Trend-Following Backtester · Guide · backtest 한국어

equity · AU

Ampol Limited backtest

10 trend-following strategies were compared on the full daily history of Ampol Limited. 0 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is EMA 크로스오버 (CAGR 6.7%, MDD -61.1%).

Data 1988-01-28 ~ 2026-07-31daily bars 9,872 (38.5 years)Costs 0.5%Venue ASXMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 8.4%, drawdown -83.9%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 6.7%, MDD -61.4%, Sharpe 0.43, 44% exposure.

CAGR reference leader: EMA 크로스오버 — CAGR 6.7%, MDD -61.1%, exposure 56%.

Return/drawdown alternative: EMA 크로스오버 — CAGR is 1.7%p lower than buy and hold, while drawdown improves by 22.6%p (CAGR 6.7%, MDD -61.1%, exposure 56%).

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=49, exitN=23
6.7%-61.4%0.430.1111.9x14344%
EMA 크로스오버
fast=39, slow=80
6.7%-61.1%0.400.1112.2x9156%
SMA 크로스오버
fast=55, slow=209
6.6%-61.1%0.400.1111.8x4957%
Supertrend
period=17, mult=3.4
5.2%-61.9%0.340.087.0x21154%
Keltner 채널 돌파
emaPeriod=69, atrPeriod=15, mult=4
4.4%-53.7%0.330.085.2x10736%
볼린저 밴드 돌파
n=49, k=2.4
4.0%-46.5%0.320.094.5x13332%
ROC 모멘텀
n=133, threshold=-0.03
3.9%-64.0%0.280.064.3x23963%
Parabolic SAR
step=0.005, maxStep=0.32
2.9%-77.6%0.240.043.0x24954%
ADX / DI 방향성
period=47, threshold=12
2.0%-74.0%0.200.032.2x18540%
MACD
fast=18, slow=58, signal=19
1.2%-76.9%0.160.021.6x37151%
Buy and hold8.4%-83.9%0.410.1022.1x1100%
1x 10x 1989 1994 1999 2004 2009 2014 2019 2024 EMA 크로스오버Donchian 채널 돌파Buy and hold
Donchian 채널 돌파 (Sharpe leader), EMA 크로스오버 (CAGR reference), Buy and hold.
0% -21% -42% -63% -84% 1989 1994 1999 2004 2009 2014 2019 2024 Buy and holdEMA 크로스오버Donchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -61.4% (2015-03-02 → 2025-07-29), prior peak not yet recovered.

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 selected on the same full-history sample using sharpe over 40 trials per strategy, so results contain in-sample bias. 0.5% trading costs are included; taxes, slippage and rejected orders are not.
Re-run the same setupAll asset reports

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