Trend-Following Backtester · Guide · backtest 한국어

equity · GB

Pinewood Technologies Group PLC backtest

10 trend-following strategies were compared on the full daily history of Pinewood Technologies Group PLC. 4 beat buy-and-hold CAGR; ADX / DI 방향성 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Parabolic SAR (CAGR 23.7%, MDD -71.4%).

Data 1989-11-10 ~ 2026-07-31daily bars 9,411 (36.7 years)Costs 0.5%Venue LSEMonthly snapshot 2026-07-31

Results by strategy

4 of 10 beat buy and hold (CAGR 13.0%, drawdown -98.9%).

Sharpe leader (same as main): ADX / DI 방향성 — CAGR 15.6%, MDD -81.9%, Sharpe 0.60, 47% exposure.

CAGR reference leader: Supertrend — CAGR 28.2%, MDD -88.6%, exposure 52%.

Return/drawdown alternative: Parabolic SAR — CAGR is 2.7%p higher than buy and hold, while drawdown improves by 17.0%p (CAGR 23.7%, MDD -71.4%, exposure 51%).

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
ADX / DI 방향성
period=27, threshold=14
15.6%-81.9%0.600.19206.0x29547%
Keltner 채널 돌파
emaPeriod=37, atrPeriod=27, mult=3.4
11.6%-58.2%0.580.2056.3x10929%
볼린저 밴드 돌파
n=37, k=1.7
13.5%-90.5%0.560.15105.6x20339%
Donchian 채널 돌파
entryN=36, exitN=55
12.9%-91.5%0.510.1484.8x9361%
MACD
fast=17, slow=45, signal=9
12.0%-87.1%0.480.1463.5x46549%
EMA 크로스오버
fast=7, slow=77
10.8%-93.7%0.480.1243.0x18555%
ROC 모멘텀
n=56, threshold=-0.03
9.6%-94.4%0.440.1029.0x37961%
SMA 크로스오버
fast=16, slow=62
9.3%-95.0%0.430.1026.0x15952%
Supertrend
period=13, mult=4.7
28.2%-88.6%0.240.329143.1x15752%
Parabolic SAR
step=0.015, maxStep=0.12
23.7%-71.4%0.230.332465.0x45751%
Buy and hold13.0%-98.9%0.220.1387.7x1100%
1x 10x 100x 1,000x 10,000x 1990 1995 2000 2005 2010 2015 2020 2025 SupertrendADX / DI 방향성Buy and hold
ADX / DI 방향성 (Sharpe leader), Supertrend (CAGR reference), Buy and hold.
0% -25% -49% -74% -99% 1990 1995 2000 2005 2010 2015 2020 2025 Buy and holdSupertrendADX / DI 방향성
ADX / DI 방향성 maximum drawdown -81.9% (2013-10-28 → 2026-07-14), prior peak not yet recovered.

Rules of the top strategy

Looks at both the direction and the strength of the trend; holds only in a strong uptrend.

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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