Trend-Following Backtester · Guide · backtest 한국어

equity · US

Gray Media, Inc. backtest

10 trend-following strategies were compared on the full daily history of Gray Media, Inc.. 10 beat buy-and-hold CAGR; ADX / DI 방향성 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ADX / DI 방향성 (CAGR 8.6%, MDD -33.3%).

Data 2002-08-30 ~ 2026-07-31daily bars 6,017 (23.9 years)Costs 0.5%Venue XNYSMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR -4.4%, drawdown -98.9%).

Sharpe leader (same as main): ADX / DI 방향성 — CAGR 8.6%, MDD -33.3%, Sharpe 0.54, 5% exposure.

CAGR reference leader: Supertrend — CAGR 10.5%, MDD -73.0%, exposure 49%.

Return/drawdown alternative: ADX / DI 방향성 — CAGR is 13.0%p higher than buy and hold, while drawdown improves by 65.6%p (CAGR 8.6%, MDD -33.3%, exposure 5%).

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
ADX / DI 방향성
period=8, threshold=53
8.6%-33.3%0.540.267.2x585%
Supertrend
period=11, mult=3.4
10.5%-73.0%0.440.1410.9x12249%
MACD
fast=17, slow=29, signal=19
10.3%-91.4%0.440.1110.3x24551%
Keltner 채널 돌파
emaPeriod=26, atrPeriod=21, mult=1.2
9.3%-70.2%0.420.138.3x22034%
Parabolic SAR
step=0.01, maxStep=0.38
9.2%-80.2%0.410.118.2x30750%
ROC 모멘텀
n=118, threshold=-0.03
8.9%-73.0%0.400.127.6x18450%
볼린저 밴드 돌파
n=35, k=3.2
7.3%-54.3%0.400.135.3x3811%
Donchian 채널 돌파
entryN=83, exitN=79
5.1%-84.9%0.320.063.3x3647%
SMA 크로스오버
fast=58, slow=219
1.8%-89.9%0.250.021.5x3246%
EMA 크로스오버
fast=28, slow=131
1.7%-82.7%0.230.021.5x4846%
Buy and hold-4.4%-98.9%0.28-0.040.3x1100%
0.1 1x 10x 2003 2006 2009 2012 2015 2018 2021 2024 SupertrendADX / DI 방향성Buy and hold
ADX / DI 방향성 (Sharpe leader), Supertrend (CAGR reference), Buy and hold.
0% -25% -49% -74% -99% 2003 2006 2009 2012 2015 2018 2021 2024 Buy and holdSupertrendADX / DI 방향성
ADX / DI 방향성 maximum drawdown -33.3% (2009-09-22 → 2010-04-19), recovered after 1,224 days.

Rules of the top strategy

Looks at both the direction and the strength of the trend; holds only in a strong uptrend.

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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