Trend-Following Backtester · Guide · backtest 한국어

equity · CA

Orezone Gold Corporation backtest

10 trend-following strategies were compared on the full daily history of Orezone Gold Corporation. 3 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is EMA 크로스오버 (CAGR 15.5%, MDD -55.3%).

Data 2018-07-10 ~ 2026-07-31daily bars 2,024 (8.1 years)Costs 0.5%Venue TSXMonthly snapshot 2026-07-31

Results by strategy

3 of 10 beat buy and hold (CAGR 12.2%, drawdown -73.3%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 17.6%, MDD -65.2%, Sharpe 0.58, 61% exposure.

Return/drawdown alternative: EMA 크로스오버 — CAGR is 5.3%p higher than buy and hold, while drawdown improves by 8.1%p (CAGR 15.5%, MDD -55.3%, exposure 58%).

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=53, exitN=104
17.6%-65.2%0.580.273.7x961%
SMA 크로스오버
fast=24, slow=34
15.8%-58.2%0.550.273.3x7247%
EMA 크로스오버
fast=36, slow=218
15.5%-55.3%0.540.283.2x958%
볼린저 밴드 돌파
n=57, k=1.6
12.1%-55.8%0.490.222.5x3431%
Keltner 채널 돌파
emaPeriod=52, atrPeriod=15, mult=2.8
7.4%-44.5%0.380.171.8x2222%
Supertrend
period=26, mult=3.3
7.2%-69.1%0.370.101.7x4645%
ADX / DI 방향성
period=39, threshold=14
5.5%-58.1%0.330.091.5x3423%
ROC 모멘텀
n=144, threshold=0.03
3.9%-64.9%0.300.061.4x6353%
MACD
fast=19, slow=48, signal=9
0.5%-68.1%0.230.011.0x10848%
Parabolic SAR
step=0.015, maxStep=0.16
-10.0%-73.9%-0.03-0.140.4x12647%
Buy and hold12.2%-73.3%0.490.172.5x1100%
1x 2019 2020 2021 2022 2023 2024 2025 2026 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -18% -37% -55% -73% 2019 2020 2021 2022 2023 2024 2025 2026 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -65.2% (2022-04-13 → 2025-01-31), recovered after 1,372 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

Read next