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Trend-Following Backtester · Guide · backtest 한국어

etf · GB

Aberdeen UK Smaller Companies Growth Trust plc GBP backtest

10 trend-following strategies were compared on the full daily history of Aberdeen UK Smaller Companies Growth Trust plc GBP. 10 beat buy-and-hold CAGR; 볼린저 밴드 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is 볼린저 밴드 돌파 (CAGR 8.8%, MDD -19.3%).

Data 1993-08-19 ~ 2026-07-31daily bars 8,427 (32.9 years)Costs 0.5%Venue LSEMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR 5.1%, drawdown -90.1%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 8.8%, MDD -19.3%, Sharpe 1.27, 19% exposure.

CAGR reference leader: Supertrend — CAGR 14.6%, MDD -36.2%, exposure 59%.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 3.7%p higher than buy and hold, while drawdown improves by 70.7%p (CAGR 8.8%, MDD -19.3%, exposure 19%).

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
볼린저 밴드 돌파
n=11, k=2.5
8.8%-19.3%1.270.4515.9x18819%
Keltner 채널 돌파
emaPeriod=17, atrPeriod=13, mult=2.1
9.6%-25.7%1.190.3720.4x17428%
Supertrend
period=14, mult=4.4
14.6%-36.2%1.170.4088.5x16159%
Donchian 채널 돌파
entryN=77, exitN=42
12.6%-23.2%1.140.5449.3x5749%
Parabolic SAR
step=0.01, maxStep=0.1
13.2%-24.1%1.060.5559.0x35156%
ADX / DI 방향성
period=34, threshold=19
8.2%-29.5%0.980.2813.6x12633%
ROC 모멘텀
n=24, threshold=-0.02
11.4%-32.8%0.890.3535.0x38371%
EMA 크로스오버
fast=18, slow=38
10.8%-37.3%0.880.2929.2x14762%
SMA 크로스오버
fast=12, slow=100
10.1%-36.8%0.820.2723.6x10360%
MACD
fast=12, slow=68, signal=15
8.1%-39.1%0.720.2113.2x37952%
Buy and hold5.1%-90.1%0.350.065.1x1100%
1x 10x 100x 1994 1999 2004 2009 2014 2019 2024 Supertrend볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파 (Sharpe leader), Supertrend (CAGR reference), Buy and hold.
0% -23% -45% -68% -90% 1994 1999 2004 2009 2014 2019 2024 Buy and holdSupertrend볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -19.3% (2020-01-02 → 2026-04-09), prior peak not yet recovered.

Rules of the top strategy

Breaking above the upper band (average plus a multiple of volatility) signals a strong move up.

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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