Trend-Following Backtester · Guide · backtest 한국어

equity · US

ON Semiconductor Corporation backtest

10 trend-following strategies were compared on the full daily history of ON Semiconductor Corporation. 8 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Keltner 채널 돌파 (CAGR 8.6%, MDD -39.8%).

Data 2000-05-02 ~ 2026-07-31daily bars 6,601 (26.2 years)Costs 0.5%Venue XNASMonthly snapshot 2026-07-31

Results by strategy

8 of 10 beat buy and hold (CAGR 4.8%, drawdown -96.2%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 13.0%, MDD -65.8%, Sharpe 0.49, 69% exposure.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 8.3%p higher than buy and hold, while drawdown improves by 30.4%p (CAGR 8.6%, MDD -39.8%, exposure 31%).

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=26, exitN=56
13.0%-65.8%0.490.2024.8x6869%
Supertrend
period=3, mult=4
12.4%-56.6%0.490.2221.4x12053%
Keltner 채널 돌파
emaPeriod=44, atrPeriod=8, mult=2.7
8.6%-39.8%0.420.228.7x9631%
볼린저 밴드 돌파
n=40, k=2.1
8.5%-46.2%0.410.188.6x12233%
SMA 크로스오버
fast=16, slow=87
8.9%-70.1%0.410.139.4x11055%
EMA 크로스오버
fast=10, slow=210
7.1%-68.6%0.370.106.1x7156%
ROC 모멘텀
n=99, threshold=0.06
6.9%-61.5%0.370.115.8x20350%
ADX / DI 방향성
period=16, threshold=12
5.5%-76.0%0.330.074.1x47050%
MACD
fast=15, slow=45, signal=19
3.5%-76.4%0.290.052.5x29652%
Parabolic SAR
step=0.01, maxStep=0.1
3.1%-76.7%0.280.042.2x36052%
Buy and hold4.8%-96.2%0.380.053.4x1100%
0.1 1x 10x 2001 2005 2009 2013 2017 2021 2025 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -24% -48% -72% -96% 2001 2005 2009 2013 2017 2021 2025 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -65.8% (2002-04-24 → 2003-05-08), recovered after 499 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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