Trend-Following Backtester · Guide · backtest 한국어

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Telix Pharmaceuticals Limited backtest

10 trend-following strategies were compared on the full daily history of Telix Pharmaceuticals Limited. 1 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 52.5%, MDD -43.6%).

Data 2017-11-14 ~ 2026-07-31daily bars 2,203 (8.7 years)Costs 0.5%Venue ASXMonthly snapshot 2026-07-31

Results by strategy

1 of 10 beat buy and hold (CAGR 39.7%, drawdown -72.3%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 52.5%, MDD -43.6%, Sharpe 1.12, 74% exposure.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 12.8%p higher than buy and hold, while drawdown improves by 28.7%p (CAGR 52.5%, MDD -43.6%, exposure 74%).

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=26, exitN=70
52.5%-43.6%1.121.2139.4x1374%
ROC 모멘텀
n=113, threshold=-0.02
38.9%-58.1%0.950.6717.5x4968%
SMA 크로스오버
fast=33, slow=138
36.1%-64.7%0.900.5614.6x1168%
MACD
fast=16, slow=23, signal=4
29.8%-73.9%0.850.409.7x19047%
EMA 크로스오버
fast=17, slow=99
30.0%-54.3%0.800.559.8x2969%
Supertrend
period=22, mult=5
28.3%-40.1%0.780.718.8x2763%
Parabolic SAR
step=0.015, maxStep=0.16
25.7%-63.1%0.770.417.3x14250%
볼린저 밴드 돌파
n=59, k=1.7
23.5%-34.9%0.760.676.3x4044%
Keltner 채널 돌파
emaPeriod=42, atrPeriod=11, mult=1
20.6%-43.9%0.680.475.1x9051%
ADX / DI 방향성
period=8, threshold=17
21.1%-71.6%0.670.295.3x23252%
Buy and hold39.7%-72.3%0.870.5518.4x1100%
1x 10x 2018 2020 2022 2024 2026 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -18% -36% -54% -72% 2018 2020 2022 2024 2026 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -43.6% (2022-08-11 → 2022-09-28), recovered after 253 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.
Re-run the same setupAll asset reports

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