Trend-Following Backtester · Guide · backtest 한국어

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Bangchak Corporation Public Company Ltd backtest

10 trend-following strategies were compared on the full daily history of Bangchak Corporation Public Company Ltd. 10 beat buy-and-hold CAGR; MACD ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Keltner 채널 돌파 (CAGR 6.4%, MDD -36.9%).

Data 1994-08-02 ~ 2026-07-31daily bars 8,001 (32.0 years)Costs 0.5%Venue SETMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR -0.3%, drawdown -96.2%).

Sharpe leader (same as main): MACD — CAGR 10.0%, MDD -60.3%, Sharpe 0.46, 49% exposure.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 10.3%p higher than buy and hold, while drawdown improves by 35.9%p (CAGR 6.4%, MDD -36.9%, exposure 11%).

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=19, slow=44, signal=22
10.0%-60.3%0.460.1721.4x30349%
볼린저 밴드 돌파
n=30, k=3.5
6.3%-47.3%0.420.137.1x469%
Keltner 채널 돌파
emaPeriod=23, atrPeriod=12, mult=3.3
6.4%-36.9%0.400.177.4x6911%
ADX / DI 방향성
period=17, threshold=29
6.0%-46.8%0.370.136.5x13518%
Supertrend
period=22, mult=4.2
6.6%-62.1%0.350.117.7x11944%
EMA 크로스오버
fast=46, slow=224
6.2%-55.2%0.340.116.9x2747%
Parabolic SAR
step=0.015, maxStep=0.28
5.9%-59.5%0.340.106.2x44648%
Donchian 채널 돌파
entryN=107, exitN=25
4.5%-50.3%0.310.094.0x5518%
ROC 모멘텀
n=148, threshold=-0.04
5.1%-59.4%0.300.094.9x24553%
SMA 크로스오버
fast=21, slow=254
4.5%-54.5%0.290.084.1x4746%
Buy and hold-0.3%-96.2%0.21-0.000.9x1100%
0.1 1x 10x 1995 1999 2003 2007 2011 2015 2019 2023 MACDBuy and hold
MACD: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -24% -48% -72% -96% 1995 1999 2003 2007 2011 2015 2019 2023 Buy and holdMACD
MACD maximum drawdown -60.3% (2013-02-22 → 2019-11-21), recovered after 3,469 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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