Trend-Following Backtester · Guide · backtest 한국어

equity · US

Bank of America Corporation backtest

10 trend-following strategies were compared on the full daily history of Bank of America Corporation. 2 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Supertrend (CAGR 4.3%, MDD -75.1%).

Data 1973-02-21 ~ 2026-07-31daily bars 13,474 (53.4 years)Costs 0.5%Venue XNYSMonthly snapshot 2026-07-31

Results by strategy

2 of 10 beat buy and hold (CAGR 5.0%, drawdown -94.3%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 6.9%, MDD -80.5%, Sharpe 0.39, 62% exposure.

Return/drawdown alternative: Supertrend — CAGR is 1.9%p higher than buy and hold, while drawdown improves by 13.8%p (CAGR 4.3%, MDD -75.1%, exposure 53%).

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=21, exitN=33
6.9%-80.5%0.390.0935.4x21762%
SMA 크로스오버
fast=18, slow=91
5.3%-81.2%0.340.0716.0x18558%
Supertrend
period=18, mult=4.4
4.3%-75.1%0.300.069.6x22753%
EMA 크로스오버
fast=47, slow=180
3.1%-60.7%0.250.055.2x8761%
Parabolic SAR
step=0.025, maxStep=0.06
2.6%-90.5%0.230.034.0x78555%
ROC 모멘텀
n=56, threshold=-0.01
2.4%-90.9%0.220.033.6x69360%
볼린저 밴드 돌파
n=17, k=2.5
1.9%-54.2%0.210.032.7x28718%
ADX / DI 방향성
period=36, threshold=34
0.4%-16.8%0.160.031.3x81%
Keltner 채널 돌파
emaPeriod=37, atrPeriod=25, mult=1.5
0.5%-91.8%0.130.011.3x42942%
MACD
fast=15, slow=41, signal=8
-0.9%-95.8%0.10-0.010.6x87450%
Buy and hold5.0%-94.3%0.320.0513.3x1100%
1x 10x 1974 1981 1988 1995 2002 2009 2016 2023 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -24% -47% -71% -94% 1974 1981 1988 1995 2002 2009 2016 2023 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -80.5% (1999-04-12 → 2009-03-30), recovered after 7,987 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

Read next