Trend-Following Backtester · Guide · backtest 한국어

equity · US

AXT Inc backtest

10 trend-following strategies were compared on the full daily history of AXT Inc. 9 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester.

Data 1998-05-21 ~ 2026-07-31daily bars 7,092 (28.2 years)Costs 0.5%Venue XNASMonthly snapshot 2026-07-31

Results by strategy

9 of 10 beat buy and hold (CAGR 6.3%, drawdown -98.6%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 25.7%, MDD -80.5%, Sharpe 0.67, 49% 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=64, exitN=70
25.7%-80.5%0.670.32631.0x4249%
SMA 크로스오버
fast=51, slow=180
22.5%-84.9%0.640.26302.2x3145%
Supertrend
period=15, mult=4.7
20.1%-88.2%0.600.23176.0x7846%
ADX / DI 방향성
period=47, threshold=14
16.8%-83.7%0.570.2079.3x9828%
ROC 모멘텀
n=74, threshold=0.02
17.1%-87.9%0.560.1986.2x27445%
Keltner 채널 돌파
emaPeriod=48, atrPeriod=19, mult=2.3
16.5%-81.9%0.550.2073.7x11429%
EMA 크로스오버
fast=28, slow=62
16.5%-96.1%0.540.1774.7x8646%
볼린저 밴드 돌파
n=56, k=2.3
15.3%-81.3%0.530.1955.2x9229%
Parabolic SAR
step=0.005, maxStep=0.36
7.4%-85.1%0.410.097.5x21849%
MACD
fast=10, slow=26, signal=12
0.5%-96.7%0.290.001.1x50352%
Buy and hold6.3%-98.6%0.470.065.7x1100%
0.1 1x 10x 100x 1,000x 1999 2003 2007 2011 2015 2019 2023 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -25% -49% -74% -99% 1999 2003 2007 2011 2015 2019 2023 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -80.5% (2011-02-07 → 2014-10-27), recovered after 3,665 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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