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Trend-Following Backtester · Guide · backtest 한국어

equity · TW

Lin BioScience, Inc. backtest

10 trend-following strategies were compared on the full daily history of Lin BioScience, Inc.. 5 beat buy-and-hold CAGR; 볼린저 밴드 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Keltner 채널 돌파 (CAGR 45.8%, MDD -41.5%).

Data 2018-10-08 ~ 2026-07-31daily bars 1,896 (7.8 years)Costs 0.5%Venue TPEXMonthly snapshot 2026-07-31

Results by strategy

5 of 10 beat buy and hold (CAGR 40.8%, drawdown -74.2%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 38.3%, MDD -45.8%, Sharpe 1.09, 26% exposure.

CAGR reference leader: EMA 크로스오버 — CAGR 53.4%, MDD -52.2%, exposure 51%.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 2.5%p lower than buy and hold, while drawdown improves by 28.4%p (CAGR 45.8%, MDD -41.5%, exposure 41%).

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=18, k=2.2
38.3%-45.8%1.090.8412.6x5626%
EMA 크로스오버
fast=9, slow=83
53.4%-52.2%1.041.0228.3x1751%
SMA 크로스오버
fast=7, slow=72
52.1%-48.8%1.031.0726.4x4149%
Parabolic SAR
step=0.015, maxStep=0.3
49.1%-53.3%1.030.9222.6x9249%
MACD
fast=9, slow=13, signal=9
36.6%-51.0%0.970.7211.4x18047%
Keltner 채널 돌파
emaPeriod=54, atrPeriod=11, mult=1.7
45.8%-41.5%0.971.1019.0x3541%
ROC 모멘텀
n=59, threshold=0.09
36.9%-46.3%0.940.8011.6x6937%
Donchian 채널 돌파
entryN=26, exitN=38
45.2%-66.0%0.930.6918.5x2160%
Supertrend
period=8, mult=4.8
34.8%-50.6%0.880.6910.3x1960%
ADX / DI 방향성
period=10, threshold=34
26.0%-49.1%0.860.536.1x6022%
Buy and hold40.8%-74.2%0.840.5514.5x1100%
1x 10x 2019 2020 2021 2022 2023 2024 2025 2026 EMA 크로스오버볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파 (Sharpe leader), EMA 크로스오버 (CAGR reference), Buy and hold.
0% -19% -37% -56% -74% 2019 2020 2021 2022 2023 2024 2025 2026 Buy and holdEMA 크로스오버볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -45.8% (2020-02-05 → 2020-12-31), recovered after 427 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 setupMore TW assetsAll asset reports

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