Trend-Following Backtester · Guide · backtest 한국어

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GCP Infrastructure Investments Ltd GBP backtest

10 trend-following strategies were compared on the full daily history of GCP Infrastructure Investments Ltd GBP. 6 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ROC 모멘텀 (CAGR 0.5%, MDD -3.2%).

Data 2010-07-22 ~ 2026-07-31daily bars 4,049 (16.0 years)Costs 0.5%Venue LSEMonthly snapshot 2026-07-31

Results by strategy

6 of 10 beat buy and hold (CAGR -1.2%, drawdown -55.5%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 0.5%, MDD -3.2%, Sharpe 0.33, 0% exposure.

Return/drawdown alternative: ROC 모멘텀 — CAGR is 1.7%p higher than buy and hold, while drawdown improves by 52.2%p (CAGR 0.5%, MDD -3.2%, exposure 0%).

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=7, threshold=0.13
0.5%-3.2%0.330.161.1x40%
ADX / DI 방향성
period=38, threshold=31
-0.0%-7.6%0.01-0.001.0x22%
EMA 크로스오버
fast=42, slow=259
-0.7%-32.9%-0.04-0.020.9x2353%
볼린저 밴드 돌파
n=38, k=3.4
-0.2%-14.3%-0.06-0.011.0x114%
SMA 크로스오버
fast=54, slow=204
-1.0%-30.7%-0.06-0.030.9x2750%
Keltner 채널 돌파
emaPeriod=10, atrPeriod=27, mult=2.5
-0.3%-5.6%-0.18-0.051.0x41%
Donchian 채널 돌파
entryN=61, exitN=77
-2.5%-44.6%-0.19-0.060.7x3162%
Supertrend
period=13, mult=2.3
-4.6%-60.8%-0.37-0.080.5x12353%
Parabolic SAR
step=0.02, maxStep=0.36
-7.0%-73.2%-0.62-0.100.3x31151%
MACD
fast=19, slow=55, signal=24
-7.5%-74.4%-0.72-0.100.3x15551%
Buy and hold-1.2%-55.5%0.02-0.020.8x1100%
1x 2011 2013 2015 2017 2019 2021 2023 2025 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -14% -28% -42% -55% 2011 2013 2015 2017 2019 2021 2023 2025 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -3.2% (2020-04-01 → 2020-04-03), 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.
Re-run the same setupAll asset reports

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