Trend-Following Backtester · Guide · backtest 한국어

equity · US

American Eagle Outfitters, Inc. backtest

10 trend-following strategies were compared on the full daily history of American Eagle Outfitters, Inc.. 8 beat buy-and-hold CAGR; 볼린저 밴드 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Keltner 채널 돌파 (CAGR 15.1%, MDD -45.9%).

Data 1994-04-14 ~ 2026-07-31daily bars 8,128 (32.3 years)Costs 0.5%Venue XNYSMonthly snapshot 2026-07-31

Results by strategy

8 of 10 beat buy and hold (CAGR 9.6%, drawdown -80.7%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 22.3%, MDD -64.5%, Sharpe 0.77, 42% exposure.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 12.7%p higher than buy and hold, while drawdown improves by 16.2%p (CAGR 15.1%, MDD -45.9%, exposure 34%).

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
볼린저 밴드 돌파
n=87, k=1.2
22.3%-64.5%0.770.35660.1x8642%
Donchian 채널 돌파
entryN=56, exitN=51
21.1%-59.3%0.710.36488.3x5848%
ROC 모멘텀
n=72, threshold=0.05
19.7%-55.4%0.680.35328.9x26847%
SMA 크로스오버
fast=26, slow=75
19.3%-69.3%0.660.28297.2x11252%
EMA 크로스오버
fast=10, slow=73
17.5%-70.8%0.630.25184.1x14051%
Keltner 채널 돌파
emaPeriod=56, atrPeriod=12, mult=2.6
15.1%-45.9%0.620.3392.6x10834%
Supertrend
period=42, mult=4.7
14.9%-65.2%0.570.2389.3x9447%
ADX / DI 방향성
period=37, threshold=12
14.3%-58.3%0.570.2575.2x22240%
MACD
fast=17, slow=32, signal=10
6.2%-95.2%0.350.066.9x48752%
Parabolic SAR
step=0.01, maxStep=0.22
3.3%-97.0%0.280.032.9x45551%
Buy and hold9.6%-80.7%0.440.1219.2x1100%
1x 10x 100x 1995 1999 2003 2007 2011 2015 2019 2023 볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -20% -40% -61% -81% 1995 1999 2003 2007 2011 2015 2019 2023 Buy and hold볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -64.5% (2001-02-15 → 2003-05-12), recovered after 1,421 days.

Rules of the top strategy

Breaking above the upper band (average plus a multiple of volatility) signals a strong move up.

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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