Trend-Following Backtester · Guide · backtest 한국어

equity · CA

ATCO Ltd. Class I backtest

10 trend-following strategies were compared on the full daily history of ATCO Ltd. Class I. 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 8.4%, MDD -32.4%).

Data 1995-01-12 ~ 2026-07-31daily bars 7,932 (31.5 years)Costs 0.5%Venue TSXMonthly snapshot 2026-07-31

Results by strategy

1 of 10 beat buy and hold (CAGR 10.2%, drawdown -49.1%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 8.4%, MDD -32.4%, Sharpe 0.62, 61% exposure.

CAGR reference leader: ROC 모멘텀 — CAGR 10.4%, MDD -55.2%, exposure 100%. It is hold-like at 95%+ exposure and is not used as the featured strategy.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 1.8%p lower than buy and hold, while drawdown improves by 16.8%p (CAGR 8.4%, MDD -32.4%, exposure 61%).

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=88, exitN=79
8.4%-32.4%0.620.2612.9x3961%
SMA 크로스오버
fast=8, slow=251
8.7%-38.6%0.610.2213.8x5364%
Keltner 채널 돌파
emaPeriod=99, atrPeriod=13, mult=2.9
6.9%-22.7%0.580.308.2x8147%
ROC 모멘텀
Hold-like · Exposure 100%
n=4, threshold=-0.09
10.4%-55.2%0.570.1922.9x31100%
EMA 크로스오버
fast=46, slow=98
8.0%-49.4%0.560.1611.3x5566%
Supertrend
period=8, mult=4.9
6.6%-35.3%0.510.197.5x9159%
Parabolic SAR
step=0.01, maxStep=0.02
5.9%-33.6%0.450.176.0x16760%
볼린저 밴드 돌파
n=53, k=1.9
3.7%-38.4%0.350.103.1x13542%
ADX / DI 방향성
period=37, threshold=10
1.8%-66.0%0.200.031.7x28748%
MACD
fast=11, slow=53, signal=18
-4.3%-89.0%-0.22-0.050.3x44150%
Buy and hold10.2%-49.1%0.550.2121.3x1100%
1x 10x 1996 2000 2004 2008 2012 2016 2020 2024 ROC 모멘텀Donchian 채널 돌파Buy and hold
Donchian 채널 돌파 (Sharpe leader), ROC 모멘텀 (CAGR reference), Buy and hold.
0% -14% -28% -41% -55% 1996 2000 2004 2008 2012 2016 2020 2024 Buy and holdROC 모멘텀Donchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -32.4% (2020-02-21 → 2024-06-20), recovered after 2,183 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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