Trend-Following Backtester · Guide · backtest 한국어

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Mercantile Investment Trust PLC backtest

10 trend-following strategies were compared on the full daily history of Mercantile Investment Trust PLC. 0 beat buy-and-hold CAGR; Supertrend ranks first by Sharpe, matching the main backtester.

Data 1972-09-29 ~ 2026-07-31daily bars 13,876 (53.8 years)Costs 0.5%Venue LSEMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 7.5%, drawdown -91.8%).

Sharpe leader (same as main): Supertrend — CAGR 1.6%, MDD -92.3%, Sharpe 0.26, 55% exposure.

CAGR reference leader: Keltner 채널 돌파 — CAGR 2.6%, MDD -65.5%, exposure 36%.

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
Supertrend
period=10, mult=4.1
1.6%-92.3%0.260.022.3x36755%
Keltner 채널 돌파
emaPeriod=28, atrPeriod=9, mult=3.8
2.6%-65.5%0.250.044.0x23236%
Donchian 채널 돌파
entryN=25, exitN=40
0.1%-91.3%0.190.001.0x24765%
ROC 모멘텀
n=119, threshold=-0.1
-1.9%-98.9%0.19-0.020.3x15982%
EMA 크로스오버
fast=17, slow=32
-0.6%-90.7%0.16-0.010.7x30360%
SMA 크로스오버
fast=33, slow=209
0.4%-92.0%0.150.001.2x8367%
Parabolic SAR
step=0.005, maxStep=0.12
0.4%-99.3%0.150.001.2x32558%
볼린저 밴드 돌파
n=28, k=1.1
2.6%-94.2%0.150.033.9x47949%
MACD
fast=25, slow=49, signal=18
1.5%-93.1%0.140.022.2x45352%
ADX / DI 방향성
period=9, threshold=25
-0.4%-97.4%0.13-0.000.8x74143%
Buy and hold7.5%-91.8%0.220.0848.9x1100%
1x 10x 100x 1973 1980 1987 1994 2001 2008 2015 2022 Keltner 채널 돌파SupertrendBuy and hold
Supertrend (Sharpe leader), Keltner 채널 돌파 (CAGR reference), Buy and hold.
0% -23% -46% -69% -92% 1973 1980 1987 1994 2001 2008 2015 2022 Buy and holdKeltner 채널 돌파Supertrend
Supertrend maximum drawdown -92.3% (2013-12-30 → 2017-01-04), prior peak not yet recovered.

Rules of the top strategy

Trades the direction of a volatility-based trend line that trails below/above price.

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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