Trend-Following Backtester · Guide · backtest 한국어

equity · GB

Kingfisher Plc backtest

10 trend-following strategies were compared on the full daily history of Kingfisher Plc. 1 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. Its 98% market exposure makes it hold-like. The return/drawdown alternative is SMA 크로스오버 (CAGR 8.4%, MDD -66.4%).

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

1 of 10 beat buy and hold (CAGR 7.9%, drawdown -89.9%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 7.1%, MDD -91.9%, Sharpe 0.27, 98% exposure. With at least 95% exposure, it should be treated as hold-like, not strong evidence of timing skill.

CAGR reference leader: SMA 크로스오버 — CAGR 8.4%, MDD -66.4%, exposure 50%.

Return/drawdown alternative: SMA 크로스오버 — CAGR is 0.8%p lower than buy and hold, while drawdown improves by -2.0%p (CAGR 8.4%, MDD -66.4%, exposure 50%).

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
Hold-like · Exposure 98%
n=8, threshold=-0.12
7.1%-91.9%0.270.0813.8x11598%
SMA 크로스오버
fast=31, slow=62
8.4%-66.4%0.270.1321.5x16550%
Donchian 채널 돌파
entryN=11, exitN=75
4.8%-89.7%0.220.055.9x12785%
Keltner 채널 돌파
emaPeriod=15, atrPeriod=13, mult=2.7
5.9%-24.3%0.210.249.0x8616%
Supertrend
period=7, mult=4.8
4.8%-80.9%0.210.066.0x14956%
EMA 크로스오버
fast=42, slow=196
2.1%-63.6%0.200.032.2x5659%
볼린저 밴드 돌파
n=57, k=1.1
2.7%-83.5%0.170.032.8x23946%
MACD
fast=23, slow=56, signal=24
2.3%-85.9%0.170.032.3x31347%
ADX / DI 방향성
period=37, threshold=34
1.4%-14.3%0.160.101.7x87%
Parabolic SAR
step=0.015, maxStep=0.32
-5.9%-99.1%0.02-0.060.1x64354%
Buy and hold7.9%-89.9%0.280.0918.3x1100%
1x 10x 1989 1994 1999 2004 2009 2014 2019 2024 SMA 크로스오버ROC 모멘텀Buy and hold
ROC 모멘텀 (Sharpe leader), SMA 크로스오버 (CAGR reference), Buy and hold.
0% -23% -46% -69% -92% 1989 1994 1999 2004 2009 2014 2019 2024 Buy and holdSMA 크로스오버ROC 모멘텀
ROC 모멘텀 maximum drawdown -91.9% (1999-04-12 → 2008-07-15), 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 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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