Trend-Following Backtester · Guide · backtest 한국어

equity · US

American Electric Power Company, Inc. backtest

10 trend-following strategies were compared on the full daily history of American Electric Power Company, Inc.. 2 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester.

Data 1970-01-02 ~ 2026-07-31daily bars 14,266 (56.6 years)Costs 0.5%Venue XNASMonthly snapshot 2026-07-31

Results by strategy

2 of 10 beat buy and hold (CAGR 2.5%, drawdown -66.6%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 2.9%, MDD -54.7%, Sharpe 0.26, 80% exposure.

No strategy retained at least 75% of buy-and-hold CAGR while reducing drawdown by both 20% relatively and 5 percentage points absolutely.

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=78, exitN=242
2.9%-54.7%0.260.055.2x3580%
ROC 모멘텀
Hold-like · Exposure 100%
n=9, threshold=-0.15
2.8%-59.8%0.240.054.8x23100%
SMA 크로스오버
fast=51, slow=204
1.9%-45.7%0.200.042.8x8959%
EMA 크로스오버
fast=51, slow=244
1.2%-49.4%0.160.022.0x7761%
볼린저 밴드 돌파
n=60, k=3.5
0.4%-18.7%0.130.021.3x265%
ADX / DI 방향성
period=28, threshold=36
0.1%-7.8%0.090.021.1x101%
Parabolic SAR
step=0.005, maxStep=0.34
-1.6%-73.1%-0.04-0.020.4x47454%
Supertrend
period=21, mult=3.3
-1.7%-77.2%-0.05-0.020.4x32856%
Keltner 채널 돌파
emaPeriod=46, atrPeriod=28, mult=3.1
-1.4%-62.1%-0.11-0.020.5x18825%
MACD
fast=23, slow=45, signal=17
-3.0%-90.8%-0.15-0.030.2x63451%
Buy and hold2.5%-66.6%0.220.044.2x1100%
1x 1971 1978 1985 1992 1999 2006 2013 2020 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -17% -33% -50% -67% 1971 1978 1985 1992 1999 2006 2013 2020 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -54.7% (1971-01-13 → 1982-08-09), recovered after 9,695 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 carried forward from the latest full optimization and replayed on this monthly dataset. 0.5% trading costs are included; taxes, slippage and rejected orders are not.
Re-optimize the same period and setupAll asset reports

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