Trend-Following Backtester · Guide · backtest 한국어

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Blackrock World Mining Trust PLC backtest

10 trend-following strategies were compared on the full daily history of Blackrock World Mining Trust PLC. 6 beat buy-and-hold CAGR; SMA 크로스오버 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is 볼린저 밴드 돌파 (CAGR 8.5%, MDD -37.5%).

Data 1993-12-15 ~ 2026-07-31daily bars 8,343 (32.6 years)Costs 0.5%Venue LSEMonthly snapshot 2026-07-31

Results by strategy

6 of 10 beat buy and hold (CAGR 7.0%, drawdown -80.6%).

Sharpe leader (same as main): SMA 크로스오버 — CAGR 10.9%, MDD -42.0%, Sharpe 0.61, 55% exposure.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 3.9%p higher than buy and hold, while drawdown improves by 38.6%p (CAGR 8.5%, MDD -37.5%, exposure 41%).

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
SMA 크로스오버
fast=10, slow=93
10.9%-42.0%0.610.2628.9x12255%
Keltner 채널 돌파
emaPeriod=56, atrPeriod=9, mult=2.2
8.7%-44.3%0.590.2015.1x16040%
볼린저 밴드 돌파
n=85, k=1.7
8.5%-37.5%0.560.2314.4x9041%
Donchian 채널 돌파
entryN=32, exitN=35
9.7%-62.7%0.560.1620.7x11655%
Supertrend
period=10, mult=3.6
9.0%-60.4%0.540.1516.6x25050%
EMA 크로스오버
fast=21, slow=60
9.2%-49.2%0.530.1917.4x12855%
ROC 모멘텀
n=120, threshold=0.14
6.6%-40.7%0.480.168.1x17231%
ADX / DI 방향성
period=39, threshold=12
3.3%-67.8%0.280.052.9x24033%
MACD
fast=22, slow=73, signal=8
2.6%-63.4%0.220.042.3x43253%
Parabolic SAR
step=0.015, maxStep=0.3
1.6%-79.7%0.180.021.7x54753%
Buy and hold7.0%-80.6%0.370.099.0x1100%
1x 10x 1994 1999 2004 2009 2014 2019 2024 SMA 크로스오버Buy and hold
SMA 크로스오버: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -20% -40% -60% -81% 1994 1999 2004 2009 2014 2019 2024 Buy and holdSMA 크로스오버
SMA 크로스오버 maximum drawdown -42.0% (2011-01-12 → 2015-06-01), recovered after 2,156 days.

Rules of the top strategy

When the short average rises above the long average, it reads that as an uptrend starting.

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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