Trend-Following Backtester · Guide · backtest 한국어

equity · US

Harrow, Inc. backtest

10 trend-following strategies were compared on the full daily history of Harrow, Inc.. 6 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester.

Data 2007-09-28 ~ 2026-07-31daily bars 4,739 (18.8 years)Costs 0.5%Venue XNASMonthly snapshot 2026-07-31

Results by strategy

6 of 10 beat buy and hold (CAGR -5.8%, drawdown -99.5%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 3.2%, MDD -99.3%, Sharpe 0.55, 64% exposure.

CAGR reference leader: ADX / DI 방향성 — CAGR 8.2%, MDD -83.7%, exposure 13%.

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=40, exitN=73
3.2%-99.3%0.550.031.8x2964%
MACD
fast=28, slow=113, signal=29
-5.3%-98.5%0.50-0.050.4x10353%
SMA 크로스오버
fast=29, slow=84
2.5%-94.8%0.390.031.6x6148%
ADX / DI 방향성
period=20, threshold=29
8.2%-83.7%0.380.104.4x6413%
ROC 모멘텀
n=70, threshold=-0.02
-1.4%-95.5%0.34-0.010.8x22252%
Supertrend
period=30, mult=5
-12.2%-99.7%0.33-0.120.1x6348%
EMA 크로스오버
fast=30, slow=125
-2.6%-91.8%0.27-0.030.6x4345%
Parabolic SAR
step=0.01, maxStep=0.2
-14.2%-99.8%0.22-0.140.1x21044%
볼린저 밴드 돌파
n=46, k=2.1
-7.3%-97.6%0.21-0.070.2x8027%
Keltner 채널 돌파
emaPeriod=42, atrPeriod=17, mult=3.9
-9.5%-96.7%0.11-0.100.2x4015%
Buy and hold-5.8%-99.5%0.63-0.060.3x1100%
0.01 0.1 1x 10x 2008 2011 2014 2017 2020 2023 2026 ADX / DI 방향성Donchian 채널 돌파Buy and hold
Donchian 채널 돌파 (Sharpe leader), ADX / DI 방향성 (CAGR reference), Buy and hold.
0% -25% -50% -75% -99% 2008 2011 2014 2017 2020 2023 2026 Buy and holdADX / DI 방향성Donchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -99.3% (2009-10-05 → 2012-03-19), recovered after 5,434 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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