Trend-Following Backtester · Guide · backtest 한국어

equity · US

St. Joe Company (The) backtest

10 trend-following strategies were compared on the full daily history of St. Joe Company (The). 5 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 6.6%, MDD -44.6%).

Data 1990-03-23 ~ 2026-07-31daily bars 9,155 (36.4 years)Costs 0.5%Venue XNYSMonthly snapshot 2026-07-31

Results by strategy

5 of 10 beat buy and hold (CAGR 4.0%, drawdown -84.8%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 6.6%, MDD -44.6%, Sharpe 0.39, 65% exposure.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 2.7%p higher than buy and hold, while drawdown improves by 40.2%p (CAGR 6.6%, MDD -44.6%, exposure 65%).

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=18, exitN=30
6.6%-44.6%0.390.1510.3x16865%
MACD
fast=27, slow=32, signal=21
5.6%-55.7%0.350.107.4x33150%
Supertrend
period=8, mult=3.2
5.3%-52.7%0.350.106.5x22852%
SMA 크로스오버
fast=19, slow=51
5.1%-48.6%0.340.106.1x18055%
Parabolic SAR
step=0.005, maxStep=0.14
4.4%-61.9%0.300.074.8x28353%
Keltner 채널 돌파
emaPeriod=39, atrPeriod=23, mult=2
3.1%-43.0%0.260.073.0x21635%
볼린저 밴드 돌파
n=46, k=1.4
3.0%-48.4%0.250.062.9x22840%
EMA 크로스오버
fast=26, slow=49
3.0%-48.0%0.250.063.0x14055%
ROC 모멘텀
n=133, threshold=-0.13
2.2%-83.9%0.220.032.2x20180%
ADX / DI 방향성
period=19, threshold=30
1.6%-45.3%0.190.031.8x11210%
Buy and hold4.0%-84.8%0.280.054.1x1100%
1x 10x 1991 1996 2001 2006 2011 2016 2021 2026 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -21% -42% -64% -85% 1991 1996 2001 2006 2011 2016 2021 2026 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -44.6% (2005-03-08 → 2009-02-05), recovered after 1,611 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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