Trend-Following Backtester · Guide · backtest 한국어

equity · US

Commercial Metals Company backtest

10 trend-following strategies were compared on the full daily history of Commercial Metals Company. 0 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester.

Data 1980-03-17 ~ 2026-07-31daily bars 11,688 (46.4 years)Costs 0.5%Venue XNYSMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 11.3%, drawdown -83.9%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 8.7%, MDD -79.8%, Sharpe 0.42, 90% exposure.

No strategy retained at least 75% of buy-and-hold CAGR while reducing drawdown by both 20% relatively and 5 percentage points absolutely.

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=3, exitN=44
8.7%-79.8%0.420.1148.5x29590%
SMA 크로스오버
fast=54, slow=80
5.9%-49.5%0.350.1214.2x16955%
Supertrend
period=23, mult=4.6
4.7%-77.4%0.310.068.5x19655%
EMA 크로스오버
fast=33, slow=35
4.1%-78.5%0.290.056.5x20457%
ADX / DI 방향성
period=34, threshold=21
2.1%-40.3%0.250.052.7x8613%
MACD
fast=27, slow=38, signal=18
2.3%-81.6%0.220.032.8x47551%
Keltner 채널 돌파
emaPeriod=29, atrPeriod=22, mult=1.8
2.1%-75.4%0.210.032.7x34036%
Parabolic SAR
step=0.01, maxStep=0.1
1.8%-87.5%0.200.022.3x59553%
볼린저 밴드 돌파
n=57, k=1.9
2.0%-61.6%0.200.032.5x20235%
ROC 모멘텀
n=93, threshold=0.09
0.9%-83.2%0.150.011.5x43539%
Buy and hold11.3%-83.9%0.470.13144.4x1100%
1x 10x 100x 1981 1987 1993 1999 2005 2011 2017 2023 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -21% -42% -63% -84% 1981 1987 1993 1999 2005 2011 2017 2023 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -79.8% (2008-06-19 → 2019-06-05), recovered after 5,754 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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