Trend-Following Backtester · Guide · backtest 한국어

equity · AU

Seek Limited backtest

10 trend-following strategies were compared on the full daily history of Seek Limited. 4 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ROC 모멘텀 (CAGR 11.3%, MDD -34.3%).

Data 2005-04-18 ~ 2026-07-31daily bars 5,386 (21.3 years)Costs 0.5%Venue ASXMonthly snapshot 2026-07-31

Results by strategy

4 of 10 beat buy and hold (CAGR 9.5%, drawdown -77.5%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 11.3%, MDD -34.3%, Sharpe 0.61, 50% exposure.

Return/drawdown alternative: ROC 모멘텀 — CAGR is 1.8%p higher than buy and hold, while drawdown improves by 43.1%p (CAGR 11.3%, MDD -34.3%, exposure 50%).

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
ROC 모멘텀
n=147, threshold=0.07
11.3%-34.3%0.610.339.8x12850%
SMA 크로스오버
fast=55, slow=138
10.6%-47.6%0.550.228.5x3860%
Donchian 채널 돌파
entryN=66, exitN=97
10.8%-55.8%0.530.198.9x2668%
EMA 크로스오버
fast=23, slow=159
10.0%-48.0%0.530.217.7x3662%
Supertrend
period=28, mult=4.5
8.6%-52.8%0.480.165.8x7554%
볼린저 밴드 돌파
n=54, k=2.8
3.8%-30.5%0.330.122.2x4420%
Parabolic SAR
step=0.01, maxStep=0.04
4.6%-55.0%0.310.082.6x20154%
Keltner 채널 돌파
emaPeriod=59, atrPeriod=22, mult=2.4
4.2%-54.2%0.310.082.4x9439%
MACD
fast=15, slow=35, signal=17
3.9%-58.9%0.280.072.2x25550%
ADX / DI 방향성
period=26, threshold=33
0.5%-16.8%0.140.031.1x82%
Buy and hold9.5%-77.5%0.440.127.0x1100%
1x 10x 2006 2009 2012 2015 2018 2021 2024 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -19% -39% -58% -77% 2006 2009 2012 2015 2018 2021 2024 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -34.3% (2021-11-15 → 2025-12-09), prior peak not yet recovered.

Rules of the top strategy

Rides the trend when recent return (momentum) over a window is above a threshold.

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

Read next