Trend-Following Backtester · Guide · backtest 한국어

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Scottish Mortgage Investment Trust Plc backtest

10 trend-following strategies were compared on the full daily history of Scottish Mortgage Investment Trust Plc. 0 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is SMA 크로스오버 (CAGR 8.2%, MDD -39.7%).

Data 1970-01-01 ~ 2026-07-31daily bars 14,592 (56.6 years)Costs 0.5%Venue LSEMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 10.9%, drawdown -67.6%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 10.7%, MDD -63.0%, Sharpe 0.58, 91% exposure.

Return/drawdown alternative: SMA 크로스오버 — CAGR is 0.1%p lower than buy and hold, while drawdown improves by 4.7%p (CAGR 8.2%, MDD -39.7%, exposure 68%).

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
ROC 모멘텀
n=116, threshold=-0.15
10.7%-63.0%0.580.17318.8x10591%
SMA 크로스오버
fast=7, slow=281
8.2%-39.7%0.550.2188.6x10768%
EMA 크로스오버
fast=30, slow=158
7.5%-48.3%0.500.1558.6x8567%
Donchian 채널 돌파
entryN=7, exitN=70
7.9%-71.6%0.440.1175.2x20891%
볼린저 밴드 돌파
n=86, k=0.7
4.8%-60.5%0.380.0814.2x23257%
Supertrend
period=16, mult=2.2
4.4%-43.3%0.340.1011.2x64860%
Keltner 채널 돌파
emaPeriod=52, atrPeriod=28, mult=1
3.6%-53.2%0.310.077.2x40656%
Parabolic SAR
step=0.005, maxStep=0.22
2.5%-61.5%0.230.044.1x37060%
MACD
fast=12, slow=40, signal=18
2.1%-58.7%0.200.043.3x67049%
ADX / DI 방향성
period=36, threshold=34
0.2%-51.1%0.070.001.1x5416%
Buy and hold10.9%-67.6%0.530.16343.7x1100%
1x 10x 100x 1971 1978 1985 1992 1999 2006 2013 2020 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -17% -34% -51% -68% 1971 1978 1985 1992 1999 2006 2013 2020 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -63.0% (2000-03-10 → 2003-03-12), recovered after 2,610 days.

Rules of the top strategy

Rides the trend when recent return (momentum) over a window is above a threshold.

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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