Trend-Following Backtester · Guide · backtest 한국어

equity · GB

British Land Company PLC backtest

10 trend-following strategies were compared on the full daily history of British Land Company PLC. 4 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ADX / DI 방향성 (CAGR 2.1%, MDD -20.6%).

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

4 of 10 beat buy and hold (CAGR 1.4%, drawdown -79.5%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 3.3%, MDD -60.3%, Sharpe 0.29, 41% exposure.

CAGR reference leader: SMA 크로스오버 — CAGR 3.6%, MDD -72.9%, exposure 57%.

Return/drawdown alternative: ADX / DI 방향성 — CAGR is 1.9%p higher than buy and hold, while drawdown improves by 19.3%p (CAGR 2.1%, MDD -20.6%, exposure 10%).

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=118, exitN=56
3.3%-60.3%0.290.053.4x5141%
ADX / DI 방향성
period=50, threshold=19
2.1%-20.6%0.290.102.2x1810%
SMA 크로스오버
fast=46, slow=129
3.6%-72.9%0.280.053.8x7157%
EMA 크로스오버
fast=49, slow=89
2.6%-56.1%0.230.052.7x7756%
볼린저 밴드 돌파
n=32, k=3.3
1.1%-23.1%0.190.051.5x427%
Supertrend
period=14, mult=5
1.1%-79.8%0.150.011.5x14754%
ROC 모멘텀
n=122, threshold=0.01
0.8%-68.9%0.130.011.4x33753%
Keltner 채널 돌파
emaPeriod=59, atrPeriod=24, mult=2.2
-1.4%-77.5%-0.02-0.020.6x18937%
MACD
fast=19, slow=39, signal=17
-3.8%-91.6%-0.09-0.040.2x44149%
Parabolic SAR
step=0.015, maxStep=0.12
-5.6%-96.5%-0.18-0.060.1x63951%
Buy and hold1.4%-79.5%0.190.021.7x1100%
1x 10x 1989 1994 1999 2004 2009 2014 2019 2024 SMA 크로스오버Donchian 채널 돌파Buy and hold
Donchian 채널 돌파 (Sharpe leader), SMA 크로스오버 (CAGR reference), Buy and hold.
0% -20% -40% -60% -80% 1989 1994 1999 2004 2009 2014 2019 2024 Buy and holdSMA 크로스오버Donchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -60.3% (2015-05-19 → 2026-07-23), prior peak not yet recovered.

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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