Trend-Following Backtester · Guide · backtest 한국어

equity · GB

Workspace Group PLC backtest

10 trend-following strategies were compared on the full daily history of Workspace Group PLC. 8 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ADX / DI 방향성 (CAGR 5.8%, MDD -28.8%).

Data 1993-12-13 ~ 2026-07-31daily bars 8,345 (32.6 years)Costs 0.5%Venue LSEMonthly snapshot 2026-07-31

Results by strategy

8 of 10 beat buy and hold (CAGR 1.3%, drawdown -97.5%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 13.4%, MDD -36.9%, Sharpe 0.76, 53% exposure.

CAGR reference leader: Supertrend — CAGR 14.3%, MDD -43.4%, exposure 57%.

Return/drawdown alternative: ADX / DI 방향성 — CAGR is 12.2%p higher than buy and hold, while drawdown improves by 60.6%p (CAGR 5.8%, MDD -28.8%, 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
Donchian 채널 돌파
entryN=117, exitN=82
13.4%-36.9%0.760.3661.4x2853%
Supertrend
period=10, mult=5
14.3%-43.4%0.750.3378.3x7257%
EMA 크로스오버
fast=6, slow=163
11.5%-55.6%0.700.2134.6x6256%
Keltner 채널 돌파
emaPeriod=72, atrPeriod=28, mult=2
9.8%-41.0%0.640.2420.9x9646%
볼린저 밴드 돌파
n=56, k=3.5
6.4%-29.3%0.630.227.6x3221%
ADX / DI 방향성
period=50, threshold=17
5.8%-28.8%0.610.206.4x5827%
ROC 모멘텀
n=85, threshold=0.01
10.4%-47.8%0.590.2225.0x22956%
SMA 크로스오버
fast=55, slow=107
10.9%-60.3%0.580.1829.5x5057%
Parabolic SAR
step=0.005, maxStep=0.28
0.6%-85.2%0.130.011.2x25453%
MACD
fast=23, slow=53, signal=29
-1.9%-84.1%0.01-0.020.5x25751%
Buy and hold1.3%-97.5%0.190.011.5x1100%
1x 10x 100x 1994 1999 2004 2009 2014 2019 2024 SupertrendDonchian 채널 돌파Buy and hold
Donchian 채널 돌파 (Sharpe leader), Supertrend (CAGR reference), Buy and hold.
0% -24% -49% -73% -97% 1994 1999 2004 2009 2014 2019 2024 Buy and holdSupertrendDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -36.9% (2018-06-05 → 2024-04-24), prior peak not yet recovered.

Rules of the top strategy

A new high means a trend starting; a new low means it’s over (turtle-trading style).

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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