Trend-Following Backtester · Guide · backtest 한국어

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iShares MSCI Europe ex-UK GBP Hedged UCITS ETF (Dist) backtest

10 trend-following strategies were compared on the full daily history of iShares MSCI Europe ex-UK GBP Hedged UCITS ETF (Dist). 0 beat buy-and-hold CAGR; 볼린저 밴드 돌파 ranks first by Sharpe, matching the main backtester.

Data 2015-03-31 ~ 2026-07-31daily bars 2,864 (11.3 years)Costs 0.5%Venue LSEMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 6.0%, drawdown -35.8%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 0.9%, MDD -3.4%, Sharpe 0.44, 5% exposure.

CAGR reference leader: EMA 크로스오버 — CAGR 4.1%, MDD -28.9%, exposure 69%.

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
볼린저 밴드 돌파
n=57, k=3.1
0.9%-3.4%0.440.261.1x25%
EMA 크로스오버
fast=47, slow=128
4.1%-28.9%0.410.141.6x1569%
SMA 크로스오버
fast=51, slow=163
3.4%-36.5%0.340.091.5x1366%
Supertrend
period=29, mult=4.5
2.9%-26.6%0.310.111.4x5370%
ROC 모멘텀
n=138, threshold=-0.03
2.7%-29.2%0.290.091.4x5173%
ADX / DI 방향성
period=34, threshold=20
0.5%-4.2%0.240.131.1x65%
Donchian 채널 돌파
entryN=101, exitN=42
1.6%-20.9%0.240.071.2x2542%
Keltner 채널 돌파
emaPeriod=58, atrPeriod=26, mult=3.5
0.2%-20.2%0.060.011.0x3733%
MACD
fast=19, slow=47, signal=22
-2.9%-37.8%-0.27-0.080.7x12050%
Parabolic SAR
step=0.005, maxStep=0.24
-4.6%-47.4%-0.41-0.100.6x11458%
Buy and hold6.0%-35.8%0.430.171.9x1100%
1x 2016 2018 2020 2022 2024 2026 EMA 크로스오버볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파 (Sharpe leader), EMA 크로스오버 (CAGR reference), Buy and hold.
0% -9% -18% -27% -36% 2016 2018 2020 2022 2024 2026 Buy and holdEMA 크로스오버볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -3.4% (2017-05-16 → 2017-06-30), prior peak not yet recovered.

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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