Trend-Following Backtester · Guide · backtest 한국어

equity · GB

Bodycote plc backtest

10 trend-following strategies were compared on the full daily history of Bodycote plc. 3 beat buy-and-hold CAGR; Keltner 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Keltner 채널 돌파 (CAGR 6.3%, MDD -30.3%).

Data 1988-07-01 ~ 2026-07-31daily bars 9,766 (38.1 years)Costs 0.5%Venue LSEMonthly snapshot 2026-07-31

Results by strategy

3 of 10 beat buy and hold (CAGR 6.1%, drawdown -87.5%).

Sharpe leader (same as main): Keltner 채널 돌파 — CAGR 6.3%, MDD -30.3%, Sharpe 0.69, 14% exposure.

CAGR reference leader: 볼린저 밴드 돌파 — CAGR 7.3%, MDD -67.4%, exposure 46%.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 0.2%p higher than buy and hold, while drawdown improves by 57.2%p (CAGR 6.3%, MDD -30.3%, exposure 14%).

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
Keltner 채널 돌파
emaPeriod=14, atrPeriod=15, mult=4
6.3%-30.3%0.690.2110.3x10214%
ADX / DI 방향성
period=10, threshold=49
4.7%-26.8%0.610.185.8x13213%
볼린저 밴드 돌파
n=59, k=1.1
7.3%-67.4%0.440.1114.4x20046%
Donchian 채널 돌파
entryN=26, exitN=52
6.3%-81.3%0.360.0810.1x12970%
EMA 크로스오버
fast=42, slow=94
5.6%-63.5%0.350.098.0x7861%
Supertrend
period=10, mult=2.9
5.6%-60.3%0.340.097.8x41955%
ROC 모멘텀
n=43, threshold=-0.03
5.4%-62.8%0.330.097.4x48665%
SMA 크로스오버
fast=14, slow=160
5.3%-65.9%0.330.087.0x9461%
Parabolic SAR
step=0.045, maxStep=0.14
2.9%-91.4%0.240.033.0x92553%
MACD
fast=18, slow=52, signal=11
2.0%-79.0%0.200.032.1x47550%
Buy and hold6.1%-87.5%0.340.079.6x1100%
1x 10x 1989 1994 1999 2004 2009 2014 2019 2024 볼린저 밴드 돌파Keltner 채널 돌파Buy and hold
Keltner 채널 돌파 (Sharpe leader), 볼린저 밴드 돌파 (CAGR reference), Buy and hold.
0% -22% -44% -66% -87% 1989 1994 1999 2004 2009 2014 2019 2024 Buy and hold볼린저 밴드 돌파Keltner 채널 돌파
Keltner 채널 돌파 maximum drawdown -30.3% (1999-08-13 → 2000-10-31), recovered after 1,467 days.

Rules of the top strategy

Breaking above the channel top (average plus a multiple of volatility) signals an upside breakout.

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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