Trend-Following Backtester · Guide · backtest 한국어

etf · US

ProShares UltraPro S&P 500 backtest

10 trend-following strategies were compared on the full daily history of ProShares UltraPro S&P 500. 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 29.7%, MDD -59.4%).

Data 2009-06-25 ~ 2026-07-31daily bars 4,301 (17.1 years)Costs 0.5%Venue XASEMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 32.0%, drawdown -76.8%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 29.7%, MDD -59.4%, Sharpe 0.87, 87% exposure.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 2.3%p lower than buy and hold, while drawdown improves by 17.4%p (CAGR 29.7%, MDD -59.4%, exposure 87%).

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=19, exitN=66
29.7%-59.4%0.870.5085.5x3587%
ROC 모멘텀
n=122, threshold=0
20.2%-56.1%0.730.3623.3x7973%
SMA 크로스오버
fast=4, slow=169
18.6%-38.3%0.700.4918.6x6173%
EMA 크로스오버
fast=22, slow=99
18.9%-44.1%0.700.4319.4x4374%
Supertrend
period=7, mult=2.7
16.7%-37.4%0.690.4514.0x15861%
Parabolic SAR
step=0.005, maxStep=0.26
13.4%-41.9%0.580.328.6x17862%
MACD
fast=14, slow=38, signal=17
8.7%-48.5%0.440.184.2x23455%
볼린저 밴드 돌파
n=33, k=1.6
6.7%-47.2%0.400.143.0x13648%
Keltner 채널 돌파
emaPeriod=26, atrPeriod=20, mult=1.7
5.0%-46.0%0.340.112.3x16046%
ADX / DI 방향성
period=24, threshold=12
-0.6%-63.5%0.09-0.010.9x23443%
Buy and hold32.0%-76.8%0.800.42115.8x1100%
1x 10x 100x 2010 2013 2016 2019 2022 2025 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -19% -38% -58% -77% 2010 2013 2016 2019 2022 2025 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -59.4% (2022-01-03 → 2022-11-03), recovered after 912 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

Read next