Trend-Following Backtester · Guide · backtest 한국어

equity · AU

Mirvac Group backtest

10 trend-following strategies were compared on the full daily history of Mirvac Group. 4 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ADX / DI 방향성 (CAGR 0.5%, MDD -30.7%).

Data 1992-07-31 ~ 2026-07-31daily bars 8,578 (34.0 years)Costs 0.5%Venue ASXMonthly snapshot 2026-07-31

Results by strategy

4 of 10 beat buy and hold (CAGR -0.4%, drawdown -89.7%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 2.6%, MDD -46.1%, Sharpe 0.23, 88% exposure.

Return/drawdown alternative: ADX / DI 방향성 — CAGR is 3.0%p higher than buy and hold, while drawdown improves by 43.7%p (CAGR 0.5%, MDD -30.7%, exposure 10%).

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
n=113, threshold=-0.13
2.6%-46.1%0.230.062.4x10788%
Donchian 채널 돌파
entryN=33, exitN=99
0.9%-48.0%0.160.021.3x7178%
ADX / DI 방향성
period=25, threshold=34
0.5%-30.7%0.110.021.2x3210%
SMA 크로스오버
fast=42, slow=181
-0.4%-55.0%0.09-0.010.9x6459%
EMA 크로스오버
fast=17, slow=150
-1.2%-52.1%0.05-0.020.7x10059%
Supertrend
period=12, mult=4.8
-6.2%-94.9%-0.20-0.060.1x13450%
Parabolic SAR
step=0.005, maxStep=0.38
-7.3%-93.7%-0.23-0.080.1x23151%
MACD
fast=23, slow=58, signal=18
-8.4%-95.9%-0.25-0.090.1x31152%
볼린저 밴드 돌파
n=87, k=0.8
-8.5%-96.0%-0.38-0.090.0x20944%
Keltner 채널 돌파
emaPeriod=42, atrPeriod=10, mult=4
-6.2%-92.2%-0.44-0.070.1x8216%
Buy and hold-0.4%-89.7%0.15-0.000.9x1100%
1x 1993 1998 2003 2008 2013 2018 2023 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -22% -45% -67% -90% 1993 1998 2003 2008 2013 2018 2023 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -46.1% (2009-09-18 → 2011-09-27), recovered after 1,971 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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