Trend-Following Backtester · Guide · backtest 한국어

equity · TH

PTT Exploration & Production Plc backtest

10 trend-following strategies were compared on the full daily history of PTT Exploration & Production Plc. 1 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Donchian 채널 돌파 (CAGR 7.8%, MDD -52.7%).

Data 2000-01-04 ~ 2026-07-31daily bars 6,586 (26.6 years)Costs 0.5%Venue SETMonthly snapshot 2026-07-31

Results by strategy

1 of 10 beat buy and hold (CAGR 7.4%, drawdown -79.0%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 7.8%, MDD -52.7%, Sharpe 0.32, 67% exposure.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 0.5%p higher than buy and hold, while drawdown improves by 26.4%p (CAGR 7.8%, MDD -52.7%, exposure 67%).

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
Donchian 채널 돌파
entryN=30, exitN=46
7.8%-52.7%0.320.157.4x7567%
Parabolic SAR
step=0.01, maxStep=0.14
7.0%-68.8%0.290.106.0x27556%
EMA 크로스오버
fast=38, slow=57
5.0%-67.0%0.250.073.7x7959%
Supertrend
period=26, mult=4.1
3.8%-64.4%0.220.062.7x11954%
SMA 크로스오버
fast=49, slow=201
2.4%-49.4%0.220.051.9x4554%
Keltner 채널 돌파
emaPeriod=58, atrPeriod=11, mult=3.6
3.8%-48.1%0.200.082.7x6429%
볼린저 밴드 돌파
n=26, k=3.3
1.2%-25.6%0.200.051.4x266%
ROC 모멘텀
n=88, threshold=-0.01
2.5%-58.0%0.190.041.9x28061%
MACD
fast=14, slow=28, signal=17
1.3%-63.1%0.170.021.4x32146%
ADX / DI 방향성
period=10, threshold=14
-0.0%-92.6%0.13-0.001.0x58752%
Buy and hold7.4%-79.0%0.330.096.6x1100%
1x 2001 2005 2009 2013 2017 2021 2025 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -20% -40% -59% -79% 2001 2005 2009 2013 2017 2021 2025 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -52.7% (2000-08-31 → 2002-09-04), recovered after 1,855 days.

Rules of the top strategy

A new high means a trend starting; a new low means it’s over (turtle-trading style).

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

Read next