Trend-Following Backtester · Guide · backtest 한국어

equity · US

BlackSky Technology Inc. backtest

10 trend-following strategies were compared on the full daily history of BlackSky Technology Inc.. 10 beat buy-and-hold CAGR; Supertrend ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Supertrend (CAGR 38.5%, MDD -47.8%).

Data 2019-12-20 ~ 2026-07-31daily bars 1,660 (6.6 years)Costs 0.5%Venue XNYSMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR -17.0%, drawdown -96.6%).

Sharpe leader (same as main): Supertrend — CAGR 38.5%, MDD -47.8%, Sharpe 0.88, 40% exposure.

Return/drawdown alternative: Supertrend — CAGR is 55.5%p higher than buy and hold, while drawdown improves by 48.8%p (CAGR 38.5%, MDD -47.8%, exposure 40%).

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
Supertrend
period=24, mult=2
38.5%-47.8%0.880.818.6x6240%
MACD
fast=19, slow=51, signal=19
23.3%-73.3%0.610.324.0x4855%
Parabolic SAR
step=0.04, maxStep=0.08
17.0%-64.5%0.520.262.8x13044%
Donchian 채널 돌파
entryN=6, exitN=10
10.8%-80.4%0.460.132.0x7252%
SMA 크로스오버
fast=64, slow=305
8.5%-66.8%0.410.131.7x727%
볼린저 밴드 돌파
n=37, k=0.8
7.6%-75.6%0.410.101.6x6840%
ADX / DI 방향성
period=21, threshold=8
3.7%-86.1%0.370.041.3x9660%
EMA 크로스오버
fast=15, slow=276
2.8%-62.0%0.320.041.2x827%
ROC 모멘텀
n=142, threshold=0.13
3.0%-63.5%0.320.051.2x4224%
Keltner 채널 돌파
emaPeriod=62, atrPeriod=22, mult=1.1
-6.0%-76.1%0.14-0.080.7x5432%
Buy and hold-17.0%-96.6%0.20-0.180.3x1100%
0.1 1x 10x 2020 2021 2022 2023 2024 2025 2026 SupertrendBuy and hold
Supertrend: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -24% -48% -72% -97% 2020 2021 2022 2023 2024 2025 2026 Buy and holdSupertrend
Supertrend maximum drawdown -47.8% (2021-09-09 → 2022-11-28), recovered after 1,169 days.

Rules of the top strategy

Trades the direction of a volatility-based trend line that trails below/above price.

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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