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Trend-Following Backtester · Guide · backtest 한국어

equity · GB

FRP Advisory Group Plc backtest

10 trend-following strategies were compared on the full daily history of FRP Advisory Group Plc. 0 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is 볼린저 밴드 돌파 (CAGR 4.4%, MDD -21.4%).

Data 2020-03-06 ~ 2026-07-31daily bars 1,616 (6.4 years)Costs 0.5%Venue LSEMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 5.5%, drawdown -40.2%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 3.5%, MDD -10.1%, Sharpe 0.47, 1% exposure.

CAGR reference leader: 볼린저 밴드 돌파 — CAGR 4.4%, MDD -21.4%, exposure 17%.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 2.0%p lower than buy and hold, while drawdown improves by 30.1%p (CAGR 4.4%, MDD -21.4%, exposure 17%).

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
n=9, threshold=0.23
3.5%-10.1%0.470.351.2x41%
볼린저 밴드 돌파
n=21, k=2.6
4.4%-21.4%0.360.211.3x2617%
Supertrend
period=16, mult=4.1
4.2%-38.3%0.300.111.3x2749%
Keltner 채널 돌파
emaPeriod=23, atrPeriod=16, mult=2
3.6%-23.9%0.290.151.3x3222%
ADX / DI 방향성
period=9, threshold=36
2.4%-31.1%0.220.081.2x7222%
SMA 크로스오버
fast=11, slow=183
1.7%-27.2%0.180.061.1x1647%
Parabolic SAR
step=0.01, maxStep=0.34
1.6%-46.9%0.180.031.1x7750%
Donchian 채널 돌파
entryN=11, exitN=47
1.3%-38.4%0.170.031.1x2978%
EMA 크로스오버
fast=37, slow=98
0.8%-23.5%0.140.031.1x1250%
MACD
fast=6, slow=49, signal=8
-3.4%-46.9%-0.08-0.070.8x13347%
Buy and hold5.5%-40.2%0.330.141.4x1100%
1x 2021 2022 2023 2024 2025 2026 볼린저 밴드 돌파ROC 모멘텀Buy and hold
ROC 모멘텀 (Sharpe leader), 볼린저 밴드 돌파 (CAGR reference), Buy and hold.
0% -10% -20% -30% -40% 2021 2022 2023 2024 2025 2026 Buy and hold볼린저 밴드 돌파ROC 모멘텀
ROC 모멘텀 maximum drawdown -10.1% (2020-04-20 → 2023-06-26), 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 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.
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