Trend-Following Backtester · Guide · backtest 한국어

equity · US

Copart, Inc. backtest

10 trend-following strategies were compared on the full daily history of Copart, Inc.. 0 beat buy-and-hold CAGR; EMA 크로스오버 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is SMA 크로스오버 (CAGR 14.4%, MDD -48.8%).

Data 1994-03-17 ~ 2026-07-31daily bars 8,147 (32.4 years)Costs 0.5%Venue XNASMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 17.6%, drawdown -72.5%).

Sharpe leader (same as main): EMA 크로스오버 — CAGR 14.7%, MDD -53.0%, Sharpe 0.59, 77% exposure.

Return/drawdown alternative: SMA 크로스오버 — CAGR is 2.9%p lower than buy and hold, while drawdown improves by 19.5%p (CAGR 14.4%, MDD -48.8%, exposure 73%).

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
EMA 크로스오버
fast=56, slow=252
14.7%-53.0%0.590.2885.8x2677%
SMA 크로스오버
fast=44, slow=258
14.4%-48.8%0.590.2977.0x3473%
Donchian 채널 돌파
entryN=60, exitN=65
12.1%-53.4%0.540.2340.3x6067%
ROC 모멘텀
n=96, threshold=-0.08
10.8%-66.9%0.490.1627.5x17880%
Supertrend
period=20, mult=3
5.0%-68.9%0.320.074.9x22159%
Keltner 채널 돌파
emaPeriod=68, atrPeriod=14, mult=1.9
4.3%-60.2%0.300.073.9x17449%
ADX / DI 방향성
period=32, threshold=26
2.6%-34.8%0.300.072.3x3410%
Parabolic SAR
step=0.01, maxStep=0.16
3.9%-64.5%0.280.063.5x44355%
볼린저 밴드 돌파
n=25, k=2.2
2.3%-49.9%0.210.052.1x23634%
MACD
fast=17, slow=45, signal=22
-0.5%-59.4%0.11-0.010.9x35351%
Buy and hold17.6%-72.5%0.620.24190.2x1100%
1x 10x 100x 1995 1999 2003 2007 2011 2015 2019 2023 EMA 크로스오버Buy and hold
EMA 크로스오버: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -18% -36% -54% -72% 1995 1999 2003 2007 2011 2015 2019 2023 Buy and holdEMA 크로스오버
EMA 크로스오버 maximum drawdown -53.0% (1996-02-05 → 1998-03-25), recovered after 1,060 days.

Rules of the top strategy

Uses two exponential averages (more weight on recent prices) and trades their crossover.

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

Read next