Trend-Following Backtester · Guide · backtest 한국어

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International Biotechnology Trust PLC backtest

10 trend-following strategies were compared on the full daily history of International Biotechnology Trust PLC. 10 beat buy-and-hold CAGR; 볼린저 밴드 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is 볼린저 밴드 돌파 (CAGR 11.4%, MDD -17.1%).

Data 1994-03-31 ~ 2026-07-31daily bars 8,267 (32.3 years)Costs 0.5%Venue LSEMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR 7.4%, drawdown -85.4%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 11.4%, MDD -17.1%, Sharpe 1.01, 16% exposure.

CAGR reference leader: Donchian 채널 돌파 — CAGR 14.2%, MDD -51.8%, exposure 50%.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 4.0%p higher than buy and hold, while drawdown improves by 68.3%p (CAGR 11.4%, MDD -17.1%, exposure 16%).

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=2.8
11.4%-17.1%1.010.6733.0x11416%
Keltner 채널 돌파
emaPeriod=16, atrPeriod=11, mult=2.4
10.3%-23.0%0.900.4523.8x11819%
ADX / DI 방향성
period=10, threshold=36
10.0%-30.1%0.830.3322.1x21222%
Donchian 채널 돌파
entryN=69, exitN=42
14.2%-51.8%0.770.2774.0x5550%
Supertrend
period=27, mult=4.3
13.1%-57.7%0.770.2353.6x13257%
EMA 크로스오버
fast=8, slow=104
13.5%-52.1%0.720.2660.5x9956%
SMA 크로스오버
fast=13, slow=126
12.5%-51.8%0.670.2444.7x8955%
ROC 모멘텀
n=108, threshold=-0.03
10.5%-64.9%0.570.1625.2x20162%
Parabolic SAR
step=0.015, maxStep=0.32
9.3%-72.7%0.570.1317.8x48451%
MACD
fast=14, slow=93, signal=15
9.0%-64.2%0.550.1416.1x31251%
Buy and hold7.4%-85.4%0.390.0910.1x1100%
1x 10x 1995 1999 2003 2007 2011 2015 2019 2023 Donchian 채널 돌파볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파 (Sharpe leader), Donchian 채널 돌파 (CAGR reference), Buy and hold.
0% -21% -43% -64% -85% 1995 1999 2003 2007 2011 2015 2019 2023 Buy and holdDonchian 채널 돌파볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -17.1% (2001-10-23 → 2002-04-23), recovered after 563 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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