Trend-Following Backtester · Guide · backtest 한국어

equity · US

Enphase Energy, Inc. backtest

10 trend-following strategies were compared on the full daily history of Enphase Energy, Inc.. 9 beat buy-and-hold CAGR; SMA 크로스오버 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Donchian 채널 돌파 (CAGR 16.7%, MDD -51.0%).

Data 2012-03-30 ~ 2026-07-31daily bars 3,604 (14.3 years)Costs 0.5%Venue XNASMonthly snapshot 2026-07-31

Results by strategy

9 of 10 beat buy and hold (CAGR 12.0%, drawdown -96.0%).

Sharpe leader (same as main): SMA 크로스오버 — CAGR 42.4%, MDD -59.4%, Sharpe 0.90, 53% exposure.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 30.4%p higher than buy and hold, while drawdown improves by 36.6%p (CAGR 16.7%, MDD -51.0%, exposure 17%).

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
SMA 크로스오버
fast=57, slow=239
42.4%-59.4%0.900.71158.8x1553%
EMA 크로스오버
fast=54, slow=335
37.9%-63.5%0.860.6099.8x450%
Keltner 채널 돌파
emaPeriod=57, atrPeriod=10, mult=1.4
30.3%-67.0%0.780.4544.2x7438%
ROC 모멘텀
n=131, threshold=0.11
30.9%-62.5%0.770.4947.3x8843%
Donchian 채널 돌파
entryN=107, exitN=10
16.7%-51.0%0.630.339.1x3817%
ADX / DI 방향성
period=13, threshold=19
20.5%-82.1%0.610.2514.6x19840%
볼린저 밴드 돌파
n=29, k=1.1
20.2%-82.9%0.610.2414.0x14839%
Supertrend
period=29, mult=3.9
20.0%-94.0%0.600.2113.7x6245%
MACD
fast=9, slow=60, signal=11
19.8%-92.5%0.600.2113.3x22854%
Parabolic SAR
step=0.01, maxStep=0.28
9.4%-87.0%0.440.113.6x19448%
Buy and hold12.0%-96.0%0.540.135.1x1100%
0.1 1x 10x 100x 2013 2015 2017 2019 2021 2023 2025 SMA 크로스오버Buy and hold
SMA 크로스오버: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -24% -48% -72% -96% 2013 2015 2017 2019 2021 2023 2025 Buy and holdSMA 크로스오버
SMA 크로스오버 maximum drawdown -59.4% (2020-02-21 → 2020-03-18), recovered after 80 days.

Rules of the top strategy

When the short average rises above the long average, it reads that as an uptrend starting.

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