Trend-Following Backtester · Guide · backtest 한국어

equity · AU

SGH Limited backtest

10 trend-following strategies were compared on the full daily history of SGH Limited. 1 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Donchian 채널 돌파 (CAGR 9.4%, MDD -53.0%).

Data 1993-08-31 ~ 2026-07-31daily bars 8,416 (32.9 years)Costs 0.5%Venue ASXMonthly snapshot 2026-07-31

Results by strategy

1 of 10 beat buy and hold (CAGR 8.5%, drawdown -71.2%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 9.4%, MDD -53.0%, Sharpe 0.48, 73% exposure.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 0.9%p higher than buy and hold, while drawdown improves by 18.2%p (CAGR 9.4%, MDD -53.0%, exposure 73%).

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=18, exitN=43
9.4%-53.0%0.480.1819.3x12773%
SMA 크로스오버
fast=11, slow=199
5.8%-58.2%0.370.106.4x7658%
Supertrend
period=13, mult=4.1
5.1%-41.8%0.340.125.2x14559%
ROC 모멘텀
n=97, threshold=0
4.8%-61.7%0.320.084.7x24357%
EMA 크로스오버
fast=50, slow=143
3.8%-67.0%0.280.063.4x5462%
Parabolic SAR
step=0.005, maxStep=0.06
3.2%-61.7%0.250.052.8x23256%
Keltner 채널 돌파
emaPeriod=53, atrPeriod=14, mult=2.8
2.9%-42.0%0.250.072.5x12640%
볼린저 밴드 돌파
n=54, k=1.4
1.0%-53.4%0.150.021.4x18244%
MACD
fast=22, slow=37, signal=17
0.8%-69.1%0.140.011.3x33449%
ADX / DI 방향성
period=19, threshold=20
0.6%-57.0%0.120.011.2x26035%
Buy and hold8.5%-71.2%0.410.1214.8x1100%
1x 10x 1994 1999 2004 2009 2014 2019 2024 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -18% -36% -53% -71% 1994 1999 2004 2009 2014 2019 2024 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -53.0% (2000-08-22 → 2003-04-10), recovered after 2,275 days.

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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