Trend-Following Backtester · Guide · backtest 한국어

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CQS Natural Resources Growth and Income PLC GBP backtest

10 trend-following strategies were compared on the full daily history of CQS Natural Resources Growth and Income PLC GBP. 10 beat buy-and-hold CAGR; 볼린저 밴드 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Keltner 채널 돌파 (CAGR 8.7%, MDD -16.7%).

Data 1994-11-25 ~ 2026-07-31daily bars 8,096 (31.7 years)Costs 0.5%Venue LSEMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR 4.6%, drawdown -86.0%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 17.8%, MDD -42.0%, Sharpe 1.19, 38% exposure.

CAGR reference leader: Parabolic SAR — CAGR 19.2%, MDD -54.8%, exposure 53%.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 13.2%p higher than buy and hold, while drawdown improves by 44.0%p (CAGR 8.7%, MDD -16.7%, 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
볼린저 밴드 돌파
n=16, k=1.8
17.8%-42.0%1.190.42179.9x31738%
Keltner 채널 돌파
emaPeriod=14, atrPeriod=21, mult=3.5
8.7%-16.7%1.140.5214.0x8214%
Parabolic SAR
step=0.045, maxStep=0.1
19.2%-54.8%1.070.35258.0x60053%
Donchian 채널 돌파
entryN=37, exitN=8
11.8%-45.0%0.930.2634.1x20631%
ADX / DI 방향성
period=14, threshold=8
15.6%-61.1%0.920.2698.5x51852%
Supertrend
period=10, mult=1.6
15.8%-44.7%0.900.35105.3x50353%
MACD
fast=11, slow=51, signal=10
14.7%-58.9%0.840.2577.7x41951%
EMA 크로스오버
fast=4, slow=20
13.3%-59.3%0.790.2252.5x37554%
ROC 모멘텀
n=45, threshold=0.1
7.1%-33.2%0.580.218.8x25825%
SMA 크로스오버
fast=5, slow=218
9.1%-43.1%0.580.2115.7x8154%
Buy and hold4.6%-86.0%0.300.054.2x1100%
1x 10x 100x 1995 1999 2003 2007 2011 2015 2019 2023 Parabolic SAR볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파 (Sharpe leader), Parabolic SAR (CAGR reference), Buy and hold.
0% -21% -43% -64% -86% 1995 1999 2003 2007 2011 2015 2019 2023 Buy and holdParabolic SAR볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -42.0% (2012-03-02 → 2015-10-08), recovered after 3,057 days.

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.
Re-run the same setupAll asset reports

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