Trend-Following Backtester · Guide · backtest 한국어

equity · CA

Empire Co Ltd Class A backtest

10 trend-following strategies were compared on the full daily history of Empire Co Ltd Class A. 0 beat buy-and-hold CAGR; SMA 크로스오버 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is SMA 크로스오버 (CAGR 8.0%, MDD -31.8%).

Data 1995-01-12 ~ 2026-07-31daily bars 7,930 (31.5 years)Costs 0.5%Venue TSXMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 10.3%, drawdown -52.5%).

Sharpe leader (same as main): SMA 크로스오버 — CAGR 8.0%, MDD -31.8%, Sharpe 0.50, 61% exposure.

CAGR reference leader: ROC 모멘텀 — CAGR 9.8%, MDD -51.1%, exposure 100%. It is hold-like at 95%+ exposure and is not used as the featured strategy.

Return/drawdown alternative: SMA 크로스오버 — CAGR is 2.2%p lower than buy and hold, while drawdown improves by 20.7%p (CAGR 8.0%, MDD -31.8%, 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
SMA 크로스오버
fast=52, slow=111
8.0%-31.8%0.500.2511.5x7561%
ROC 모멘텀
Hold-like · Exposure 100%
n=1, threshold=-0.15
9.8%-51.1%0.490.1919.0x5100%
EMA 크로스오버
fast=53, slow=282
6.3%-37.3%0.390.176.9x3773%
Donchian 채널 돌파
entryN=77, exitN=84
6.0%-46.9%0.390.136.3x4369%
볼린저 밴드 돌파
n=72, k=3.3
2.5%-31.5%0.300.082.2x4019%
Supertrend
period=18, mult=4.5
2.8%-43.3%0.240.062.4x10957%
ADX / DI 방향성
period=65, threshold=16
1.5%-26.3%0.210.061.6x4816%
Keltner 채널 돌파
emaPeriod=57, atrPeriod=9, mult=3.9
0.7%-51.5%0.120.011.2x6221%
Parabolic SAR
step=0.005, maxStep=0.18
-4.4%-82.9%-0.15-0.050.2x25756%
MACD
fast=16, slow=53, signal=16
-7.4%-93.4%-0.34-0.080.1x39950%
Buy and hold10.3%-52.5%0.510.2021.9x1100%
1x 10x 1996 2000 2004 2008 2012 2016 2020 2024 ROC 모멘텀SMA 크로스오버Buy and hold
SMA 크로스오버 (Sharpe leader), ROC 모멘텀 (CAGR reference), Buy and hold.
0% -13% -26% -39% -53% 1996 2000 2004 2008 2012 2016 2020 2024 Buy and holdROC 모멘텀SMA 크로스오버
SMA 크로스오버 maximum drawdown -31.8% (2002-06-03 → 2003-09-10), recovered after 1,050 days.

Rules of the top strategy

When the short average rises above the long average, it reads that as an uptrend starting.

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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