Trend-Following Backtester · Guide · backtest 한국어

equity · AU

Resolute Mining Limited backtest

10 trend-following strategies were compared on the full daily history of Resolute Mining Limited. 10 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Keltner 채널 돌파 (CAGR 5.4%, MDD -73.7%).

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

10 of 10 beat buy and hold (CAGR 0.1%, drawdown -99.5%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 6.7%, MDD -88.8%, Sharpe 0.36, 59% exposure.

CAGR reference leader: SMA 크로스오버 — CAGR 6.7%, MDD -90.9%, exposure 48%.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 6.6%p higher than buy and hold, while drawdown improves by 10.6%p (CAGR 5.4%, MDD -73.7%, exposure 16%).

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=43, exitN=67
6.7%-88.8%0.360.0812.2x9859%
SMA 크로스오버
fast=16, slow=48
6.7%-90.9%0.350.0712.2x19848%
Parabolic SAR
step=0.005, maxStep=0.32
6.7%-92.8%0.350.0712.1x23048%
볼린저 밴드 돌파
n=55, k=1.1
5.9%-94.0%0.330.068.9x21039%
Keltner 채널 돌파
emaPeriod=15, atrPeriod=14, mult=3.5
5.4%-73.7%0.320.077.5x8816%
ROC 모멘텀
n=80, threshold=0.07
5.1%-85.6%0.310.066.9x33640%
EMA 크로스오버
fast=23, slow=164
4.7%-81.0%0.310.065.9x7644%
Supertrend
period=11, mult=4.1
4.0%-96.5%0.290.044.5x20048%
ADX / DI 방향성
period=17, threshold=20
3.7%-88.2%0.270.044.0x31434%
MACD
fast=34, slow=37, signal=36
1.2%-93.7%0.240.011.6x26451%
Buy and hold0.1%-99.5%0.300.001.1x1100%
1x 10x 1989 1994 1999 2004 2009 2014 2019 2024 SMA 크로스오버Donchian 채널 돌파Buy and hold
Donchian 채널 돌파 (Sharpe leader), SMA 크로스오버 (CAGR reference), Buy and hold.
0% -25% -50% -75% -99% 1989 1994 1999 2004 2009 2014 2019 2024 Buy and holdSMA 크로스오버Donchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -88.8% (2016-09-22 → 2022-12-14), 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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