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Trend-Following Backtester · Guide · backtest 한국어

etf · GB

Blackrock Greater Europe Investment Trust PLC backtest

10 trend-following strategies were compared on the full daily history of Blackrock Greater Europe Investment Trust PLC. 0 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. Its 99% market exposure makes it hold-like.

Data 2004-09-20 ~ 2026-07-31daily bars 5,535 (21.9 years)Costs 0.5%Venue LSEMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 8.7%, drawdown -46.9%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 8.5%, MDD -48.6%, Sharpe 0.52, 99% 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 99%
n=10, threshold=-0.12
8.5%-48.6%0.520.175.9x2999%
SMA 크로스오버
fast=6, slow=143
5.8%-27.5%0.490.213.4x8164%
ADX / DI 방향성
period=13, threshold=49
1.7%-9.3%0.480.181.4x244%
Keltner 채널 돌파
emaPeriod=37, atrPeriod=15, mult=1.6
4.4%-28.4%0.450.152.6x14645%
EMA 크로스오버
fast=7, slow=158
5.3%-30.7%0.450.173.1x8367%
Supertrend
period=20, mult=5
5.1%-31.8%0.440.163.0x7365%
Donchian 채널 돌파
entryN=27, exitN=78
5.5%-47.3%0.420.123.2x5377%
볼린저 밴드 돌파
n=25, k=3
1.3%-11.8%0.380.111.3x186%
MACD
fast=22, slow=40, signal=21
3.6%-34.0%0.340.112.2x20651%
Parabolic SAR
step=0.015, maxStep=0.12
-0.8%-42.1%0.01-0.020.8x39059%
Buy and hold8.7%-46.9%0.520.196.2x1100%
1x 2005 2008 2011 2014 2017 2020 2023 2026 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -12% -24% -36% -49% 2005 2008 2011 2014 2017 2020 2023 2026 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -48.6% (2007-10-12 → 2009-03-10), recovered after 1,224 days.

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 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 setupMore GB assetsAll asset reports

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