Trend-Following Backtester · Guide · backtest 한국어

equity · US

Teladoc Health, Inc. backtest

10 trend-following strategies were compared on the full daily history of Teladoc Health, Inc.. 9 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ROC 모멘텀 (CAGR 18.3%, MDD -45.6%).

Data 2015-06-30 ~ 2026-07-31daily bars 2,788 (11.1 years)Costs 0.5%Venue XNYSMonthly snapshot 2026-07-31

Results by strategy

9 of 10 beat buy and hold (CAGR -9.0%, drawdown -98.5%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 18.3%, MDD -45.6%, Sharpe 0.67, 32% exposure.

Return/drawdown alternative: ROC 모멘텀 — CAGR is 27.3%p higher than buy and hold, while drawdown improves by 52.9%p (CAGR 18.3%, MDD -45.6%, exposure 32%).

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=187, threshold=0.19
18.3%-45.6%0.670.406.5x3032%
EMA 크로스오버
fast=67, slow=219
18.3%-62.3%0.630.296.4x343%
Donchian 채널 돌파
entryN=72, exitN=74
13.8%-65.1%0.530.214.2x1139%
SMA 크로스오버
fast=33, slow=181
13.5%-67.8%0.520.204.1x1142%
Keltner 채널 돌파
emaPeriod=77, atrPeriod=29, mult=3.6
7.6%-68.2%0.390.112.3x1824%
볼린저 밴드 돌파
n=59, k=2.3
5.4%-72.4%0.330.081.8x3027%
ADX / DI 방향성
period=33, threshold=12
1.3%-77.1%0.220.021.2x6433%
Supertrend
period=18, mult=4.7
0.3%-88.7%0.210.001.0x3447%
MACD
fast=24, slow=61, signal=18
-5.6%-92.0%0.09-0.060.5x11255%
Parabolic SAR
step=0.005, maxStep=0.26
-9.3%-88.9%0.01-0.100.3x9250%
Buy and hold-9.0%-98.5%0.17-0.090.4x1100%
1x 10x 2016 2018 2020 2022 2024 2026 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -25% -49% -74% -98% 2016 2018 2020 2022 2024 2026 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -45.6% (2018-09-28 → 2019-01-03), recovered after 503 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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