Trend-Following Backtester · Guide · backtest 한국어

equity · AU

NIB Holdings Ltd backtest

10 trend-following strategies were compared on the full daily history of NIB Holdings Ltd. 0 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 10.2%, MDD -42.9%).

Data 2007-11-04 ~ 2026-07-31daily bars 4,739 (18.7 years)Costs 0.5%Venue ASXMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 10.3%, drawdown -56.2%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 10.2%, MDD -42.9%, Sharpe 0.52, 70% exposure.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 0.1%p lower than buy and hold, while drawdown improves by 13.2%p (CAGR 10.2%, MDD -42.9%, exposure 70%).

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=43, exitN=74
10.2%-42.9%0.520.246.2x2970%
SMA 크로스오버
fast=50, slow=215
8.7%-34.1%0.490.254.8x2765%
ROC 모멘텀
n=140, threshold=-0.08
9.1%-38.5%0.480.245.1x9780%
EMA 크로스오버
fast=42, slow=188
7.5%-39.5%0.440.193.9x2769%
Supertrend
period=11, mult=5
5.8%-51.7%0.360.112.9x4764%
볼린저 밴드 돌파
n=45, k=2.3
3.8%-45.3%0.310.082.0x7130%
Keltner 채널 돌파
emaPeriod=35, atrPeriod=26, mult=1.3
3.9%-34.2%0.300.122.1x13740%
ADX / DI 방향성
period=36, threshold=38
1.0%-9.8%0.260.101.2x42%
Parabolic SAR
step=0.015, maxStep=0.34
-0.1%-63.3%0.10-0.001.0x29354%
MACD
fast=18, slow=36, signal=23
-1.2%-61.2%0.05-0.020.8x20950%
Buy and hold10.3%-56.2%0.480.186.3x1100%
1x 2008 2011 2014 2017 2020 2023 2026 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -14% -28% -42% -56% 2008 2011 2014 2017 2020 2023 2026 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -42.9% (2021-08-20 → 2025-02-03), prior peak not yet recovered.

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