Trend-Following Backtester · Guide · backtest 한국어

etf · GB

Murray Income Trust PLC backtest

10 trend-following strategies were compared on the full daily history of Murray Income Trust PLC. 1 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. Its 99% market exposure makes it hold-like.

Data 1970-12-31 ~ 2026-07-31daily bars 14,332 (55.6 years)Costs 0.5%Venue LSEMonthly snapshot 2026-07-31

Results by strategy

1 of 10 beat buy and hold (CAGR 6.6%, drawdown -74.5%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 6.8%, MDD -67.2%, Sharpe 0.39, 99% exposure. With at least 95% exposure, it should be treated as hold-like, not strong evidence of timing skill.

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
ROC 모멘텀
Hold-like · Exposure 99%
n=14, threshold=-0.13
6.8%-67.2%0.390.1038.9x4199%
Donchian 채널 돌파
entryN=93, exitN=96
3.6%-38.2%0.310.097.1x7560%
SMA 크로스오버
fast=65, slow=230
3.6%-42.2%0.300.097.1x6964%
EMA 크로스오버
fast=42, slow=255
3.6%-44.2%0.300.087.1x7169%
Keltner 채널 돌파
emaPeriod=67, atrPeriod=8, mult=3.1
1.6%-46.2%0.190.042.5x18543%
ADX / DI 방향성
period=38, threshold=19
1.2%-49.3%0.160.022.0x13428%
Supertrend
period=8, mult=4.9
0.5%-74.2%0.110.011.3x28156%
볼린저 밴드 돌파
n=40, k=3.4
0.3%-37.8%0.070.011.2x6012%
Parabolic SAR
step=0.005, maxStep=0.14
-1.4%-88.5%-0.02-0.020.5x35960%
MACD
fast=21, slow=44, signal=20
-2.5%-86.1%-0.07-0.030.2x55349%
Buy and hold6.6%-74.5%0.380.0934.4x1100%
1x 10x 1971 1978 1985 1992 1999 2006 2013 2020 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -19% -37% -56% -75% 1971 1978 1985 1992 1999 2006 2013 2020 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -67.2% (1972-12-08 → 1974-12-20), recovered after 2,061 days.

Rules of the top strategy

Rides the trend when recent return (momentum) over a window is above a threshold.

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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