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Trend-Following Backtester · Guide · backtest 한국어

etf · GB

Neuberger Private Equity Partners Limited USD Class A backtest

10 trend-following strategies were compared on the full daily history of Neuberger Private Equity Partners Limited USD Class A. 0 beat buy-and-hold CAGR; Keltner 채널 돌파 ranks first by Sharpe, matching the main backtester.

Data 2009-06-30 ~ 2026-07-31daily bars 4,318 (17.1 years)Costs 0.5%Venue LSEMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 8.0%, drawdown -59.8%).

Sharpe leader (same as main): Keltner 채널 돌파 — CAGR 4.3%, MDD -6.3%, Sharpe 0.90, 6% exposure.

CAGR reference leader: ROC 모멘텀 — CAGR 7.5%, MDD -39.3%, exposure 96%. It is hold-like at 95%+ exposure and is not used as the featured strategy.

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
Keltner 채널 돌파
emaPeriod=8, atrPeriod=15, mult=2.4
4.3%-6.3%0.900.682.1x226%
볼린저 밴드 돌파
n=23, k=3.3
3.1%-9.1%0.650.351.7x189%
Supertrend
period=34, mult=4.5
6.4%-47.9%0.490.132.9x5160%
ROC 모멘텀
Hold-like · Exposure 96%
n=30, threshold=-0.12
7.5%-39.3%0.480.193.4x3796%
EMA 크로스오버
fast=31, slow=124
4.4%-51.0%0.370.092.1x2961%
SMA 크로스오버
fast=33, slow=127
4.0%-42.6%0.340.092.0x3760%
Donchian 채널 돌파
entryN=11, exitN=33
4.2%-57.5%0.330.072.0x8176%
ADX / DI 방향성
period=17, threshold=25
0.7%-26.0%0.130.031.1x8017%
MACD
fast=16, slow=32, signal=18
0.5%-59.0%0.100.011.1x20450%
Parabolic SAR
step=0.02, maxStep=0.3
-0.7%-64.9%0.02-0.010.9x34353%
Buy and hold8.0%-59.8%0.460.133.7x1100%
1x 2010 2013 2016 2019 2022 2025 ROC 모멘텀Keltner 채널 돌파Buy and hold
Keltner 채널 돌파 (Sharpe leader), ROC 모멘텀 (CAGR reference), Buy and hold.
0% -15% -30% -45% -60% 2010 2013 2016 2019 2022 2025 Buy and holdROC 모멘텀Keltner 채널 돌파
Keltner 채널 돌파 maximum drawdown -6.3% (2009-09-01 → 2009-09-09), recovered after 20 days.

Rules of the top strategy

Breaking above the channel top (average plus a multiple of volatility) signals an upside breakout.

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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