Trend-Following Backtester · Guide · backtest 한국어

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Franco-Nevada Corporation backtest

10 trend-following strategies were compared on the full daily history of Franco-Nevada Corporation. 0 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester.

Data 2007-12-03 ~ 2026-07-31daily bars 4,683 (18.7 years)Costs 0.5%Venue TSXMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 17.3%, drawdown -47.8%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 12.5%, MDD -47.4%, Sharpe 0.54, 80% exposure.

No strategy retained at least 75% of buy-and-hold CAGR while reducing drawdown by both 20% relatively and 5 percentage points absolutely.

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=14, exitN=50
12.5%-47.4%0.540.269.0x5980%
ROC 모멘텀
n=87, threshold=-0.14
10.9%-47.6%0.490.236.9x7588%
SMA 크로스오버
fast=26, slow=203
9.8%-41.8%0.490.245.8x3268%
EMA 크로스오버
fast=55, slow=108
9.9%-42.2%0.480.235.8x3071%
Parabolic SAR
step=0.02, maxStep=0.18
3.1%-60.6%0.250.051.8x41153%
Supertrend
period=19, mult=4.2
1.7%-54.6%0.190.031.4x8653%
MACD
fast=12, slow=58, signal=14
0.7%-53.5%0.150.011.1x25949%
볼린저 밴드 돌파
n=25, k=1.8
0.5%-47.1%0.120.011.1x16036%
Keltner 채널 돌파
emaPeriod=34, atrPeriod=16, mult=1.2
-1.6%-57.6%0.03-0.030.7x19044%
ADX / DI 방향성
period=26, threshold=24
-0.2%-22.1%0.02-0.011.0x4210%
Buy and hold17.3%-47.8%0.630.3619.5x1100%
1x 10x 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% -12% -24% -36% -48% 2008 2011 2014 2017 2020 2023 2026 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -47.4% (2008-03-03 → 2008-11-19), recovered after 347 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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