Trend-Following Backtester · Guide · backtest 한국어

equity · GB

Jet2 PLC backtest

10 trend-following strategies were compared on the full daily history of Jet2 PLC. 8 beat buy-and-hold CAGR; Supertrend ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is 볼린저 밴드 돌파 (CAGR 18.5%, MDD -34.6%).

Data 1988-12-02 ~ 2026-07-31daily bars 9,656 (37.7 years)Costs 0.5%Venue LSEMonthly snapshot 2026-07-31

Results by strategy

8 of 10 beat buy and hold (CAGR 14.7%, drawdown -92.0%).

Sharpe leader (same as main): Supertrend — CAGR 25.9%, MDD -54.4%, Sharpe 0.96, 55% exposure.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 11.2%p higher than buy and hold, while drawdown improves by 37.7%p (CAGR 18.5%, MDD -34.6%, exposure 31%).

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=4, mult=4.6
25.9%-54.4%0.960.485846.5x18355%
볼린저 밴드 돌파
n=27, k=2.4
18.5%-34.6%0.910.54604.6x19131%
Keltner 채널 돌파
emaPeriod=31, atrPeriod=14, mult=1.5
20.0%-49.9%0.870.40950.3x24543%
ADX / DI 방향성
period=18, threshold=23
14.2%-65.5%0.760.22149.0x23135%
Donchian 채널 돌파
entryN=66, exitN=47
17.3%-52.1%0.740.33405.9x8752%
ROC 모멘텀
n=68, threshold=0.02
17.5%-52.8%0.720.33429.3x28754%
SMA 크로스오버
fast=20, slow=102
16.3%-61.9%0.680.26298.6x9756%
EMA 크로스오버
fast=30, slow=69
16.4%-57.4%0.680.29307.3x9157%
Parabolic SAR
step=0.025, maxStep=0.16
16.1%-65.7%0.660.25280.2x71551%
MACD
fast=6, slow=48, signal=15
13.1%-77.3%0.560.17104.0x57249%
Buy and hold14.7%-92.0%0.530.16177.7x1100%
1x 10x 100x 1,000x 1989 1994 1999 2004 2009 2014 2019 2024 SupertrendBuy and hold
Supertrend: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -23% -46% -69% -92% 1989 1994 1999 2004 2009 2014 2019 2024 Buy and holdSupertrend
Supertrend maximum drawdown -54.4% (2021-05-07 → 2022-10-28), prior peak not yet recovered.

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 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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