Trend-Following Backtester · Guide · backtest 한국어

equity · GB

IMI plc backtest

10 trend-following strategies were compared on the full daily history of IMI plc. 0 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester.

Data 1988-07-01 ~ 2026-07-31daily bars 9,766 (38.1 years)Costs 0.5%Venue LSEMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 6.9%, drawdown -65.5%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 4.9%, MDD -57.9%, Sharpe 0.31, 88% exposure.

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
Donchian 채널 돌파
entryN=9, exitN=79
4.9%-57.9%0.310.086.1x11588%
Supertrend
period=28, mult=5
2.9%-73.0%0.240.043.0x17959%
SMA 크로스오버
fast=30, slow=130
2.9%-62.1%0.240.053.0x9360%
Keltner 채널 돌파
emaPeriod=137, atrPeriod=26, mult=0.8
2.3%-63.4%0.210.042.4x23357%
EMA 크로스오버
fast=46, slow=233
2.1%-69.3%0.200.032.2x4961%
ROC 모멘텀
n=74, threshold=-0.02
1.2%-78.8%0.160.021.6x41565%
ADX / DI 방향성
period=14, threshold=60
0.1%-5.2%0.070.011.0x20%
MACD
fast=20, slow=59, signal=24
-0.7%-76.1%0.07-0.010.8x36752%
볼린저 밴드 돌파
n=20, k=3.5
-0.3%-14.4%-0.06-0.020.9x182%
Parabolic SAR
step=0.015, maxStep=0.32
-4.1%-94.6%-0.09-0.040.2x67854%
Buy and hold6.9%-65.5%0.370.1012.5x1100%
1x 10x 1989 1994 1999 2004 2009 2014 2019 2024 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -16% -33% -49% -65% 1989 1994 1999 2004 2009 2014 2019 2024 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -57.9% (1998-05-25 → 2001-10-03), recovered after 2,851 days.

Rules of the top strategy

A new high means a trend starting; a new low means it’s over (turtle-trading style).

Method and caveats

Past performance does not guarantee future returns. Parameters were carried forward from the latest full optimization and replayed on this monthly dataset. 0.5% trading costs are included; taxes, slippage and rejected orders are not.
Re-optimize the same period and setupAll asset reports

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