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Trend-Following Backtester · Guide · backtest 한국어

equity · GB

BP PLC backtest

10 trend-following strategies were compared on the full daily history of BP PLC. 0 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. Its 100% market exposure makes it hold-like.

Data 1988-07-01 ~ 2026-07-31daily bars 9,765 (38.1 years)Costs 0.5%Venue LSEMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 3.9%, drawdown -72.8%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 3.9%, MDD -74.6%, Sharpe 0.27, 100% exposure. With at least 95% exposure, it should be treated as hold-like, not strong evidence of timing skill.

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
ROC 모멘텀
Hold-like · Exposure 100%
n=1, threshold=-0.1
3.9%-74.6%0.270.054.2x9100%
EMA 크로스오버
fast=41, slow=85
1.7%-66.8%0.180.021.9x9760%
SMA 크로스오버
fast=28, slow=145
1.6%-66.7%0.180.021.8x8860%
Donchian 채널 돌파
entryN=14, exitN=50
0.5%-71.1%0.130.011.2x14977%
볼린저 밴드 돌파
n=26, k=3.3
0.1%-14.8%0.050.011.0x182%
Parabolic SAR
step=0.005, maxStep=0.32
-1.1%-70.4%0.03-0.020.7x32754%
MACD
fast=18, slow=55, signal=17
-2.2%-78.5%-0.02-0.030.4x44751%
Supertrend
period=10, mult=4
-2.2%-78.1%-0.03-0.030.4x24352%
Keltner 채널 돌파
emaPeriod=17, atrPeriod=24, mult=2.6
-1.3%-45.1%-0.11-0.030.6x16113%
ADX / DI 방향성
period=26, threshold=24
-1.1%-46.3%-0.14-0.020.7x566%
Buy and hold3.9%-72.8%0.280.054.4x1100%
1x 1989 1994 1999 2004 2009 2014 2019 2024 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -19% -37% -56% -75% 1989 1994 1999 2004 2009 2014 2019 2024 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -74.6% (2006-04-21 → 2020-10-28), prior peak not yet recovered.

Rules of the top strategy

Rides the trend when recent return (momentum) over a window is above a threshold.

Method and caveats

Past performance does not guarantee future returns. Parameters were carried forward from the latest full optimization and replayed on this monthly dataset. 0.5% trading costs are included; taxes, slippage and rejected orders are not.
Re-optimize the same period and setupMore GB assetsAll asset reports

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