Trend-Following Backtester · Guide · backtest 한국어

equity · GB

Associated British Foods plc backtest

10 trend-following strategies were compared on the full daily history of Associated British Foods plc. 0 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester.

Data 1988-07-01 ~ 2026-07-31daily bars 9,766 (38.1 years)Costs 0.5%Venue LSEMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 6.8%, drawdown -65.6%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 4.5%, MDD -72.7%, Sharpe 0.31, 84% exposure.

No strategy retained at least 75% of buy-and-hold CAGR while reducing drawdown by both 20% relatively and 5 percentage points absolutely.

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=5, exitN=49
4.5%-72.7%0.310.065.3x21184%
EMA 크로스오버
fast=42, slow=117
3.2%-60.5%0.270.053.3x8163%
볼린저 밴드 돌파
n=64, k=2.3
2.4%-28.9%0.250.082.5x11133%
SMA 크로스오버
fast=16, slow=201
2.7%-57.4%0.240.052.8x9963%
Supertrend
period=11, mult=4.8
2.1%-46.1%0.210.052.2x21956%
ROC 모멘텀
n=138, threshold=-0.03
1.9%-66.4%0.190.032.0x26968%
ADX / DI 방향성
period=36, threshold=38
0.1%-2.6%0.110.031.0x20%
Keltner 채널 돌파
emaPeriod=57, atrPeriod=22, mult=2.1
0.1%-61.5%0.070.001.0x22542%
MACD
fast=14, slow=48, signal=14
-0.7%-59.8%0.05-0.010.8x51149%
Parabolic SAR
step=0.015, maxStep=0.16
-2.5%-81.8%-0.06-0.030.4x64553%
Buy and hold6.8%-65.6%0.390.1012.4x1100%
1x 10x 1989 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% -55% -73% 1989 1994 1999 2004 2009 2014 2019 2024 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -72.7% (1997-06-17 → 2000-03-14), recovered after 5,610 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 carried forward from the latest full optimization and replayed on this monthly dataset. 0.5% trading costs are included; taxes, slippage and rejected orders are not.
Re-optimize the same period and setupAll asset reports

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