Trend-Following Backtester · Guide · backtest 한국어

equity · SA

Makkah Construction & Development Co. backtest

10 trend-following strategies were compared on the full daily history of Makkah Construction & Development Co.. 2 beat buy-and-hold CAGR; MACD ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is MACD (CAGR 8.7%, MDD -29.7%).

Data 2010-03-03 ~ 2026-07-30daily bars 4,036 (16.4 years)Costs 0.5%Venue TADAWULMonthly snapshot 2026-07-31

Results by strategy

2 of 10 beat buy and hold (CAGR 7.7%, drawdown -53.7%).

Sharpe leader (same as main): MACD — CAGR 8.7%, MDD -29.7%, Sharpe 0.51, 47% exposure.

Return/drawdown alternative: MACD — CAGR is 1.0%p higher than buy and hold, while drawdown improves by 23.9%p (CAGR 8.7%, MDD -29.7%, exposure 47%).

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
MACD
fast=18, slow=57, signal=19
8.7%-29.7%0.510.293.9x12647%
볼린저 밴드 돌파
n=40, k=3.3
6.1%-24.2%0.490.252.6x3218%
Supertrend
period=8, mult=2.4
7.8%-35.3%0.470.223.4x13853%
Donchian 채널 돌파
entryN=23, exitN=68
7.6%-48.9%0.430.163.3x3378%
Parabolic SAR
step=0.02, maxStep=0.04
6.1%-44.5%0.390.142.6x15451%
ROC 모멘텀
n=52, threshold=-0.08
6.4%-54.7%0.380.122.8x10982%
SMA 크로스오버
fast=49, slow=161
5.3%-52.8%0.350.102.4x3162%
ADX / DI 방향성
period=32, threshold=21
3.8%-37.0%0.330.101.8x5025%
EMA 크로스오버
fast=57, slow=186
3.9%-59.0%0.290.071.9x2758%
Keltner 채널 돌파
emaPeriod=40, atrPeriod=11, mult=1.3
3.4%-44.5%0.270.081.7x12042%
Buy and hold7.7%-53.7%0.410.143.4x1100%
1x 2011 2013 2015 2017 2019 2021 2023 2025 MACDBuy and hold
MACD: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -13% -27% -40% -54% 2011 2013 2015 2017 2019 2021 2023 2025 Buy and holdMACD
MACD maximum drawdown -29.7% (2015-03-23 → 2015-10-29), recovered after 744 days.

Rules of the top strategy

Looks at the gap (MACD) between a short and long average crossing its own signal line.

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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