same window · same costs · same engine
Supertrend vs Ichimoku Cloud
Backtested on the same Hyperliquid perps over 2024-08-15 → 2026-09-29, at the same costs and on the same engine: Supertrend wins on risk-adjusted return, a Sharpe of 0.99 against 0.94. Supertrend rode out the shallower worst drawdown (32%), and Ichimoku Cloud made the most in total. When Bitcoin was trending up, Supertrend gained more; when it was falling, Ichimoku Cloud held up better.
By Keel Research Team · Data as of 2026-09-29 · how these backtests were produced
Supertrend Ichimoku Cloudgrowth of $100, net of costs
Supertrendwinner
- Net Sharpe
- 0.99
- Total return
- +105.0%
- Max drawdown
- −31.6%
- Trades
- 679
- Win rate
- 67%
- Net Sharpe
- 0.94
- Total return
- +115.4%
- Max drawdown
- −45.5%
- Trades
- 825
- Win rate
- 59%
Run the winner — Supertrend
Supertrend came out ahead here (Sharpe 0.99 vs 0.94). Start it on your own Hyperliquid account, or fork it and change the settings first.
At $1,000, Supertrend's worst historical dip was about $316. Free account, your own keys — Keel only places the trades.
When each one wins
Total return while Bitcoin was trending up vs trending down (split by Bitcoin’s 100-day trend line).
| Market | Supertrend | Ichimoku Cloud | Higher return |
|---|---|---|---|
| Rising Bitcoin | +20.3% | +16.4% | Supertrend |
| Falling Bitcoin | +52.4% | +69.3% | Ichimoku Cloud |
What this is: a head-to-head backtest of Supertrend and Ichimoku Cloud on the same Hyperliquid window, costs and engine — net of fees, slippage and funding. The overlay is growth of $100 (normalized), not a return promise. A higher Sharpe is not a guarantee; both strategies draw down. Past performance does not predict future results, and this is not investment advice.
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