Trend-Following Backtester · Guide · backtest 한국어

equity · US

MillerKnoll, Inc. backtest

10 trend-following strategies were compared on the full daily history of MillerKnoll, Inc.. 0 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Donchian 채널 돌파 (CAGR 7.2%, MDD -58.3%).

Data 1980-03-17 ~ 2026-07-31daily bars 11,688 (46.4 years)Costs 0.5%Venue XNASMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 7.5%, drawdown -80.2%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 7.2%, MDD -58.3%, Sharpe 0.38, 75% exposure.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 0.3%p lower than buy and hold, while drawdown improves by 21.8%p (CAGR 7.2%, MDD -58.3%, exposure 75%).

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=15, exitN=46
7.2%-58.3%0.380.1225.1x18175%
Supertrend
period=9, mult=2.8
5.1%-74.3%0.320.0710.0x37553%
볼린저 밴드 돌파
n=22, k=3.1
2.6%-26.1%0.310.103.2x779%
Parabolic SAR
step=0.005, maxStep=0.36
2.4%-90.9%0.220.033.0x36554%
SMA 크로스오버
fast=13, slow=61
1.8%-73.9%0.200.022.3x24756%
Keltner 채널 돌파
emaPeriod=15, atrPeriod=27, mult=1.2
1.4%-83.3%0.170.021.9x56735%
MACD
fast=18, slow=37, signal=11
0.6%-90.8%0.150.011.3x64351%
ADX / DI 방향성
period=21, threshold=36
0.7%-30.2%0.140.021.4x545%
EMA 크로스오버
fast=32, slow=47
-0.4%-85.9%0.11-0.000.8x19557%
ROC 모멘텀
n=197, threshold=-0.03
-1.5%-88.9%0.07-0.020.5x36362%
Buy and hold7.5%-80.2%0.380.0929.1x1100%
1x 10x 1981 1987 1993 1999 2005 2011 2017 2023 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -20% -40% -60% -80% 1981 1987 1993 1999 2005 2011 2017 2023 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -58.3% (1998-03-24 → 2002-09-18), recovered after 3,108 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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