Trend-Following Backtester · Guide · backtest 한국어

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Monadelphous Group Limited backtest

10 trend-following strategies were compared on the full daily history of Monadelphous Group Limited. 0 beat buy-and-hold CAGR; SMA 크로스오버 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is SMA 크로스오버 (CAGR 13.3%, MDD -58.5%).

Data 1988-01-28 ~ 2026-07-31daily bars 9,869 (38.5 years)Costs 0.5%Venue ASXMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 17.3%, drawdown -80.8%).

Sharpe leader (same as main): SMA 크로스오버 — CAGR 13.3%, MDD -58.5%, Sharpe 0.62, 60% exposure.

CAGR reference leader: Donchian 채널 돌파 — CAGR 17.0%, MDD -68.8%, exposure 84%.

Return/drawdown alternative: SMA 크로스오버 — CAGR is 4.0%p lower than buy and hold, while drawdown improves by 22.3%p (CAGR 13.3%, MDD -58.5%, exposure 60%).

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
SMA 크로스오버
fast=36, slow=193
13.3%-58.5%0.620.23122.3x5760%
EMA 크로스오버
fast=31, slow=108
12.5%-63.9%0.580.2093.5x7761%
ROC 모멘텀
n=145, threshold=0.06
11.2%-67.4%0.560.1760.1x21154%
Supertrend
period=10, mult=4
10.5%-69.8%0.510.1546.5x19458%
Donchian 채널 돌파
entryN=11, exitN=55
17.0%-68.8%0.500.25416.2x15384%
Keltner 채널 돌파
emaPeriod=26, atrPeriod=21, mult=2.2
7.5%-64.5%0.440.1216.5x21640%
ADX / DI 방향성
period=21, threshold=17
7.2%-69.2%0.420.1014.3x26244%
볼린저 밴드 돌파
n=38, k=0.8
7.2%-74.8%0.400.1014.8x31652%
MACD
fast=18, slow=42, signal=17
10.9%-70.4%0.380.1654.3x38850%
Parabolic SAR
step=0.015, maxStep=0.26
5.3%-73.5%0.330.077.2x46855%
Buy and hold17.3%-80.8%0.510.21466.0x1100%
1x 10x 100x 1989 1994 1999 2004 2009 2014 2019 2024 Donchian 채널 돌파SMA 크로스오버Buy and hold
SMA 크로스오버 (Sharpe leader), Donchian 채널 돌파 (CAGR reference), Buy and hold.
0% -20% -40% -61% -81% 1989 1994 1999 2004 2009 2014 2019 2024 Buy and holdDonchian 채널 돌파SMA 크로스오버
SMA 크로스오버 maximum drawdown -58.5% (2017-11-26 → 2022-07-15), recovered after 2,969 days.

Rules of the top strategy

When the short average rises above the long average, it reads that as an uptrend starting.

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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