Trend-Following Backtester · Guide · backtest 한국어

equity · US

Heico Corporation backtest

10 trend-following strategies were compared on the full daily history of Heico Corporation. 0 beat buy-and-hold CAGR; ROC 모멘텀 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 18.2%, drawdown -73.4%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 14.4%, MDD -70.9%, Sharpe 0.59, 74% 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
ROC 모멘텀
n=183, threshold=-0.08
14.4%-70.9%0.590.20510.8x24174%
SMA 크로스오버
fast=32, slow=287
12.7%-71.0%0.560.18254.8x5566%
EMA 크로스오버
fast=49, slow=230
12.7%-74.6%0.550.17252.2x5168%
Donchian 채널 돌파
entryN=39, exitN=45
11.0%-72.8%0.510.15127.6x13562%
Keltner 채널 돌파
emaPeriod=9, atrPeriod=15, mult=4
3.5%-22.1%0.470.164.9x443%
볼린저 밴드 돌파
n=17, k=3.3
3.8%-25.2%0.470.155.7x484%
Supertrend
period=11, mult=4.5
8.6%-72.6%0.430.1246.7x24761%
MACD
fast=18, slow=48, signal=17
5.7%-65.0%0.340.0912.8x51650%
Parabolic SAR
step=0.035, maxStep=0.22
2.6%-84.9%0.230.033.2x125152%
ADX / DI 방향성
period=29, threshold=28
1.8%-44.5%0.220.042.3x6010%
Buy and hold18.2%-73.4%0.620.252300.7x1100%
1x 10x 100x 1,000x 1981 1987 1993 1999 2005 2011 2017 2023 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -18% -37% -55% -73% 1981 1987 1993 1999 2005 2011 2017 2023 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -70.9% (1987-02-09 → 1990-11-20), recovered after 3,382 days.

Rules of the top strategy

Rides the trend when recent return (momentum) over a window is above a threshold.

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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