Trend-Following Backtester · Guide · backtest 한국어

equity · US

Carlisle Companies Incorporated backtest

10 trend-following strategies were compared on the full daily history of Carlisle Companies Incorporated. 0 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Donchian 채널 돌파 (CAGR 9.8%, MDD -47.6%).

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

0 of 10 beat buy and hold (CAGR 12.3%, drawdown -65.5%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 9.8%, MDD -47.6%, Sharpe 0.53, 64% exposure.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 2.5%p lower than buy and hold, while drawdown improves by 17.9%p (CAGR 9.8%, MDD -47.6%, exposure 64%).

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=42, exitN=51
9.8%-47.6%0.530.21150.7x14364%
EMA 크로스오버
fast=23, slow=79
8.1%-49.5%0.460.1663.7x16264%
SMA 크로스오버
fast=8, slow=115
7.5%-55.3%0.440.1448.1x22063%
ROC 모멘텀
n=129, threshold=-0.07
7.9%-63.0%0.440.1357.6x28975%
Supertrend
period=12, mult=5
6.8%-54.2%0.420.1333.9x21558%
볼린저 밴드 돌파
n=57, k=2.5
3.9%-42.4%0.330.097.8x16231%
MACD
fast=29, slow=98, signal=30
3.7%-66.1%0.280.067.0x34851%
Keltner 채널 돌파
emaPeriod=42, atrPeriod=19, mult=3.9
2.7%-55.6%0.260.054.2x17026%
ADX / DI 방향성
period=65, threshold=26
0.9%-19.3%0.250.051.7x41%
Parabolic SAR
step=0.01, maxStep=0.3
0.4%-81.5%0.120.001.2x70955%
Buy and hold12.3%-65.5%0.530.19501.0x1100%
1x 10x 100x 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% -16% -33% -49% -66% 1974 1981 1988 1995 2002 2009 2016 2023 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -47.6% (1999-01-06 → 2003-03-12), recovered after 3,906 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