Trend-Following Backtester · Guide · backtest 한국어

equity · US

Manitowoc Company, Inc. (The) backtest

10 trend-following strategies were compared on the full daily history of Manitowoc Company, Inc. (The). 6 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Keltner 채널 돌파 (CAGR 9.0%, MDD -39.2%).

Data 1990-03-26 ~ 2026-07-31daily bars 9,154 (36.3 years)Costs 0.5%Venue XNYSMonthly snapshot 2026-07-31

Results by strategy

6 of 10 beat buy and hold (CAGR 6.4%, drawdown -95.3%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 12.3%, MDD -81.8%, Sharpe 0.52, 62% exposure.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 5.9%p higher than buy and hold, while drawdown improves by 13.5%p (CAGR 9.0%, MDD -39.2%, exposure 27%).

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=64, exitN=81
12.3%-81.8%0.520.1568.6x4962%
Keltner 채널 돌파
emaPeriod=56, atrPeriod=11, mult=4
9.0%-39.2%0.510.2323.0x8427%
SMA 크로스오버
fast=23, slow=218
10.9%-67.8%0.490.1643.1x4958%
EMA 크로스오버
fast=58, slow=88
10.4%-59.3%0.480.1736.0x6557%
볼린저 밴드 돌파
n=58, k=1.2
8.7%-64.6%0.440.1320.7x19744%
Supertrend
period=11, mult=4.2
8.0%-71.0%0.400.1116.3x16354%
ADX / DI 방향성
period=23, threshold=23
5.8%-46.1%0.400.127.6x14620%
ROC 모멘텀
n=129, threshold=0.03
5.8%-69.2%0.340.087.9x29254%
MACD
fast=15, slow=39, signal=24
0.3%-89.0%0.180.001.1x40951%
Parabolic SAR
step=0.005, maxStep=0.24
-0.5%-84.3%0.15-0.010.8x31351%
Buy and hold6.4%-95.3%0.370.079.6x1100%
1x 10x 100x 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% -24% -48% -71% -95% 1991 1996 2001 2006 2011 2016 2021 2026 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -81.8% (2023-03-08 → 2025-08-15), prior peak not yet recovered.

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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