Trend-Following Backtester · Guide · backtest 한국어

equity · US

Ciena Corporation backtest

10 trend-following strategies were compared on the full daily history of Ciena Corporation. 7 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is EMA 크로스오버 (CAGR 9.6%, MDD -77.7%).

Data 1997-02-07 ~ 2026-07-31daily bars 7,415 (29.5 years)Costs 0.5%Venue XNYSMonthly snapshot 2026-07-31

Results by strategy

7 of 10 beat buy and hold (CAGR 3.7%, drawdown -99.5%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 12.5%, MDD -78.9%, Sharpe 0.49, 69% exposure.

Return/drawdown alternative: EMA 크로스오버 — CAGR is 8.9%p higher than buy and hold, while drawdown improves by 20.6%p (CAGR 9.6%, MDD -77.7%, exposure 57%).

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=33, exitN=63
12.5%-78.9%0.490.1632.5x6869%
SMA 크로스오버
fast=13, slow=49
11.4%-81.8%0.460.1423.9x17055%
ROC 모멘텀
n=39, threshold=-0.1
10.2%-87.1%0.440.1217.4x33274%
EMA 크로스오버
fast=27, slow=49
9.6%-77.7%0.430.1214.9x10657%
MACD
fast=18, slow=46, signal=24
6.3%-92.1%0.360.076.1x29453%
볼린저 밴드 돌파
n=43, k=1.2
6.0%-84.6%0.340.075.5x21643%
Supertrend
period=28, mult=4.9
4.6%-93.5%0.320.053.8x10851%
ADX / DI 방향성
period=22, threshold=11
2.1%-95.6%0.260.021.9x44051%
Keltner 채널 돌파
emaPeriod=41, atrPeriod=11, mult=2.3
3.1%-88.4%0.260.042.5x16234%
Parabolic SAR
step=0.025, maxStep=0.24
-1.9%-97.4%0.18-0.020.6x70851%
Buy and hold3.7%-99.5%0.390.042.9x1100%
0.1 1x 10x 1998 2002 2006 2010 2014 2018 2022 2026 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -25% -50% -75% -100% 1998 2002 2006 2010 2014 2018 2022 2026 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -78.9% (2000-10-20 → 2009-02-23), recovered after 9,091 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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