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Trend-Following Backtester · Guide · backtest 한국어

equity · AU

Tabcorp Holdings Limited backtest

10 trend-following strategies were compared on the full daily history of Tabcorp Holdings Limited. 2 beat buy-and-hold CAGR; ADX / DI 방향성 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is SMA 크로스오버 (CAGR 5.9%, MDD -47.6%).

Data 1994-08-31 ~ 2026-07-31daily bars 8,154 (31.9 years)Costs 0.5%Venue ASXMonthly snapshot 2026-07-31

Results by strategy

2 of 10 beat buy and hold (CAGR 5.7%, drawdown -75.2%).

Sharpe leader (same as main): ADX / DI 방향성 — CAGR 4.3%, MDD -16.0%, Sharpe 0.54, 11% exposure.

CAGR reference leader: ROC 모멘텀 — CAGR 7.9%, MDD -72.5%, exposure 100%. It is hold-like at 95%+ exposure and is not used as the featured strategy.

Return/drawdown alternative: SMA 크로스오버 — CAGR is 1.4%p lower than buy and hold, while drawdown improves by 59.2%p (CAGR 5.9%, MDD -47.6%, exposure 58%).

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
ADX / DI 방향성
period=54, threshold=34
4.3%-16.0%0.540.273.8x1011%
ROC 모멘텀
Hold-like · Exposure 100%
n=6, threshold=-0.15
7.9%-72.5%0.400.1111.5x11100%
Keltner 채널 돌파
emaPeriod=31, atrPeriod=8, mult=3.9
3.3%-28.3%0.380.122.8x4416%
SMA 크로스오버
fast=31, slow=148
5.9%-47.6%0.370.126.2x6658%
EMA 크로스오버
fast=53, slow=127
5.1%-57.6%0.330.094.9x5259%
Donchian 채널 돌파
entryN=64, exitN=45
4.0%-53.9%0.300.073.5x7249%
볼린저 밴드 돌파
n=41, k=2.8
1.5%-40.1%0.190.041.6x7219%
Supertrend
period=16, mult=5
1.7%-64.2%0.180.031.7x10357%
Parabolic SAR
step=0.005, maxStep=0.3
-1.4%-85.5%0.03-0.020.6x24354%
MACD
fast=12, slow=24, signal=18
-7.8%-96.2%-0.30-0.080.1x50948%
Buy and hold5.7%-75.2%0.330.085.9x1100%
1x 10x 1995 1999 2003 2007 2011 2015 2019 2023 ROC 모멘텀ADX / DI 방향성Buy and hold
ADX / DI 방향성 (Sharpe leader), ROC 모멘텀 (CAGR reference), Buy and hold.
0% -19% -38% -56% -75% 1995 1999 2003 2007 2011 2015 2019 2023 Buy and holdROC 모멘텀ADX / DI 방향성
ADX / DI 방향성 maximum drawdown -16.0% (1996-10-29 → 1998-02-03), recovered after 576 days.

Rules of the top strategy

Looks at both the direction and the strength of the trend; holds only in a strong uptrend.

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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