Trend-Following Backtester · Guide · backtest 한국어

equity · GB

Games Workshop Group PLC backtest

10 trend-following strategies were compared on the full daily history of Games Workshop Group PLC. 7 beat buy-and-hold CAGR; Supertrend ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Keltner 채널 돌파 (CAGR 20.2%, MDD -31.4%).

Data 1994-09-30 ~ 2026-07-31daily bars 8,136 (31.8 years)Costs 0.5%Venue LSEMonthly snapshot 2026-07-31

Results by strategy

7 of 10 beat buy and hold (CAGR 17.1%, drawdown -88.3%).

Sharpe leader (same as main): Supertrend — CAGR 26.2%, MDD -38.2%, Sharpe 1.10, 57% exposure.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 9.1%p higher than buy and hold, while drawdown improves by 50.1%p (CAGR 20.2%, MDD -31.4%, exposure 36%).

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
Supertrend
period=35, mult=3.6
26.2%-38.2%1.100.691665.5x16757%
Keltner 채널 돌파
emaPeriod=22, atrPeriod=29, mult=2
20.2%-31.4%1.030.64346.8x19036%
ADX / DI 방향성
period=12, threshold=30
18.0%-38.4%0.980.47193.4x24030%
볼린저 밴드 돌파
n=36, k=3.2
13.5%-23.7%0.970.5755.8x6821%
Parabolic SAR
step=0.015, maxStep=0.14
22.8%-43.8%0.960.52695.3x47054%
SMA 크로스오버
fast=1, slow=205
21.0%-52.4%0.860.40427.9x12961%
EMA 크로스오버
fast=3, slow=119
19.3%-47.1%0.830.41276.6x14361%
Donchian 채널 돌파
entryN=40, exitN=27
17.0%-40.6%0.810.42149.0x10755%
ROC 모멘텀
n=125, threshold=-0.02
20.0%-52.9%0.810.38328.3x15765%
MACD
fast=9, slow=59, signal=9
14.0%-58.1%0.640.2465.6x52849%
Buy and hold17.1%-88.3%0.630.19153.4x1100%
1x 10x 100x 1,000x 1995 1999 2003 2007 2011 2015 2019 2023 SupertrendBuy and hold
Supertrend: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -22% -44% -66% -88% 1995 1999 2003 2007 2011 2015 2019 2023 Buy and holdSupertrend
Supertrend maximum drawdown -38.2% (2023-07-28 → 2024-08-05), recovered after 852 days.

Rules of the top strategy

Trades the direction of a volatility-based trend line that trails below/above price.

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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