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Trend-Following Backtester · Guide · backtest 한국어

equity · AU

NRW Holdings Limited backtest

10 trend-following strategies were compared on the full daily history of NRW Holdings Limited. 10 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 25.1%, MDD -32.5%).

Data 2007-09-05 ~ 2026-07-31daily bars 4,782 (18.9 years)Costs 0.5%Venue ASXMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR 5.8%, drawdown -98.9%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 25.1%, MDD -32.5%, Sharpe 0.79, 37% exposure.

CAGR reference leader: ROC 모멘텀 — CAGR 26.3%, MDD -50.9%, exposure 46%.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 19.3%p higher than buy and hold, while drawdown improves by 66.5%p (CAGR 25.1%, MDD -32.5%, exposure 37%).

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=57, exitN=19
25.1%-32.5%0.790.7768.6x5737%
볼린저 밴드 돌파
n=57, k=1.5
25.7%-46.7%0.770.5575.1x7841%
ROC 모멘텀
n=69, threshold=0.07
26.3%-50.9%0.770.5282.1x17346%
Keltner 채널 돌파
emaPeriod=68, atrPeriod=23, mult=2.2
23.8%-49.1%0.740.4957.0x6841%
SMA 크로스오버
fast=29, slow=47
22.1%-79.3%0.670.2843.3x9454%
Supertrend
period=22, mult=5
21.7%-71.9%0.670.3041.2x5154%
EMA 크로스오버
fast=48, slow=174
19.6%-62.5%0.650.3129.3x1756%
MACD
fast=31, slow=61, signal=6
25.6%-80.2%0.590.3274.7x21052%
ADX / DI 방향성
period=11, threshold=16
21.4%-77.0%0.530.2839.3x36450%
Parabolic SAR
step=0.015, maxStep=0.38
15.7%-69.7%0.460.2215.7x30652%
Buy and hold5.8%-98.9%0.390.062.9x1100%
0.1 1x 10x 2008 2011 2014 2017 2020 2023 2026 ROC 모멘텀Donchian 채널 돌파Buy and hold
Donchian 채널 돌파 (Sharpe leader), ROC 모멘텀 (CAGR reference), Buy and hold.
0% -25% -49% -74% -99% 2008 2011 2014 2017 2020 2023 2026 Buy and holdROC 모멘텀Donchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -32.5% (2016-10-03 → 2017-07-18), recovered after 315 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.
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