Trend-Following Backtester · Guide · backtest 한국어

equity · GB

Pensana Plc backtest

10 trend-following strategies were compared on the full daily history of Pensana Plc. 8 beat buy-and-hold CAGR; 볼린저 밴드 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is 볼린저 밴드 돌파 (CAGR 55.5%, MDD -43.1%).

Data 2020-07-06 ~ 2026-07-31daily bars 1,534 (6.1 years)Costs 0.5%Venue LSEMonthly snapshot 2026-07-31

Results by strategy

8 of 10 beat buy and hold (CAGR 13.3%, drawdown -93.6%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 55.5%, MDD -43.1%, Sharpe 1.10, 27% exposure.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 42.2%p higher than buy and hold, while drawdown improves by 50.4%p (CAGR 55.5%, MDD -43.1%, exposure 27%).

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=17, k=1.8
55.5%-43.1%1.101.2914.6x5027%
Parabolic SAR
step=0.045, maxStep=0.24
47.8%-68.5%0.920.7010.7x18943%
ROC 모멘텀
n=17, threshold=0.11
34.7%-53.4%0.820.656.1x10029%
Keltner 채널 돌파
emaPeriod=17, atrPeriod=24, mult=1
33.5%-59.0%0.810.575.8x5829%
ADX / DI 방향성
period=24, threshold=25
27.1%-54.4%0.780.504.3x1616%
Supertrend
period=6, mult=1.9
26.2%-78.9%0.680.334.1x6246%
EMA 크로스오버
fast=48, slow=117
20.6%-72.8%0.610.283.1x1035%
Donchian 채널 돌파
entryN=17, exitN=55
18.8%-89.7%0.590.212.8x1872%
SMA 크로스오버
fast=32, slow=217
12.7%-63.7%0.480.202.1x630%
MACD
fast=13, slow=17, signal=14
11.0%-73.0%0.460.151.9x11246%
Buy and hold13.3%-93.6%0.570.142.1x1100%
1x 10x 2021 2022 2023 2024 2025 2026 볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -23% -47% -70% -94% 2021 2022 2023 2024 2025 2026 Buy and hold볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -43.1% (2024-11-26 → 2025-04-29), recovered after 276 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.
Re-run the same setupAll asset reports

Read next