Trend-Following Backtester · Guide · backtest 한국어

equity · US

Nucor Corporation backtest

10 trend-following strategies were compared on the full daily history of Nucor Corporation. 0 beat buy-and-hold CAGR; Donchian 채널 돌파 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 13.3%, drawdown -68.9%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 10.1%, MDD -66.1%, Sharpe 0.48, 73% 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
Donchian 채널 돌파
entryN=27, exitN=63
10.1%-66.1%0.480.1586.7x11173%
SMA 크로스오버
fast=51, slow=117
7.3%-59.3%0.400.1226.2x10361%
EMA 크로스오버
fast=70, slow=186
6.0%-76.2%0.360.0814.8x5963%
ROC 모멘텀
n=113, threshold=-0.03
5.5%-72.0%0.340.0812.1x36567%
볼린저 밴드 돌파
n=31, k=2.4
3.9%-60.9%0.320.065.8x20625%
Supertrend
period=16, mult=4.9
4.2%-78.1%0.290.056.8x17957%
Keltner 채널 돌파
emaPeriod=36, atrPeriod=25, mult=2.5
2.1%-55.8%0.210.042.7x26133%
Parabolic SAR
step=0.005, maxStep=0.1
1.0%-89.7%0.160.011.6x41555%
ADX / DI 방향성
period=21, threshold=12
0.4%-89.0%0.130.001.2x69948%
MACD
fast=29, slow=59, signal=16
-0.1%-87.0%0.12-0.000.9x44751%
Buy and hold13.3%-68.9%0.530.19321.3x1100%
1x 10x 100x 1981 1987 1993 1999 2005 2011 2017 2023 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -17% -34% -52% -69% 1981 1987 1993 1999 2005 2011 2017 2023 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -66.1% (2013-11-08 → 2020-05-13), recovered after 2,762 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