Trend-Following Backtester · Guide · backtest 한국어

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PZ Cussons Plc backtest

10 trend-following strategies were compared on the full daily history of PZ Cussons Plc. 6 beat buy-and-hold CAGR; Keltner 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Keltner 채널 돌파 (CAGR 5.1%, MDD -10.2%).

Data 1988-07-01 ~ 2026-07-31daily bars 9,766 (38.1 years)Costs 0.5%Venue LSEMonthly snapshot 2026-07-31

Results by strategy

6 of 10 beat buy and hold (CAGR 3.0%, drawdown -84.8%).

Sharpe leader (same as main): Keltner 채널 돌파 — CAGR 5.1%, MDD -10.2%, Sharpe 0.75, 15% exposure.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 2.1%p higher than buy and hold, while drawdown improves by 74.6%p (CAGR 5.1%, MDD -10.2%, exposure 15%).

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=16, atrPeriod=23, mult=4
5.1%-10.2%0.750.506.6x8015%
ADX / DI 방향성
period=35, threshold=20
4.1%-45.3%0.420.094.6x10526%
볼린저 밴드 돌파
n=21, k=2.9
3.9%-61.4%0.410.064.2x14419%
SMA 크로스오버
fast=32, slow=117
3.6%-63.0%0.290.063.9x9151%
Donchian 채널 돌파
entryN=95, exitN=53
3.1%-56.3%0.280.063.2x7140%
Supertrend
period=12, mult=4.7
3.4%-77.9%0.270.043.6x17153%
MACD
fast=29, slow=65, signal=17
2.6%-71.2%0.230.042.7x26750%
EMA 크로스오버
fast=51, slow=55
2.4%-68.1%0.220.032.4x9750%
ROC 모멘텀
n=142, threshold=0.13
1.7%-57.4%0.200.031.9x17123%
Parabolic SAR
step=0.01, maxStep=0.08
1.4%-89.4%0.160.021.7x38750%
Buy and hold3.0%-84.8%0.240.043.1x1100%
1x 10x 1989 1994 1999 2004 2009 2014 2019 2024 Keltner 채널 돌파Buy and hold
Keltner 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -21% -42% -64% -85% 1989 1994 1999 2004 2009 2014 2019 2024 Buy and holdKeltner 채널 돌파
Keltner 채널 돌파 maximum drawdown -10.2% (2002-11-04 → 2003-09-11), prior peak not yet recovered.

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.
Re-run the same setupAll asset reports

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