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Trend-Following Backtester · Guide · backtest 한국어

etf · GB

India Capital Growth Fund Limited backtest

10 trend-following strategies were compared on the full daily history of India Capital Growth Fund Limited. 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 9.5%, MDD -15.2%).

Data 2005-12-22 ~ 2026-07-31daily bars 5,207 (20.6 years)Costs 0.5%Venue LSEMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR 2.6%, drawdown -83.3%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 9.5%, MDD -15.2%, Sharpe 0.88, 18% exposure.

CAGR reference leader: Supertrend — CAGR 14.8%, MDD -30.8%, exposure 57%.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 6.9%p higher than buy and hold, while drawdown improves by 68.1%p (CAGR 9.5%, MDD -15.2%, exposure 18%).

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=33, k=2.9
9.5%-15.2%0.880.626.4x4618%
Supertrend
period=24, mult=2.7
14.8%-30.8%0.880.4817.3x11957%
ADX / DI 방향성
period=31, threshold=12
10.2%-32.1%0.800.327.4x15141%
Donchian 채널 돌파
entryN=97, exitN=14
8.6%-21.7%0.770.395.4x4727%
Parabolic SAR
step=0.05, maxStep=0.1
12.7%-46.2%0.770.2811.8x49354%
Keltner 채널 돌파
emaPeriod=58, atrPeriod=21, mult=1.1
10.5%-36.9%0.720.287.8x10146%
MACD
fast=18, slow=57, signal=14
12.0%-48.3%0.710.2510.3x20250%
EMA 크로스오버
fast=47, slow=81
11.3%-35.3%0.710.329.0x3754%
SMA 크로스오버
fast=27, slow=125
10.5%-41.0%0.660.267.9x4353%
ROC 모멘텀
n=87, threshold=0.13
7.1%-27.5%0.650.264.1x11129%
Buy and hold2.6%-83.3%0.230.031.7x1100%
1x 10x 2006 2009 2012 2015 2018 2021 2024 Supertrend볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파 (Sharpe leader), Supertrend (CAGR reference), Buy and hold.
0% -21% -42% -62% -83% 2006 2009 2012 2015 2018 2021 2024 Buy and holdSupertrend볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -15.2% (2014-06-12 → 2016-04-15), recovered after 852 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.
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