), 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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