Trend-Following Backtester · Guide · backtest 한국어

equity · US

Toll Brothers, Inc. backtest

10 trend-following strategies were compared on the full daily history of Toll Brothers, Inc.. 0 beat buy-and-hold CAGR; 볼린저 밴드 돌파 ranks first by Sharpe, matching the main backtester.

Data 1986-07-08 ~ 2026-07-31daily bars 10,094 (40.1 years)Costs 0.5%Venue XNYSMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 13.2%, drawdown -85.4%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 8.5%, MDD -64.0%, Sharpe 0.44, 35% exposure.

CAGR reference leader: SMA 크로스오버 — CAGR 8.6%, MDD -87.2%, exposure 54%.

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
볼린저 밴드 돌파
n=46, k=2
8.5%-64.0%0.440.1326.6x18835%
Keltner 채널 돌파
emaPeriod=53, atrPeriod=14, mult=2.2
7.9%-66.4%0.420.1220.8x18235%
SMA 크로스오버
fast=17, slow=110
8.6%-87.2%0.420.1027.4x12354%
Donchian 채널 돌파
entryN=64, exitN=54
7.7%-81.8%0.400.0919.7x7948%
Supertrend
period=12, mult=4.3
8.0%-77.6%0.400.1021.7x15554%
EMA 크로스오버
fast=35, slow=50
7.7%-86.0%0.390.0919.3x15354%
MACD
fast=19, slow=25, signal=23
4.1%-94.3%0.280.045.0x47251%
ADX / DI 방향성
period=32, threshold=26
2.9%-33.4%0.270.093.1x427%
ROC 모멘텀
n=101, threshold=0.06
3.9%-76.3%0.270.054.6x40246%
Parabolic SAR
step=0.005, maxStep=0.24
3.4%-92.1%0.260.043.8x33453%
Buy and hold13.2%-85.4%0.500.15145.2x1100%
1x 10x 100x 1987 1992 1997 2002 2007 2012 2017 2022 SMA 크로스오버볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파 (Sharpe leader), SMA 크로스오버 (CAGR reference), Buy and hold.
0% -22% -44% -65% -87% 1987 1992 1997 2002 2007 2012 2017 2022 Buy and holdSMA 크로스오버볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -64.0% (1987-03-12 → 1991-01-14), recovered after 1,541 days.

Rules of the top strategy

Breaking above the upper band (average plus a multiple of volatility) signals a strong move up.

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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