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Trend-Following Backtester · Guide · backtest 한국어

equity · GB

Picton Property Income Limited backtest

10 trend-following strategies were compared on the full daily history of Picton Property Income Limited. 8 beat buy-and-hold CAGR; 볼린저 밴드 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ADX / DI 방향성 (CAGR 2.7%, MDD -13.4%).

Data 2005-10-24 ~ 2026-07-31daily bars 5,250 (20.8 years)Costs 0.5%Venue LSEMonthly snapshot 2026-07-31

Results by strategy

8 of 10 beat buy and hold (CAGR -1.5%, drawdown -89.2%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 5.1%, MDD -18.8%, Sharpe 0.51, 12% exposure.

CAGR reference leader: Donchian 채널 돌파 — CAGR 6.1%, MDD -20.5%, exposure 45%.

Return/drawdown alternative: ADX / DI 방향성 — CAGR is 6.6%p higher than buy and hold, while drawdown improves by 70.5%p (CAGR 2.7%, MDD -13.4%, exposure 7%).

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=58, k=3.3
5.1%-18.8%0.510.272.8x1012%
Donchian 채널 돌파
entryN=73, exitN=43
6.1%-20.5%0.470.303.5x3845%
ADX / DI 방향성
period=31, threshold=29
2.7%-13.4%0.450.201.7x167%
Keltner 채널 돌파
emaPeriod=55, atrPeriod=15, mult=2.3
4.4%-30.6%0.380.142.4x5831%
SMA 크로스오버
fast=56, slow=134
5.2%-55.0%0.360.092.8x3650%
ROC 모멘텀
n=63, threshold=0.23
3.0%-18.8%0.350.161.9x344%
EMA 크로스오버
fast=15, slow=93
3.8%-36.5%0.310.102.2x6253%
Supertrend
period=27, mult=5
2.0%-55.0%0.200.041.5x4460%
MACD
fast=18, slow=40, signal=18
-6.8%-82.0%-0.21-0.080.2x25550%
Parabolic SAR
step=0.015, maxStep=0.2
-8.7%-87.9%-0.33-0.100.2x37353%
Buy and hold-1.5%-89.2%0.12-0.020.7x1100%
1x 2006 2009 2012 2015 2018 2021 2024 Donchian 채널 돌파볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파 (Sharpe leader), Donchian 채널 돌파 (CAGR reference), Buy and hold.
0% -22% -45% -67% -89% 2006 2009 2012 2015 2018 2021 2024 Buy and holdDonchian 채널 돌파볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -18.8% (2009-05-05 → 2009-05-13), recovered after 21 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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