Trend-Following Backtester · Guide · backtest 한국어

equity · AU

Orica Limited backtest

10 trend-following strategies were compared on the full daily history of Orica Limited. 0 beat buy-and-hold CAGR; Supertrend ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Supertrend (CAGR 4.3%, MDD -52.7%).

Data 1988-01-28 ~ 2026-07-31daily bars 9,872 (38.5 years)Costs 0.5%Venue ASXMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 4.7%, drawdown -70.4%).

Sharpe leader (same as main): Supertrend — CAGR 4.3%, MDD -52.7%, Sharpe 0.32, 57% exposure.

Return/drawdown alternative: Supertrend — CAGR is 0.5%p lower than buy and hold, while drawdown improves by 17.7%p (CAGR 4.3%, MDD -52.7%, exposure 57%).

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
Supertrend
period=10, mult=5
4.3%-52.7%0.320.085.0x12757%
Donchian 채널 돌파
entryN=67, exitN=64
3.8%-59.5%0.300.064.3x7755%
ADX / DI 방향성
period=39, threshold=20
2.5%-30.0%0.280.082.6x6421%
EMA 크로스오버
fast=44, slow=320
2.7%-66.7%0.240.042.8x5556%
SMA 크로스오버
fast=52, slow=149
2.6%-60.9%0.230.042.7x7954%
Keltner 채널 돌파
emaPeriod=11, atrPeriod=26, mult=3.7
1.7%-27.1%0.230.061.9x6017%
볼린저 밴드 돌파
n=11, k=2.9
1.5%-27.1%0.210.061.8x6617%
ROC 모멘텀
n=121, threshold=0.04
1.2%-66.6%0.150.021.6x26245%
Parabolic SAR
step=0.01, maxStep=0.34
-0.8%-85.0%0.05-0.010.7x40253%
MACD
fast=19, slow=53, signal=24
-7.9%-97.5%-0.34-0.080.0x38851%
Buy and hold4.7%-70.4%0.300.075.9x1100%
1x 1989 1994 1999 2004 2009 2014 2019 2024 SupertrendBuy and hold
Supertrend: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -18% -35% -53% -70% 1989 1994 1999 2004 2009 2014 2019 2024 Buy and holdSupertrend
Supertrend maximum drawdown -52.7% (1997-08-28 → 2001-09-21), recovered after 2,148 days.

Rules of the top strategy

Trades the direction of a volatility-based trend line that trails below/above price.

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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